Archer Aviation (ACHR)
Developer of Midnight air taxis and Halo/Thunder autonomous hybrid VTOL aircraft.
Something off on this page? Send us feedback.
Develops Midnight electric air taxis and the Halo/Thunder autonomous hybrid VTOL platform for commercial and defense customers. Planned revenue combines aircraft sales, related technologies and services, and operated air-taxi flights; the aircraft business remains pre-commercial and tied to certification and manufacturing scale-up.
Develops Midnight, a piloted electric vertical-takeoff-and-landing aircraft for short air-taxi trips. Planned commercial revenue spans aircraft and technology sales, related services, and direct-to-consumer flights, with early operating work concentrated in the United States and United Arab Emirates.
Extends its aircraft stack through Halo and Thunder, the commercial and defense variants of an autonomous hybrid-electric VTOL platform developed with Anduril. Builds early aircraft on Silicon Valley manufacturing lines and applies those lessons to its Georgia high-volume facility, while keeping propulsion, flight controls, composites, and aviation AI among its core technologies.
Meaningful aircraft revenue has not begun. Commercialization depends on aircraft design completion, type and production approvals, manufacturing ramp-up, local operating permissions, suppliers, and partners; the proposed Wisk, Insitu, and SkyGrid acquisitions remain subject to closing.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $13 | Target: $11 |
| Aug 11, 2026 | Needham | Reiterate | Rating: —Target: — | Target: $9 |
| Aug 11, 2026 | Wells Fargo | Target | Target: — | Target: $18 |
| May 12, 2026 | Canaccord Genuity | Reiterate | Rating: —Target: $13 | Target: $12 |
| Dec 1, 2025 | Goldman Sachs | Target | Target: — | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.56B · Total debt $125.6M · Total assets $2.21B · Shareholders' equity $1.89B
- Revenue
- $5.0M
- Operating income
- −$279.2M
- Net income
- −$263.2M
No dividends on record.
| Institutions | 50.99% | 392.64M shares | |
|---|---|---|---|
| 566 holders · as of Jun 30, 2026 | |||
| Insiders | 16.21% | 124.81M shares | |
| 13 holders · as of Aug 21, 2026 | |||
| Other | 32.80% | 252.58M shares | |
| remainder | |||
770.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
N.V. Stellantis1,2Insider10 percent owner | 10.16% | 78.24M | filed Jan 6, 2026 |
BlackRock, Inc.Institution | 7.82% | 60.24M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.32% | 48.67M | as of Jun 30, 2026 |
Adam D. GoldsteinInsiderdirector, officer: Chief Executive Officer | 5.56% | 36.37M · 6.46M | filed Jan 3, 2025 |
Ark Investment Management LLCInstitution | 4.15% | 31.96M | as of Jun 30, 2026 |
- N.V. Stellantis's transaction reports restate only vehicles that traded; the 2026 ownership statement (78.24M) is used instead.
- N.V. Stellantis reports a block also reported by BlackRock, Inc.; it is counted once, under BlackRock, Inc.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Eric Lentell | officer: Chief Strategy Officer | −100,000 | $6.31 |
| Aug 17, 2026 | Priya Gupta | officer: Interim CFO | −10,015 | $6.41 |
| Aug 17, 2026 | Harsh Rungta | officer: Chief Accounting Officer | −13,880 | $6.41 |
| Aug 17, 2026 | Benjamin Lyon | officer: President, Aircraft OEM | −50,188 | $6.41 |
| Aug 17, 2026 | Eric Lentell | officer: Chief Legal & Strategy Officer | −52,762 | $6.41 |
- Joby Aviation
Closest U.S. eVTOL rival across aircraft, service, and defense
- Eve
Embraer-backed eVTOL and UAM ecosystem competitor
- BETA Technologies
Electric-aircraft peer spanning VTOL, charging, and defense uses
- Vertical Aerospace
UK eVTOL peer with passenger and hybrid-electric ambitions
- EHang (ADR)
Autonomous China eVTOL operator with certified passenger aircraft
- Textron
Incumbent vertical-lift and defense-aircraft competitor
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Archer Aviation | $5.70 | +0.08% | $4.12B | — | — | 597.8 | — |
| Joby Aviation | $6.44 | −0.16% | $6.31B | — | — | 54.2 | +257,493.3% |
| Eve | $2.15 | 0.00% | $728.0M | — | — | — | — |
| BETA Technologies | $23.15 | −0.60% | $4.91B | — | — | 109.4 | — |
| Vertical Aerospace | $0.7250 | −1.31% | $80.2M | — | — | — | — |
| EHang (ADR) | $4.73 | +0.20% | $175.5M | — | — | 3.4 | −44.1% |
| Textron | $78.14 | +0.32% | $13.66B | 15.0 | 11.7 | 0.9 | +3.0% |
| Median | 15.0 | 11.7 | 28.8 | +3.0% |