Archer Aviation Q3 net loss widens on higher operating expenses

Archer Aviation

Mon 21:18

Overview
US eVTOL aircraft developer's Q3 adjusted EBITDA loss beat analyst expectations
Q3 revenue rose slightly to $5.1 mln as company delivered first engines for Omen
Company received FAA certificate unlocking LA operations; Boeing deal close is imminent

Outlook
Archer expects Q4 2026 revenue of $5 mln to $6 mln
Company sees Q4 2026 adjusted EBITDA loss of $185 mln to $205 mln

Result Drivers
OPERATING EXPENSES - Higher operating expenses driven by increased investment in flight testing, certification, production activities for Midnight aircraft, and development of hybrid aircraft and AI products
ENGINE DELIVERIES - Revenue growth attributed to delivery of first engines for Omen to Anduril

Company press release: ID:nBw2y02cCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Loss
 
$274.60 mln
 
Q3 Adjusted EBITDA
Beat
-$178.50 mln
-$188.38 mln (7 Analysts)
Q3 Adjusted Operating Expenses
 
$195.40 mln
 
Q3 Operating Expenses
 
$294.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $11.10, about 150% above its November 6 closing price of $4.44

Reuters Recommended Reads
Nov 9 - Boeing to cut 5% of commercial jet workforce amid production struggles
Nov 9 - Air Industries returns to profit in Q3 on margin improvement

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.)