Archer Aviation's third quarter revenue beat estimates at $5.1M as Boeing acquisition nears closing

Archer Aviation reported third quarter 2026 revenue that exceeded analyst expectations, driven by initial battery and engine deliveries for the Anduril Omen platform. While the company recorded a net loss per share of $0.35, it maintained a robust liquidity position of $1.4 billion and achieved key regulatory milestones for its Midnight aircraft ahead of planned Los Angeles operations.

Key Highlights

• Revenue of $5.1 million surpassed the $3.57 million consensus estimate, reflecting the company's expanding aerospace and defense platform revenue.
• Adjusted EBITDA loss of $178.5 million landed at the favorable end of the guided $170M to $200M range, despite a $12.3 million sequential increase in R&D expenses.
• Received the FAA Market Survey Special Airworthiness Certificate for Midnight, allowing for passenger trials and revenue operations under the eIPP and LA28 Games.
• The acquisition of Boeing’s Wisk, Insitu, and SkyGrid is nearing completion with only one of approximately 20 regulatory and third-party approvals remaining.