Key Takeaways
- Joby Aviation stock is up 16% in the past week after third-quarter revenue beat estimates and Joby raised its 2026 revenue outlook 15%.
- Blade’s helicopters drove the beat, and most of the gain came as speculative stocks rallied, Archer Aviation included.
- Joby keeps selling new shares to fund a cash burn of about $200 million a quarter.
- With FAA pilot testing expected in the first half of 2027, holding makes more sense than chasing the move.
Joby Aviation (JOBY) stock is up 16% in the past week on a real beat. But most of the gain came on days with no Joby news, as Archer Aviation (ACHR) and other speculative stocks bounced back.
The beat came from helicopters
Third-quarter revenue was $55 million, against a $40.4 million consensus. The company also raised its 2026 outlook to $135 million to $140 million, from $115 million to $125 million. Joby says that revenue came primarily from Blade. Analysts have already moved this year’s estimate into the new range:
The climb to $976 million in 2029 depends on the air taxi carrying paying passengers, which it hasn’t done yet.
Archer’s third quarter came out after Monday’s close and showed how far ahead Joby is on revenue: Archer had $5.1 million, with a $274.6 million net loss and a $207 million drop in cash. But Joby’s lead comes from Blade’s helicopters, and Archer has to clear the same FAA testing.
Joby keeps paying in new shares
Joby ended September with $2.2 billion in cash and short-term investments after using $195 million in the quarter. Take out the fourth quarter’s burn and the roughly $500 million Resonant Sciences deal, and what’s left would fund roughly two years of the cash analysts expect Joby to burn in 2027. Its diluted share count has climbed every year since 2021:
It’s higher still now: 1.01 billion shares outstanding at Sept. 30, up from 784.2 million at the end of 2024.
TIKR tracks 11 analysts on Joby Aviation. How many say “Buy”?
See the full breakdown of Buy, Hold, and Sell ratings on Joby Aviation, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. See Joby Aviation’s Analyst Ratings
I’d hold and wait for the FAA’s pilots
Joby is still down 59% in 2026. At about 45x forward sales, it trades at roughly half its 83.9x average of the past year. That’s cheap against its own history. Even so, I wouldn’t add after this week: Blade earned the beat, and Joby is still funding the wait by selling stock. If I owned it, I’d hold through TIA testing, expected in the first half of 2027. That’s when FAA pilots fly its aircraft for credit. Of course, Joby’s dates have slipped before.
So what is Joby Aviation stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
