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Archer Aviation Q3 2026 Earnings Call
Archer Aviation reports $5.1M revenue and FAA market survey certificate for Midnight air taxi.
In brief
Archer Aviation reports $5.1M revenue and FAA market survey certificate for Midnight air taxi. Archer Aviation achieved $5.1 million revenue from first engine deliveries to Anduril and received FAA market survey certificate for Midnight air taxi, enabling piloted operations in Los Angeles. Originally reported by The…
Q3 Revenue
Revenue reached $5.1 million, driven by first engine deliveries to Anduril for Omen platform.
FAA Market Survey Certificate
Received FAA Market Survey Special Airworthiness Certificate for Midnight air taxi operations.
Liquidity Position
Ended Q3 with $1.4 billion in cash, cash equivalents, and short-term investments.
Q4 Revenue Guidance
Guided to $5 million to $6 million revenue for Q4 based on Hawthorne Airport operations.
Q4 Adjusted EBITDA Guidance
Expected loss of $185 million to $205 million due to maturing Midnight certification.
Insitu Revenue
Insitu historically generates north of $200 million annual revenue across 35 countries.
Insitu Operational Scope
More than 4,000 Group 2 and Group 3 unmanned aircraft systems built and fielded.
Midnight Flight Testing
Completed over 118 test flights in Q3 with peak rate of 16 flights per week.
No Roads Tour
28 flights completed in 13 days across eight airports in Northern California.
Manufacturing Pipeline
Nine Midnight aircraft in production for flight testing and passenger trials.
Boeing Transaction
19 of 20 governmental and third-party approvals satisfied for Boeing acquisition.
Infrastructure Network
Five U.S. networks planned in Los Angeles, New York, Bay Area, Miami, and Texas.
Texas Network Expansion
11 planned vertiports across Dallas, Houston, and Austin to connect regional destinations.
Formula 1 Partnership
Multiyear strategic alliance to integrate air taxi services at Grand Prix events globally.
Midnight Performance
Flight speeds exceeding 130 miles per hour recorded during Northern California tour.
Piloted Test Flights
Over 260 total piloted flights completed, including 100 in piloted transition campaign.
Battery and Engine Deliveries
Initial units provided to Anduril for Omen autonomous air vehicle.
Boeing Equity Agreement
$55 million forward equity purchase agreement for future capital access.
ITA Airways Partnership
Joined as first European airline in company's network for Midnight operations.
Anduril Partnership Progress
Testing of turboshaft engine for hybrid autonomous platform began this quarter.
The headline
Archer Aviation achieved $5.1 million revenue from first engine deliveries to Anduril and received FAA market survey certificate for Midnight air taxi, enabling piloted operations in Los Angeles.
