Joby Aviation raised its 2026 revenue guidance to $115M-$125M, beating estimates and driving a 9% stock gain.
Joby Aviation (JOBY) shares jumped 9% to $8.47 after the company raised its 2026 revenue outlook to $115 million-$125 million, up from $105 million-$115 million. The upgrade reflects strong performance in its Blade passenger business, which contributed $36.2 million in Q2 revenue, a 50% year-over-year increase in seats flown.
The revised guidance exceeds Q2 estimates by 27%, with Joby citing progress in FAA certification and production. The company now has five aircraft flying and 12 more in production, targeting commercial passenger flights by 2026. Despite the rally, JOBY remains down 41% year-to-date.
The broader market showed little movement, with the Invesco QQQ Trust (QQQ) tracking the NASDAQ 100 down 0.4% to $714.46. The gain appears stock-specific, as peers like Archer Aviation (ACHR) and EHang (EH) saw muted or negative reactions.