Archer Aviation has announced operating and financial results for the third quarter ended September 30, 2026.
Revenue was USD5.1 million. Net Loss was USD274.6 million and Adjusted EBITDA was a loss of USD178.5 million, “at the favourable end of the company’s guided range of USD170 million to USD200 million,” said the company in its results statement. “Archer ended the quarter with USD1.4 billion in cash, cash equivalents and short-term investments, providing the Company a continued strong foundation.”
Q3 2026 operating expenses increased by USD10.1 million from Q2 2026 as the company continued to invest in expanding flight testing, certification efforts, and production activities for its Midnight aircraft, along with the investment in the design and development efforts for its hybrid aircraft, and the development of its AI products, with research and development expenses increasing by USD12.3 million, partially offset by a USD2.9 million decrease in general and administrative expenses.
Q3 2026 Net Loss increased by USD11.4 million from Q2 2026 primarily driven by USD10.1 million increase in operating expenses and a USD1.6 million decrease in interest income, net.
In terms of operational performance during Q3 2026, Archer’s Midnight aircraft recently received its Market Survey Special Airworthiness Certificate from the FAA unlocking piloted operations in Los Angeles in preparation for carrying passengers as part of the eIPP and LA28 Olympic Games. Acquisition of Boeing’s Wisk, Insitu, and SkyGrid businesses nearing close, set to accelerate Archer’s evolution into becoming a diversified aerospace and defense platform with significant revenue generating operations. It has also begun testing turboshaft engine for Halo/Thunder hybrid, autonomous VTOL platform; full-scale flight testing is on track for 2027, reports the company.
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(Image: Archer)