Archer Aviation Q2 revenue beats estimates

Archer Aviation

10/08/2026 21:19

Overview
U.S. electric aircraft developer's Q2 revenue rose, beating analyst expectations
Q2 adjusted EBITDA loss was lower than consensus estimate
Company announced deal to acquire Boeing’s Wisk Aero, Insitu and SkyGrid, adding over $200 mln annual revenue

Outlook
Archer expects Q3 2026 adjusted EBITDA loss of $170 mln to $200 mln
Company says Insitu acquisition expected to add over $200 mln in annual revenue
Archer highlights ongoing investments in flight testing, certification, and platform development

Result Drivers
AIRPORT OPERATIONS - Revenue growth driven by expanded operations at Hawthorne Airport in LA
R&D AND PRODUCTION SPENDING - Higher operating expenses due to increased investment in flight testing, certification, production for Midnight aircraft, hybrid aircraft design, and AI model development

Company press release: ID:nBw5gZ7Gda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$5 mln
$1.96 mln (7 Analysts)
Q2 Loss Per Share
 
$0.34
 
Q2 Net Loss
 
$263.20 mln
 
Q2 Adjusted EBITDA
Beat
-$177.10 mln
-$187.61 mln (7 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "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 $11.50, about 105.7% above its August 7 closing price of $5.59

Reuters Recommended Reads
Aug 10 - Archer to buy Boeing's Wisk, two other units for nearly 20% equity stake
Aug 10 - Retail investors sold SpaceX shares for first time on Friday
Aug 10 - Rocket Lab forecasts quarterly revenue above estimates on satellite, launch demand

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.)