ACHR
Archer Aviation Inc.

Archer Aviation Inc.ACHR

Industrials · Aerospace & Defense
4.44USD
+14.73%
Nov 09, 2026
ACHR overview ready
Developer of certified eVTOL aircraft for urban air mobility and defense
Archer is a pre-revenue advanced-air-mobility aircraft developer pursuing certification, production, and initial commercial deployment of its Midnight eVTOL aircraft, while also pursuing government and defense applications.
Theme not measured
EVTOL / Air Mobility has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Delays in regulatory certification.
Market Nov 6Filing Jun 30Price action Nov 8Research Sep 22

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance—BusinessQuality—Valuation0.3ThemeMomentum—A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
eVTOL / Air Mobility — eVTOL / Air Mobility is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Aerospace & Defense, reads Lagging (+0.8pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$3.4B
Avg Volume (60D)
23.6M
60 sessions
Gross Margin
+14.5%
Free Cash Flow Yield
-19.3%
Distance from 200DMA
-22.0%
Next Earnings
2026-11-09
P/E
N/M
EV / Sales
280.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

A revenue trend needs at least three unbroken comparable quarters, so none is read here.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthNot enough data
$5.0M
$5.0M in Q2 FY2026 · no comparable year-ago quarter
Not enough comparable quarters for a YoY sequence.
Earnings growthLoss narrowing
-$0.34
Diluted EPS -$0.34 vs -$0.36 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginNot enough data
—
No year-ago comparison

Business Quality

Not assessed

Not assessed yet — the business is too early-stage for its economics to show in filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
Archer Aviation Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

What changed

  • ACHR rose 14.7% in one session
    ACHR closed +14.7% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Archer is a pre-revenue advanced-air-mobility aircraft developer pursuing certification, production, and initial commercial deployment of its Midnight eVTOL aircraft, while also pursuing government and defense applications.
Opportunity
Moderate opportunity
Commercialization of electric vertical-lift aircraft through aviation certification, pilot and operating-rule integration, initial fleet production, and launch-network deployment.
Key risk
Delays in regulatory certification.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

Archer Aviation designs and develops electric vertical takeoff and landing (eVTOL) aircraft and related technologies for commercial and defense customers, focusing on urban air mobility solutions primarily in the United States.

How it earns

Revenue is expected to be generated through the sale and deployment of eVTOL aircraft and related services once certification and commercial operations commence.

Products & services
Midnight eVTOL aircraft
Aircraft design and development services
Customers & end markets
Urban air mobility operators
Government and defense agencies
Market position

A challenger in the emerging advanced air mobility market pursuing certification and initial fleet production.

Demand drivers
Medium cyclicality

Demand depends on regulatory progress and adoption of new urban air mobility technologies, which can be influenced by economic cycles and infrastructure investment.