ACHR NYSE Earnings call
Archer Aviation Inc. (ACHR) · Q2 2026 results
Share price: $4.86 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 10 Aug 2026 and 11 May 2026
Net loss widened on the previous quarter. Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Loss widened
Net income vs Q1 2026
Outlook given
Net income -263.2M vs -217.7M
Revenue +212.5%
Net income -263.2M vs -206.0M in Q2 2025 and -217.7M last quarter.
2 · How management spoke
Restrained
Less upbeat than 70% of company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
Figure
Archer Aviation is executing all of this from a continued position of financial strength with $1.6 billion in liquidity.
Valuation
Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.
Current price
$4.86
close of 2026-11-11
Free cash flow 2023
−$0.3B
Free cash flow 2024
−$0.5B
Free cash flow 2025
−$0.5B
Read between the lines
-
Guidance
Archer Aviation expects to generate near-term revenue through early operations, both in the U.S.
-
Figure
The company is focused on getting its platform to market as soon as possible because it targets a total TAM greater than what was previously stated.
Source quote
“We are focused on getting this platform to market as soon as possible as it carries a total TAM greater...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“And as Adam discussed, we're excited about the potential for the autonomy capabilities from Wisk to further accelerate the development time line.”
“For both companies, the core of this deal is the opportunity to jointly drive innovation across aerospace, defense and autonomy and deliver long-term value for shareholders.”
“I'm confident that our planned acquisition of Wisk can accelerate the Halo/Thunder program at a fraction of the time it would have taken us to achieve the same results organically.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 5.0M | 1.6M | +212.5% | 0 | |
| Operating income | -279.2M | -254.6M | Loss widened | -176.1M | Loss widened |
| Net income | -263.2M | -217.7M | Loss widened | -206.0M | Loss widened |
| EPS | -0.34 | -0.28 | Loss widened | -0.36 | Loss narrowed |
| P/E | 12-mo loss | 12-mo loss | — | 12-mo loss | — |
Topics
Most discussed now
- New Archer Aviation strongly believe it is uniquely positioned in the sector as it looks ahead, both in terms of product portfolio...
- I founded Archer with one goal, finding the most efficient path to commercializing air taxis and built a world-class team...
- Archer has diversified aerospace and defense platform with a physical AI product portfolio that will span air taxis, unmanned aircraft...
- Archer Aviation expects the planned acquisition to bring meaningful synergies across all platforms, Midnight, Halo/Thunder and ZEE.
- That, in addition to Archer Aviation's existing air taxi platform, its Halo/Thunder platform and aviation-focused AI solutions, will…
Faded since Q1 2026
- Dropped The largest airlines worldwide are also recognizing this moment in stepping up.
- Fading President Trump, the DOT and the FAA delivered the eVTOL integration pilot program last year, creating real-world testing environments…
- Fading The future is arriving all at once, and the investments Archer Aviation is making across its civil, defense and AI software...
- Fading Simultaneously, this administration is targeting to deploy over $20 billion for ATC modernization, an investment that would unlock new…
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Listing notice; Other events · SEC 8-K
- Unregistered share sale; Other events · SEC 8-K
- Results of operations · SEC 8-K
- Material agreement; Unregistered share sale; Regulation FD disclosure · SEC 8-K
- Shareholder vote results · SEC 8-K
- Other events · SEC 8-K