Archer Aviation Inc (ACHR)
NYSE:ACHR
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Archer Aviation
(NYSE:ACHR)
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Rating:53Neutral
Price Target:
$6.50
▲(6.38% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by heavy losses and substantial cash burn despite early revenue traction. Offsetting factors include a strong liquidity and low-debt position and constructive near-term technical momentum, while valuation is constrained by negative earnings and recent legal disputes add incremental risk.
Positive Factors
Strong liquidity & low leverage
A large cash reserve and minimal debt materially reduce near-term solvency risk and provide a durable runway to fund certification, flight testing, production ramp and defense program investments over the next 2–6 months without immediate refinancing pressure.
Negative Factors
Large, sustained cash burn
Ongoing multi-hundred-million-dollar negative operating and free cash flow imply persistent reliance on external funding; prolonged cash burn can force dilution, constrain discretionary investment, and raise execution risk if certification or commercial ramps slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity & low leverage
A large cash reserve and minimal debt materially reduce near-term solvency risk and provide a durable runway to fund certification, flight testing, production ramp and defense program investments over the next 2–6 months without immediate refinancing pressure.
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
$4.98B
Dividend YieldN/A
Average Volume (3M)40.88M
Price to Earnings (P/E)―
Beta (1Y)3.13
Revenue GrowthN/A
EPS Growth11.41%
CountryUS
Employees774
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-1.10
Shares Outstanding759,598,000
10 Day Avg. Volume56,584,572
30 Day Avg. Volume40,877,236
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 Cap0.86
Enterprise Value/Revenue2.24K
Enterprise Value/Gross Profit-600.67
Enterprise Value/Ebitda-6.08
Forecast
1Y Price Target
$12.20Price Target Upside99.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)-1.35
Revenue Forecast (FY)$10.49M
Archer Aviation Business Overview & Revenue Model
Company Description
Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and c...
How the Company Makes Money
Archer’s monetization strategy centers on (1) selling eVTOL aircraft to operators and (2) potentially operating air taxi services itself, supplemented by (3) services and ecosystem revenue over time.
1) Aircraft sales (primary long-term revenue s...
Archer Aviation Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call emphasized significant strategic and operational progress — including strong liquidity ($1.8B), FAA certification momentum, selection in multiple EIPP applications, growing partnerships, and an active defense program — while acknowledging rising near-term investment and execution risks (most expensive flight-test quarter, Q2 adjusted EBITDA loss guidance of $170–200M, nascent commercial revenue and remaining certification milestones). On balance, highlights around funding, regulatory progress, partnerships and clear commercialization pathways outweigh the near-term cost and timing risks.Positive Updates
Strong Liquidity Position
Archer reported $1.8 billion in liquidity with less than $100 million in debt (debt is under ~5.6% of liquidity), giving the company flexibility to fund civil, defense and software investments.
Negative Updates
Elevated Spend and Near-Term Losses
Management reiterated planned increased investment across civil, defense and software; Q2 adjusted EBITDA loss guidance of $170 million to $200 million reflects elevated near-term cash burn tied to flight test, certification and defense development.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Liquidity Position
Archer reported $1.8 billion in liquidity with less than $100 million in debt (debt is under ~5.6% of liquidity), giving the company flexibility to fund civil, defense and software investments.
Read all positive updates
Company Guidance
Archer guided to a slightly higher investment cadence in Q2 with adjusted EBITDA loss expected to be $170 million to $200 million, while reiterating $1.8 billion of liquidity and less than $100 million of debt; Q1 spend was on guidance and was the company’s most expensive quarter for its flight‑test program as it expands operations at Hawthorne, where it expects revenue to increase in Q2. On certification and operations, Archer said it closed Phase II of the FAA’s 4‑phase type certification process, is deep in other certification work, expects piloted transition and entry into EIPP operations in the second half of 2026, and plans to begin initial air‑taxi operations, start winning phased government defense awards and deploy AI solutions later this year. Production and fleet targets include two aircraft flying today, an initial build of roughly 8–10 aircraft allocated across flight test/EIPP/launch efforts, and industrial preparation to scale toward ~50 aircraft per year; the company also cited a U.S. ATC modernization spending target of over $20 billion and a 3–5 year horizon for growing air traffic needs.Archer Aviation Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.90M | 300.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -7.10M | 0.00 | 0.00 | -5.80M | -7.70M | 0.00 |
| EBITDA | -701.70M | -597.30M | -498.00M | -451.60M | -309.60M | -239.70M |
| Net Income | -742.50M | -618.20M | -536.80M | -457.90M | -317.30M | -347.80M |
Balance Sheet | ||||||
| Total Assets | 2.32B | 2.47B | 1.00B | 554.30M | 573.80M | 768.40M |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 1.96B | 834.50M | 464.60M | 531.20M | 746.90M |
| Total Debt | 43.00M | 42.40M | 79.00M | 23.20M | 22.20M | 23.10M |
| Total Liabilities | 243.40M | 263.10M | 248.60M | 187.20M | 80.50M | 69.50M |
| Stockholders Equity | 2.08B | 2.20B | 752.60M | 367.10M | 493.30M | 698.90M |
Cash Flow | ||||||
| Free Cash Flow | -588.80M | -511.70M | -450.60M | -315.90M | -207.30M | -111.90M |
| Operating Cash Flow | -487.40M | -432.90M | -368.60M | -271.60M | -200.40M | -108.40M |
| Investing Cash Flow | -1.09B | -1.18B | -82.00M | 420.70M | -464.30M | -3.50M |
| Financing Cash Flow | 1.50B | 1.80B | 820.40M | 250.10M | -9.90M | 822.20M |
Archer Aviation Technical Analysis
Positive
6.11
Price Trends
5.87
Positive
6.65
Positive
8.00
Negative
Market Momentum
0.15
Negative
64.22
Neutral
80.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACHR, the sentiment is Positive. The current price of 6.11 is below the 20-day moving average (MA) of 6.21, above the 50-day MA of 5.87, and below the 200-day MA of 8.00, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 64.22 is Neutral, neither overbought nor oversold. The STOCH value of 80.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ACHR.
Archer Aviation Risk Analysis
Archer Aviation disclosed 46 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% | |
61 Neutral | $5.83B | -455.30 | -0.96% | ― | 8.95% | 78.82% | |
54 Neutral | $4.77B | -16.71 | -29.03% | ― | 33.58% | -18.98% | |
53 Neutral | $4.98B | -7.03 | -38.99% | ― | ― | 11.41% | |
48 Neutral | $716.93M | -9.23 | -26.96% | ― | 12.35% | 32.54% | |
46 Neutral | $686.46M | 15.89 | 16.15% | ― | 70.87% | ― | |
44 Neutral | $351.43M | -0.83 | 251.21% | ― | ― | ― |
* Industrials Sector Average
ACHR
Archer Aviation
6.81
-3.28
-32.51%
MRCY
Mercury Systems
108.11
58.86
119.51%
EH
Ehang Holdings
10.26
-5.96
-36.74%
EVTL
Vertical Aerospace
2.81
-2.51
-47.18%
SKYH
Sky Harbour Group
9.15
-1.15
-11.17%
RDW
Redwire
25.90
11.59
80.99%
Archer Aviation Corporate Events
Business Operations and StrategyExecutive/Board Changes
Archer Aviation Announces Executive Leadership Transition and Advisory Role
Neutral
Mar 19, 2026
Archer Aviation Inc. announced that Chief Administrative Officer Tosha Perkins will transition from her current role to serve as a senior advisor to the company, effective April 17, 2026. The move signals an upcoming change in the company’s ...
Business Operations and StrategyLegal Proceedings
Archer Escalates IP Battle Against Joby in eVTOL Market
Negative
Mar 12, 2026
On March 9, 2026, Archer Aviation filed a counterclaim and answer in its ongoing federal court litigation with Joby Aero and Joby Aviation in the U.S. District Court for the Northern District of California. Archer alleges unfair competition and fa...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Archer Aviation Files Prospectus, Plans Share Issuance to Vendors
Neutral
Mar 5, 2026
On March 5, 2026, Archer Aviation filed a prospectus supplement with the SEC to facilitate the resale of 5,325,440 previously issued Class A common shares held by selling stockholders, which were originally issued under stock purchase agreements e...
Business Operations and StrategyLegal Proceedings
Archer Aviation Files Patent Suit Over eVTOL Technology
Negative
Feb 24, 2026
On February 23, 2026, Archer Aviation Inc. filed a patent infringement lawsuit in the U.S. District Court for the Eastern District of Texas against Vertical Aerospace Ltd. and Vertical Aerospace Group Ltd. Archer alleges that Vertical’s Valo...
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.