Quick reading
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Archer Aviation (ACHR) reported a net loss of $217.7 million in the first quarter of 2026 and R&D spending of $171.7 million as it advanced into Phase 4 FAA type certification, with cash and equivalents of $951.1 million providing a runway for commercialization tied to initial U.S. air taxi operations planned for 2026.
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Archer is the first eVTOL company to close Phase 3 of FAA certification and has secured the role of Official Air Taxi Provider for the LA28 Olympic Games, three winning eIPP government applications in eight states, and partnerships with NVIDIA, Palantir and Starlink that position it for a multi-revenue stream deployment later this year.
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archer aviation (NYSE:ACHR) delivered first-quarter 2026 results with operating momentum offset by a declining stock price. Our 24/7 Wall St. price target for Archer is $12.01, implying significant upside from current levels with moderate sentiment.
Wall St. 24/7 Price Target: $12.01
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Metric |
Worth |
|---|---|
|
Current price |
$6.54 |
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Wall St. 24/7 Price Target |
$12.01 |
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the other way around |
83.67% |
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Recommendation |
BUY |
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Trust |
50% (moderate) |
This is a buy rating with calibrated expectations. Archer has prior revenue to scale and the path to commercialization goes through the FAA. Our target reflects the analyst consensus adjusted for our own factors.
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Quarterly figures tell a story of spending and progress
Archer reported first quarter 2026 results on May 11, 2026. Earnings per share were -$0.28, revenue was $1.60 million from Hawthorne Airport operations, and net loss widened to $217.70 million. R&D spending increased to $171.7 million as Archer advanced FAA type certification and the Anduril hybrid aircraft program. The adjusted EBITDA loss of $172.50 million was within the expected range.
Cash and equivalents amount to $951.10 million, with total liquidity close to $1.8 billion. Shares rose 540 million to 767 million year over year. The stock is down 25.77% over the past year and 13.03% year-to-date, but rallied 21.11% in the past month heading into the earnings report.
Why bulls see a breakout ahead
The bullish case is based on CEO Adam Goldstein’s thesis: “Archer is now a multi-threat company and we expect to begin initial operations of our air taxis in US cities, win phased government awards and deploy our AI solutions later this year.”
Archer is the first eVTOL company to close Phase 3 of FAA Type Certification and is now in Phase 4. It is the official air taxi provider for the LA28 Olympic Games, was selected in three winning eIPP applications spanning eight states, and is partnering with Anduril on a dual-use hybrid aircraft that Goldstein calls “the most sophisticated vertical lift platform ever developed.”