Archer has said that it has more than $6 billion in orders lined up for its Midnight eVTOLs. There's a substantial risk that the $6 billion in conditional orders don't turn into real revenue any time soon.

Archer Aviation is transitioning from a pre-revenue development stage to early commercialization, with revenue reaching $5.0M in 2026Q2, a significant jump from $300K in 2025Q4.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 10, 2026 | -$0.34-1.3% vs -$0.34 | $5M+157.6% vs $2M |
Q2 2026 May 11, 2026 | -$0.28+9.9% vs -$0.31 | $2M-3.8% vs $2M |
Q2 2026 Mar 2, 2026 | -$0.26-54.7% vs -$0.17 | $300,000-78.6% vs $1M |
Q4 2025 Nov 6, 2025 | -$0.20+33.8% vs -$0.30 | — vs $400,000 |
Archer has said that it has more than $6 billion in orders lined up for its Midnight eVTOLs. There's a substantial risk that the $6 billion in conditional orders don't turn into real revenue any time soon.

ACHR's Q3 earnings approach amid widening loss estimates, Midnight air taxi progress and a 56.4% stock decline, highlighting risks and growth potential.

Archer plans to sell and operate electric air taxis. Its planned Boeing deal could add revenue alongside its burgeoning air taxi business.
A record quarter at the Blade passenger business is lifting Joby Aviation (NYSE:JOBY | JOBY Price Prediction) as the electric air taxi developer pushes into the final stage of federal certification. Joby stock is at $5.
Benchmark ACHR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Archer Aviation Inc. (ACHR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.44 | $3.37B | -4.34 | — | -11589.86% | -40.74% | — | |
| $5.93 | $5.83B | -8.42 | 39183.09% | -462.84% | -40.04% | — | |
| $1.85 | $644.36M | -2.89 | — | — | -535.24% | — | |
| $3.09 | $33.66M | -0.49 | 220.58% | -301.49% | -253.36% | — | |
| $37.41 | $1.11B | 13.89 | 5.3% | 4.98% | 7.47% | — | |
| $109.21 | $4.36B | 22.53 | 18.97% | 5.55% | 11.63% | — |
Archer Aviation Inc. (ACHR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Archer Aviation Inc. (ACHR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 10, 2026·SEC
Aug 10, 2026·SEC
Jun 30, 2026·SEC
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Archer Aviation Inc. (ACHR) stock FAQ — growth, dividends, profitability & financials explained
Archer Aviation Inc. (ACHR) reported $6.9M in revenue over the trailing twelve months. Revenue was $0.3M in fiscal year 2025.
No. Archer Aviation Inc. (ACHR) reported a net loss of $799.7M over the trailing twelve months.
Archer Aviation Inc. (ACHR) had a return on equity (ROE) of -40.7% over the trailing twelve months. A negative ROE means the company lost money over the period.
Archer Aviation Inc. (ACHR) had negative free cash flow of $659.1M over the trailing twelve months.