$JOBY

ARK Investment Management, led by Cathie Wood, purchased shares of Archer Aviation (ACHR) and Joby Aviation (JOBY) for the second consecutive day, investing $6.6 million. Both companies are developing electric vertical take-off and landing (eVTOL) aircraft. Joby reported a 56% revenue increase in Q2 and raised its 2026 revenue forecast. Archer plans to launch air taxi services in Texas. Both stocks saw minor gains overnight.

ARK Invest, led by Cathie Wood, bought 434,012 shares of Joby Aviation (JOBY) worth $2 million. Joby is in the final FAA certification stage, with 5 aircraft flying and 12 in production. The company reported Q2 revenue of $38.64 million, beating estimates, but a wider loss than expected. Joby raised its 2026 revenue outlook to $115-$125 million.

Cathie Wood's ARK Invest sold shares of AMD (24,796 shares, $13.2M) and TSMC (21,894 shares, $9.3M), redirecting funds to electric air taxi companies Archer Aviation and Joby Aviation. AMD's Q3 earnings are expected Nov. 3, with analysts forecasting $1.94 EPS on $13.08B revenue. Despite the sale, analysts remain bullish, with targets at $620 (Susquehanna) and $650 (Bernstein).

Archer Aviation (ACHR) and Joby Aviation (JOBY) are set to report Q3 earnings, with investors focusing on cash burn and progress toward commercial air taxi operations. Archer expects a Q3 loss of $0.34 per share and adjusted EBITDA loss of $170M-$200M, while Joby anticipates a loss of $0.25 per share. Both companies have seen significant stock declines in 2023, with Archer down 48% and Joby down 64%. Analysts have mixed outlooks, with Archer rated Strong Buy and Joby Hold.

Joby Aviation's stock fell 24% in a month, following a Barclays downgrade to Underweight with a $4 price target, citing production capacity concerns. Joby's CFO acknowledged demand could outpace production. The company had $2.3B in cash and short-term investments as of June 30. Barclays also initiated coverage of Archer Aviation with an Overweight rating.

Joby Aviation (JOBY) shares fell 49% over six months to $4.65. Blade, a subsidiary, drove Q2 revenue to $38.6M, leading to raised full-year guidance of $115M-$125M. Joby plans to acquire Resonant Sciences for $500M, with Q3 results on November 4 to update cash burn and aircraft progress. Joby reported a $197M adjusted EBITDA loss in Q2.

Joby Aviation (JOBY) stock has fallen 70% in the past year. The company reported $38.6M in Q2 2026 revenue, mainly from its Blade business, and raised its 2026 revenue forecast to $115M-$125M. Joby has $2.3B in cash but faces high operating losses and a recent $100M IP lawsuit judgment. It plans to spend $385M-$415M in the second half of 2026 and acquired Resonant Sciences for $500M. The stock trades at 40x sales, with no meaningful P/E due to losses.

Joby Aviation (NYSE: JOBY) plans to release its third-quarter results on November 4, with a webcast scheduled for 5 p.m. ET. The company develops electric air taxis and operates Blade, an urban air mobility service. Joby aims to launch its air taxi service globally and sell aircraft to partners. The press release includes forward-looking statements with associated risks.

Joby Aviation (JOBY) rose 7.4% in after-hours trading to $4.85, showing steady buying interest. Investors will watch if the stock maintains gains during regular trading hours.

Joby Aviation (NYSE: JOBY), an eVTOL aircraft manufacturer, is progressing through FAA certification and aims to carry paying passengers by late 2026. The company has logged over 50,000 flight miles and acquired Blade Air Mobility's passenger business, generating $36M in Q2 2026 revenue. Joby's existing operations provide market data for future eVTOL routes.