Archer — Q3 2026 Earnings Summary

Archer Aviation has delivered its first Midnight aircraft to Los Angeles to commence the next phase of its "No Roads" tour, following successful test flights in Northern California that earned a Market Survey Special Airworthiness Certificate from the FAA. The company is advancing toward Type Certification with Midnight in the final implementation phase of the FAA process and is on track to begin full-scale flight testing of its Halo/Thunder hybrid VTOL platform with Anduril in late 2027. Archer is simultaneously nearing the closing of its acquisition of Wisk, Insitu, and SkyGrid from Boeing, which will expand its portfolio into revenue-generating unmanned aircraft systems and accelerate its evolution into a diversified aerospace and defense platform. Strategic partnerships have been established with Formula 1 to explore eVTOL services at Grand Prix events and with ITA Airways to introduce Midnight operations in Italy, while the company prepares to serve as the Official Air Taxi Provider for the 2028 LA Games.