Archer Aviation plánuje sítě elektrických leteckých taxíků v Austinu, Dallasu–Fort Worthu a Houstonu, které mají zkrátit cesty autem trvající 60–90 minut na lety v délce 10–20 minut.
Archer Aviation Maps Out Ambitious Air Taxi Networks Across Three Texas Cities
Summary
Archer Aviation plans to develop electric air taxi networks across Austin, Dallas–Fort Worth and Houston, aiming to cut some road journeys from over an hour to as little as 10 minutes.
Archer Aviation ACHR shares slipped about 2% in Friday morning trading despite the company outlining plans for electric air taxi networks across Austin, Dallas–Fort Worth and Houston.
The proposed routes would connect major airports with commercial centers and popular destinations across the Texas Triangle, a region home to more than 20 million people. Archer sees the networks as a potential alternative to road travel in an area facing growing traffic congestion.
The company estimates its all-electric Midnight aircraft could reduce journeys that take 60 to 90 minutes by car to flights lasting just 10 to 20 minutes. The proposed service aims to make regional transportation faster while linking key business and travel destinations.
In Dallas–Fort Worth, the network would connect six airports with business locations, including Frisco Station. Houston routes would link three airports with a downtown hotel helipad and Galveston. In Austin, planned connections include two airports and the Circuit of The Americas racing venue.
Chief Executive Adam Goldstein said the proposed networks are designed to improve connections between major destinations and reduce time spent in traffic. The company did not provide a launch timeline in the supplied information.
Disclosures
I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Archer Aviation očekává růst tržeb z méně než 1 mil. USD v roce 2025 na 507 mil. USD v roce 2028, pokud získá certifikaci FAA a zahájí výrobu se společností Stellantis.
Archer Aviation (ACHR +0.26%), a developer of electric vertical take-off and landing (eVTOL) aircraft, went public through a merger with a special purpose acquisition company (SPAC) on Sept. 16, 2021. Its stock opened at $9.90 per share the following day, but now trades at less than $4 per share. Let's see why Archer's stock fell -- and where it might be in 2030.
Image source: Archer Aviation.
Why didn't Archer Aviation's stock take off?
Archer's Midnight eVTOL carries a single pilot and four passengers, travels up to 100 miles on a single charge, and reaches a maximum speed of 150 miles per hour. It expects its eVTOLs to eventually replace helicopters for short-range flights because they're greener, quieter, and easier to land in densely populated urban areas.
Archer's biggest backers include Stellantis (STLA +0.83%), which plans to help it mass-produce its eVTOLs, and United Airlines (UA +3.28%), which intends to use its aircraft for airport-to-home flight services. It plans to sell its aircraft to other commercial airlines and government customers, and it's building its own first-party air mobility service.
$3.88+$0.01 (+0.26%)
NYSE · As of 11:55 AM ET 10/22/26
However, the Federal Aviation Administration (FAA) hasn't approved Archer's first commercial flights yet. Moreover, Archer is trailing its top competitor, Joby Aviation (JOBY +2.48%), in the FAA's multi-stage certification process. Joby's S4 is also faster and more power-efficient than Archer's Midnight, and Joby uses more in-house components than Archer.
Those unfavorable comparisons -- along with its lack of near-term commercial revenue, ongoing losses, and high valuations -- weighed down Archer's stock over the past five years. It's also locked in trade secret and patent lawsuits with Joby and Vertical Aerospace.
Where will Archer's stock be in 2030?
From 2025 to 2028, analysts expect Archer's revenue to rise from less than $1 million to $507 million. With a market cap of $3 billion, it trades at six times its 2028 sales. That rosy outlook assumes the company achieves FAA certification, ramps up its production with Stellantis, starts converting its multi-billion-dollar backlog into revenue, and resolves its legal disputes.
If Archer matches analysts' estimates through 2028, grows its revenue at a 20% CAGR through 2030, and trades at ten times its current year's sales by the final year, its market cap could rise nearly fivefold to $14.6 billion by the end of the decade. Therefore, Archer is still a potential multibagger -- but it could sink a lot lower if it misses any of its near-term goals.
Archer Aviation plánuje převzít od Boeingu společnosti Wisk Aero, Insitu a SkyGrid výměnou za 19,75% podíl, čímž získá autonomní technologie, ziskové vojenské drony a software pro řízení letového provozu.
Here's a million-dollar question for you: Would you pay $200 to avoid an hour or so of traffic? To get to an airport, maybe, or to make an appointment that wouldn't be possible if you traveled by car?
Regardless of how you answered, Archer Aviation (ACHR -2.76%) believes there are enough people in the world answering that question in the affirmative to justify the capital and effort needed to bring air taxis to the market.
With Tesla recently demonstrating an actual flying car, the question of Archer's long-term potential is coming to the fore again. Could you still become wealthy from the nascent eVTOL (electric vertical takeoff and landing) industry? Could buying Archer Aviation stock today set you up for life?
I think so. In fact, I believe Archer could make some of its long-term shareholders very wealthy, even if its commercial passenger business never takes off. Here's what I mean.
Image source: Archer Aviation.
Beyond air taxis: How Archer is diversifying its business For starters, let me clarify something: When I say Archer Aviation could make investors wealthy without air taxi services -- that is, using an eVTOL to shuttle passengers around cities -- I don't mean to suggest that those commercial services lack enormous potential. They do. At the same time, Archer doesn't need to fly passengers to make money. Instead, it could sell the aircraft to air taxi service providers. This, I think, could combine with other opportunities to make Archer a strong business, regardless of whether it's actually taxing people in the sky.
The first of these opportunities stems from its recent acquisition of companies from Boeing (BA +0.95%). In a nutshell, Archer is planning to take three subsidiaries off Boeing's hands -- Wisk Aero, Insitu, and SkyGrid -- in exchange for a 19.75% equity stake. Each of these businesses brings something new to Archer: Wisk brings autonomous flight technology; Insitu brings an established, profitable military drone business; and SkyGrid brings software for managing air traffic.
What interests me here is that I think Archer could eventually make money in three areas: building and selling aircraft; selling autonomous flight technology; and managing airspace.
Another opportunity for Archer is in defense. Its partnership with Anduril is the clearest example of this: Both companies have developed an autonomous aircraft platform designed for military applications. If successful, Archer could tap into a lucrative market where demand is driven by national security and paid for by governments rather than dependent on consumers' willingness to pay for an air taxi.
$3.87-$0.11 (-2.76%)
NYSE · As of 4:00 PM ET 10/21/26
How buying Archer today could set you up for life My prediction is that within the next decade, Archer will become a major manufacturer of next-generation aircraft and autonomous aviation technology, with a business worth several times its current valuation. My argument here is that even without a commercial passenger air-taxi service, Archer looks poised for serious growth.
Implied, of course, is a further argument: With revenue from commercial passenger services, Archer's growth could be exponentially large.
Becoming that company will, of course, require patience, time, and probably some luck. But for investors who can hold a speculative stock for a decade or longer, I believe Archer could become one of those rare investments that could genuinely change one's future.
Archer Aviation očekává, že do roku 2028 dosáhne tržeb kolem 506 milionů USD, podpořených plánovanou akvizicí aktivit Boeing v oblasti dronů a partnerstvím se společností Anduril.
Let me begin with what seems like a pretty easy prediction: By the end of 2028, Archer Aviation (ACHR -4.68%) will more than triple its revenue. In fact, if it continues on the path that it's on, Archer's present-day revenue will explode -- possibly growing by four digits. Here's how.
$4.07-$0.20 (-4.68%)
NYSE · As of 4:00 PM ET 10/16/26
What the next two fiscal years could look like for Archer Currently, Archer is still living through its pre-certification days. Indeed, while its Midnight aircraft can fly, it hasn't gotten the FAA approval needed for full-scale commercial passenger operations. That's why Archer has barely squeezed out $7 million in revenue over the last 12 months.
Data by YCharts
As shown in the chart above, analysts have high expectations for Archer. Between today and the end of 2028, it's generally believed that Archer will grow revenue to about $506 million.
This is, of course, a forecast, not a guarantee. Archer may earn less revenue than expected in 2028; it may earn more. But given some of the company's recent activities, I believe there's good reason to believe Archer could actually exceed these expectations.
For starters, there's Archer's planned acquisition of three subsidiaries from Boeing, one of which is a profitable drone business that generates more than $200 million in annual revenue. If this deal closes, Archer will secure about two-fifths of that $500 million in annual revenue.
There's also Archer's partnership with Anduril. Last November, Archer announced an agreement to supply electric powertrains for Anduril's Omen, an autonomous aircraft developed in partnership with a defense company based in the United Arab Emirates (UAE). The UAE has, in fact, committed to purchasing 50 Omen systems.
Image source: Archer Aviation.
Meanwhile, in July, Archer and Anduril unveiled a jointly developed autonomous aircraft platform with two versions: Thunder, designed for military operations, and Halo, for commercial.
Finally, there's Archer's electric vertical takeoff and landing (eVTOL) business, arguably its future bread and butter. Archer has been steadily working through the regulatory process to get its eVTOL Midnight certified for commercial operations. Although no definite date has been established for when Midnight will carry paying passengers, the progress it has made has me convinced it will carry that certification in 2028, if not before.
What does this mean for Archer stock? All of these -- the drone business, the partnership with Anduril, and its own passenger commercial operation -- could combine to generate $500 million in revenue in 2028. That doesn't, however, mean that Archer stock will then soar over that same period.
The sad truth is that $500 million in annual revenue is not enough to plug Archer's spending hole. Last quarter, Archer's operating expenses totaled about $284 million, more than half of its projected annual revenue two years from now.
Two years from now, however, Archer could be a much stronger business, with a certified Midnight and multiple sources of revenue. Aggressive investors with an appetite for risk might want to consider adding some shares today, before that potential growth is reflected in the price.
Archer Aviation letos jako první v oboru dokončila třetí fázi certifikace FAA pro eVTOL Midnight a plánuje převzít tři dceřiné společnosti Boeingu, včetně ziskového výrobce dronů Insitu.
At first glance, Archer Aviation (ACHR -4.68%) has had a dismal year, at least judging by its stock price. The eVTOL (electric vertical takeoff and landing) stock has sunk to about $4 per share. It opened the year with a price of about $8. That's a 50% drop -- and the year hasn't ended yet.
$4.07-$0.20 (-4.68%)
NYSE · As of 4:00 PM ET 10/16/26
Below the surface, however, Archer hasn't been at a standstill. Quite the contrary: Looking beyond the stock chart, the company has actually had a good year. In fact, it's made enough progress that I think the beaten-down stock could be a compelling buy for certain investors. Let's take a look.
Commercial flights are coming into view
Archer, to put it plainly, is making electric taxis. It is, along with Joby Aviation (JOBY -3.12%), a pioneer in the nascent eVTOL industry, which is itself part of a broader urban air mobility market that Morgan Stanley once estimated could be worth $9 trillion by 2050.
Image source: Archer Aviation.
Whether the industry actually reaches that size is anyone's guess. But even a small piece of that market could translate into billions in annual revenue for Archer. The challenge, of course, is getting its aircraft -- Midnight -- certified so it can put paying passengers in the air. And that's where I think Archer has made encouraging progress this year.
Earlier in 2026, Archer completed Phase 3 of the FAA's four-phase type certification process, the first eVTOL company to do so. (Joby, it should be said, is working with a different certification process that has five stages; overall, Joby appears to be farther along, although the two processes aren't apples to apples.)
In August, Archer completed more than 70 test flights, and in September, it flew Midnight between Salinas and Hollister, California. Fun fact: It completed the flight between these cities in about 12 minutes; by car, the trip would have taken roughly 40 minutes.
Archer is expanding beyond air taxi services
FAA progress has been encouraging, but it hasn't put a dime in Archer's coffers. Revenue from Archer's eVTOL business remains exactly what it has been all along: zero. But that could soon change.
Recently, Archer announced plans to acquire three subsidiaries from Boeing (BA +0.78%): Wisk Aero, SkyGrid, and Insitu. The last of these is particularly interesting: Insitu, a military drone maker, has a profitable business. Indeed, it generated more than $200 million in annual revenue last year.
For perspective, Archer generated just $5 million in revenue last quarter. If the Boeing deal closes, Archer could have substantial revenue coming in even before Midnight is cleared for commercial takeoff.
Data by YCharts
Even with the acquisitions, plenty of risks remain. Indeed, Boeing will receive a substantial ownership stake in Archer if the deal closes, diluting existing shareholders. And even $200 million doesn't come close to covering Archer's annual expenses, which totaled about $284 million last quarter alone.
Still, I really like where Archer is headed. Its stock may have lost half its value, but with that has also come significant progress in its business. For investors willing to tolerate risks, I think that progress is a good enough reason to buy shares at today's price.
Společnost Archer Aviation bude muset financovat výrobu letadel i novou leteckou infrastrukturu; plánovaná akvizice podniků Boeing Wisk, Insitu a SkyGrid bude financována emisí akcií odpovídající přibližně 19,75 % počtu akcií Archeru před uzavřením transakce, bez započtení warrantů.
Archer Aviation (ACHR -5.33%) is an ambitious upstart building "flying taxis." That's a phrase I don't particularly like -- it's confusing, and doesn't really describe what Archer is trying to build -- but it does a decent job of naming the basic idea: An aircraft that, like a taxi, can shuttle people around cities.
Also called electric vertical takeoff and landing (eVTOL) aircraft, they're a part of the growing urban mobility market, a market that some people expect to represent a multi-trillion-dollar opportunity. Some have compared Archer's future business to Uber (UBER -0.25%), and the comparison has gotten investors excited over Archer stock. Currently trading at roughly a $3.75 billion market cap, Archer's stock could have enormous upside if it ever reached the $145 billion market cap Uber itself is worth today.
Image source: Archer Aviation.
Would it be enough to turn Archer investors into millionaires? Let's take a look.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
-5.33
%) $
-0.25
Current Price
$
4.44
Could Archer mint new millionaires? Since Archer stock has tanked by roughly 62% since last year, the path to millionaire status from this stock alone requires less upfront investment to make the math work.
If you'll grant me the assumption that Archer could reach Uber's size, then you would need to invest $26,000 today to end up with $1 million. That's assuming Archer's share count stays unchanged, which, honestly, is a poor assumption. If we assume the share count doubles along the way, you would need about $52,000 to reach the same $1 million.
And yes, Archer investors should expect dilution. In the immediate future, and possibly further out. Archer's pending acquisition of Boeing businesses Wisk, Insitu, and SkyGrid calls for issuing shares equal to about 19.75% of Archer's pre-closing share count -- and that doesn't include warrants. Archer also isn't generating enough to cover its spending, which could mean issuing more shares to keep the business afloat.
Could Archer's business ever support a $145 billion market cap? From a distance, the comparison with Uber seems reasonable enough. Look closer, though, and the similarities disappear.
Here's the big difference: Uber hasn't needed to manufacture a fleet of cars to become a multi-billion-dollar company. Its drivers supply the vehicles. Archer, on the other hand, has to build its own aircraft. Each aircraft it builds could generate more revenue, but maintenance, pilot, insurance, charging, and other expenses will also increase its costs.
That's why treating Archer as an Uber of the skies can be misleading. Yes, the services look similar, but the costs of providing them are different enough that we shouldn't assume similar profitability or valuations.
For Archer to command a $145 billion market cap or higher, it needs to do something Uber never had to do: build the infrastructure for an aviation industry that doesn't exist yet. While at times investors might be overexcited about this stock -- as we saw last year -- I haven't yet seen enough evidence that Archer's business can grow large enough to turn a modest investment into $1 million or more.
Archer Aviation by podle autora mohl do roku 2029 zahájit komerční provoz eVTOL po získání typové certifikace od FAA a zvýšit tržby akvizicí tří dceřiných společností společnosti Boeing.
On the surface, Archer Aviation (ACHR -5.33%) stock has been a disappointment this year. The eVTOL stock (electric vertical takeoff and landing) currently trades at about $5 a share, and has traded in the red for most of the year. It closed 2025 at about $7.50 a share; it has spent much of 2026 below $7.
But, honestly, what else should we have expectd? This is a company earning almost zero revenue last year; an aviation hopeful whose aircraft, Midnight, lacked -- and still lacks -- regulatory approval for commercial flights; and a high-flying, speculative stock whose valuation depended on faith, hope, and a whole lot of things going right.
Still, a lot could change in three years. And if Archer executes on its ambitions, I think this stock could gain more than 50% in that time span.
Image source: Archer Aviation.
What Archer could look like in three years Archer Aviation is a pioneer in the nascent eVTOL industry. It, along with Joby Aviation (JOBY -3.70%), is trying to become the first U.S. company to offer air taxi services -- essentially a new mode of aerial transportation that would shuttle you through the air instead of on the ground. The vision for Archer is to transform the congested urban commute by replacing hour-long car rides with 10- to 20-minute zero-emission flights.
As mentioned above, Archer doesn't have the regulatory green light to offer air taxi services commercially. By 2029, however, I expect that Archer will have received FAA type certification and will have started commercial operations.
I don't think that's overly optimistic either. Thing is, Archer has completed three of the FAA's four certification phases and is now working through the final one. Meanwhile, its Midnight aircraft have been completing piloted test flights in California, including trips between cities. Add to that the federal government's enthusiastic push to bring eVTOLs to a major city near you, and I think Archer has a shot at getting Midnight certified in 36 months.
On top of that, Archer has opportunities now that could make it a formidable business in three years. Take, for instance, its defense plans. In August, Archer announced plans to acquire three Boeing subsidiaries, including Insitu, a profitable drone manufacturer generating more than $200 million in annual revenue.
That's right: Archer, who barely eked out $300,000 in 2025, could be generating not insignificant revenue soon. Assuming the deal closes, Archer could enter 2029 with a strong defense business alongside its passenger enterprise.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
-5.33
%) $
-0.25
Current Price
$
4.44
So how much could a $5,000 investment be worth? Of course, revenue growth doesn't necessarily translate into stock growth. Dilution, for example, could eat into returns, even if Archer grows into a bigger business.
Indeed, given that Archer lost about $260 million in the second quarter alone, I wouldn't be surprised if the company needed to raise even more capital over the next three years. Toss in the additional shares Archer plans to issue for its Boeing acquisition, and dilution could become a major headwind.
Still, I think Archer has a good shot at hitting $8 a share by October 2029. That would imply 60% upside from here, turning $5,000 into $8,000. This assumes that Archer gets FAA type certification and expands its defense business, both of which, I think, will make it a much more valuable company than it is today.
That isn't, of course, a guarantee, and there are plenty of risks that could kill Archer's plans. Only go into Archer if you have an appetite for risk and can stomach the losses should the company fail to realize its ambitions.
Archer Aviation vyvíjí eVTOL Midnight s redundantním pohonem v konfiguraci 12 rotorů a 6 naklápěcích mechanismů a pokračuje v letových testech pro certifikaci FAA.
Key Takeaways ACHR's Midnight uses distributed electric propulsion and multiple motors to support reliable operations.ACHR develops electric propulsion and flight controls in-house to support safety and certification.ACHR's flight tests assess performance and gather safety data for FAA certification.
Archer Aviation Inc. (ACHR - Free Report) is developing its Midnight electric vertical takeoff and landing (eVTOL) aircraft with a design focused on safety and reliability. The aircraft uses a proprietary 12-tilt-6 distributed electric propulsion platform and is designed to carry four passengers and a pilot. Its propulsion architecture combines multiple electric motors with a simpler system design than traditional helicopters.
A key feature of Midnight is its use of redundant electric motors. This design aims to reduce potential failure points and support reliable aircraft operation. Rather than relying on a single central propulsion system, the aircraft distributes propulsion across multiple units, an approach intended to strengthen its safety architecture.
Archer has also developed key technologies in-house, including electric propulsion and flight control systems, while incorporating components from aerospace suppliers, some of which are already used on certified aircraft. This approach is intended to reduce certification risk, development time and cost. The company continues to conduct flight-test campaigns to evaluate aircraft performance and collect safety-critical data for the Federal Aviation Administration’s certification process.
Safety and reliability will remain important as Archer works toward commercial air-taxi operations. Midnight’s distributed propulsion design and ongoing flight testing are central to the company’s effort to meet the performance and safety requirements of passenger aviation. However, the aircraft must still demonstrate that it meets applicable certification requirements before commercial passenger operations can begin.
Companies Developing Redundant Electric Propulsion SystemsThe focus on safety and reliability is encouraging eVTOL companies to incorporate redundant propulsion and control systems into their aircraft designs. Joby Aviation, Inc. (JOBY - Free Report) and BETA Technologies, Inc. (BETA - Free Report) are also developing electric aviation technologies with features intended to support reliable operations.
Joby Aviation’s aircraft uses six electric propellers, multiple battery packs and redundant flight-control systems designed to support safe operation.
BETA Technologies develops electric propulsion systems and flight-control technologies, including multiple flight-control computers designed to support continued operation in the event of a system failure.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 52.38% and growth of 15.63%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.89X compared with the industry average of 5.32X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past six months, ACHR shares have fallen 17.3% compared with the industry’s 19.1% drop.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Electric vertical takeoff and landing aircraft (eVTOLs) could change how we think about transportation. Thanks to modern technology, these aircraft can take off like helicopters and transition to flight like airplanes.
While eVTOLs could change how we get around cities, they are also highly appealing for military purposes. Their electric motors are 1,000 times quieter than helicopters, making them harder to detect during missions. They also require less maintenance and are agile enough to perform rescue and reconnaissance missions.
Archer Aviation (ACHR -5.44%) is an eVTOL developer with a growing defense business alongside its commercial ambitions. Here's why Archer Aviation is so well-positioned to capture defense dollars flowing into eVTOLs.
Image source: Archer Aviation.
Archer is working with the U.S. Air Force and winning defense contracts
eVTOLs offer a distinct advantage for military use, including lower acoustic and thermal signatures and the ability to maneuver in tight spaces. The United States Air Force created the AFWERX Agility Prime program to accelerate eVTOL technology. This program grants military airworthiness evaluations and access to military test ranges.
Archer Aviation has positioned itself as a key player in this program. Through its AFWERX partnership, Archer secured defense contracts worth up to $142 million to evaluate its Midnight aircraft for military use cases. Under this program, the Air Force took delivery of Midnight and validated its flight performance, maintenance turnaround time, and tactical use on military ranges.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
-5.44
%) $
-0.27
Current Price
$
4.69
This comes as Archer scales up its Archer Defense segment. In 2024, Archer teamed up with Anduril Industries, a next-generation defense prime specializing in uncrewed autonomous hardware and command-and-control software.
On July 20, Anduril and Archer Aviation revealed their jointly developed autonomous VTOL aircraft platform. As part of the reveal, Anduril showcased Thunder, an autonomous attack aircraft built using technology from Archer's Midnight aircraft. Archer raised $430 million in equity following this announcement.
Archer Defense provides revenue while working toward a commercial launch
Archer continues to build on its defense business. On Aug. 10, Archer announced it would acquire aerospace assets from Boeing in an all-stock deal, giving Boeing roughly a 19.75% stake in Archer after closing.
As part of this deal, Archer will acquire military drone maker Insitu, eVTOL developer Wisk Aero, and airspace software company SkyGrid. Insitu will provide Archer with a company that is already operating and generating over $200 million in annual revenue.
Archer Aviation is seeking Federal Aviation Administration certification for its eVTOLs for commercial use and hopes to begin passenger flights in the next year or two. In the meantime, integrating defense into its business provides an alternative revenue and cash-flow source as it seeks certification and scales manufacturing.
Archer Aviation (ACHR) za poslední tři měsíce klesla o 3,5 %, tedy méně než letecko-vesmírný a obranný sektor, který oslabil o 14,8 %. Poměr ceny k tržbám (P/S) ve výši 30,89 však výrazně převyšuje průměr odvětví 2,07.
Key Takeaways Archer Aviation outperformed its industry over three months despite a 3.5% share-price decline.Archer is advancing eVTOL commercialization through acquisitions, infrastructure and Midnight flight tests.Archer's strong liquidity supports growth, but its premium valuation may limit near-term upside. Archer Aviation Inc. (ACHR - Free Report) shares have lost 3.5% in the past three months, outperforming the Zacks Aerospace-Defense industry’s decline of 14.8% as well as the broader Zacks Aerospace sector’s loss of 16%. However, it underperformed the S&P 500’s return of 3.7% in the same time frame.
Image Source: Zacks Investment Research
Other industry players, such as Virgin Galactic (SPCE - Free Report) and Embraer (EMBJ - Free Report) , have delivered a similar performance in the past three months. Shares of SPCE and EMBJ have gained 16.2% and 18.9%, respectively, in the said period.
ACHR’s stronger performance compared with the broader aerospace and defense industry, along with gains among key peers, could make the stock appealing to investors. However, investors should assess whether ACHR’s solid fundamentals and growth prospects can sustain long-term gains. Evaluating its growth drivers, earnings outlook and key risks will be crucial in determining the stock’s potential for further upside.
Tailwinds for ACHRArcher Aviation continues to advance its position in the eVTOL market through strategic acquisitions, infrastructure development and successful flight demonstrations aimed at accelerating the commercialization of electric air taxis.
In September 2026, Archer Aviation announced the expiration of the Hart-Scott-Rodino waiting period for its planned acquisition of Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries. The transaction is expected to close by the end of 2026, subject to remaining regulatory approvals and other customary conditions.
Archer Aviation is also building the infrastructure needed for commercial eVTOL operations. The America’s Consortium for Electric Skyways (ACES), launched by Archer Aviation, BETA Technologies and Macquarie Capital, plans to expand interoperable charging infrastructure across Texas and support up to 250 air taxi sites across major airports and metropolitan areas over the next decade.
Meanwhile, Midnight continues to demonstrate progress toward commercial readiness. In September 2026, the aircraft completed a roughly 40-mile roundtrip flight between Salinas and Hollister, CA, in about 12 minutes each way, reaching speeds of 125 mph. These developments could strengthen Archer Aviation’s commercialization outlook as regulatory support, infrastructure and flight testing continue to advance.
Estimates for ACHR’s 2026 Sales and EarningsThe Zacks Consensus Estimate for ACHR’s 2026 sales implies year-over-year growth of 5467.7%. The consensus estimate for its 2026 losses indicates a year-over-year decline.
Image Source: Zacks Investment Research
The stock’s annual bottom-line estimates have moved north over the past 60 days.
Image Source: Zacks Investment Research
ACHR’s ValuationIn terms of valuation, ACHR’s forward 12-month price-to-sales (P/S) is 30.89X, a premium to the industry average of 2.07X. This suggests that investors will be paying a higher price than the company's expected sales growth compared with its industry average.
Image Source: Zacks Investment Research
Virgin Galactic and Embraer are trading at a discount in comparison with ACHR. SPCE’s forward 12-month price-to-sales is 2.09X, while EMBJ’s forward 12-month price-to-sales is 1.47X.
Liquidity Position of ACHRACHR has a current ratio of 10.21. The ratio, being more than one, indicates that ACHR possesses sufficient capital to pay off its short-term debt obligations.
Its industry peers, Virgin Galactic and Embraer, also maintain current ratios above one. SPCE has a current ratio of 1.62, while EMBJ also holds 1.44.
What Should an Investor Do?ACHR’s demand and healthy liquidity position provide a solid foundation for long-term growth. However, the stock’s premium valuation relative to the industry and key peers may limit its near-term upside potential.
Considering these strengths alongside valuation concerns, existing shareholders may consider holding the stock, while prospective investors could wait for a more attractive entry point. Tracking ACHR’s earnings growth, valuation and execution will remain important when evaluating a new investment.
ACHR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation zatím nemá certifikaci FAA pro komerční přepravu; při čtvrtletním odtoku hotovosti ve výši 200 mil. USD může brzy potřebovat nové financování.
What if I told you there was a multi-trillion-dollar opportunity in aviation, one still in the early stages of growth, but could radically change the industry? If you're already familiar with Archer Aviation (ACHR -0.11%), then you probably know where I'm going with this.
Archer is developing electric vertical takeoff and landing (eVTOL) aircraft, better known as air taxis, that could eventually move passengers above congested city streets. Because time is money, and money buys convenience, Archer is betting that travelers will pay a premium to be shuttled over traffic. If Archer is right, its market valuation -- currently badly beaten down -- could grow several figures higher than its current $3.75 billion.
As this nascent industry grows, could Archer become a trillion-dollar company?
How Archer could grow, and what could stop it There's no denying that Archer Aviation has momentum right now. Well, let me take that back: It did have momentum, lots of it, so much so that the company continues to ride the last bit of it even though delays and stock dilution have brushed the dazzle out of investors' eyes.
Image source: Archer Aviation.
The good news is that Archer may lack the FAA type certification it needs to fly passengers commercially, but that hasn't stopped it from putting its flagship eVTOL, Midnight, through the wringer and laying the groundwork for eventual commercial operations.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
-0.11
%) $
-0.01
Current Price
$
4.65
In September, Archer announced that Midnight completed a piloted round trip between Salinas and Hollister, California. Midnight reached 125 mph, cruised at 3,550 feet, covered more than 40 miles round trip, and completed each leg in 12 minutes. Better yet, the flight was conducted as part of Archer's No Roads tour, which is being closely coordinated with the FAA.
That's great news for Archer investors, but it's not revenue -- and for this cash-burning company, generating significant revenue from eVTOLs is a must right now. Archer will likely spend a good chunk of its roughly $1.6 billion in cash and equivalents on research and development. You might think a billion would last a while, but with a quarterly burn rate of $200 million, I'd be surprised if it lasted 24 months before it needs a fresh injection.
ACHR Cash and Short Term Investments (Quarterly) data by YCharts
Archer might be getting significant revenue through Insitu, a profitable drone manufacturer that it plans to acquire from Boeing. Still, eVTOLs are its bread and butter, and until it has revenue through that segment, the uncertainty around its future will be unbearable for most investors.
Does Archer really have what it takes to become a trillion-dollar company? Never say never -- so the saying goes -- but then again, hope is not a strategy, you shouldn't count your chickens before they hatch, and some things really are too good to be true.
All in all, I think conventional wisdom is stacked up against Archer's trillion-dollar growth scenario. Not because growing into a trillion-dollar company is impossible, but because the world in which a company like Archer could join the trillion-dollar club barely exists today. Plus, Archer isn't the only eVTOL company competing in this space -- there's also Joby Aviation, which is further along on the FAA certification timeline.
At this point, Archer Aviation might be good for a small speculative position, but I wouldn't go all in. There are plenty of growth stocks in better positions than this one to offer you handsome gains over the long term.
Archer Aviation plánuje přeměnit letiště Hawthorne na provozní centrum své sítě leteckých taxíků v Los Angeles a inovační centrum pro letecké technologie poháněné umělou inteligencí.
Key Takeaways ACHR plans to develop Hawthorne Airport as the operational hub for its Los Angeles air-taxi network.ACHR intends to use Hawthorne as an innovation hub for next-generation AI-powered aviation technologies.ACHR expects airport and hangar redevelopment to support its broader urban air mobility strategy. Archer Aviation Inc. (ACHR - Free Report) is expanding beyond aircraft development by building infrastructure to support its planned advanced air mobility (AAM) and air-taxi operations. A key part of this strategy is its control of Hawthorne Municipal Airport near Los Angeles International Airport and Downtown Los Angeles. Archer Aviation plans to develop the airport as the operational hub for its Los Angeles network while also using the site as an innovation hub for next-generation AI-powered aviation technologies.
The airport could play an important role as Archer Aviation develops its urban air mobility network. The company plans to connect major population and business centers with key transportation hubs in selected metropolitan areas, integrating eVTOL flights into passenger journeys through airline relationships and developing vertiports with infrastructure partners. Hawthorne Airport could provide a physical base for supporting operations as Archer Aviation works toward commercial air-taxi services.
Archer Aviation also views the airport as more than an operating location. The company plans to use Hawthorne as an innovation hub for developing and commercializing next-generation AI-powered aviation technologies. This adds a technology-development element to the airport investment and could provide a location where Archer Aviation advances aviation technologies alongside its planned air-taxi operations.
Archer Aviation expects to continue investing in Hawthorne Airport as part of its broader urban air mobility strategy. Planned investments include airport and hangar redevelopment and the deployment of advanced aviation technologies. If successfully developed into its planned Los Angeles hub, the facility could become an important part of Archer Aviation’s commercial infrastructure and support the broader rollout of its advanced aviation operations.
Companies Building Infrastructure for Advanced Air MobilityThe development of dedicated infrastructure is becoming an important part of the advanced air mobility market. Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) are also developing networks and facilities designed to support future electric air-taxi operations.
Joby Aviation is developing transportation hubs and vertiports across target markets, with infrastructure supporting electric-aircraft takeoff, landing and charging. The company is advancing vertiport networks in key markets, including the United States and Dubai.
Eve Holding is pursuing a partner-driven approach to vertiport infrastructure, working with airports and aviation-service providers. Its planned operations focus on airport connectivity and regional mobility using eVTOL aircraft.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 52.38% and growth of 15.63%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher Aviation is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.87X compared with the industry average of 5.34X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past six months, ACHR shares have fallen 16.3% compared with the industry’s 18.3% drop.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher Aviation currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation stock NYSE:ACHR has fallen roughly 38% in 2026, but Cathie Wood is buying the dip.
ARK Invest funds purchased about 2.57 million ACHR shares worth $12.1 million on Oct. 6, while ARK’s ARKW fund sold roughly $9.4 million of SpaceX stock (NASDAQ: SPCX).
At $4.65, Archer now sits near the bottom of its 52-week range even as TipRanks analysts see around 149% upside.
Archer Aviation remains a high-risk stock despite Wall Street’s bullish targets. TipRanks’ six-analyst consensus of $11.60 implies roughly 149% upside from $4.65, while broader analyst data put the average target near $10.61.
The bull case depends on Archer expanding into defence, autonomy and airspace technology, while heavy cash burn and unfinished Midnight certification remain the biggest risks.
Archer has fallen from a 52-week high of $14.62 to $4.65, leaving it only modestly above its $4.30 low.
That collapse has come even as the company advances Midnight flight testing and prepares for the White House’s eVTOL Integration Pilot Program.
ARK is adding after a repricing rather than chasing momentum.
The investment case has widened beyond passenger air taxis. On Archer’s earnings call, Cantor Fitzgerald analyst Andres Sheppard said the company “no longer is an eVTOL company,” describing it instead as an aerospace, defence and advanced-air-mobility platform.
Archer plans to acquire Boeing’s Wisk Aero, Insitu and SkyGrid businesses, adding autonomy, military drones and airspace software. Insitu alone brings more than $200 million in annual revenue.
Wood is therefore buying a company whose share price has collapsed just as its addressable market is broadening.
TipRanks’ six-analyst consensus target stands at $11.60, implying roughly 149% upside from Tuesday’s close.
A broader nine-analyst set puts the average target closer to $10.61. But the range is unusually wide, as the lowest target is about $4.50, implying slight downside from current levels, while the highest target of $18 suggests potential upside of almost 290%.
That spread tells investors something the headline average cannot: Wall Street broadly agrees Archer has significant long-term potential, but analysts disagree sharply over what that potential is worth today.
The bullish argument increasingly depends on Archer becoming a broader aerospace and defence platform, not simply getting Midnight certified.
Canaccord Genuity analyst Austin Moeller kept a Buy rating and $12 target after Archer announced the Boeing transaction. TipRanks reported that Moeller sees the company “evolving into a more defence tech-focused business.”
Canaccord lifted its 2027 revenue estimate to about $325.5 million from $124.5 million, reflecting expected contributions from defence and autonomous-aviation assets alongside Midnight.
Archer is also developing Halo and Thunder autonomous aircraft and ZEE, an aviation-focused AI foundation model. Boeing is set to become a strategic shareholder and partner.
Archer generated $5 million of second-quarter revenue while adjusted EBITDA showed a $177.1 million loss. Operating expenses approached $280 million, and cash used in operations reached $156.4 million.
Canaccord estimated quarterly free-cash use at roughly $194 million and expects an adjusted EBITDA loss of about $717 million for 2026.
H.C. Wainwright analyst Amit Dayal nevertheless reiterated a Buy rating and $18 target after the results. From $4.65, that implies almost 290% upside.
But the $4.50 low target provides an important counterweight. It suggests at least one Wall Street view sees little reason for the stock to trade materially above current levels until Archer proves more of its commercial story.
Certification remains another central risk. Canaccord noted that Archer had not provided detailed timing for Phase 4 testing and analysis required for Midnight’s airworthiness certification.
That helps explain the gulf between bullish targets and weak price action. Investors are being asked to value businesses that could become large before the underlying programmes prove they can scale commercially.
Kalifornský federální soud zúžil některé nároky Joby Aviation proti Archer Aviation, včetně nároků týkajících se obchodního tajemství a smluvních tvrzení. Zároveň zamítl i protižaloby Archer.
Archer Aviation (ACHR.N) said on Friday a California federal court had dismissed some of Joby Aero's trade-secret and contract claims against it, as well as Archer's counterclaims.
The US District Court for the Northern District of California issued the ruling on September 29, cutting back on the claims in the ongoing litigation between the two air-taxi makers.
Air taxi makers are racing to commercialize electric vertical takeoff and landing aircraft — an emerging market backed by major automakers, airlines and investors that has also spawned a string of trade-secret and patent disputes.
Archer settled separate trade-secret claims brought by Boeing-owned air-taxi developer Wisk in 2023, and filed a patent infringement lawsuit against Vertical Aerospace earlier this year.
Joby sued Archer in 2025, alleging a former employee, George Kivork, who led its state and local policy team, took confidential information on business strategies, partnership terms and aircraft specifications before joining the rival.
A forensic investigation found Kivork had sent dozens of Joby files to a personal email account and altered security permissions on hundreds more to access them after his departure, the lawsuit said.
Joby also alleged Archer misused the trade secrets to undercut one of its agreements with a real-estate developer.
The company sought an unspecified amount of monetary damages and an order preventing Archer from using its trade secrets.
Joby ve 2. čtvrtletí utratil zhruba 260 milionů USD z provozní činnosti a měl 2,2 miliardy USD v hotovosti a investicích. Archer spálil asi 279 milionů USD a držel 1,5 miliardy USD.
Joby Aviation (JOBY -1.96%) and Archer Aviation (ACHR -2.69%) are looking to upend the aviation industry. That's a tall task, given the sector's highly regulated and capital-intensive nature. But they are making material strides toward that goal, as they each advance their electric vertical takeoff and landing (eVTOL) technology.
From a business perspective, things are going well. But what about from a finance perspective? Neither one generates material revenue, so both are burning through cash at a rapid rate as they build their aerospace businesses. It looks like Joby may have more room to run, at least for now.
Image source: Getty Images.
Joby and Archer: Lots of money out, little money in In the second quarter of 2026, Joby Aviation reported $38.6 million in revenues. Archare Aviation reported just $5 million. That's not a lot of revenue when you consider the spending these two companies are doing as they build their businesses.
Joby's cost of revenue was $28.3 million, resulting in a small gross profit. However, selling, general, and administrative (SG&A) costs were $76.5 million. And then research and development expenses were nearly $195 million. When all was said and done, the company's loss from operations was roughly $260 million.
Premium Feature
Moneyball Superscore
66/100
Today's Change
(
-1.96
%) $
-0.12
Current Price
$
5.99
Archer's story is no better. The $5 million in revenue it produced cost $4.3 million to generate, leaving a small gross profit. However, SG&A costs came in at nearly $94 milloin in the second quarter. Research and development costs totalled $186 million. All in, Archer's loss from operations was $279 million.
As start-ups, it isn't surprising that Archer and Joby are bleeding cash. But investors have to understand that the cash supporting these businesses is limited. At the end of the second quarter, Joby had roughly $2.2 billion in cash and investments. Archer Aviation had about $1.5 billion.
Joby has an edge, but don't get too excited From a pure numbers perspective, Joby has more room to run. If it continues to loss $260 million each quarter, the $2.2 billion in cash could last another two years or so. Joby's $1.5 billion in cash at a roughly $280 million quarterly loss would last only a little over a year.
Premium Feature
Moneyball Superscore
57/100
Today's Change
(
-2.69
%) $
-0.14
Current Price
$
5.06
That's if nothing changes, which is highly unlikely. After all, Joby just successfully showcased its autonomous flight technology with a cross-country flight. And Archer just showed off its tech with manned flights between local California airports, basically proving it can operate an air taxi service. At this point, there's a strong reason to believe both will be able to bring their eVTOLs to market.
This helps explain why aviation giant Boeing (BA +1.78%), among other companies, is partnering with Archer. And why Joby is working with Virgin Atlantic and Delta (DAL +1.00%). Basically, neither Joby nor Archer is flying solo here, which suggests that more capital will be relatively easy to raise when it is needed.
Almost there, but not quite Archer Aviation and Joby Aviation are high-risk stocks that only the most aggressive of growth investors should consider. But they are both making material progress as businesses, even as they continue to burn through cash at a rapid clip. That's pretty normal for a start-up.
The big difference here is that each of these eVTOL companies is working with major partners that could be important sources of capital. In other words, investors should monitor cash burn as it occurs, but it is highly likely to be replenished before there's any risk to either company's business. That said, if either company fails to replace its cash balances in a timely fashion, it might be time to ditch the aircraft maker.
Archer Aviation využívá svou „zlatou výrobní linku“ v Silicon Valley k počátečním sestavám Midnight před rozjezdem výroby v Georgii. Zkušenosti z prvních kusů promítá do návrhu a rozběhu vysokokapacitní výroby.
Key Takeaways ACHR is using its Silicon Valley line to support early Midnight builds before Georgia ramps up production.ACHR is applying lessons from early builds to the design and ramp-up of its Georgia manufacturing operation.ACHR is focusing on propulsion, flight controls and composites while sourcing other components. Archer Aviation Inc. (ACHR - Free Report) is using a “golden manufacturing line” approach to improve the transition from early Midnight builds to high-volume production. The strategy allows Archer to use its Silicon Valley facility for final assembly during the new product introduction phase while preparing its Georgia facility for larger-scale manufacturing.
The approach could help Archer identify and address production issues before expanding manufacturing volumes. Lessons learned from the early Midnight builds are being applied to the design and ramp-up of the high-volume manufacturing operation in Georgia. This creates a process through which manufacturing experience from early aircraft can be incorporated into later production activities.
Archer is also focusing its internal development efforts on key technologies, including electric and hybrid propulsion systems, flight control software and composites. For components that are not considered differentiating technologies, the company plans to use the existing aerospace supply base. This combination of internal development and external sourcing could help Archer concentrate manufacturing resources on critical aircraft technologies.
The production strategy is important as Archer works toward certification and early commercial deployments. The company is currently ramping up production capabilities across manufacturing and test facilities in California and Georgia. If the lessons from early builds can be effectively incorporated into the high-volume facility, the manufacturing approach could support a more structured transition from aircraft development to larger-scale production.
Companies Expanding Aerospace Production LinesThe growing need for scalable aerospace manufacturing is encouraging companies to expand production infrastructure and improve manufacturing processes. Northrop Grumman Corporation (NOC - Free Report) and L3Harris Technologies, Inc. (LHX - Free Report) are increasing manufacturing capabilities to support higher production requirements.
Northrop Grumman is expanding advanced manufacturing capacity designed to support development, testing, rapid prototyping and high-volume production across aerospace and defense programs.
L3Harris is expanding production facilities and manufacturing capabilities across aerospace and defense programs. Its production investments are designed to increase capacity and support the transition toward higher-rate manufacturing.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 52.38% and growth of 15.63%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 2.09X compared with the industry average of 5.62X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past six months, ACHR shares have risen 5.3% against the industry’s 6.6% fall.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Pentagon has spent years testing electric vertical takeoff and landing (eVTOL) aircraft, and two of the biggest beneficiaries have been Archer Aviation (ACHR -1.75%) and Joby Aviation (JOBY +0.32%). But if I'm looking for the eVTOL stock with the stronger defense opportunity today, I'm going with Archer. Let me explain.
Archer's contract with the U.S. Air Force's Agility Prime program is valued at up to $142 million. The company delivered its first Midnight aircraft to the Air Force in 2024 after receiving a military airworthiness assessment from the Department of Defense. The military has been evaluating Midnight for missions including personnel transport, logistics, medical evacuation, and intelligence and surveillance.
Premium Feature
Moneyball Superscore
57/100
Today's Change
(
-1.75
%) $
-0.10
Current Price
$
5.61
That said, Joby has also collected plenty of defense money. Its Air Force contract reached a potential value of $131 million, with plans to provide as many as nine aircraft. Joby has operated aircraft at Edwards Air Force Base and continues working with the Air Force on autonomous flight technology. So why give Archer the edge?
The Pentagon's priorities are changing Joby disclosed that the Department of Defense shifted the Agility Prime program toward hybrid aircraft and autonomous flight technologies in 2025 and reduced the scope of Joby's existing contract. Joby is responding by developing autonomous capabilities and pursuing additional government contracts, including work with L3Harris.The company also agreed to acquire defense contractor Resonant Sciences for approximately $500 million. Resonant already works on active national security programs and brings expertise in areas including advanced sensing, electronic warfare, communications, autonomous systems, and low-observability aircraft technology. It also generated more than $100 million in revenue over the previous 12 months.
Once that acquisition closes, Resonant will become Joby's dedicated defense business, giving it an established defense operation that can be combined with Joby's hybrid aircraft and autonomous-flight technology.Archer, meanwhile, has already built its defense strategy around that shift.
Premium Feature
Moneyball Superscore
66/100
Today's Change
(
0.32
%) $
0.02
Current Price
$
6.32
The company partnered with defense technology company Anduril to develop a new autonomous hybrid-electric VTOL platform. In July, the companies unveiled Thunder, a Group 5 autonomous aircraft designed specifically for military missions.
Image source: Getty Images.
Unlike Archer's all-electric Midnight air taxi, Thunder uses a hybrid-electric powertrain to provide greater range and endurance. It's also autonomous and designed to carry configurable payloads depending on the mission. Archer's defense ambitions are getting even bigger, too.
In August, Archer announced a deal to acquire Boeing's Insitu, Wisk Aero, and SkyGrid businesses. Insitu alone generates more than $200 million in annual revenue, while the three businesses would significantly expand Archer's aerospace, defense, and autonomous-flight capabilities. Of course, none of this means Archer is about to become the next Lockheed Martin.
The $142 million Air Force contract represents a maximum potential value, not guaranteed revenue, and Thunder is still a new platform that will have to prove itself. Joby shouldn't be counted out, either. Its relationship with the military goes back years, and its autonomous technology could produce additional defense contracts. But right now, Archer has the cleaner alignment with where Pentagon spending appears to be heading: autonomy, hybrid propulsion, longer range, and uncrewed military aircraft. And that gives Archer the edge in the battle for defense dollars.
Archer oznámil vypršení čekací lhůty podle HSR pro akvizici divizí Wisk Aero, SkyGrid a Insitu od Boeingu. Uzavření transakce stále čeká na další regulační schválení a má být dokončeno do konce roku 2026.
Archer Announces Expiration of Hart-Scott-Rodino Waiting Period for its Acquisition of Boeing's Wisk Aero, Insitu and SkyGrid Subsidiaries Archer Aviation Inc. (NYSE: ACHR) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), with respect to the previously announced agreements pursuant to which Archer will acquire Boeing’s Wisk Aero, SkyGrid and Insitu subsidiaries. The expiration of the HSR Act waiting period occurred at 11:59 p.m. EDT on September 18, 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260924915731/en/
The expiration of the HSR Act waiting period satisfies a key condition to closing the transaction. Completion of the transaction remains subject to the satisfaction or waiver of other customary closing conditions, including receipt of certain other regulatory approvals, which are underway. The transaction is expected to close by the end of 2026.
The transaction is set to create an end-to-end physical AI platform for aerospace and defense, combining Wisk, Insitu and SkyGrid’s pioneering autonomy, electric vertical take off and landing (eVTOL) aircraft, unmanned aircraft systems (UAS) and airspace intelligence technologies with Archer’s product suite and leading purpose-built AI foundation model, ZEE.
About Archer
Archer builds the aircraft and core technologies that will define the next era of flight for aerospace and defense.
Source: Archer Aviation
Archer’s Forward-Looking Statements and Disclaimers
This press release contains forward-looking statements regarding Archer's future business plans, expectations, and opportunities, including statements regarding the expected timing and structure of the transaction; the ability of the parties to complete the transaction; the expected benefits of the transaction, including future financial and operating results and strategic benefits; and plans, objectives, and anticipated benefits of acquisitions, strategic investments, partnerships, and collaborations with third parties. Forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors.
These forward-looking statements are based on Archer's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from Archer's current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (i) that one or more closing conditions to the transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, or may require conditions, limitations or restrictions in connection with such approvals; (ii) the risk that the transaction may not be completed on the terms or in the time frame expected by Archer, or at all; (iii) unexpected costs, charges or expenses resulting from the transaction; (iv) uncertainty of the expected financial performance of Archer following completion of the transaction; (v) failure to realize the anticipated benefits of the transaction, including as a result of delay in completing the transaction or integrating the businesses, on the expected timeframe or at all; (vi) the occurrence of any event that could give rise to termination of the transaction; (vii) the risk that stockholder litigation in connection with the transaction or other litigation, settlements or investigations may affect the timing or occurrence of the transaction or result in significant costs of defense, indemnification and liability; (viii) risks related to the disruption of management time from ongoing business operations due to the pendency of the transaction, or other effects of the pendency of the transaction on the relationship of any of the parties to the transaction with their employees, customers, suppliers or other counterparties; and (ix) other risk factors detailed from time to time in Archer's reports filed with the Securities and Exchange Commission (the "SEC"), including documents that will be filed with the SEC in connection with the transaction. Any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260924915731/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Archer Aviation rozšiřuje Launch Edition mimo USA a v SAE spolu s regulátory připravuje provoz Midnight i síť vertiportů. Cílí také na Evropu, Blízký východ, Afriku a Asii a Tichomoří.
Key Takeaways ACHR is using its Launch Edition program to pursue commercial air taxi markets beyond the United States.ACHR is working with UAE regulators and partners to develop Midnight operations and vertiport networks.ACHR is targeting international markets across Europe, the Middle East, Africa and Asia-Pacific. Archer Aviation Inc. (ACHR - Free Report) is expanding its commercialization strategy beyond the United States through its Launch Edition program. The company is offering aircraft, technologies and services to governments and customers in selected international markets, with the United Arab Emirates (“UAE”) leading the initiative. This approach could provide Archer with another pathway to introduce Midnight in overseas markets.
The UAE represents an important part of Archer’s international commercialization efforts. The company has been working with the country’s General Civil Aviation Authority to establish a regulatory pathway for commercial operations. Following hot-weather flight testing, Archer is preparing to deliver additional Midnight aircraft for initial passenger operations while working with strategic partners to develop a vertiport network across Abu Dhabi and the UAE.
Archer is also targeting a broader group of international markets as it prepares for commercial operations. The company says its progress toward commercial readiness is driving demand across Europe, the Middle East, Africa and Asia-Pacific. Its international strategy involves working with governments and customers, while planned air taxi networks are intended to connect major population and business centers with key transportation hubs.
The Launch Edition program could give Archer an opportunity to develop its international commercial presence alongside its U.S. operations. Establishing regulatory pathways, delivering aircraft and supporting vertiport networks across selected markets could help create multiple avenues for Midnight deployment. As Archer advances its international commercialization plans, overseas markets could become an additional source of future opportunities for the company.
Companies Expanding International eVTOL CommercializationThe development of eVTOL aircraft is also creating opportunities for companies pursuing commercial air mobility markets outside their home countries. Eve Holding, Inc. (EVEX - Free Report) and EHang Holdings (EH - Free Report) are developing eVTOL aircraft and pursuing commercial applications in international markets.
Eve Holding is developing its eVTOL aircraft and an air mobility ecosystem intended to support commercial operations across different markets.
EHang Holdings develops autonomous eVTOL aircraft for passenger transportation and other applications, providing another approach to commercializing electric vertical aviation internationally.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 52.38% and growth of 15.63%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 2.29X compared with the industry average of 5.67X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past three months, ACHR shares have risen 12.7% against the industry’s 8.9% fall.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation má podle článku lepší rozvahu než Joby Aviation. Přestože Joby drží více hotovosti, Archer má výrazně nižší dluh a vyšší podíl čistých aktiv na akcii.
The two primary electric vertical takeoff and landing (eVTOL) aircraft stocks are Archer Aviation (ACHR +2.38%) and Joby Aviation (JOBY +1.27%). They're locked in a tight -- and unfriendly -- race to receive FAA certification for their eVTOL designs.
There's no way to know which company will receive its certification first, or at all. Until then, we have to rely on their quarterly financial reports to determine which one is in better shape.
So, does Archer or Joby have the best balance sheet right now? It was a close contest, but one company won out in the end.
Image source: Joby Aviation.
Joby has plenty of cash plus some new debt One notable feature of Joby's cash hoard is how much it's increased over the last six months. As of Dec. 31, Joby had $240.8 million in cash and cash equivalents on its balance sheet, and $1.2 billion in short-term investments, for a total of $1.4 billion. As of the end of the second quarter, Joby had more than doubled its cash position to $629.9 million and had grown its short-term investments to $1.6 billion, for a total of $2.3 billion. That's an increase of about $850 million, or 60.8%.
That number becomes a bit less impressive when you consider the company's long-term debt. As of the end of 2025, Joby had no long-term debt on its balance sheet, an impressive position for a young start-up in a resource-intensive industry. But it couldn't last. Joby is now carrying $701.9 million in long-term debt.
It's worth noting that the increase in Joby's cash and short-term investments so far in 2026 is higher than its increase in long-term debt. In fact, if Joby really wanted to, it could completely pay off all of its long-term debt with cash and equivalents, and still have money left over. Of course, it probably won't, but the fact that it could is a positive sign.
Premium Feature
Moneyball Superscore
67/100
Today's Change
(
1.27
%) $
0.08
Current Price
$
6.39
Archer has lower debt but fewer current assets At first glance, Archer's financial picture looks superior to Joby's. Archer is carrying a total debt load of just $80.1 million, which is much lower than Joby's $701.9 million.
But Archer also has less cash on hand than Joby. At the end of Q2, Archer had $852.7 million in cash and equivalents on its balance sheet, and $707.9 million in short-term investments, for a total of $1.6 billion.
Interestingly, if you subtract both companies' debt from their cash and short-term investment hoards, the numbers are nearly identical: $1.52 billion for Archer and $1.56 billion for Joby. Let's compare the rest of the balance sheets to find the winner.
Image source: Archer Aviation.
Similar companies, similar balance sheets The rest of the companies' balance sheets -- surprise! -- are also pretty similar.
Both companies' assets include property and equipment, restricted cash, "right-of-use" assets for their aircraft, "intangible assets," and "goodwill," none of which are easily transferable or sellable in the event of a financial crisis. Joby values these assets at $374.5 million in total. Archer's add up to a much higher $552.8 million, largely due to its higher property and equipment assets, which include the Hawthorne Airport in Los Angeles, which it acquired last year for $126 million.
But it's the final part of the balance sheet that gives us our winner. At the bottom of the sheets are the calculations of shareholders' equity (total assets minus total liabilities). These, too, are similar: $1.8 billion for Joby and $1.9 billion for Archer. But there's a catch.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
2.38
%) $
0.13
Current Price
$
5.58
Joby currently has more outstanding shares of stock: 986.5 million to Archer's 770 million. Its market cap is also much higher: $6.4 billion to Archer's $4.3 billion. And despite its recent stock price slide, its per-share price is higher, too: $6.45 per share to Archer's $5.55 per share. But its total shareholders' equity is a bit lower. That means each share of Joby stock is backed by fewer net assets than each share of Archer's stock.
So, all things considered, Archer Aviation has the better balance sheet... at least, for now.
That similarity may not last Both Archer and Joby have recently announced major acquisitions that may have a substantial impact on their balance sheets and share counts in the future.
Joby plans to buy defense technology company Resonant Sciences for $450 million in cash and $50 million in stock. The deal, expected to close next year, would give Joby access to additional defense-related technologies and about 1 million square feet of manufacturing space in Dayton, Ohio.
Meanwhile, Archer has agreed to acquire three Boeing subsidiaries -- eVTOL business Wisk Aero, drone maker Insitu, and airspace services company SkyGrid -- in exchange for shares representing 19.75% of Archer's outstanding Class A stock.
Resonant Sciences reported more than $100 million in revenue over the past year, while Insitu brings in $200 million in annual sales. Given the potential impact these acquisitions may have on the businesses and their share counts, Archer's and Joby's balance sheets could look very different a year from now.
That said, investors should also remember that neither Archer nor Joby has received FAA approval to operate their eVTOLs commercially. If one or both companies receive that authorization and begin operating commercially, their financial pictures (including their balance sheets) will change dramatically. So while Archer Aviation's balance sheet may be our current winner, there's no guarantee that its stock will outperform Joby's in the long run.
Archer Aviation je dál v závěrečné fázi certifikace FAA pro letoun Midnight, ale trh už podle článku více oceňuje brzy přicházející tržby než samotný postup.
Archer Aviation (ACHR +2.38%) stock peaked at $14.62 last October. A $10,000 investment at that price bought about 684 shares. At about $5.61 as of this writing, those shares are worth about $3,840 -- a decline of about 62% in less than a year.
The business didn't shrink over that stretch. The air taxi maker's flight testing expanded, and its certification work with the Federal Aviation Administration (FAA) reached the final phase of what Archer describes as the FAA's four-phase process.
What fell is the price the market puts on waiting for revenue.
What gets a position like that back to even? Three things could do it: the type certificate that would approve the design of Midnight, Archer's electric aircraft, the first fare revenue, and airline orders turning into deliveries.
But these three aren't equally close.
Image source: Archer Aviation.
The old high now means a bigger companyGetting back to $14.62 would mean a climb of about 160% from here. And the target keeps moving, because Archer pays for its progress with stock.
The company had about 549 million shares outstanding in May of last year, about 651 million around the time of the peak, and about 770 million as of early August -- 18% more than at the high. At the peak, the whole business was valued near $9.5 billion. And at the current count, $14.62 per share implies a company worth more than $11 billion. In other words, the old share price now requires a bigger company.
More shares are likely coming, too. Archer agreed in August to acquire three businesses from Boeing, including Insitu, a drone maker with more than $200 million in annual revenue. Boeing is taking an equity stake as part of the deal, which is expected to close by year-end.
In Archer's second-quarter letter to shareholders, CEO Adam Goldstein wrote that integrating the businesses "will not structurally increase our overall cash burn."
However, the loss Archer guides on has been widening. Its adjusted EBITDA loss (a non-GAAP measure that excludes stock-based compensation, among other costs) was $118.7 million in the year-ago quarter, reached $177.1 million in the second quarter, and could hit $200 million in the third, based on management's guidance. The company's cash and short-term investments totaled about $1.6 billion when the second quarter closed. Losses like that help explain the growing share count.
Which milestone moves the stock?Certification progress alone hasn't moved the stock much this year. Archer said in May that Midnight had closed out the FAA's Phase 3, making it the first electric vertical takeoff and landing aircraft to get that far. The stock ended that week lower than it started.
Progress like that, it seems, is already priced in.
But the response to revenue has been different. In August, the month Archer announced the Boeing deal and the annual revenue expected to come with it, the stock rose about 25%. I think the market pays for revenue arriving, not for process advancing.
Still, the certificate is the condition the biggest money waits on. United Airlines' (UAL +3.13%) aircraft order can't convert without it, and routine commercial service in the U.S. needs the FAA's sign-off.
Order conversion comes lastThe first fare may be the nearest of the three. In March, Archer said it was targeting passenger-carrying flights in 2026, and it plans to begin operating later this year under a federal pilot program, even as certification work continues. Its current revenue ($5 million last quarter) comes primarily from operating Hawthorne Airport in Los Angeles, not from fares.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
2.38
%) $
0.13
Current Price
$
5.58
The certificate's timing is less clear. Phase 4, the formal testing that ends in a type certificate, is underway, though management hasn't put a date on the finish.
Order conversion sits furthest out. United's agreement is a conditional purchase order for up to 200 aircraft worth up to $1 billion, plus an option for another $500 million. Not only is the order conditioned on certification, among other things, but converting it also requires production at scale. And of that potential $1.5 billion, Archer has collected a $10 million pre-delivery payment.
Conversion is also the only condition sized to the full climb. A company worth more than $11 billion probably needs aircraft revenue, not airport revenue.
Ultimately, the way back to $14.62 runs through all three conditions, and the one big enough to finish the job comes last. For investors who bought near the high and still hold, those three milestones matter more than the old price.
As for new money, I wouldn't buy shares here. A 62% discount to the old high arguably isn't compelling enough on its own. I'd rather wait for the certificate before even considering buying.
Archer Aviation má po propadu z 52týdenního maxima o zhruba 62 % cenu kolem 5,50 USD, ale zůstává vysoce rizikovou sázkou. Ve 2. čtvrtletí vykázala tržby jen 5 milionů USD a upravenou ztrátu EBITDA 177,1 milionu USD.
Archer Aviation (ACHR +2.38%) is one of the biggest names in the fledgling market for electric vertical take-off and landing (eVTOL) aircraft. It and peer Joby Aviation are the leading U.S.-based players in the space, and could be positioned to score big wins if category demand takes flight.
While Archer's share price climbed as high as $14.62 in October 2025, it has since slumped back to the $5.50 range where it traded in late 2024, down roughly 62% from its 52-week high. After that steep sell-off, is the stock a worthwhile buy?
Image source: Getty Images.
Archer stock remains a high-risk, high-potential-reward play As of this writing, Archer Aviation has a market capitalization of roughly $4.2 billion. However, it generated just $5 million in revenue in the second quarter. It also recorded a non-GAAP earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of $177.1 million in the quarter, and management is guiding for an adjusted EBITDA loss of between $120 million and $170 million in the current quarter.
The good news is that Archer looks poised for a significant sales boost in the near future. The company is set to acquire Insitu from Boeing, and that defense-focused drone hardware and software business is generating roughly $200 million in annual sales. It's also recording profits. Along with Insitu, Archer is also acquiring two other Boeing subsidiaries: eVTOL specialist Wisk Aero and air-traffic management software specialist SkyGrid.
Archer will pay for those acquisitions in stock. With the eVTOL specialist set to give Boeing a 16.5% stake in itself through newly created shares, current shareholders are looking at a large amount of stock dilution.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
2.38
%) $
0.13
Current Price
$
5.58
While the company ended the second quarter with roughly $1.56 billion in cash and equivalents on its books, its rate of cash burn makes it likely that Archer will continue to issue new shares in order to fund its operations. The company is still in the early stages of scaling up the manufacturing of its Midnight eVTOL, and research and development (R&D) spending will likely continue to be substantial due to the competitive nature of nascent markets.
While Insitu is posting net profits, Archer will still be recording substantial losses following the integration of the unit -- and investors should understand that they are likely to see substantial stock dilution over the next five years. Archer's Midnight eVTOL remains behind Joby's comparable air taxi in terms of aviation certifications, and achieving positive gross margins on its signature aircraft within the next half-decade is probably out of the question unless production through its partnership with Stellantis scales up rapidly.
On the other hand, Archer's investment and tech-sharing partnership with Boeing and its manufacturing partnership with Stellantis have strengthened the company's foundations, and its partnership with Anduril on hybrid VTOL aircraft for moving freight in defense and commercial applications has improved its growth outlook. Archer stock remains a risky bet given the uncertain economics of untested models and technologies, but the company's position in next-generation autonomous aviation tech could make it a worthwhile buy for investors with a high tolerance for risk.
Archer Aviation za poslední měsíc od poslední výsledkové zprávy klesla o 14,1 %. Ve 2. čtvrtletí 2026 vykázala ztrátu 25 centů na akcii, v souladu s odhady, a výnosy 5 milionů USD, nad odhady.
It has been about a month since the last earnings report for Archer Aviation Inc. (ACHR - Free Report) . Shares have lost about 14.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Archer Aviation due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Archer Aviation Inc. before we dive into how investors and analysts have reacted as of late.
Archer Aviation Inc. posted a second-quarter 2026 loss of 25 cents per share, in line with the Zacks Consensus Estimate of a loss of 25 cents.
ACHR’s RevenuesRevenues were $5 million versus the Zacks Consensus Estimate of $2.0 million, representing a 156% beat, as the company remained in the pre-commercial stage. The increase was driven mainly by expanded operations at the Hawthorne Airport in Los Angeles.
Even so, Archer highlighted continued progress toward commercial operations, including piloted city-to-city Midnight flights and preparations for operations later this year under the eVTOL Integration Pilot Program.
Highlights of the ReleaseDuring the quarter, ACHR continued to focus on the regulatory and operational work needed to bring its Midnight electric vertical takeoff and landing aircraft to market. The company also advanced its broader aerospace and defense strategy through agreements to acquire Boeing’s Wisk Aero, Insitu and SkyGrid businesses.
The company also expanded its autonomous aircraft initiatives. Archer and Anduril unveiled Halo and Thunder, commercial and defense variants of a jointly developed autonomous hybrid VTOL platform. Archer also introduced ZEE, an AI foundation model designed specifically for aviation.
Archer is also preparing for initial Midnight operations later this year. During the quarter, the company completed piloted city-to-city flights as it continued to advance its aircraft testing and commercial readiness efforts.
ACHR Spending Rises as R&D and G&A ClimbCosts continued to rise as Archer invested heavily in certification, engineering, flight testing and commercialization efforts. Research and development expenses increased to $186.0 million from $122.4 million a year earlier, while general and administrative expenses rose to $93.9 million from $53.7 million. Total operating expenses increased to $284.2 million, reflecting continued investment in Midnight, hybrid aircraft development and the company’s ZEE AI platform.
Archer Maintains Strong Liquidity Despite Cash BurnLiquidity remained a key investor focus given Archer’s high development spending. The company ended the quarter with $1.56 billion in cash, cash equivalents and short-term investments, along with $7.3 million in restricted cash.
Cash used in operating activities was $156.4 million during the quarter. Archer also invested $37.1 million in property and equipment, while spending another $25 million to acquire the fixed-base operator business at Hawthorne Airport.
ACHR Guides for Another Heavy EBITDA Loss in Q3ACHR expects an adjusted EBITDA loss of $170 million to $200 million in the third quarter of 2026. Management expects continued spending on flight testing, certification, production activities, hybrid aircraft development and other growth initiatives to keep expenses elevated.
How Have Estimates Been Moving Since Then?It turns out, estimates revision flatlined during the past month.
VGM ScoresAt this time, Archer Aviation has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock has a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Archer Aviation has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Archer Aviation v srpnu vzrostla o 24,6 % po zprávě o dohodě na koupi tří dceřiných firem Boeingu. Insitu už je zisková a roční tržby dosahují zhruba 200 milionů USD.
Archer Aviation (ACHR -0.87%) stock had a big month in August. The company's share price gained 24.6% across the stretch, according to data from S&P Global Market Intelligence. The S&P 500 gained 2.6% in the month, and the Nasdaq Composite rose 3.9%.
In addition to the bullish backdrop for the broader market, Acher's valuation got a big boost following news that the company had entered into a deal to purchase three subsidiaries from Boeing. Despite the big pop, Archer stock is still down roughly 24% year to date.
Image source: Getty Images.
Archer stock surged on Boeing deal news On Aug. 10, Archer Aviation published a press release announcing that it had entered into an agreement to purchase Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries.
Wisk is a longtime player in the eVTOL space and has logged more than 1,700 test flights. SkyGrid provides air-traffic management solutions and develops autonomous flight technologies. Insitu is a designer and manufacturer of drones and also provides related software and services. In exchange for these three businesses, Boeing will receive a large stake in Archer. The deal will be facilitated with the creation of newly created stock, and Boeing will own a 16.5% stake in Archer following the completion of the transaction.
Notably, the press release states that Insitu is already profitable and generating roughly $200 million in annual sales -- so the integration of the unit should immediately have a big impact on Archer's sales profile and an accretive impact on margins.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
-0.87
%) $
-0.05
Current Price
$
5.71
What's next for Archer? Archer stock has seen a modest pullback early in September's trading. The company's share price is down roughly 1.2% in the month amid some volatility for the broader market connected to concerns about inflation and the bond market.
With Archer using newly issued shares to fund its acquisitions from Boeing, investors are looking at a high level of stock dilution on the horizon. On the other hand, the deal still appears to be a promising development for long-term Archer shareholders. Boeing is a great partner to have in the aerospace and defense industry, and the deal creates opportunities along multiple lines.
Along with providing Archer with three new units that create sales and earnings opportunities, Wisk, SkyGrid, and Insitu will likely have meaningful synergies with the company's eVTOL and VTOL projects and autonomous aviation capabilities. The acquired businesses will also likely provide valuable data for the company's AI-powered ZEE foundation model for aviation, autonomous navigation, and related applications.
Archer is a volatile stock and could face outsized pressures if the market becomes more risk-averse in response to macroeconomic pressures, but the deal with Boeing has seemingly made the company stronger and given it more ways to grow.
Archer Aviation vykázala ve 2. čtvrtletí tržby 5 milionů USD, ale žádné z nich nepocházely z přepravy cestujících. Firma stále cílí na první placené lety s cestujícími v USA před rokem 2028.
With shares down 61% from its 52-week high, it's a good time to look at Archer Aviation (ACHR -0.87%) stock. And here's an interesting angle: Its second-quarter revenue was $5 million, and none of it came from carrying passengers. Most of it came from fueling, ground handling, and leasing space at Hawthorne Airport in Los Angeles, which Archer operates. A year earlier, revenue was zero.
In other words, a market value of about $4.4 billion rests on an air taxi service that hasn't started.
My prediction: Midnight -- Archer's electric vertical takeoff and landing (eVTOL) aircraft -- carries its first paying passenger in the United States before 2028.
Image source: Archer Aviation.
Certification is in its final phaseArcher describes the FAA's route to a type certificate as a four-phase process, and it says it's now in the last one. The company announced in May that it had become the first eVTOL maker to close Phase 3. Phase 4 is where compliance with the FAA's airworthiness requirements gets demonstrated through formal testing. It's the step that ends with a type certificate.
And in July, a piloted Midnight flew a round trip between Salinas Municipal Airport and Monterey Regional Airport, each leg taking about nine minutes -- the company's first intercity flights in California.
Archer was also selected as an air taxi partner in three winning applications covering eight states under the White House's eVTOL Integration Pilot Program (eIPP).
"[W]e plan to begin flying in the Los Angeles area based out of Hawthorne Airport, and subsequently commence operations under the White House's eIPP later this year in Texas," CEO Adam Goldstein said in the company's second-quarter shareholder letter.
There's a hard date, too. Archer is the Official Air Taxi Provider of the LA28 Olympic Games in the summer of 2028, a role that would be hard to fill without passenger service running by then.
Can the money reach the date?The bigger threat to the date is money. Archer's net loss was $263.2 million in the second quarter, up about 28% year over year and up from $217.7 million in the first quarter. Management guided to a third-quarter adjusted EBITDA loss of $170 million to $200 million, after a $177.1 million loss on that basis in the second quarter. (Adjusted EBITDA, the profit measure Archer guides on, excludes items such as stock-based compensation.) The losses are widening as flight testing, certification work, and production spending all ramp.
The balance sheet can absorb it for a while. Archer ended June with about $1.6 billion of cash and short-term investments, down about $215 million for the quarter. At that pace of cash use, the money covers about seven more quarters. That clock runs into 2028.
Of course, Archer also agreed in August to buy three subsidiaries from Boeing, paying in stock and warrants, with closing expected by year-end. Integration is rarely free, and more stock sales seem likely.
But I don't think the prediction hinges on raising more money -- the cash already on hand can carry Archer to a first paying flight.
The UAE could come firstNotably, the first fare may not be American. In May, the United Arab Emirates' aviation regulator moved Midnight into a Restricted Type Certificate program, a streamlined path that allows limited commercial operations there. Service is planned in Abu Dhabi, so Archer's first paying passenger anywhere could board overseas, possibly before the FAA finishes its work.
That's why the call is scoped to the United States. After all, a fare in Abu Dhabi would validate the aircraft. But the U.S. path runs through the FAA, and the home market is the one the investment case rests on.
The honest risk is the schedule. Archer said with its fourth-quarter report that it was targeting its first passenger-carrying flights in 2026, and a target is not a schedule -- Archer still has to fly the tests, and the FAA has to sign off.
Premium Feature
Moneyball Superscore
59/100
Today's Change
(
-0.87
%) $
-0.05
Current Price
$
5.71
But the call doesn't need 2026 to hold. Between management's late-2026 plans and the end of 2027 sits a year of slack.
So, will a paying passenger board a Midnight in the U.S. before 2028? I think so. Archer says it closed Phase 3 of the FAA's process before any other eVTOL company. The pilot program gives it somewhere to fly this year, and the balance sheet reaches the date without help.
The prediction and the stock are different bets, though. At about $4.4 billion, Archer is still valued on what the service could become, and the losses are widening while shareholders wait.
I'd want to see what a paying route earns before buying shares.
Archer spustil víceměstské letové turné No Roads po více než 70 testovacích letech v srpnu. Cílem je ověřit Midnight na více trasách a letištích před plánovanou osobní dopravou.
Key Takeaways Archer launched its No Roads tour after completing more than 70 test flights in August.The tour will test Midnight across multiple routes, airports and operating environments with FAA coordination.Archer plans to use the campaign to prepare for eIPP flights, LA28 and planned passenger services. Archer Aviation Inc. (ACHR - Free Report) is expanding its real-world flight activity as it moves closer to planned air taxi operations. On Sept. 3, 2026, Archer launched its No Roads flight tour, a multi-city campaign beginning in Northern California and expected to extend to Los Angeles, Texas and Florida. The initiative follows more than 70 test flights completed in August and a recent piloted roundtrip between Salinas and Monterey, CA.
The tour is designed to take the Midnight aircraft across a broader set of locations. Planned destinations include Hollister, Monterey, San Martin, San Jose, Oakland and San Francisco, CA, with flights being coordinated with the Federal Aviation Administration. Operating across multiple locations could provide Archer with additional experience in handling different routes, airports and operating environments before broader passenger operations begin.
The higher flight tempo could also offer another test of Midnight’s ability to support repeated operations. Archer designed the aircraft for high-frequency, short-distance trips with limited charging time between flights. Its flight-test campaign is also gathering safety-critical information to support certification. Increasing flight activity across multiple routes should help Archer evaluate aircraft performance as it prepares for early operations.
For Archer, the flight tour could represent another step in the transition from aircraft development toward operational execution. The company plans to use the campaign to support preparations for flights under the eVTOL Integration Pilot Program and its role at the LA28 Games. Successful execution across several markets could strengthen Archer’s operating readiness ahead of planned passenger services.
Other eVTOL Makers Expanding Flight-Test ActivityThe electric air mobility industry is moving deeper into flight testing as developers work toward certification and commercial deployment. Companies like Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) are also expanding flight programs to validate aircraft performance and prepare for future operations.
Joby Aviation has flown its first FAA-conforming aircraft and conducted piloted flights across the San Francisco Bay Area as it prepares for early eVTOL Integration Pilot Program (“eIPP”) operations.
Eve Holding has advanced its full-scale prototype into flight testing, completing dozens of flights while preparing for transition-flight evaluation and further certification work.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 52.38% and growth of 15.63%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 2.3X compared with the industry average of 5.89X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past three months, ACHR shares have declined 0.3% compared with the industry’s 1.7% fall.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation spouští v Severní Kalifornii letecké turné „No Roads“ a rozšiřuje testy letu z města do města. Program má podpořit přípravu na hry LA28 a pilotní program integrace eVTOL (eIPP) Bílého domu.
Archer Launches 'No Roads' Flight Tour As Part Of Its Participation In White House's Air Taxi Pilot Program and Preparation for LA28 Games Archer Aviation Inc. (NYSE: ACHR) today announced the launch of its ‘No Roads’ flight tour, expanding its city-to-city flight test program across the United States. In close coordination with the FAA, Archer’s flight tour will begin with a series of city-to-city flights in Northern California.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260903886113/en/
Archer launches its ‘No Roads’ flight tour, expanding its city-to-city flight test program across the United States, starting in Northern California.
The first flight will head to Hollister, with additional flights planned in Monterey, San Martin, San Jose, Oakland, and San Francisco shortly after. The tour follows more than 70 completed test flights in August alone and Midnight’s recent piloted roundtrip journey from Salinas Municipal Airport and Monterey Regional Airport.
These Northern California flights will pave the way for Archer to begin flying Midnight in the Los Angeles area, as well as Texas and Florida — advancing Archer’s operational readiness for its role as the Official Air Taxi Provider of the LA28 Games and as a participant in the White House's eVTOL Integration Pilot Program (eIPP).
Featuring city-to-city routes that can take an hour or more by car, but just 10–20 minutes in Midnight, Archer’s “No Roads” Tour will showcase the benefits air taxis will bring to local communities: low noise, zero operating emissions, and the ability to skip over traffic.
“I’ve talked a lot about the ‘Waymo Moment for air taxis’— the chance for us to get communities more comfortable with this tech. This is the beginning of that story and our biggest step yet toward making air taxis an everyday reality in cities across America. The ‘No Roads’ Tour is how we bring that narrative to life while also preparing for what’s next: flights in multiple states under the White House’s pilot program, and the first Midnight flights in Los Angeles ahead of LA28,” said Adam Goldstein, Founder and CEO of Archer.
On the tour, Archer plans to unveil charging locations across multiple states as part of its ACES (America’s Consortium for Electric Skyways) program with BETA Technologies and Macquarie Capital. The ACES consortium and its interoperable approach are key to expanding the electric aviation infrastructure needed to support the White House’s eIPP and scale air taxi operations nationwide.
Archer’s goal with its Midnight aircraft is to transform urban travel, replacing 60–90 minute commutes with quiet, all-electric flights that dramatically reduce travel times compared to traditional ground transportation. Archer’s all-electric Midnight air taxi is a piloted, four-passenger aircraft designed for rapid back-to-back flights with zero operating emissions.
About Archer
Archer builds the aircraft and technologies that will define the next era of flight for aerospace and defense.
Source: Archer Aviation
Text: ArcherIR
Archer Forward-Looking Statements
This press release contains forward-looking statements regarding Archer’s future business plans, expectations, and opportunities. These statements include those regarding design, target specifications and use cases of its aircraft; timing of Archer’s development and commercialization of its aircraft; plans relating to its flight test program, demonstration flights, including the timing and locations of its 'No Roads' Tour, infrastructure buildout and operations under the eIPP; plans relating to the LA28 Games; development of its planned lines of business and opportunities; and anticipated benefits of collaborations with third parties. Forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings made with the Securities and Exchange Commission from time to time, available at investors.archer.com and at www.sec.gov. Any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260903886113/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Archer Aviation rozšiřuje síť vertiportů pro plánovaná air taxi, včetně projektu v L.A. LIVE v centru Los Angeles. Současně připravuje infrastrukturu i provozní postupy pro Midnight v Texasu, na Floridě a v New Yorku.
Key Takeaways ACHR's L.A. LIVE vertiport adds a key location to its planned air taxi network.ACHR is preparing infrastructure and operating procedures for Midnight in Texas, Florida and New York.ACHR is developing vertiports alongside its aircraft and operating capabilities for future passenger services. Archer Aviation Inc. (ACHR - Free Report) is expanding the infrastructure needed to support its planned air taxi operations as it moves closer to commercial deployment. In August 2026, Archer announced a partnership with AEG to develop a vertiport at L.A. LIVE in downtown Los Angeles. The planned site would become the first announced vertiport in downtown Los Angeles and add another location to Archer's planned air taxi network.
The L.A. LIVE project strengthens Archer's broader approach of building an interconnected network rather than operating isolated air taxi routes. The company plans to use strategically located vertiports to connect passengers with major destinations and transportation hubs across metropolitan areas. The L.A. LIVE location would provide access to a major sports and entertainment district while supporting Archer's preparations for the LA28 Games.
Archer is also working with partners in other markets to establish the infrastructure required for early operations. Under the eVTOL Integration Pilot Program, the company is working with partners in Texas, Florida and New York to prepare local operating teams, infrastructure and procedures for Midnight operations. This expands Archer's focus from aircraft certification toward the practical requirements of operating an air taxi network.
A growing network of vertiports could become an important part of Archer's commercialization strategy. By developing infrastructure alongside its aircraft and operating capabilities, the company is building the physical foundation needed to support passenger operations and potentially expand air taxi services across multiple markets.
Companies Expanding Air Taxi InfrastructureThe development of electric air mobility is creating demand for infrastructure that can support eVTOL operations across cities and transportation networks. Companies like Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) are also working toward commercial air taxi operations and the infrastructure required to support future services.
Joby Aviation is developing air taxi networks and working with infrastructure partners to support future eVTOL operations.
Eve Holding is developing its eVTOL aircraft alongside plans for the operational ecosystem needed to support future urban air mobility services.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 52.38% and growth of 15.63%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 2.32X compared with the industry average of 6.07X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past month, ACHR shares have rallied 19.4% against the industry’s 5.2% decline.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Joby je podle článku v závodě o certifikaci FAA mírně napřed, protože už provedla první let s eVTOL v souladu s požadavky FAA a má pět svých elektrických air taxi ve vzduchu. Klíčové bude dotáhnout 100% for-credit testování.
The race for Federal Aviation Administration (FAA) certification won't determine the long-term winner, because Joby Aviation (JOBY -0.66%) and Archer Aviation (ACHR +3.45%) have vastly different business models that will evolve. However, achieving FAA certification will immediately de-risk the stocks and change the investment narrative from "burning cash in risky development" to "investing cash to scale growth" for both companies. Certification matters, and here's what to look out for in the process.
The key number to look out for Given that the FAA won't make a certification decision until each company's electric vertical take-off and landing (eVTOL) aircraft has completed aircraft-level "for credit" testing, investors should look for each company to complete this process 100%. This is the process by which FAA pilots conduct or witness extensive test flights of an eVTOL under a Type Inspection Authorization (TIA). Before achieving TIA, companies must build an FAA-conforming eVTOL and test it with their own pilots.
Today's Change
(
-0.66
%) $
-0.05
Current Price
$
7.53
If you are wondering who is ahead, Joby is generally considered ahead because it conducted its first FAA-conforming eVTOL flight in early March. Moreover, CEO JoeBen Bevirt outlined that "We now have five of our electric air taxis in the air, including our first FAA-conforming aircraft" on the recent earnings call.
In comparison, Archer's management has not said it has produced an FAA-conforming aircraft. Still, CEO Adam Goldstein did say, "We're actively working with the FAA on for-credit testing this year." That said, readers should note that this could refer to component-level rather than aircraft-level testing of an FAA-conforming aircraft.
Whichever way you take it, Joby is slightly ahead.
Image source: Joby Aviation.
Why FAA certification matters more to Archer Joby's focus is on becoming a vertically integrated transportation-as-a-service (TaaS) company that builds, owns, and operates its eVTOLs, and Archer's focus is on being an original equipment manufacturer (OEM). While the distinction is somewhat blurred (Joby will also sell some aircraft, and Archer has some TaaS plans of its own, such as becoming an airport shuttle service), it helps explain why early FAA certification is arguably more of a game changer for Archer. Simply put, Archer is likely to generate more upfront revenue and cash flow from OEM sales. In contrast, Joby's business model entails building a TaaS network before it receives significant recurring revenue from ride services.
Today's Change
(
3.45
%) $
0.21
Current Price
$
6.30
What investors should look for in both companies For Joby, the key milestone to follow as it moves toward 100% credit testing is achieving FAA TIA, which will allow final testing to begin. For Archer, it's building its FAA-conforming eVTOL and having its pilots fly it. Joby looks likely to achieve FAA certification first (though the situation is highly dynamic), but arguably, certification will unlock more value for Archer Aviation. Winning the race is important, but think of it as the first leg in a relay race rather than a one-off sprint.
Archer Aviation oznámila dohodu o koupi byznysů Wisk Aero, Insitu a SkyGrid od Boeingu výměnou za podíl ve společnosti Boeing. Insitu sama generuje přes 200 milionů USD ročních tržeb.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Archer Aviation (NYSE: ACHR | ACHR Price Prediction) announced on August 10 it would acquire Boeing’s Wisk Aero, Insitu, and SkyGrid businesses in exchange for a strategic Boeing equity stake. Insitu alone generates more than $200 million in annual revenue, an order of magnitude jump from Archer’s $5 million in Q2 2026 revenue.
Our 24/7 Wall St. price target for Archer is $11.63, implying 93.48% upside from the current $6.07 quote. That earns a buy with medium confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $6.07 24/7 Wall St. Price Target $11.63 Upside 93.48% Recommendation BUY Confidence Level 50% Boeing Deal Reframes an Otherwise Ugly Quarter Archer shares are down 14.23% year to date and 30.57% over the past year, but the stock is up 21.47% in the last month since mid-July.
Q2 was mixed: revenue of $5 million beat the $1.96 million consensus by 154.62%, GAAP EPS of -$0.34 missed the -$0.2506 estimate. Net loss widened to $263.20 million, and liquidity closed at $1.56 billion. The Boeing announcement is driving sentiment.
Why Bulls See a Breakout Ahead The bull case rests on Archer transforming from a pre-revenue eVTOL developer into an end-to-end physical AI platform for aerospace and defense. CEO Adam Goldstein called the Boeing deal an “important inflection point” and told analysts Insitu is a “profitable business generating more than 200 million of revenue a year” that should contribute positive free cash flow after closing.
Halo Thunder, developed with Anduril, addresses what management pegs as a $100 billion-plus total addressable market, aligned with the Pentagon’s $53.6 billion FY2027 autonomous systems budget. If the base case plays out, our bull-scenario price rises to $14.60 within twelve months.
What Could Go Wrong Archer burned $177.10 million in adjusted EBITDA losses in Q2, with Q3 guided to another $170 million to $200 million loss. Capex jumped 268% year over year to $69.70 million, and liquidity slipped from roughly $1.80 billion in Q1.
The Boeing transaction remains subject to regulatory approval, and integrating three businesses carries execution risk. Management has committed to keeping cash burn “relatively flat from where it stands today” post-close, with Insitu’s cash flow offsetting Midnight investment. Bear-case price: $9.30.
How Archer Compares to Joby and AeroVironment Joby Aviation (NYSE: JOBY) is the direct eVTOL comparable. Joby carries a $7.41 billion market cap versus Archer’s $4.64 billion, despite guiding to only $115 to $125 million in 2026 revenue, most from its Blade subsidiary. On a market-cap-to-forward-revenue basis, Joby trades richer than Archer would even after Insitu closes, making our $11.63 target reasonable rather than aggressive.
AeroVironment (NASDAQ: AVAV) is the right defense-drone benchmark for what Insitu could become inside Archer. AeroVironment guided fiscal 2027 revenue to $2.13 billion to $2.23 billion with non-GAAP EPS of $3.02 to $3.34, backed by record bookings of $2.7 billion. That is the profitability arc bulls want Archer to walk. AeroVironment’s $8.04 billion market cap suggests real upside if Archer can prove Insitu scales similarly.
Our Take at Current Levels Our 24/7 Wall St. price target is $11.63 with a buy rating and 50% confidence. Insitu instantly converts Archer from a story stock into a company with a real revenue base and defense exposure aligned to a rising Pentagon drone budget.
The setup rewards investors who can tolerate a 3.21 beta and view a year-end Boeing deal close as the base case. Risk skews the other way if regulatory approval slips into 2027 or if Q3 cash burn exceeds the $200 million high end of guidance.
Year 24/7 Wall St. Price Target 2026 $11.63 2027 $19.56 2028 $26.68 2029 $32.28 2030 $36.38 These projections assume Archer closes the Boeing deal on schedule, achieves FAA type certification for Midnight, and scales Halo Thunder deliveries through 2029. Significant upside or downside could result from Pentagon procurement decisions on autonomous VTOL platforms or delays in commercial eIPP operations.
Contact [email protected] for any questions or corrections.
Archer Aviation rozšiřuje portfolio o Halo, komerční variantu autonomní VTOL platformy sdílející s Thunder stejný rám, hybridní pohon i klíčové systémy. Firma tím chce využít stejnou technologii pro civilní i obranné použití.
Key Takeaways ACHR's Halo and Thunder share the same airframe, hybrid powertrain and core systems.ACHR leverages eight years of eVTOL expertise in aircraft design, powertrain engineering and manufacturing.ACHR's Halo supports commercial applications while expanding the use of its aircraft technology. Archer Aviation Inc. (ACHR - Free Report) is broadening its aircraft portfolio with Halo, a commercial variant of a jointly developed autonomous VTOL platform with Anduril Industries. In July 2026, Archer Aviation unveiled Halo at the Farnborough International Airshow, positioning the platform to serve commercial applications alongside its defense-oriented Thunder variant. The dual-use approach allows Archer Aviation to leverage technologies developed through its existing aircraft program across multiple applications.
Halo and Thunder share the same airframe, hybrid powertrain and core systems, with configurable payloads based on mission requirements. The platform uses a series hybrid-electric powertrain and dual tiltrotors designed to improve efficiency across different flight conditions. It can also be transported using standard shipping containers by air, road, rail or sea, providing flexibility for deployment across different locations.
The platform builds on eight years of Archer Aviation's eVTOL development and flight-testing experience, including work in aircraft design, powertrain engineering and manufacturing. Its design is also intended to support low-cost, high-volume production through commercial supply chains. This could allow Archer Aviation to leverage its existing technological base while addressing a broader set of aircraft applications.
Archer Aviation's dual-use strategy could broaden the potential applications of its aircraft technologies beyond passenger air mobility. By developing a common platform for commercial and defense requirements, the company can pursue multiple markets while reusing core aircraft systems and manufacturing capabilities. The addition of Marubeni Aerospace Corporation as a strategic launch partner further supports the commercial development of Halo.
Companies Expanding Dual-Use Autonomous Aircraft CapabilitiesThe aerospace industry is increasingly developing autonomous aircraft platforms that can support multiple mission requirements. Companies like Joby Aviation, Inc. (JOBY - Free Report) and EHang Holdings (EH - Free Report) are also advancing autonomous aircraft technologies for future commercial and specialized applications.
Joby Aviation is developing autonomous aircraft capabilities alongside its broader eVTOL platform, aiding potential applications beyond conventional piloted air-taxi operations.
EHang develops autonomous eVTOL aircraft designed to support passenger transportation, logistics and other applications.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 57.14% and growth of 9.76%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher Aviation is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 2.54X compared with the industry average of 6.52X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past month, ACHR shares have rallied 19% compared with the industry’s 10.9% growth.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher Aviation currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation čeká ve 3. čtvrtletí upravenou ztrátu EBITDA ve výši 170 až 200 milionů USD, přičemž na konci června měla 1,56 miliardy USD v hotovosti a investicích. Ve 2. čtvrtletí utržila 5 milionů USD a vykázala čistou ztrátu 263 milionů USD.
Archer Aviation (ACHR -5.02%) reported its second-quarter results on Monday, and the two numbers that matter most sit at opposite ends of the release. The air taxi maker expects an adjusted EBITDA loss of $170 million to $200 million for the third quarter. And it closed out June holding $1.56 billion in cash, cash equivalents, and short-term investments.
Set one number against the other and the arithmetic is simple: At the top of that guidance, Archer's money covers roughly two more years of losses. What has to happen inside them?
After all, this is a company still almost entirely ahead of its revenue. Second-quarter sales were $5 million, mostly from operating Hawthorne Airport in Los Angeles, against a net loss of $263 million.
None of that is surprising for a business building an aircraft program and a defense platform at once. But it does make the balance sheet the number to watch. As of this writing, shares sit near $6.60 after sliding 5% on Friday.
Image source: Getty Images.
A bigger loss each quarter Adjusted EBITDA (a non-GAAP measure of earnings before interest, taxes, depreciation, and amortization, with further adjustments that exclude items like stock-based compensation) is the figure Archer guides on. A year ago, the quarterly loss on that basis was $118.7 million. This year's first quarter came in at $172.5 million, and the second at $177.1 million. And the new guidance brackets that number rather than shrinking it.
Total operating expenses rose 61% year over year to $284 million. The $28 million step-up from the first quarter, management says, reflects expanded flight testing, certification work, and production of its Midnight aircraft, plus its hybrid military aircraft and ZEE, its aviation artificial intelligence (AI) model.
The all-in cash number runs higher still. Cash and investments fell by $215 million during the quarter, with $156 million of that used in operations. Most of the rest went to capital expenditures and to buying the operator business at Hawthorne Airport.
Of course, that last piece was a $25 million one-time purchase. But the balance has stepped down all the same, from $1.96 billion at the end of December to $1.78 billion in March to $1.56 billion in June.
Two years of room The reason to spend at this pace is that Archer believes it is close. In April, the company became the first in its industry to close the third phase of the FAA's four-phase type certification process. It is now in the final phase, where Midnight's compliance is demonstrated through formal testing.
Operations are supposed to come sooner. In July, Midnight flew its first piloted city-to-city trips in California. Over the next few months, Archer plans to begin flying in the Los Angeles area from Hawthorne. Later this year, it expects to commence operations in Texas under the White House's eVTOL Integration Pilot Program.
I'd argue those dates matter more here than they would at most companies, because the waiting itself now has a price. At the guided pace, six months of schedule slippage costs about $400 million.
Today's Change
(
-5.02
%) $
-0.35
Current Price
$
6.62
The Boeing test The deal Archer announced alongside the results brings the first substantial revenue the company has ever had. Insitu, which builds unmanned military aircraft and operates across 35 countries, takes in over $200 million of revenue a year -- and does so profitably. The transaction, which also hands Archer the autonomy developer Wisk Aero and the airspace-software company SkyGrid, is slated to wrap up before 2026 ends.
Boeing, for its part, is set to take a stake in Archer and to invest in the company.
But does the deal lighten the spending, too? In his shareholder letter, CEO Adam Goldstein wrote that he has tasked his team with integrating the companies "in a thoughtful and synergistic way that will not structurally increase our overall cash burn."
The third-quarter guidance can't confirm that either way. The deal hasn't closed, so none of the acquired businesses are in the numbers yet. However, the first guidance Archer issues after closing is where the commitment becomes checkable.
Ultimately, the math is unusually simple for a growth stock this speculative. Archer's own guidance puts its quarterly losses as deep as $200 million, and the balance sheet holds about eight quarters of losses that size -- fewer if cash keeps leaving faster than the guided measure, the way it did last quarter. If Midnight starts carrying passengers on schedule and the Boeing businesses arrive without pushing spending higher, that could be plenty. I'd just note that both of those are still plans, and that the loss has grown in each of the past three quarters.
Archer rozšiřuje využití své elektrické pohonné technologie i mimo Midnight; první smlouva s Anduril Industries a EDGE Group má pohánět autonomní letoun Omen.
Key Takeaways Archer's powertrain technology can support multiple aircraft platforms beyond its Midnight aircraft.Archer's powertrain deal with Anduril and EDGE Group enables the Omen autonomous air vehicle.Archer's powertrain applications could expand its reach across commercial and defense aviation markets.
Archer Aviation Inc. (ACHR - Free Report) is expanding the potential application of its proprietary electric powertrain technology beyond its Midnight aircraft. The company is developing powertrain systems that can support multiple aircraft platforms, creating an opportunity to extend its technology into adjacent aviation markets. This approach could allow Archer to generate additional value from technologies developed for its commercial aircraft program.
A key development came in November 2025, when Archer announced its first third-party powertrain deal with Anduril Industries and EDGE Group to power the Omen autonomous air vehicle. The agreement demonstrates how Archer's powertrain capabilities can be adapted for platforms beyond passenger air taxis, providing an additional avenue for technology deployment.
The strategy also complements Archer's broader multi-platform approach. Technologies developed for Midnight can be adapted for defense and other aviation applications, allowing the company to leverage engineering work across multiple programs. This creates opportunities to increase the utility of its proprietary technologies while supporting development of new aircraft platforms.
Archer's expanding powertrain applications could become an important part of its longer-term strategy. As demand grows for electric and hybrid-electric aircraft across commercial and defense markets, the ability to supply technology for multiple platforms could broaden Archer's addressable market and strengthen the value of its technology portfolio.
Companies Expanding Aircraft Powertrain CapabilitiesAircraft manufacturers are advancing electric powertrain technologies to support the development of next-generation aircraft. Companies like Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) are also producing electric powertrain systems as part of their aircraft programs.
Joby Aviation is developing electric propulsion technologies for its aircraft, with an emphasis on integrating the powertrain with its broader aircraft architecture.
Eve Holding is creating electric propulsion systems for its EVE-100 eVTOL, including work on an optimized electric powertrain to support the aircraft's propulsion requirements.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 57.14% and growth of 9.76%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 2.55X compared with the industry average of 6.47X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past month, ACHR shares have rallied 45.8% compared with the industry’s 7.3% growth.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation kupuje od Boeingu tři firmy — Wisk Aero, Insitu a SkyGrid — výměnou za nově vydané akcie. Boeing po uzavření získá podíl 19,75 % na třídě A.
After a relatively quiet first half of the year, Archer Aviation (ACHR -7.00%) has kicked things into high gear. It's announced a flurry of exciting developments in recent weeks, the most recent of which involves its longtime partner, aerospace giant Boeing (BA -1.28%)
Archer has agreed to buy three Boeing businesses -- Wisk Aero, Insitu, and SkyGrid -- in exchange for newly issued Archer stock. When the deal closes, Archer will issue Boeing a stake in its stock equal to 19.75% of Class A shares immediately beforehand.
Archer stock surged as much as 25%, but has since dialed back to a roughly 13% gain at the time of this writing. Still, the news has reinvigorated Archer investors with what could become one of the most consequential deals in the company's short history -- at least, from the standpoint of its burgeoning defense business.
Let's look at why the deal matters, the pros and the cons, and whether it makes me more or less bullish on Archer stock.
Today's Change
(
-7.00
%) $
-0.48
Current Price
$
6.32
Boeing is giving Archer's defense business a major boost Archer is trying to build new aircraft for urban transportation, military, and defense. For almost its entire life, the company has been working tirelessly to certify its Midnight eVTOL (electric vertical take-off and landing) aircraft, which would enable it to commercialize its air taxi business.
Image source: Archer Aviation.
Most people have known Archer from this vision of urban air travel, which has often been likened to flying cars (though don't get your hopes up: Midnight is nothing like the hovering cars of Back to the Future: Part II). But lately Archer has leaned harder into another side of its business, one that could put much-needed revenue in its pockets before the air taxi side is clear for takeoff.
That side of its business is defense. Archer has worked with the U.S. Department of Defense for years, but its current defense business ramped up in late 2024, when Archer and the defense technology company Anduril established a strategic partnership. The fruits of that relationship emerged last month, when the companies unveiled a jointly developed autonomous platform and its military variant, Thunder.
It's no shocker, then, that one of the three Boeing businesses Archer is acquiring is also a meaningfully profitable military-drone company -- Insitu. Insitu, which deals in uncrewed aircraft systems (UAS), and has manufactured and fielded more than 3,500 of them, is generating more than $200 million in annual revenue. That's almost $200 million more than what Archer itself generated in 2025 (about $300,000).
Archer also bought Wisk, a separate eVTOL company, which has completed more than 1,700 flight tests of its own eVTOLs, and SkyGrid, an air traffic management platform.
Altogether, these three businesses, along with Archer's other air taxi and defense businesses, are turning Archer into a much broader aerospace company, one that could control much more of the technology behind autonomous aviation than previously thought.
The hefty cost of the deal: dilution For Archer investors, these three businesses came at a cost -- the cost of dilution.
It's always a threat when you invest in an early-stage company that it will rely heavily on equity to fund its expansion, development, and research. Likewise, the Boeing-Archer deal means investors will own a smaller percentage of Archer once the deal is done. Boeing also has two warrants, which could cause further dilution down the line.
That isn't insignificant, but whether the dilution proves worthwhile will ultimately depend on how much Wisk, Insitu, and SkyGrid improve Archer's long-term growth story.
On the one hand, the deal certainly diversifies Archer's business. It's not completely reliant on Midnight's certification to get its revenue going. On the other hand, Archer still doesn't have an air taxi business. We can't let a blockbuster deal obscure that fact. No matter how successful the defense side becomes, without certification for Midnight, manufacturing Midnight to scale, and putting paying passengers in the air, Archer will likely never live up to lofty expectations.
In the end, the deal makes me less cautious about Archer's future, but not yet more bullish. I might buy a few more shares of Archer, but until I see advancements in Midnight's certification, I'm not ready to make Archer a much larger position.
Akcie Archer Aviation v pondělí po oznámení akvizice Wisk Aero, Insitu a SkyGrid od Boeingu vyskočily téměř o 20 %. Dohoda rozšiřuje záběr Archeru z eVTOL taxíků i do autonomního létání, dronů a řízení vzdušného prostoru.
Archer Aviation ACHR shares surged nearly 20% on Monday after the announcement that the electric air taxi maker would acquire Boeing’s autonomous aviation unit Wisk Aero, along with drone business Insitu and airspace technology provider SkyGrid.
The all-stock transaction will leave Boeing with a nearly 20% stake in the combined company while also giving the aerospace giant continued access to Wisk’s autonomous flight technology through a long-term collaboration agreement.
The deal marks one of the biggest consolidations in the emerging electric vertical takeoff and landing (eVTOL) industry, as companies race to commercialize urban air mobility and autonomous aviation technologies.
The acquisition significantly broadens Archer’s business beyond commercial electric air taxis.
Last month, it also unveiled a new autonomous aircraft platform developed jointly with defense technology company Anduril Industries.
Besides Wisk’s autonomous flight platform, Archer will add Insitu’s military-grade unmanned aircraft systems and SkyGrid’s airspace management capabilities, helping the company strengthen both its commercial aviation and defense businesses.
The companies said the combination would create an integrated platform spanning autonomous flight, artificial intelligence, drones and air traffic management.
"Wisk, SkyGrid and Insitu have pioneered and incubated core autonomous flight technologies for the future that, in combination with Archer’s air taxi, UAS and AI technologies, will bring new and innovative solutions to the market," the companies said in a joint statement.
According to the statement, the three businesses together bring nearly two million combined flight hours, creating what Archer described as a strong foundation for its ZEE artificial intelligence platform.
"These companies, with nearly two million combined flight hours, are expected to bring a deep autonomy foundation to Archer’s ZEE artificial intelligence platform. This positions Archer to deliver an end-to-end physical AI platform across commercial aerospace, defense and air traffic management that can lead the next generation of aviation," the statement added.
Archer founder and chief executive Adam Goldstein described the acquisition as transformational.
"This is a watershed moment for Archer and the future of physical AI in aerospace and defense. This is the next big step forward in becoming a diversified platform, rapidly growing our revenue base and bringing scale to our business," Goldstein said.
For Boeing, the transaction fits into chief executive Kelly Ortberg’s strategy of simplifying the company and concentrating resources on its commercial aircraft, defense and space businesses.
Under the agreement, Boeing will not only receive nearly one-fifth ownership in Archer but will also gain the right to purchase up to $200 million worth of Archer shares over the coming years at predetermined prices.
The aerospace manufacturer will also secure a seat on Archer’s board while retaining access to Wisk’s autonomous flight technology for future commercial and military aircraft through a technology-sharing agreement.
Brian Yutko, Boeing vice president and former chief executive of Wisk, said the partnership would benefit both companies.
"This transaction is a win-win for Boeing and Archer," Yutko said.
"Having worked with the incredible teams in these companies firsthand, it’s clear this transaction will create an industry leader in the advanced aviation market."
Since assuming the role of chief executive in August 2024, Ortberg has repeatedly emphasized the need to simplify Boeing’s structure after years of operational and financial challenges.
Just months after taking charge, he outlined the company’s restructuring priorities.
"We need to reset priorities and create a leaner, more focused organization," Ortberg said in October 2024.
The agreement also marks a dramatic turnaround in the relationship between Archer and Wisk.
The two companies were locked in a high-profile legal dispute in which Wisk accused Archer of stealing proprietary information.
That conflict ended in 2023 after both firms reached a settlement, with Boeing making an undisclosed investment in Archer as part of the agreement.
Wisk itself was established in 2019 through a partnership between Boeing and Kitty Hawk, the aviation startup backed by Google co-founder Larry Page.
Since then, Wisk has focused on developing autonomous eVTOL aircraft, while Archer has concentrated on piloted electric air taxis.
Archer is targeting commercial eVTOL operations by late this year or early next year, making autonomous flight capabilities increasingly valuable as regulators gradually move toward approving pilotless aircraft.
The addition of Wisk, SkyGrid and Insitu gives Archer technologies covering aircraft autonomy, drone operations and airspace management, potentially positioning the company as a broader advanced aviation platform rather than solely an urban air taxi developer.
For Boeing, the transaction allows it to reduce exposure to non-core businesses while maintaining a strategic interest in autonomous aviation through its investment in Archer and continued access to Wisk’s technology.
The deal reflects a growing convergence between commercial aviation, defense systems, artificial intelligence and autonomous flight, areas that many industry executives expect to define the next phase of aerospace innovation.
Archer Aviation má za 2. čtvrtletí očekávané výnosy 1,95 mil. USD a ztrátu 25 centů na akcii. Firma dál postupuje v certifikaci FAA a přípravách na komerční provoz.
Key Takeaways Archer Aviation's Q2 revenues are estimated at $1.95 million, with a loss of 25 cents per share.ACHR rose 8.1% in a month and trades at 1.91X price-to-book versus the industry's 6.51X.Archer Aviation's 18.06 current ratio signals strong liquidity as certification and production advance. Archer Aviation Inc. (ACHR - Free Report) is expected to report second-quarter 2026 results on Aug. 10, after market close.
The Zacks Consensus Estimate for earnings is pegged at a loss of 25 cents per share, indicating a year-over-year rise of 7.41%. The Zacks Consensus Estimate for revenues is pinned at $1.95 million.
Image Source: Zacks Investment Research
ACHR’s Earnings Surprise HistoryArcher Aviation’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, the average surprise being 7.89%.
Image Source: Zacks Investment Research
What Our Quantitative Model Predicts for ACHROur proven model does not conclusively predict an earnings beat for Archer Aviation this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: The company’s Earnings ESP is -10.20%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, ACHR carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
Stocks Worth a LookSome stocks from the sector that have the combination of factors indicating an earnings beat are Vertical Aerospace (EVTL - Free Report) and Mercury Systems (MRCY - Free Report) . Vertical Aerospace and Mercury Systems have an Earnings ESP of +15.39% and +6.67%, respectively. EVTL and MRCY both carry a Zacks Rank #3 at present.
Factors That Might Have Impacted ACHR’s Q2 PerformanceArcher Aviation continues to advance its electric air taxi strategy through collaborations with U.S. cities, aviation authorities and international partners to support the commercialization of its Midnight aircraft. Continued progress in FAA certification and preparations for operations under the U.S. eVTOL Integration Pilot Program are also likely to have boosted the company's performance in the to-be-reported quarter.
ACHR also continued expanding its commercial infrastructure through the modernization of Hawthorne Airport and preparations for early commercial operations in the UAE. These initiatives are likely to have supported revenue generation and strengthened Archer's second-quarter performance.
Archer Aviation also carried on ramping up its manufacturing capabilities and flight-test activities while preparing for commercial operations and scaling production of its Midnight aircraft. These efforts are likely to have aided the company's operational execution in the to-be-reported quarter.
However, higher spending on certification activities, flight testing, manufacturing expansion and commercialization initiatives may have increased operating expenses, trimming some of the gains in the to-be-reported quarter.
ACHR Stock Price PerformanceOver the past month, the stock has gained 8.1% compared with the industry’s rise of 7.3%.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher Aviation is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.91X compared with the industry average of 6.51X.
Image Source: Zacks Investment Research
ACHR Stock’s LiquidityThe company’s current ratio is 18.06 compared with the industry’s average of 1.12. A ratio of more than one suggests a healthy liquidity position where the business can meet its immediate financial obligations without selling long-term assets.
Image Source: Zacks Investment Research
Investment ViewpointArcher Aviation is steadily advancing its commercialization strategy through continued progress in FAA certification, expanding international opportunities and strengthening manufacturing readiness. Backed by a healthy liquidity position, ongoing flight-test activities and early operating plans in the United States and the UAE, the company remains well positioned to capitalize on the growing advanced air mobility market.
However, ACHR remains exposed to certification and commercialization risks, while elevated investments in manufacturing, flight testing and network build-out are likely to keep cash burn and operating losses high until commercial operations scale.
Endnote on ACHRArcher Aviation is steadily building the foundation for future growth through continued execution across certification, operational readiness and market expansion. With early deployment plans taking shape and production capabilities advancing, the company remains well positioned to benefit as the electric aviation industry moves toward commercialization.
Given its attractive valuation, better price performance and strong liquidity, investors might consider adding ACHR stock to their portfolios right now.
Archer Aviation představila s Andurilem autonomní VTOL platformu Thunder a Halo; akcie v den oznámení vzrostly asi o 20 %. CEO Adam Goldstein říká, že jde o nejsofistikovanější platformu letounů s vertikálním zdvihem, jaká kdy byla vyvinuta.
Shares of Archer Aviation (ACHR -6.65%) have been jumping recently after the company announced new aircraft stemming from its partnership with Anduril, a defense technology and autonomous systems company. It's a huge deal for Archer, an electric vertical take-off and landing (eVTOL) stock that has been in a tailspin for much of the year.
Archer's CEO is bullish on the opportunities this could unlock for the company. However, despite the positive news, the eVTOL stock is still down 37% year to date. Could now be a good time to buy it?
Image source: Getty Images.
Archer unveils Thunder and Halo Last week, Archer announced details around a new autonomous VTOL platform it had developed with Anduril, which can be used for both commercial and defense purposes. One of the new aircraft from the platform, Thunder, will provide speed, range, and payload that are necessary for defense applications, while also being cost-efficient. Archer expects Thunder's first flight to take place next year. A few days later, the company also unveiled Halo, which is the commercial variant that it developed with Anduril. Like Thunder, it will be autonomous and be able to take on heavy payloads. Archer has already been working on certifying its piloted eVTOL Midnight aircraft, which is designed for air taxi services.
In announcing the news, Archer CEO Adam Goldstein said, "This is the most sophisticated vertical lift aircraft platform ever developed--it's exactly what our customers need." The opportunities could be significant for Archer, particularly in defense, where demand can be high.
Today's Change
(
-6.65
%) $
-0.34
Current Price
$
4.77
Is Archer's stock destined to soar higher? Archer's stock rose by around 20% on the day that it announced Thunder and the program with Anduril.
The market remains hesitant, however, because while the opportunities are significant, so too are the risks and uncertainties. Archer's aircraft still requires certification, and until it begins manufacturing at scale, it'll be difficult to know just how long it may take for the business to become profitable, as it's a capital-intensive industry. Its losses have also been growing, totaling $743 million over the trailing 12 months.
The eVTOL stock may be a compelling option for growth investors to consider, but this is an investment that will clearly require a lot of patience, as it'll take time for Archer to generate any significant revenue and even longer before it has any hope of achieving profitability. But with its opportunities expanding in scope due to the new platform it has developed with Anduril, Archer's stock clearly has a lot of upside and room to grow.
Archer Aviation a Anduril představily autonomní rotorové letadlo Thunder pro obranné využití, čímž Archer míří mimo civilní trh s leteckými taxi. Akcie po oznámení vzrostly o 19 %.
The civilian electric vertical takeoff and landing market remains trapped in a regulatory holding pattern. Developing a functional urban air-taxi network requires deep consumer adoption, local infrastructure overhauls, and grueling Federal Aviation Administration approvals.
For pre-revenue developers in the aerospace sector, this translates to heavy cash burn with an ambiguous timeline for actual commercial deployment. The capital requirements to bring a clean-sheet aviation design from prototype to passenger-ready status are staggering, leaving early investors exposed to years of dilutive funding rounds.
Navigating these early-stage aviation equities requires identifying structural pivots before they are fully priced into the market. A pure-play focus on civilian urban air mobility presents a high-risk scenario tied entirely to municipal regulations and retail demand. To survive the prolonged path to commercialization, an aerospace developer needs a secondary source of capital to validate its core flight architecture.
Get Archer Aviation alerts:
Entering the Arsenal: A Tactical AllianceArcher Aviation Today
$5.28 -0.04 (-0.66%)
As of 07/21/2026 03:59 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$4.30▼
$14.62Price Target$11.83
Archer Aviation NYSE: ACHR just altered that trajectory, forcing a structural repricing across the entire sector. Partnering with defense technology heavyweight Anduril, Archer Aviation unveiled its Thunder autonomous rotorcraft at the Farnborough International Airshow on July 20, 2026. By adapting its core flight architecture for contested defense environments, Archer Aviation is decisively bypassing civilian regulatory gridlock and tapping into immediate Department of War demand.
This strategic shift from a speculative civilian air-taxi provider to a manufacturer of artificial intelligence (AI) powered kinetic warfare hardware fundamentally changes the risk profile for Archer Aviation. The underlying flight technology is no longer waiting for consumer validation. It is being validated on the battlefield. Securing a dual-use military application completely shifts the narrative from cash-burning consumer tech to essential national security infrastructure.
Stealth and Stature: Flying Under the RadarWhen evaluating aerospace developers, identifying total addressable market expansion is a crucial fundamental metric. The Thunder platform is not a personnel transport vehicle. It is explicitly classified as a Group 5 autonomous attack rotorcraft, engineered to serve as a loyal wingman alongside crewed combat platforms like the AH-64 Apache.
The technical specifications perfectly align with modern asymmetric warfare requirements. Thunder integrates Archer Aviation's series-hybrid electric powertrain and dual tiltrotors with the Lattice mission autonomy software developed by Anduril.
The hardware allows for runway-independent operations and heavy modular payload delivery. Crucially, the electric propulsion reduces the aircraft's acoustic signature, enabling nap-of-the-earth flight to bypass radar in contested airspace.
From a capital structure perspective, the Department of War operates on a completely different budget paradigm than the retail consumer market. Military contracts offer structured milestone payments and established procurement volume, providing a pathway to non-dilutive capital.
Traditional pre-revenue developers survive by issuing secondary shares, heavily diluting existing shareholders to fund ongoing research. Securing early defense spending insulates the balance sheet from consumer macroeconomic headwinds and validates intellectual property in a way civilian prototypes cannot.
Desert Departure: Joby's Retail RunwayUnderstanding the gravity of this pivot requires looking at the broader competitive landscape. While Archer Aviation develops its defense applications, its peer, Joby Aviation NYSE: JOBY, currently dominates the civilian market. Joby Aviation has locked in a commercial launch in Dubai slated for 2026, working directly with established ride-sharing networks to launch a functional urban air mobility ecosystem.
The imminent revenue realization from Joby Aviation creates existential pressure on the rest of the sector. Engaging in a price-to-market war for civilian adoption against an entrenched competitor is a fast track to margin compression and capital exhaustion.
Archer Aviation recognized this threat and executed a strategic maneuver to capture a non-correlated revenue stream. Rather than fighting Joby Aviation for early market share in saturated urban centers, Archer Aviation is focusing on contested logistics and precision weapon deployment. This removes equity from direct civilian competition and positions it to capture government defense allocations, a sector that has remained historically robust regardless of broader economic conditions.
Burning Capital: The Liquidity EquationNavigating these specific equities requires strict attention to liquidity and capital runway. Archer Aviation ended the first quarter of 2026 with approximately $1.8 billion in total liquidity, combining cash and short-term investments.
This robust cash position is an absolute necessity against an elevated burn rate. The operations currently post an earnings before interest, taxes, depreciation, and amortization loss of roughly $200-$225 million per quarter, driven almost entirely by intensive research and development costs.
While the $1.8 billion provides a substantial buffer, the timeline remains extended. The official first flight for Thunder is scheduled for 2027, delaying immediate revenue recognition. The market responded enthusiastically to the Anduril partnership, sending shares up 19% on heavy options volume, with traders purchasing 77,081 call options in a single session.
Archer Aviation Inc. (ACHR) Price Chart for Wednesday, July, 22, 2026
Despite this retail momentum, structural overhead remains a prominent factor. Short interest sits between 15% and 17% of the free float, representing roughly 108 million shares sold short. With days-to-cover metrics ranging from 2.5 to 4.6, the stock has the structural framework for localized short-covering rallies amid high-volume catalyst events. However, careful investors must reconcile this options-driven momentum with recent executive actions.
Recent Form 4 filings reveal a persistent pattern of insider liquidations. Key executives executed numerous open-market sales over the trailing six months with zero open-market purchases. While insider selling often occurs for tax purposes or basic portfolio diversification, steady distribution during a major positive catalyst warrants close monitoring. It signals that management recognizes the lengthy commercialization timeline ahead and prefers immediate liquidity while waiting for defense contracts to materialize into hard revenue.
Final Approach: The Future of FlightThe integration of commercial electric aviation into military operations marks a definitive shift in defense procurement. Archer Aviation has successfully demonstrated that its proprietary propulsion and rotor designs have significant value beyond the highly speculative air-taxi market. The partnership with Anduril legitimizes the hardware, offering a viable path to government-backed funding that bypasses the friction of early retail adoption.
Market dynamics validate the necessity of this defense pivot, even if the timeline for materializing capital remains extended into 2027. This structural shift provides a compelling narrative for long-term valuation expansion, provided Archer Aviation can efficiently manage its cash bleed through the upcoming testing phases.
Investors seeking exposure to next-generation aerospace technologies might consider monitoring upcoming quarterly filings for any material shifts in research expenditures or definitive timelines regarding initial Department of War delivery milestones.
Should You Invest $1,000 in Archer Aviation Right Now?Before you consider Archer Aviation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archer Aviation wasn't on the list.
While Archer Aviation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Archer Aviation a obranná technologická společnost Anduril představily společně vyvinutou autonomní leteckou platformu pro civilní i vojenské využití. Platforma vznikla v rámci dohody z roku 2024. Archer zároveň chystá komerční variantu a první zákazníky oznámí ještě tento týden.
Item 1 of 2 An Anduril Industries logo is seen at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier
[1/2]An Anduril Industries logo is seen at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 17, 2025. REUTERS/Benoit Tessier Purchase Licensing Rights, opens new tab
CompaniesFARNBOROUGH, England, July 20 (Reuters) - Archer Aviation (ACHR.N), opens new tab and defense technology company Anduril unveiled a co-developed autonomous aircraft platform on Monday, as aerospace startups increasingly tap partnerships that can lower development costs and speed up commercialisation.
The platform, developed together under a 2024 deal, is designed for both commercial and military applications.
The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here.
Anduril introduced the defense variant, called Thunder, on Monday at the Farnborough Airshow. It's a Group 5 autonomous attack rotorcraft intended to fly alongside current and next-generation crewed attack and assault aircraft.
Archer CEO Adam Goldman told Reuters the company built a very specific aircraft rather than retrofit an existing aircraft.
"Andruil has done a very good job of identifying needs and then building ahead of those needs before programs ever get announced... They identified a need, and we built a very specific aircraft for that need," Goldman said.
"When you want to look at a product that can have large-scale use on the defense side, they typically will need to be built and designed and catered towards that very specific customer and use case."
Archer, best known for developing electric air taxis, plans to unveil its commercial variant and announce the platform's first commercial customers later this week, the companies said.
Developers of electric vertical takeoff and landing aircraft have been looking to expand beyond urban air taxi services, once touted as a trillion-dollar market, as certification delays, infrastructure hurdles and steep capital requirements weigh on the sector.
The Thunder is aimed at "anyone who operates Apache, anyone who operates armed reconnaissance helicopters,” said Shane Arnott, Anduril Industries’ senior vice president of programs & engineering.
Air taxi companies are also increasingly turning to hybrid-electric propulsion to extend range and improve mission flexibility beyond short urban hops, hoping to tap broader markets and cut losses.
The Archer-Anduril platform uses a series hybrid-electric powertrain and tilt rotors designed to vary rotor speed across flight conditions, with capabilities to support missions including military strikes, cargo movement, remote logistics and other operations from austere locations, the companies said.
For Archer, the partnership offers a path into defense and heavier-duty commercial markets while the outlook for the air-taxi market looks cloudy.
The companies have completed multiple test flights using full-scale surrogate aircraft, a step toward validating key systems. Thunder's first flight is planned for 2027.
Reporting by Shivansh Tiwary, David Shepardson and Cassell Bryan-Low in Farnborough, England; Editing by Sharon Singleton
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Shivansh reports on major aerospace, aviation, and industrial companies in the United States. A journalism graduate from Christ University in Bangalore, he specializes in breaking news and quarterly earnings reports for the country’s largest airlines and machinery manufacturers. His work is often featured in Reuters’ Aerospace & Defense and Autos & Transportation sections.
Archer Aviation a Beta Technologies s Macquarie Capital spouští standardizovanou nabíjecí síť pro eVTOL až na 250 místech v USA. Projekt ACES podporuje GAMA a není v souladu se standardem Joby Aviation.
Electric Vertical Takeoff and Landing (eVTOL) companies Archer Aviation (ACHR 1.11%) and Beta Technologies (BETA +0.68%) just announced they are partnering with Macquarie Capital to bring standardized eVTOL charging hardware to as many as 250 air taxi sites across the U.S.
The companies dubbed the initiative America’s Consortium for Electric Skyways (ACES). They touted their charging standard as having been endorsed by the General Aviation Manufacturers Association (GAMA) and “adopted almost uniformly across the industry.”
“Almost uniformly?” That’s right: there’s one major player in the U.S. eVTOL space that doesn’t conform to this standard. And, unsurprisingly, it's Archer’s big rival Joby Aviation (JOBY 0.89%).
Here’s what this new charging network is likely to mean for Archer, Beta, Joby, and their shareholders.
Image source: Archer Aviation.
A new standardThe Combined Charging Standard (CCS) for electric vehicles is a particular type of plug that allows a vehicle to charge using alternating current (AC) or direct current (DC). It was once the standard for electric vehicle charging in the U.S., but is now being phased out in favor of the North American Charging Standard (NACS) plug, developed by Tesla (TSLA 2.47%) for use in its Supercharger system.
However, the global aviation consortium GAMA still supports the CCS standard for electric aircraft, believing that having a standardized plug is preferable to having different manufacturers each developing their own non-interoperable plugs.
Unfortunately, that’s exactly what Joby had to do.
Today's Change
(
-0.89
%) $
-0.07
Current Price
$
7.28
Square plug, round holeDespite being a GAMA associate member, Joby didn’t design its eVTOLs to work with CCS plugs. Instead, it developed its own standard, the Global Electric Aviation Charging System (GEACS). In 2023, it made the GEACS specifications freely available to other companies in the industry.
There were two good reasons for Joby not to use CCS chargers. The first was that it designed its aircraft with distributed battery packs to provide redundancy for added safety. The GEACS system contains multiple DC channels, allowing for simultaneous charging of multiple battery packs. Archer’s and Beta’s systems concentrate their battery packs in a single location, so they don’t need this extra feature.
Image source: Joby Aviation.
The second reason is that Joby’s GEACS includes a coolant exchange system, providing an additional mechanism to prevent the batteries from overheating during charging, which could reduce their lifespan. Archer utilizes an onboard thermal management system made by Honeywell International (HON 0.58%) that, in theory, keeps the batteries from overheating. Meanwhile, Beta uses a separate device called a Thermal Management System Cube to cycle coolant through the batteries during recharging.
You snooze, you loseIt’s not surprising that Archer and Beta – which are also both GAMA associate members – would agree to join forces to deploy a type of charger with a plug that their aircraft can use but which their major rival’s cannot.
It also makes sense that Archer and Beta would try to get a head start on deploying their preferred chargers at airports likely to offer eVTOL air taxi service. According to an Archer press release, up to 250 deployments will occur over the next decade at locations “including airports and vertiports in California, Texas, Florida, and New York.”
Would an airport that had already installed Beta’s CCS chargers actually prevent Joby eVTOLs from operating there due to a lack of charging infrastructure? It seems doubtful, but it might cause some headaches for Joby down the road. And of course, there’s no love lost between Archer and Joby at this point.
Today's Change
(
-1.11
%) $
-0.05
Current Price
$
4.44
The takeawayAll the charging infrastructure in the world doesn’t matter if you don’t have an aircraft to charge. If Joby can get U.S. Federal Aviation Administration (FAA) approval for its eVTOLs to operate before Archer can, it’ll probably be able to dictate its own charging infrastructure installation to airports where it’s providing service. The same is true for Archer if it can beat Joby to the punch.
While the collaboration between Archer and Beta to shut out Joby is a smart move for those two companies, in the long run, it’s going to be FAA approval and then the profitability of their business models that determine whether Archer, Beta, and Joby succeed or fail. Not their charging apparatus.
Archer Aviation (ACHR 6.38%) recently slipped below $5, extending a decline that has surprised many investors. Yet the sell-off doesn't appear to reflect a sudden deterioration in the company's business.
Instead, it reflects something more subtle. The market is changing how it evaluates Archer.
A year ago, investors mainly cared about the company's vision. Flying taxis promised to transform urban transportation. Archer had secured partnerships with companies such as Stellantis and United Airlines, and each certification milestone reinforced the belief that commercialization was approaching.
Today, that narrative isn't enough. Investors are no longer asking whether flying taxis could become a major industry. They're asking a much tougher question: Can Archer build a profitable business before it runs out of time -- or capital?
Image source: Getty Images.
Commercialization has become the biggest test For years, Archer measured success through milestones:
Prototype flights Manufacturing progress Strategic partnerships Regulatory approvals Each announcement reduced uncertainty and helped investors believe the company was moving in the right direction. But as Archer approaches its goal of launching commercial operations in 2026, those milestones no longer carry the same weight. Investors now want evidence that the business itself is nearing takeoff.
Launching an air taxi service involves far more than building an aircraft. Archer must complete Federal Aviation Administration certification, prepare pilots, establish operating procedures, deploy supporting infrastructure, and convince customers to choose flying taxis over existing forms of transport.
Even then, another challenge begins. Can the business generate enough demand to operate profitably? Can aircraft fly frequently enough to justify their cost? Can the company eventually earn attractive returns after maintenance, staffing, insurance, and infrastructure expenses?
These are the questions investors are beginning to ask, and none has a satisfactory answer today. That's why each quarter without meaningful commercial revenue matters more than the one before it. The closer Archer gets to commercialization, the less investors value promises and the more they expect measurable progress.
Today's Change
(
-6.38
%) $
-0.31
Current Price
$
4.48
Cash burn isn't the biggest concern anymore. Dilution is. Ironically, Archer's biggest financial strength has created a new investor concern.
During the past two years, the company has raised substantial capital and built one of the strongest balance sheets in the electrical vertical takeoff and landing (eVTOL) industry. That gives management valuable time to complete certification and prepare for launch. For perspective, the company ended March 31 with $1.8 billion in liquidity.
Few investors now question whether Archer can survive.
Instead, they question how much of the company today's shareholders will still own by the time it succeeds.
Archer continues to invest heavily in engineering, certification, manufacturing capacity, and commercial preparation. Those investments are necessary, but they also mean the company is likely to remain cash-flow-negative for several more years. In 2025 alone, the company consumed $433 million in operating cash flow.
If commercialization takes longer than expected -- or scaling proves more expensive than planned -- raising additional capital may become necessary. That's where dilution becomes a real risk.
Every new share issued helps fund the business, but it also reduces the ownership stake of existing shareholders. Even if Archer ultimately succeeds, repeated equity issuance could reduce the returns investors earn.
For a company that remains years away from profitability, that's an important risk to consider.
What does it mean for investors? Nothing in Archer's recent progress suggests the long-term vision has fallen apart. The company continues to progress through certification, expand manufacturing capabilities, and prepare for a commercial launch in the U.S. in 2026. Those remain meaningful achievements.
What has changed is the market's willingness to pay for future potential. Investors now want evidence that Archer can convert technological progress into commercial success -- and eventually into sustainable profits.
That means another partnership announcement or another successful test flight won't define the next chapter. It will be defined by execution.
Can Archer launch commercial operations on schedule? Can it generate meaningful revenue? Can it reach that point without excessive shareholder dilution?
Those are the questions that will likely determine where the stock goes next.
Archer Aviation ve 1. čtvrtletí 2026 utržila jen 1,6 milionu USD a vykázala upravenou ztrátu EBITDA 172,5 milionu USD. Firma stále čeká na certifikaci FAA pro Midnight, bez níž nemůže spustit velké komerční operace v USA.
Archer Aviation (ACHR 2.47%) has made meaningful progress over the past year. The company is advancing toward FAA certification, building out manufacturing capacity, and still expects to begin commercial operations in 2026. But there are still challenges.
Archer's biggest challenge at the moment is that it still generates very little revenue. During the first quarter of 2026, the company clocked just $1.6 million in sales while posting an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $172.5 million. Management expects another adjusted EBITDA loss of $170 million to $200 million in the second quarter.
Today's Change
(
-2.47
%) $
-0.12
Current Price
$
4.73
To be sure, those losses aren't surprising for a pre-commercial aerospace company. It's actually to be expected. The problem is that commercialization is proving slower and more expensive than many expected, and some investors are starting to grow impatient.
Fortunately, Archer ended the first quarter with approximately $1.8 billion in liquidity, giving it one of the stronger balance sheets in the electric vertical takeoff and landing (eVTOL) industry. But Wall Street expects the company to burn roughly $600 million this year and another $740 million in 2027 before free cash flow potentially turns positive later in the decade. Indeed, this is the kind of thing that can frustrate already-impatient shareholders, even if the company does boast a rather large war chest.
Certify this! Every milestone Archer achieves still depends on regulatory approval, too. And until the FAA certifies the Midnight aircraft (the company's all-electric air taxi), the company cannot begin large-scale commercial operations in the United States. Even if certification arrives on schedule, Archer Aviation still has to ramp up manufacturing, expand charging infrastructure, train pilots, and prove there is enough customer demand to support its business model.
Meanwhile, competition is not going gently into that good night. Rival Joby Aviation continues to make progress toward commercialization, while a handful of other aerospace companies and start-ups are pursuing the same urban air mobility market. And while Archer benefits from partnerships with some major players, including Stellantis and United Airlines, the commercial eVTOL industry remains largely unproven.
Of course, none of this means Archer is destined to fail. In fact, the company has arguably become one of the industry's strongest players. Its manufacturing partnership with Stellantis, sizable cash position, and continued certification progress give it advantages that many of its competitors lack.
Image source: Getty Images.
Even so, price matters. And today, investors are still paying for a business that has yet to generate meaningful commercial revenue and will likely continue consuming hundreds of millions of dollars before becoming self-sustaining. That's a risky combination, particularly if certification timelines slip or commercialization takes longer than expected.
Ultimately, this is not a stock I would rush out to buy, even after it's lost more than 60% of its value over the past year and trades at what some believe to be attractive levels. The truth is, until Archer demonstrates that it can transition from a development-stage company into a profitable commercial aircraft manufacturer, I'd remain on the sidelines.
And if you already own the stock, you have to decide whether it's worth sticking it out for another year or two and hoping for the best instead of allocating that capital to much more attractive investment opportunities with far less risk and far more upside potential.
Archer Aviation posiluje přípravu na komerční provoz: získává certifikace FAA, rozšiřuje infrastrukturu pro městskou leteckou mobilitu a zvyšuje výrobní kapacity v Silicon Valley a Georgii.
Key Takeaways ACHR is advancing FAA certifications to support future aircraft production and commercial operations.ACHR is expanding urban air mobility infrastructure to support future air taxi networks.ACHR strengthens production readiness through facilities in Silicon Valley and Georgia. Archer Aviation Inc. (ACHR - Free Report) shares have declined 13.1% over the past month, underperforming the Zacks Aerospace-Defense industry’s rise of 9%. However, the company is building long-term growth through regulatory preparedness, expanding urban air mobility infrastructure and production readiness. Continued investment in proprietary technologies strengthens its commercialization strategy.
Image Source: Zacks Investment Research
Some stocks from the same industry, such as Huntington Ingalls Industries, Inc. (HII - Free Report) and Redwire Corporation (RDW - Free Report) , have also underperformed the industry. Over the past month, HII and RDW have declined 0.3% and 39.1%, respectively.
With ACHR shares falling over the past month, investors may hold varied perspectives. Let’s examine the factors and assess the stock’s investment prospects to make an informed decision.
Factors Supporting ACHR Stock's GrowthArcher Aviation continues to advance its commercial readiness by strengthening the regulatory and operational foundation required for future passenger services. The company already holds Federal Aviation Administration (“FAA”) Part 135 Air Carrier, Part 145 Repair Station and Part 141 Pilot School certificates, enabling commercial flight operations, aircraft maintenance and pilot training activities. ACHR is also progressing toward an FAA Production Certificate, which will allow it to manufacture Midnight aircraft that conform to approved type designs, supporting the transition from certification to commercial deliveries.
The company is also expanding its long-term addressable market by developing integrated urban air mobility networks in collaboration with infrastructure providers and local stakeholders. Archer Aviation is working to establish vertiport infrastructure and operational ecosystems that connect major population centers with transportation hubs while supporting future air taxi services. This broader network strategy is intended to improve customer adoption and create recurring opportunities beyond aircraft sales.
Archer Aviation is differentiating itself through continued investment in proprietary technologies and manufacturing capabilities. The company is internally developing key systems such as electric propulsion, flight-control software and composite structures while leveraging certified components from established aerospace suppliers to reduce development risk. Archer Aviation is scaling production of its aircraft and electric powertrain at its "golden manufacturing lines" in Silicon Valley and its high-volume facility in Georgia to support certification and early commercial deployments, enhancing production readiness as commercialization progresses.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for ACHR’s 2026 earnings per share (EPS) indicates an increase of 0.97% over the past 60 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Huntington Ingalls’ 2026 EPS calls for a rise of 0.12% in the past 60 days. The estimate for Redwire’s 2026 EPS implies a decline of 62% over the same period.
Debt Position of ACHRCurrently, Archer Aviation’s total debt to capital is 3.65%, lower than the industry’s average of 47.1%. It indicates that the company can run its business efficiently with much lower debt levels than its industry peers.
Image Source: Zacks Investment Research
ACHR’s Liquidity PositionArcher Aviation has a current ratio of 18.06 compared with its industry’s average of 1.12. The ratio, being more than one, indicates that ACHR possesses sufficient capital to pay off its short-term debt obligations.
Image Source: Zacks Investment Research
Huntington Ingalls and Redwire also maintain current ratios above one. HII has a current ratio of 1.19, while RDW holds 1.75.
ACHR Stock Trades at a DiscountArcher Aviation is currently trading at 1.82X, a discount compared to its industry’s 6.47X on a trailing 12-month Price/Book basis.
Image Source: Zacks Investment Research
What Should Investors Do Now?Archer Aviation is strengthening its commercial foundation through regulatory preparedness, expanding urban air mobility infrastructure and growing production capabilities, supporting its long-term commercialization strategy. The company's investments in proprietary technologies, manufacturing readiness and expanding operational capabilities are expected to enhance its long-term growth prospects.
Given ACHR's favorable earnings estimate outlook, discounted valuation, lower debt levels and solid liquidity position, investors may consider including this Zacks Rank #2 (Buy) stock in their portfolios at current levels. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation zrychluje testování Midnight a ověřuje redundantní systémy, aby podpořila certifikaci a budoucí komerční provoz. Přístup zaměřený na bezpečnost má posílit důvěru i dodávky letounu.
Key Takeaways ACHR expands flight testing to validate aircraft systems and support regulatory certification.ACHR advances Midnight certification through compliance, testing and system validation activities.ACHR certification progress supports future aircraft deliveries and commercial deployment plans. Archer Aviation Inc. (ACHR - Free Report) continues prioritizing safety as it advances the development of its Midnight electric aircraft. The company is designing the aircraft with multiple layers of redundancy across flight-critical systems, helping enhance operational reliability while supporting certification and future commercial operations. This safety-focused approach is expected to strengthen Archer's position in the emerging electric aircraft market.
Redundant aircraft systems play an important role in next-generation aviation by helping maintain safe operations in the event of individual component failures. Archer's Midnight aircraft incorporates redundancy across key flight systems, including propulsion, power and flight-control architecture. These design features are intended to improve overall system reliability while supporting compliance with stringent aviation safety standards.
The company's emphasis on safety also complements its broader aircraft development strategy. By integrating redundant systems into the aircraft from the design stage, Archer aims to strengthen operational resilience while enhancing future passenger confidence and commercial adoption. This approach positions ACHR to meet evolving regulatory and customer expectations as electric aircraft enter commercial service.
As the electric aircraft industry continues to mature, safety-focused design is expected to remain a key competitive differentiator. Archer's continued investment in redundant aircraft architecture strengthens its long-term growth prospects while supporting the commercialization of its Midnight platform.
Companies Advancing Safety-Focused Aircraft DesignElectric aircraft developers continue strengthening aircraft safety through redundant flight-critical systems and resilient vehicle architectures. Companies like Joby Aviation, Inc. (JOBY - Free Report) and Vertical Aerospace Ltd. (EVTL - Free Report) are also advancing capabilities in this area.
Joby Aviation is developing its electric aircraft with multiple redundant flight-critical systems designed to support safe, reliable and certifiable commercial operations.
Vertical Aerospace is incorporating redundant propulsion, power and flight-control systems into its electric aircraft to enhance operational reliability and support aircraft certification.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 61.90% and growth of 7.51%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Is Trading at a DiscountArcher is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.82X compared with the industry average of 6.31X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past three months, ACHR shares have fallen 10.1% against the industry’s 1.2% growth.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation má jen dva testovací stroje a jeden plnohodnotný Midnight, přesto má backlog 6 mld. USD a asi 1 200 objednávek. Společnost stále čeká na plnou certifikaci FAA.
Archer Aviation (ACHR +1.07%), an early mover in the nascent market for electric vertical takeoff-and-landing (eVTOL) aircraft, set a record high of $17.14 per share on Feb. 18, 2021. Today, it trades at less than $5. Is it time to sound the alarm on this fallen stock?
Why did Archer Aviation's stock crash? Before Archer went public through a merger with a special purpose acquisition company (SPAC), it claimed it could produce 10 eVTOLs in 2024 and 250 eVTOLs in 2025. But as of this writing, it has only manufactured two test aircraft and one full-scale Midnight aircraft.
Image source: Archer Aviation.
The Midnight can carry a single pilot and four passengers, travel up to 100 miles, and reach a maximum speed of 150 miles per hour. However, it has a lower top speed and a shorter range than Joby Aviation's (JOBY +3.36%) S4 eVTOL. Joby is also further along in the FAA certification process for its U.S. commercial flights than Archer.
Those setbacks -- along with its lack of meaningful revenue, steep losses, and high valuation -- make Archer a less appealing eVTOL stock than Joby. However, Archer's indicative (non-committal) backlog still swelled to $6 billion at the end of 2025 with pending orders for roughly 1,200 aircraft. Its biggest investor, Stellantis, still plans to help the company ramp up its production after the FAA fully certifies its first commercial flights.
Archer's early customers include United Airlines and Abu Dhabi Aviation, which will use the Midnight for last-mile "airport to home" air taxi flights, and Andruil, which has been co-developing a hybrid eVTOL defense aircraft with the company. Archer believes it can eventually produce 650 aircraft annually with Stellantis after the FAA greenlights its first flights.
Unlike Joby, which will mainly sell its own first-party eVTOLs, Archer plans to produce eVTOLs for third-party customers. Both companies will launch their own first-party air taxi services, but Uber will directly integrate Joby's flights into its Uber Air platform.
Today's Change
(
1.07
%) $
0.05
Current Price
$
4.73
It's too early to sound the alarm Archer's progress is sluggish, and it has clear disadvantages against Joby. But from 2026 to 2028, analysts expect its revenue to rise from $9.5 million to $428.4 million as it ramps up its production. With a market cap of $3.6 billion, it still looks reasonably valued at 7 times its 2028 sales. Joby, with a market cap of $8.5 billion, looks pricier at 19 times its 2028 sales.
Archer's stock probably won't rally until the FAA fully certifies its first commercial flights, but its downside should be limited. Rather than sounding the alarm and declaring it's time to sell, it's probably better to wait and see if it can deliver more eVTOLs over the next few years.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool recommends Stellantis. The Motley Fool has a disclosure policy.
Archer Aviation pokračuje v testování a validaci systémů letounu Midnight, aby splnila požadavky regulátorů na certifikaci. Úspěch by otevřel cestu k dodávkám a komerčním operacím.
Key Takeaways ACHR expands flight testing to validate aircraft systems and support regulatory certification.ACHR advances Midnight certification through compliance, testing and system validation activities.ACHR certification progress supports future aircraft deliveries and commercial deployment plans. Archer Aviation Inc. (ACHR - Free Report) continues making progress toward aircraft certification, a critical milestone in its path to commercial operations. The company is working closely with regulators to complete certification activities for its Midnight aircraft while continuing flight testing, system validation and compliance efforts. Achieving certification is expected to support commercial deployment and strengthen Archer Aviation's position within the emerging electric aircraft market.
Aircraft certification requires extensive testing and validation to demonstrate that an aircraft satisfies regulatory safety and performance standards. Archer Aviation continues expanding its test program by evaluating aircraft systems, flight characteristics and key components while generating data that supports the certification process. These activities help the company refine its aircraft while advancing toward regulatory approval.
Certification progress also strengthens Archer Aviation's commercial prospects. Reaching this milestone would enable the company to begin aircraft deliveries, support planned customer deployments and execute commercial agreements. Continued advancement through the certification process also reflects Archer Aviation's growing operational and engineering capabilities as it prepares for commercial production.
As the advanced aviation market evolves, regulatory approval is expected to remain one of the most important milestones for industry participants. Archer Aviation's continued focus on certification activities positions the company to support future commercial operations while strengthening its long-term growth outlook.
Companies Advancing Aircraft Certification ProgramsAircraft developers continue investing in certification activities as they prepare next-generation aircraft for commercial service. Companies like Joby Aviation, Inc. (JOBY - Free Report) and BETA Technologies, Inc. (BETA - Free Report) are also progressing certification efforts for their electric aircraft platforms.
Joby Aviation continues advancing flight testing and certification activities for its electric aircraft while working toward commercial passenger operations.
Beta Technologies is making progress in the certification of its electric aircraft through continued flight testing, system validation and regulatory engagement to support future commercial operations.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 61.90% and growth of 7.51%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Trading at a DiscountArcher Aviation is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.78X compared with the industry average of 6.02X.
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past three months, ACHR shares have fallen 1.4% against the industry’s 3.9% growth.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher Aviation currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Archer Aviation chce využít letiště Hawthorne u Los Angeles jako provozní centrum své sítě air taxi. Počítá i s až 200 000 čtverečních stop hangárů pro údržbu, odbavení cestujících a další provoz.
Key Takeaways ACHR plans to use Hawthorne Airport as the operational hub for its Los Angeles air taxi network.The site will support takeoff, landing, maintenance, passenger handling and ground operations.ACHR is planning up to 200,000 sq. ft. of hangar space for air mobility and innovation activities. Archer Aviation Inc. (ACHR - Free Report) is giving its air taxi strategy a stronger operating base through its control of Hawthorne Airport near Los Angeles International Airport and Downtown Los Angeles. The company plans to use the site as the operational hub for its Los Angeles network while also developing it as an innovation center for next-generation AI-powered aviation technologies. This makes the airport more than a real estate asset. It can become a testing and coordination point for the company’s broader urban air mobility ambitions.
The move is important because commercial air taxi service will require more than certified aircraft. Archer Aviation will also need take-off and landing access, hangar capacity, maintenance support, passenger handling systems, ground operations and local regulatory coordination. Hawthorne Airport gives the company a place to bring many of these requirements together in one market that could be important for early adoption.
Archer Aviation also expects to prepare the site for planned air taxi operations in the Los Angeles area and potential use around the LA28 Olympic Games. The company has discussed the redevelopment of up to 200,000 square feet of hangar space and the creation of an advanced air mobility center of excellence. Over time, Archer Aviation aims to add AI-supported features such as air traffic coordination, ground operations management, maintenance detection and smoother passenger screening.
The company noted that capital projects at Hawthorne may face cost, permitting, labor, regulatory and schedule risks. If Archer Aviation can manage these challenges, Hawthorne Airport could support its shift from aircraft development toward real-world air taxi operations.
Companies Expanding Air Mobility NetworksAs companies move closer to commercial air mobility services, building operational networks is becoming increasingly important. Companies like Joby Aviation, Inc. (JOBY - Free Report) and Eve Holding, Inc. (EVEX - Free Report) are also expanding networks to support future air mobility operations.
Joby Aviation is developing flight networks and operational capabilities to support the planned rollout of its electric air taxi services.
Eve Holding is working with partners and stakeholders to help establish the network needed for future urban air mobility operations.
Earnings Estimates for ACHR StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests a year-over-year decline of 61.90% and growth of 7.51%, respectively.
Image Source: Zacks Investment Research
ACHR Stock Trading at a DiscountArcher Aviation is trading at a discount relative to the industry, with a trailing 12-month price-to-book of 1.98X compared with the industry average of 6.03X
Image Source: Zacks Investment Research
ACHR Stock Price PerformanceOver the past three months, ACHR shares have fallen 1.5% compared with the industry’s 0.2% decline.
Image Source: Zacks Investment Research
ACHR’s Zacks RankArcher Aviation currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
