Archer posts a $263M Q2 loss, guides to a $170–200M Q3 EBITDA loss, and details a Boeing deal that adds over $200M in revenue
ACHR sits 45% above its 52-week low of $4.3 on elevated volume (2.9× avg).
Summary
Archer Aviation posted a $263.2M Q2 net loss and guided to a $170–200M Q3 EBITDA loss, while detailing its transformative Boeing deal that adds over $200M in annual revenue from Insitu and a strategic equity stake from Boeing.
Key Events · Earnings and Guidance · ACHR
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Q2 Net Loss Widens to $263.2M
Revenue reached $5.0M, up from $1.6M in Q1, but operating expenses surged to $284.2M, driving a net loss of $263.2M versus $217.7M in Q1. Cash and equivalents ended at ~$1.6B.
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Q3 Guidance: $170-200M EBITDA Loss
An Adjusted EBITDA loss of $170 million to $200 million is expected in Q3 2026, reflecting continued heavy investment in Midnight certification, hybrid aircraft development, and AI.
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Boeing Deal Adds $200M+ Profitable Revenue
The acquisition of Insitu brings over $200 million in annualized revenue and is profitable, with operations in 35 countries. Boeing will take a strategic equity stake with a lockup and commit to future investment.
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Deal Expected to Close by Year-End 2026
The transaction, which includes Wisk Aero and SkyGrid, is subject to regulatory approvals and other closing conditions. Management stated integration will not structurally increase overall cash burn.
Analysis · ACHR · Manufacturing
The second quarter brought a widening net loss of $263.2 million on $5.0 million in revenue, with cash burn accelerating. Looking ahead, management guided for another $170–200 million Adjusted EBITDA loss in Q3. The filing also sheds new light on the Boeing acquisition: Insitu alone contributes over $200 million in annualized profitable revenue, Boeing takes a strategic equity stake with a lockup, and the deal is expected to close by year-end without structurally increasing cash burn. This transforms Archer from a pre-revenue air taxi developer into a diversified aerospace and defense platform with immediate scale, but the near-term cash consumption remains intense.
At the time of this filing, ACHR was trading at $6.22 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $4.30 to $14.62. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.