Earnings Releases·Nov 9, 2026, 4:07 PM ET

Archer — Q3 2026 Earnings Summary

Adjusted EBITDA met quarterly guidance, supported by $1.4 billion in liquidity and the pending acquisition of profitable Insitu, which generates over $200 million in annual revenue.
Regulatory approvals for the Boeing acquisitions (Wisk, Insitu, SkyGrid) are nearly complete with only one of nearly 20 outstanding, expected to close sooner than previously indicated.
Strategic milestones include FAA Market Survey Special Airworthiness Certification for the Midnight aircraft, selection as the Official Air Taxi Provider for the 2028 LA28 Olympics, and a strategic alliance with Formula 1.
Flight testing for the Halo/Thunder hybrid autonomous VTOL platform with Anduril is on track to begin next year, with full-scale flights for the Midnight air taxi planned for 2027.
The company remains in an early stage with projected future losses, and the Midnight aircraft is in the final phase of FAA type certification, with closing conditions and regulatory approvals remaining key risks.