Archer Aviation Q3 net loss widens on higher operating expenses
ACHR•ACHR•ACHR•ACHR•Archer Aviation reported a third-quarter net loss of $274.6 million as operating expenses rose to $294.3 million. Revenue increased slightly to $5.1 million, and adjusted EBITDA loss of $178.5 million was narrower than analyst expectations; the company expects fourth-quarter revenue of $5 million to $6 million.
Archer Aviation’s third-quarter net loss was $274.6 million, with operating expenses of $294.3 million. Adjusted EBITDA loss was $178.5 million, compared with the $188.38 million analyst consensus, while revenue rose slightly to $5.1 million.
Higher operating expenses reflected increased investment in flight testing, certification and production activities for its Midnight aircraft, as well as development of hybrid aircraft and AI products. Archer attributed revenue growth to delivering its first engines for Omen to Anduril. It expects fourth-quarter 2026 revenue of $5 million to $6 million and an adjusted EBITDA loss of $185 million to $205 million.
