Joby Aviation (NYSE:JOBY | JOBY Price Prediction) stock is rallying Thursday, with shares up 9% to $8.47 by midday after the electric air taxi maker raised its full-year 2026 revenue outlook alongside Joby’s Q2 FY2026 report released after Wednesday’s close. The move puts JOBY stock at its highest level in about a month following a bruising stretch. Shares were still down 41% year to date (YTD) through Wednesday’s close.
The rally stands out because the broader tape is soft. Invesco QQQ Trust (NASDAQ:QQQ), which tracks the NASDAQ 100, is down 0.4% to $714.46. It appears, then, that today’s move is a stock-specific story rather than a sector or benchmark tailwind.
Guidance Raise Fuels the Move
Joby Aviation lifted its full-year 2026 revenue outlook to a range of $115 million to $125 million, up from the prior $105 million to $115 million range. The upgrade was powered by Joby’s Blade passenger business, which contributed about $36.2 million in Q2 revenue with seats flown up more than 50% year over year (YoY).
Furthermore, Joby Aviation’s Q2 revenue landed at $38.6 million versus the $30.4 million consensus, a 27.2% beat. On the bottom line, GAAP EPS came in at -$0.25 against a -$0.2345 estimate. Joby’s management pointed to about $2.3 billion in cash and short-term investments as of June 30.
CEO JoeBen Bevirt provided confident commentary:
With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality, giving people their time back and fundamentally changing the way we move.
Joby Aviation reported its strongest quarterly progress yet in the fifth and final stage of FAA type certification, with five aircraft flying and 12 more in production. The company’s manufacturing joint venture with Toyota Motor (NYSE:TM) remains central to scale plans.
Peers Sit Out the eVTOL Rally
Archer Aviation (NYSE:ACHR) stock is roughly flat at $5.21, refusing to piggyback on Joby’s guidance raise. Archer has its own news flow this week, including a new aviation-AI model called ZEE that predicts aircraft movements across airport surfaces, and a piloted round-trip Midnight flight between Salinas and Monterey. However, with no customer, contract value, or commercialization timeline disclosed for ZEE, and its own Q2 earnings due August 10 after the close, Archer shares are on hold ahead of the report. ACHR stock is down 31% YTD.
EHang Holdings (NASDAQ:EH) stock is drifting lower, down 1% to $5.30, with no fresh company-specific catalyst. EHang shares have been the group’s worst performer, down 61% YTD, after a Q1/Q2 2026 revenue miss earlier this summer.
What to Watch
Separately Thursday, Joby Aviation announced a new 45,000-square-foot Texas hub at Perot Field Fort Worth Alliance Airport, its first significant eVTOL presence in Texas. The facility supports first eIPP flights expected in September in Texas, with the company still targeting first passengers in 2026. Joby’s partnership with Atoms, the industrial-AI and infrastructure company founded by Travis Kalanick, on multimodal transportation hubs adds another data point on commercial readiness.
Investors can watch for whether JOBY stock holds above the $8 level into Friday’s close and how Archer Aviation’s August 10 earnings reshape the sector narrative. Any color from management on FAA Stage 4 progress or Toyota production ramp could set the next leg for the group. Stay tuned, as momentum traders may keep Joby Aviation stock active through the afternoon.
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