Archer Aviation vs. Joby Aviation: Which EV Aircraft Stock Is a Better Buy in 2026?
Archer Aviation (ACHR) and Joby Aviation (JOBY) are competing in the electric vertical takeoff and landing (eVTOL) aircraft market. Archer reported $300K revenue and a $618.2M net loss in FY 2025, with partnerships including United Airlines. Joby reported $53.4M revenue and a $930M net loss, partnering with Toyota and Delta. Both face regulatory and financial risks, with Joby having a lower P/S ratio.
How this was made
The 30-second read
Why it matters
Both companies remain pre‑revenue with substantial cash burn, making them high‑risk speculative plays. No new contracts or regulatory approvals were disclosed beyond prior agreements.
Market read
The piece offers a side‑by‑side financial snapshot but adds no fresh material; relevance is limited to investors already tracking the sector.
What to watch
Potential defense contracts and international testing programs could provide non‑commercial revenue streams.
Background
The article compares two publicly traded eVTOL companies, Archer Aviation (ACHR) and Joby Aviation (JOBY), focusing on recent financial results and partnership strategies.
Ticker impact
Archer Aviation reported FY 2025 revenue of $300k and a net loss of $618.2M, plus a 500‑aircraft conditional deal with United Airlines.
Potential further downside unless new capital is secured.
Large losses and reliance on future contracts suggest limited near‑term upside.
Joby Aviation posted FY 2025 revenue of $53.4M and a net loss of $930M, highlighting its integrated model and partnerships with Toyota and Uber.
Likely modest volatility; upside only if FAA certification is achieved.
Revenue jump is notable, yet losses remain large and certification risk persists.
Market effects
Both firms illustrate the broader eVTOL sector's early‑stage risk and capital intensity.
U.S. urban mobility investors may reassess exposure to eVTOL startups.
Limited; the story is confined to niche aerospace investors.
Counterpoint
If FAA approvals accelerate, both stocks could experience a breakout despite current losses.
Key entities
- CompanyArcher Aviation
eVTOL manufacturer with United Airlines conditional deal.
- CompanyJoby Aviation
eVTOL manufacturer partnered with Toyota, Uber, and Delta.
