Archer Aviation Inc.
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Range $9 – $18
Price Chart
About the company
Archer Aviation Inc. is a company focused on urban air mobility, specializing in the development, manufacturing, and operation of electric vertical takeoff and landing (eVTOL) aircraft for passenger transport. Initially incorporated as Atlas Crest Investment Corp.
- CEO
- Adam D. Goldstein
- IPO
- 2020
- Employees
- 1,160
- HQ
- San Jose, CA, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a weak multi-month downtrend, still below its 200-day moving average of 6.14 and 50-day average of 5.59. It is trading much closer to the 52-week low of 4.30 than the 52-week high of 14.62, which keeps the setup in a recovery phase rather than a confirmed trend reversal.
Street sentiment stays constructive, with a Buy consensus and an average target of 12.5 versus the current share price. Recent updates were mostly reiterations rather than upgrades, and the latest cluster of ratings held at Buy or Overweight, signaling patience on execution rather than a fresh re-rating.
The next print carries a mixed setup: the company has beaten in 3 of the last 7 quarters, but the last two reported quarters were a miss and a flat result. Analysts still expect losses, with next-year EPS at -0.8073 versus TTM EPS of -1.09, so shareholders should watch margin discipline and cash burn.
Recent insider activity leans negative on discretionary trades, with 5 sells and no buys. The sales came from senior leaders including the President of Aircraft OEM, the Chief Strategy Officer, and the Acting CFO, while the August M-exempt entries look like award-related noise rather than conviction signals.
Profitability remains deeply negative, but gross margin is positive at 14.5%, showing the core product still carries some unit economics. The balance sheet is the offset: Archer holds 1.96 billion of cash and equivalents against 121.9 million of total debt, leaving 1.84 billion of net cash.
ACHR trades like a high-beta aerospace name, with beta at 3.27 and a valuation that still reflects early-stage execution risk. Versus the sector, the market is paying for optionality on eVTOL commercialization rather than current earnings power, with losses and cash use still the main comparison point.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $3.77B
- P/E
- -4.59
- PEG
- -0.35
- P/S
- 546.03
- P/B
- 2.05
- EV/EBITDA
- -4.22
- Div Yield
- 0.00%
- Gross Margin
- -23.19%
- Op Margin
- -13630.43%
- Net Margin
- -11589.86%
- ROE
- -40.86%
- ROIC
- -45.61%
Latest fiscal year · YoY change
- Revenue
- $300.00K+0.0%
- Gross Profit
- $0+0.0%
- Op Income
- $-729,300,000
- Net Income
- $-618,200,000-15.2%
- EPS
- $-0.99+30.3%
- OCF Growth
- -17.4%
- FCF Growth
- -13.6%
- 52W High
- $14.62
- 52W Low
- $4.30
- 50D MA
- $5.59
- 200D MA
- $6.12
- Beta
- 3.27
- RSI (14)
- 43
- Avg Volume
- 31.76M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Archer said Q2 marked an inflection point, with $5 million revenue, $1.6 billion liquidity, and a plan to expand from air taxis into defense, autonomy, and aviation AI through its Boeing transaction.· August 10, 2026
- Q2 revenue was $5 million, up 213% sequentially, driven by Hawthorne operations.
- Adjusted EBITDA loss was $177 million, near the low end of the $170 million to $200 million guidance range.
- Archer announced a major Boeing transaction to acquire Wisk, Insitu, and SkyGrid in exchange for Boeing taking a strategic equity stake.
- Management said the deal should expand the platform without structurally increasing cash burn and could add revenue and cash flow from Insitu.
- Midnight certification and flight testing remained on track, with FAA quality management system approval and plans for LA-area and eIPP operations later this year.
Archer reported Q2 revenue of $5 million, up 213% sequentially, with growth driven by operations at Hawthorne Airport in Los Angeles. Q2 adjusted EBITDA was a loss of $177 million, versus guidance of $170 million to $200 million, and management said that was only a slight increase quarter over quarter. The company ended Q2 with $1.6 billion in liquidity. For Q3, Archer expects adjusted EBITDA loss to remain within the same $170 million to $200 million range as it continues Midnight testing, eIPP operations, Halo development, and AI work.
Adam Goldstein framed the quarter as an inflection point, centered on the planned Boeing transaction and Archer’s broadening strategy. He said Archer is evolving into a diversified aerospace and defense platform spanning air taxis, UAS, autonomy, and aviation-specific AI, while emphasizing that Midnight remains core. His tone was highly confident and expansive, but he repeatedly said the company is still in the early stages of integrating the new assets and defining the exact operating strategy.
Priya Gupta highlighted the company’s financial position, citing $1.6 billion in liquidity at quarter-end and Q2 revenue of $5 million, up 213% quarter over quarter. She said Q2 adjusted EBITDA loss of $177 million was within guidance and only a slight increase sequentially. She also said Archer expects the acquisition to contribute synergies, keep post-close cash burn relatively flat, and that Insitu should be positive free cash flow after closing. For Q3, she guided to another adjusted EBITDA loss of $170 million to $200 million.
Analysts focused on how Archer will integrate Wisk, Insitu, and SkyGrid and what the synergies mean for Midnight versus defense programs. Management said Wisk brings complementary autonomy and flight-control expertise, Insitu adds an immediate revenue and cash-flow base with broader ISR growth potential, and SkyGrid complements ZEE in air-traffic-management applications. On Halo/Thunder, management said the platform is a clean-sheet hybrid aircraft aimed at heavier, faster missions, with first flight targeted for next year and customer deliveries in 2029. They also said Midnight remains the core air taxi program and commercial markets remain the larger long-term opportunity.
The call presented multiple near- and medium-term revenue paths: Insitu is already profitable with over $200 million in annual revenue, and management said ZEE-based AI products could become revenue-generating and profitable as early as next year. Archer also said Midnight testing is progressing, with more than 150 piloted test flights and FAA quality system approval. Management sounded confident that the Boeing deal, plus existing partnerships with Anduril and ACES, broadens capabilities without materially worsening the cash profile.
The biggest risks are execution and integration across several new businesses at once, especially since management said it is still early in figuring out the exact strategy and synergies. Halo/Thunder is still pre-commercial, with first flight targeted next year and deliveries not expected until 2029, so it remains a long-dated program. The company also acknowledged that certification and scaling for Midnight are still critical, and that the commercial air taxi market’s timing is hard to predict.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 83.7%
- Shares Outstanding
- 770.03M
- Float Shares
- 635.87M
of shares held by institutions
566 13F filers
Buy/sell ratio 0.68. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 60.24M | ▲ 1.34M |
| Vanguard Group Inc | 54.68M | ▲ 2.31M |
| State Street Corp | 48.67M | ▲ 5.03M |
| Ark Investment Management LLC | 31.96M | ▼ 5.47M |
| Vanguard Capital Management LLC | 29.09M | ▲ 4.54M |
| Vanguard Portfolio Management LLC | 28.69M | ▲ 5.62M |
| Geode Capital Management, LLC | 16.84M | ▲ 2.20M |
| Morgan Stanley | 16.26M | ▲ 5.79M |
| Norges Bank | 7.88M | ▲ 7.88M |
| Nikko Asset Management Americas, Inc. | 7.54M | ▼ 110.05K |
| Sumitomo Mitsui Trust Group, Inc. | 7.52M | ▼ 129.39K |
| Voya Investment Management LLC | 6.83M | ▲ 2.25M |
Held by 290 ETFs
Biggest fund positions in ACHR by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 21, 26 | Lyon Benjamin | sell | 45,359 |
| Aug 20, 26 | Lentell Eric | sell | 100,000 |
| Aug 15, 26 | Lyon Benjamin | other | 41,164 |
| Aug 15, 26 | Lyon Benjamin | other | 54,383 |
| Aug 15, 26 | Lyon Benjamin | other | 41,164 |
| Aug 15, 26 | Lyon Benjamin | other | 54,383 |
| Aug 17, 26 | Lyon Benjamin | sell | 50,188 |
| Aug 15, 26 | Rungta Harsh | other | 21,754 |
| Aug 15, 26 | Rungta Harsh | other | 12,412 |
| Aug 15, 26 | Rungta Harsh | other | 12,412 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our ACHR coverage
Recent articles, reports, and earnings notes.
Archer Aviation (ACHR): Certification Progress vs. Cash Burn
Archer Aviation has made real FAA certification progress and holds $1.8 billion of liquidity, but revenue is still minimal and losses remain heavy. The stock looks like a speculative Hold as commercialization and recurring revenue remain ahead of the curve.
Archer Aviation Inc. (ACHR) climbs on deep earnings beat
Archer Aviation Inc. (ACHR) climbs after a deeper-than-headline earnings beat, with EPS and revenue both topping estimates. The analysis goes beyond the flash, covering Hawthorne-driven revenue growth, FAA certification progress, liquidity, losses, and what the latest quarter signals for the company’s next phase.
Archer Aviation Inc. (ACHR) climbs on earnings beats
Archer Aviation Inc. (ACHR) climbs 10.4% after posting earnings beats, as investors react positively to stronger-than-expected results and improving momentum.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 9, 2026 · Live quote · Not investment advice