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Archer Aviation
(NYSE:ACHR)
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Rating:52Neutral
Price Target:
$4.00
▼(-32.89% Downside)
Action:Reiterated
Date:10/21/26
Overall score reflects a company with very weak current financial performance (large losses and substantial cash burn) and bearish technical trends, partially offset by a more constructive earnings-call outlook driven by strong liquidity and the potential for meaningful, profitable revenue from the planned Boeing-unit acquisition. Valuation is hard to support on a P/E basis due to negative earnings and no dividend yield data.
Positive Factors
Low Leverage
Very modest leverage gives Archer financial flexibility while it funds aircraft development, certification and commercialization. The sizable equity base reduces dependence on debt financing and provides a stronger cushion for absorbing ongoing losses during the company’s investment phase.
Negative Factors
Heavy Cash Burn
Large operating and free-cash-flow deficits show that Archer remains dependent on substantial funding while development and commercialization costs exceed internally generated cash. Persistent burn can constrain capital allocation and make future progress increasingly sensitive to execution, financing and integration outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very modest leverage gives Archer financial flexibility while it funds aircraft development, certification and commercialization. The sizable equity base reduces dependence on debt financing and provides a stronger cushion for absorbing ongoing losses during the company’s investment phase.
Read all positive factors
Archer Aviation Key Performance Indicators (KPIs)
Any
Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Data provided by:
The Fly
The FlyArcher Aviation (ACHR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.01B
Dividend YieldN/A
Average Volume (3M)24.46M
Price to Earnings (P/E)―
Beta (1Y)3.42
Revenue GrowthN/A
EPS Growth15.37%
CountryUS
Employees1,160
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-1.08
Shares Outstanding770,023,800
10 Day Avg. Volume21,100,949
30 Day Avg. Volume24,456,243
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)2.13
Price to Sales (P/S)15649.31
P/FCF Ratio-9.17
Enterprise Value/Market Cap0.76
Enterprise Value/Revenue330.21
Enterprise Value/Gross Profit-1.42K
Enterprise Value/Ebitda-3.17
Forecast
1Y Price Target
$10.83Price Target Upside81.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-1.31
Revenue Forecast (FY)$15.18M
Archer Aviation Business Overview & Revenue Model
Company Description
Archer Aviation Inc. is a company focused on urban air mobility, specializing in the development, manufacturing, and operation of electric vertical takeoff and landing (eVTOL) aircraft for passenger transport. Initially incorporated as Atlas Crest...
Archer Aviation Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presents a largely positive strategic inflection: Archer announced major acquisitions and partnerships (Boeing, Wisk, Insitu, SkyGrid), meaningful product and test progress (Midnight FAA milestones, Halo/Thunder reveal, ZEE breakthroughs), and maintains strong liquidity ($1.6B). However, near-term financials still reflect sizable adjusted EBITDA losses, revenue remains small ($5M in Q2) and significant execution, integration and regulatory risks persist. On balance, the breadth of strategic wins, immediate revenue/profitability from Insitu and disciplined spend guidance outweigh the short-term challenges and timeline risks.Positive Updates
Strategic Boeing Transaction and Acquisitions
Announced agreement to acquire Wisk Aero, Insitu and SkyGrid from Boeing in an all-stock deal with Boeing taking a strategic equity stake; expected to close by year-end. Transaction positions Archer as a diversified aerospace, defense and autonomy platform and creates collaboration avenues with Boeing.
Negative Updates
Revenue Scale Remains Small
Despite 213% QoQ growth, total Q2 revenue was only $5 million — indicating core commercial revenue remains nascent relative to development spend and company scale.
Read all updates
Q2-2026 Updates
Positive
Negative
Strategic Boeing Transaction and Acquisitions
Announced agreement to acquire Wisk Aero, Insitu and SkyGrid from Boeing in an all-stock deal with Boeing taking a strategic equity stake; expected to close by year-end. Transaction positions Archer as a diversified aerospace, defense and autonomy platform and creates collaboration avenues with Boeing.
Read all positive updates
Company Guidance
Management reiterated a range of specific financial and operational targets: Q2 revenue rose to $5 million (up 213% sequentially) and Q2 adjusted EBITDA was a $177 million loss (on the low end of their $170–$200 million guidance), with Q3 adjusted EBITDA expected to remain in that $170–$200 million loss range and liquidity of $1.6 billion. They plan to close the Boeing/Wisk/Insitu/SkyGrid transaction by year‑end; Insitu is profitable today with >$200 million of annual revenue across 35 countries, has built >4,000 UAS with ~2 million autonomous flight hours, and is expected to produce positive free cash flow after closing to help keep net cash burn relatively flat through integration. Key program milestones include being in the FAA’s fourth and final type‑certification phase with a fully accepted means of compliance and an FAA‑approved quality management system (for‑credit testing this year), >150 piloted test flights (up to five flights/day, many >50 miles), planned eIPP operations later this year, Halo/Thunder first flight targeted next year with customer deliveries in 2029 and scaling in 2030 (TAM >$100B), and ZEE targeted to be revenue‑generating and profitable as early as next year with a potential ramp in the back half of 2027.Archer Aviation Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.90M | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.60M | 0.00 | 0.00 | -5.80M | -7.70M | 0.00 |
| EBITDA | -719.80M | -597.90M | -524.90M | -450.90M | -312.90M | -239.70M |
| Net Income | -799.70M | -618.20M | -536.80M | -457.90M | -317.30M | -347.80M |
Balance Sheet | ||||||
| Total Assets | 2.21B | 2.47B | 1.00B | 554.30M | 573.80M | 768.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.96B | 834.50M | 464.60M | 531.20M | 746.90M |
| Total Debt | 125.60M | 121.90M | 79.00M | 23.20M | 22.20M | 23.10M |
| Total Liabilities | 298.70M | 263.10M | 248.60M | 187.20M | 80.50M | 69.50M |
| Stockholders Equity | 1.89B | 2.20B | 752.60M | 367.10M | 493.30M | 698.90M |
Cash Flow | ||||||
| Free Cash Flow | -659.10M | -511.70M | -450.60M | -315.90M | -207.30M | -111.90M |
| Operating Cash Flow | -539.50M | -432.90M | -368.60M | -271.60M | -200.40M | -108.40M |
| Investing Cash Flow | -1.01B | -1.18B | -82.00M | 420.70M | -464.30M | -3.50M |
| Financing Cash Flow | 680.10M | 1.80B | 820.40M | 250.10M | -9.90M | 822.20M |
Archer Aviation Technical Analysis
Negative
5.96
Price Trends
5.27
Negative
5.25
Negative
5.92
Negative
Market Momentum
-0.40
Positive
31.26
Neutral
9.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACHR, the sentiment is Negative. The current price of 5.96 is above the 20-day moving average (MA) of 4.50, above the 50-day MA of 5.27, and above the 200-day MA of 5.92, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 31.26 is Neutral, neither overbought nor oversold. The STOCH value of 9.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACHR.
Archer Aviation Risk Analysis
Archer Aviation disclosed 51 risk factors in its most recent earnings report. Archer Aviation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Archer Aviation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $4.56B | -148.32 | -2.01% | 3.82% | 7.85% | 22.99% | |
52 Neutral | $3.01B | -3.62 | -40.86% | ― | ― | 15.37% | |
52 Neutral | $2.09B | -5.73 | -20.75% | ― | 63.10% | 55.06% | |
50 Neutral | $777.93M | 246.25 | 0.75% | ― | 62.23% | ― | |
44 Neutral | $257.33M | -2.29 | -36.65% | ― | -3.42% | -3.03% | |
44 Neutral | $64.93M | 2.40 | -171.87% | ― | ― | ― |
* Industrials Sector Average
ACHR
Archer Aviation
3.91
-7.43
-65.52%
MRCY
Mercury Systems
74.87
-3.68
-4.68%
EH
Ehang Holdings
3.40
-14.47
-80.99%
EVTL
Vertical Aerospace
0.39
-4.27
-91.72%
SKYH
Sky Harbour Group
9.53
-0.64
-6.29%
RDW
Redwire
8.36
0.12
1.46%
Archer Aviation Corporate Events
Legal Proceedings
Court Narrows Claims in Archer–Joby Legal Dispute
Neutral
Oct 2, 2026
On September 29, 2026, the U.S. District Court for the Northern District of California issued a ruling on motions to dismiss in Joby Aero, Inc. v. Archer Aviation Inc., narrowing the claims against Archer and one of its employees. The Court dismis...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Archer Advances Boeing Unit Acquisition After Antitrust Clearance
Positive
Sep 24, 2026
On September 24, 2026, Archer Aviation reported that the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired at 11:59 p.m. EDT on September 18, 2026, for its planned acquisition of Boeing subsidiaries Wisk Aero,...
Delistings and Listing Changes
Archer Aviation Announces Expiration of Public Warrants
Neutral
Sep 4, 2026
Archer Aviation Inc. has reminded holders of its public warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50, that these warrants will expire on September 16, 2026, at 5:00 p.m. New York City time, after ...
Private Placements and FinancingRegulatory Filings and Compliance
Archer Aviation Registers Vendor Equity Resale Shares
Neutral
Aug 18, 2026
On August 18, 2026, Archer Aviation filed a prospectus supplement with the SEC covering the resale of 8,261,273 shares of Class A common stock that had been issued to certain vendors in exchange for services rendered and goods purchased. The share...
Business Operations and StrategyM&A Transactions
Archer Aviation to Acquire Boeing’s Wisk and Units
Positive
Aug 10, 2026
On August 9, 2026, Archer Aviation entered into a definitive agreement with Boeing to acquire all equity interests in Wisk Aero, SkyGrid and Insitu, along with related entities, in a stock-based transaction that will make Boeing a significant shar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.