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Archer Announces Q3 2026 Results; Receives FAA Market Survey Certificate Unlocking LA Operations and Boeing Deal Close Imminent

ACHR
  • Archer received FAA Market Survey Special Airworthiness Certificate for Midnight, unlocking piloted passenger operations in Los Angeles for the eIPP & LA28 Games.
  • Acquisition of Boeing's Wisk, Insitu, and SkyGrid businesses nears closing to create a diversified aerospace & defense platform with over $200M in annual revenue from Insitu.
  • Boeing is set to become Archer's largest shareholder following the acquisition transaction.
  • Testing began on the turboshaft engine for the Halo/Thunder hybrid VTOL platform developed with Anduril, with full-scale flight testing scheduled for 2027.
  • Archer formed a multi-year strategic alliance with Formula 1 to explore integrating eVTOL air taxi services at Grand Prix events.
  • The company completed the Northern California portion of its 'No Roads' tour in October, conducting over 300 miles of piloted flights across the Bay Area.
  • Q3 2026 revenue reached $5.1 million, driven by the first engine deliveries for Omen to Anduril.
  • Q3 2026 net loss was $274.6 million, with Adjusted EBITDA loss of $178.5 million, falling within the guided range.
  • Archer ended the quarter with $1.35 billion in cash, cash equivalents, and short-term investments.
  • Q4 2026 financial estimates project revenue of $5 million to $6 million and an Adjusted EBITDA loss of $185 million to $205 million.