The stock of Archer Aviation (ACHR) is down after the maker of electric vertical take-off and landing (eVTOL) aircraft reported a wider net loss of $206 million.
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Archer, which specializes in air taxi and military aircraft, reported an earnings per share (EPS) loss in this year’s second quarter of $0.36, which was worse than the $0.25 loss expected among analysts. The company, which is still largely without revenue, ended Q2 with $1.72 billion of cash, nearly five times its total from the same period last year and up 67% from its first-quarter 2025 figure.
“This quarter, we ramped aircraft manufacturing across our facilities in California and Georgia with six Midnight aircraft in production, including three in final assembly,” said Adam Goldstein, Archer Aviation’s CEO, in the company’s earnings release.
Archer Aviation’s earnings per share. Source: Main Street Data
Guidance
In terms of forward guidance, Archer Aviation said that it expects an adjusted loss of $110 million to $130 million for the current third quarter, compared with analysts’ forecast for a loss of $110 million. The company is working with the U.S. Federal Aviation Administration (FAA) on obtaining a production certificate as it continues to build its manufacturing capabilities.
Management said they expect the military aircraft business to be larger than commercial air taxi operations for at least the next 10 years. ACHR stock is down 2% on the year.
Is ACHR Stock a Buy?
The stock of Archer Aviation has a consensus Moderate Buy rating among six Wall Street analysts. That rating is based on four Buy and two Hold recommendations issued in the last three months. The average ACHR price target of $11.92 implies 23.97% upside from current levels. These ratings are likely to change after the company’s financial results.
