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Archer Aviation (ACHR) Down 14.1% Since Last Earnings Report: Can It Rebound?
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It has been about a month since the last earnings report for Archer Aviation Inc. (ACHR - Free Report) . Shares have lost about 14.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Archer Aviation due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Archer Aviation Inc. before we dive into how investors and analysts have reacted as of late.
Archer Aviation Inc. posted a second-quarter 2026 loss of 25 cents per share, in line with the Zacks Consensus Estimate of a loss of 25 cents.
ACHR’s Revenues
Revenues were $5 million versus the Zacks Consensus Estimate of $2.0 million, representing a 156% beat, as the company remained in the pre-commercial stage. The increase was driven mainly by expanded operations at the Hawthorne Airport in Los Angeles.
Even so, Archer highlighted continued progress toward commercial operations, including piloted city-to-city Midnight flights and preparations for operations later this year under the eVTOL Integration Pilot Program.
Highlights of the Release
During the quarter, ACHR continued to focus on the regulatory and operational work needed to bring its Midnight electric vertical takeoff and landing aircraft to market. The company also advanced its broader aerospace and defense strategy through agreements to acquire Boeing’s Wisk Aero, Insitu and SkyGrid businesses.
The company also expanded its autonomous aircraft initiatives. Archer and Anduril unveiled Halo and Thunder, commercial and defense variants of a jointly developed autonomous hybrid VTOL platform. Archer also introduced ZEE, an AI foundation model designed specifically for aviation.
Archer is also preparing for initial Midnight operations later this year. During the quarter, the company completed piloted city-to-city flights as it continued to advance its aircraft testing and commercial readiness efforts.
ACHR Spending Rises as R&D and G&A Climb
Costs continued to rise as Archer invested heavily in certification, engineering, flight testing and commercialization efforts. Research and development expenses increased to $186.0 million from $122.4 million a year earlier, while general and administrative expenses rose to $93.9 million from $53.7 million. Total operating expenses increased to $284.2 million, reflecting continued investment in Midnight, hybrid aircraft development and the company’s ZEE AI platform.
Liquidity remained a key investor focus given Archer’s high development spending. The company ended the quarter with $1.56 billion in cash, cash equivalents and short-term investments, along with $7.3 million in restricted cash.
Cash used in operating activities was $156.4 million during the quarter. Archer also invested $37.1 million in property and equipment, while spending another $25 million to acquire the fixed-base operator business at Hawthorne Airport.
ACHR Guides for Another Heavy EBITDA Loss in Q3
ACHR expects an adjusted EBITDA loss of $170 million to $200 million in the third quarter of 2026. Management expects continued spending on flight testing, certification, production activities, hybrid aircraft development and other growth initiatives to keep expenses elevated.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
At this time, Archer Aviation has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock has a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Archer Aviation has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
View the Zacks #1 Rank List
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Archer Aviation (ACHR) Down 14.1% Since Last Earnings Report: Can It Rebound?
It has been about a month since the last earnings report for Archer Aviation Inc. (ACHR - Free Report) . Shares have lost about 14.1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Archer Aviation due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Archer Aviation Inc. before we dive into how investors and analysts have reacted as of late.
Archer Reports Second-Quarter Loss, Revenues Beat Estimates
Archer Aviation Inc. posted a second-quarter 2026 loss of 25 cents per share, in line with the Zacks Consensus Estimate of a loss of 25 cents.
ACHR’s Revenues
Revenues were $5 million versus the Zacks Consensus Estimate of $2.0 million, representing a 156% beat, as the company remained in the pre-commercial stage. The increase was driven mainly by expanded operations at the Hawthorne Airport in Los Angeles.
Even so, Archer highlighted continued progress toward commercial operations, including piloted city-to-city Midnight flights and preparations for operations later this year under the eVTOL Integration Pilot Program.
Highlights of the Release
During the quarter, ACHR continued to focus on the regulatory and operational work needed to bring its Midnight electric vertical takeoff and landing aircraft to market. The company also advanced its broader aerospace and defense strategy through agreements to acquire Boeing’s Wisk Aero, Insitu and SkyGrid businesses.
The company also expanded its autonomous aircraft initiatives. Archer and Anduril unveiled Halo and Thunder, commercial and defense variants of a jointly developed autonomous hybrid VTOL platform. Archer also introduced ZEE, an AI foundation model designed specifically for aviation.
Archer is also preparing for initial Midnight operations later this year. During the quarter, the company completed piloted city-to-city flights as it continued to advance its aircraft testing and commercial readiness efforts.
ACHR Spending Rises as R&D and G&A Climb
Costs continued to rise as Archer invested heavily in certification, engineering, flight testing and commercialization efforts. Research and development expenses increased to $186.0 million from $122.4 million a year earlier, while general and administrative expenses rose to $93.9 million from $53.7 million. Total operating expenses increased to $284.2 million, reflecting continued investment in Midnight, hybrid aircraft development and the company’s ZEE AI platform.
Archer Maintains Strong Liquidity Despite Cash Burn
Liquidity remained a key investor focus given Archer’s high development spending. The company ended the quarter with $1.56 billion in cash, cash equivalents and short-term investments, along with $7.3 million in restricted cash.
Cash used in operating activities was $156.4 million during the quarter. Archer also invested $37.1 million in property and equipment, while spending another $25 million to acquire the fixed-base operator business at Hawthorne Airport.
ACHR Guides for Another Heavy EBITDA Loss in Q3
ACHR expects an adjusted EBITDA loss of $170 million to $200 million in the third quarter of 2026. Management expects continued spending on flight testing, certification, production activities, hybrid aircraft development and other growth initiatives to keep expenses elevated.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
At this time, Archer Aviation has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock has a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Archer Aviation has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.