Archer Aviation reports Q3 2026 results, secures FAA certification for Midnight and nears Boeing acquisition
+2 new sources since this summary was written
Archer Aviation announced third‑quarter 2026 financials and said its Midnight aircraft received the FAA Market Survey Special Airworthiness Certificate, clearing the way for passenger flights in Los Angeles. The company reported $5.1 million of revenue, a net loss of $274.6 million and adjusted EBITDA loss of $178.5 million. It also said the pending acquisition of Boeing’s Wisk, Insitu and SkyGrid businesses is close to closing, which would make Boeing its largest shareholder. Management reaffirmed a target to begin passenger operations in 2027 and guided Q4 revenue of $5‑$6 million with adjusted EBITDA losses of $185‑$205 million.
Why it matters
The FAA certification reduces regulatory risk for Archer’s commercial rollout, while the Boeing acquisition could add over $200 million of annual revenue from Insitu. However, the widened loss and cash burn mean investors must rely on the $1.4 billion cash position to fund ongoing development.
Key facts
- 1Midnight received the FAA Market Survey Special Airworthiness Certificate, unlocking operations in Los Angeles. morningstar.com
- 2Revenue for the quarter was $5.1 million. morningstar.com
- 3Net loss for the quarter was $274.6 million. morningstar.com
- 4Adjusted EBITDA loss was $178.5 million. morningstar.com
- 5Liquidity at quarter‑end was approximately $1.4 billion. morningstar.com
- 6The acquisition of Boeing’s Wisk, Insitu and SkyGrid businesses is nearing close, with Boeing to become Archer’s largest shareholder. morningstar.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.