Archer Aviation (NYSE:ACHR) Posts Earnings Results, Misses Expectations By $0.01 EPS

Posted by George Bondi on Nov 9th, 2026

Archer Aviation (NYSE:ACHR – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.01), FiscalAI reports. The firm had revenue of $5.10 million for the quarter, compared to analyst estimates of $3.57 million.

Here are the key takeaways from Archer Aviation’s conference call:

The FAA granted Midnight a Market Survey Special Airworthiness Certificate, allowing Archer to begin flights in Los Angeles and advance toward passenger-carrying operations. The authorization covers the aircraft’s current CTOL configuration; Archer says it plans to pursue the same process for VTOL operations.
Archer reported progress in the final phase of FAA type certification and said piloted transition flights are on track to reach a milestone by year-end. Management cited more than 260 piloted test flights, while acknowledging certification remains a rigorous process.
Third-quarter revenue was $5.1 million, driven in part by initial engine deliveries for Anduril’s Omen program, and the adjusted EBITDA loss of $178.5 million was within guidance. Archer ended the quarter with $1.4 billion in liquidity.
Archer expects its pending acquisition of Wisk, SkyGrid, and Insitu from Boeing to close soon, with one approval still outstanding. Management said Insitu has historically generated more than $200 million in annual revenue and positive operating cash flow, though post-close growth and integration plans remain to be detailed.
For the fourth quarter, Archer forecast standalone revenue of $5 million to $6 million and an adjusted EBITDA loss of $185 million to $205 million. The projected loss range is higher than the third-quarter loss as the company continues investing in certification, flight testing, and development programs.

Archer Aviation Stock Up 8.9%

Shares of ACHR traded up $0.40 during mid-day trading on Monday, hitting $4.83. 39,107,379 shares of the company’s stock were exchanged, compared to its average volume of 34,597,531. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -4.48 and a beta of 3.59. Archer Aviation has a fifty-two week low of $3.62 and a fifty-two week high of $9.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 10.21 and a current ratio of 10.21. The stock’s 50-day moving average is $4.87 and its 200-day moving average is $5.73.

Insider Activity

In related news, CAO Harsh Rungta sold 13,880 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $6.41, for a total transaction of $88,970.80. Following the sale, the chief accounting officer directly owned 110,847 shares of the company’s stock, valued at $710,529.27. This represents a 11.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Priya Gupta sold 10,015 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $6.41, for a total transaction of $64,196.15. Following the sale, the chief financial officer owned 202,784 shares in the company, valued at approximately $1,299,845.44. This trade represents a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 176,657 shares of company stock valued at $1,122,371. 5.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ACHR has been the subject of several research reports. UBS Group reiterated an “overweight” rating on shares of Archer Aviation in a report on Tuesday, August 11th. Cantor Fitzgerald restated an “overweight” rating and set a $11.00 price target on shares of Archer Aviation in a research note on Tuesday, August 11th. HC Wainwright restated a “buy” rating on shares of Archer Aviation in a research note on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Archer Aviation in a research report on Tuesday, August 11th. Finally, Barclays raised Archer Aviation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $4.50 to $8.00 in a research note on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Read Our Latest Report on Archer Aviation

Archer Aviation Company Profile

(Get Free Report)

Archer Aviation is an aerospace company based in San Jose, California, that develops electric vertical takeoff and landing (eVTOL) aircraft and related services. Its aircraft are designed for short passenger trips, including potential air taxi routes between urban areas and nearby airports.

The company’s primary aircraft is Midnight, a piloted eVTOL designed to carry four passengers and a pilot. Archer is working to bring the aircraft to commercial service, subject to regulatory approvals, and is pursuing operations in the United States and international markets.

Founded in 2018, Archer was co-founded by Adam Goldstein, who serves as its chief executive officer, and Brett Adcock.