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Archer Forecasts $170M–$200M Q3 EBITDA Loss

8/17/2026

31 3 Full Breakdown

Summary

Story summary

Archer Aviation forecast a Q3 EBITDA loss of $170 million to $200 million.
Cash on hand fell to $1.56 billion at end-June from $1.96 billion in December.
Q2 sales were $5 million while net loss totaled $263 million.
Operating expenses rose 61% to $284 million in the quarter.
After completing FAA certification of its Midnight aircraft in April, Archer flew piloted city-to-city flights in July and plans Los Angeles service from Hawthorne this year.

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Story summary

Archer Aviation forecast a Q3 EBITDA loss of $170 million to $200 million.
Cash on hand fell to $1.56 billion at end-June from $1.96 billion in December.
Q2 sales were $5 million while net loss totaled $263 million.
Operating expenses rose 61% to $284 million in the quarter.
After completing FAA certification of its Midnight aircraft in April, Archer flew piloted city-to-city flights in July and plans Los Angeles service from Hawthorne this year.