Archer Aviation Q1adjusted EBITDA loss narrows on Hawthorne Airport expansion

Archer Aviation

11/05/2026 21:15

Overview

US eVTOL aircraft developer's Q1 revenue rose, beating analyst expectations

Q1 adjusted EBITDA loss was a slight beat versus consensus

Company highlighted record FAA certification progress and expects US operations to start in 2026

Outlook

Archer expects US operations to begin in 2026 under eIPP and for LA28 Olympic Games

Company expects phased government awards for hybrid, autonomous aircraft later in 2026

Archer expects Q2 2026 Adjusted EBITDA loss of $170 mln to $200 mln

Result Drivers

HAWTHORNE AIRPORT OPERATIONS - Revenue growth attributed to expanded operations at Hawthorne Airport in Los Angeles

INCREASED FLIGHT TESTING AND CERTIFICATION SPEND - Operating expenses rose due to investment in expanding flight testing, certification efforts, and production activities for Midnight aircraft

HYBRID AND AUTONOMOUS AIRCRAFT DEVELOPMENT - Additional spending driven by design and development efforts for hybrid and autonomous aircraft

Company press release: ID:nBw3bVth7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.60 mln
$900,000 (5 Analysts)
Q1 EPS
-$0.28
Q1 Net Income
-$217.70 mln
Q1 Adjusted EBITDA
Slight Beat*
-$172.50 mln
-$174.05 mln (7 Analysts)
Q1 Adjusted Operating Expenses
$181.90 mln
Q1 Operating Expenses
$256.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Archer Aviation Inc is $12.50, about 92.9% above its May 8 closing price of $6.48

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)