TLDR
- ACHR stock jumped 12% after Archer announced a deal to acquire three Boeing subsidiaries: Wisk Aero, SkyGrid, and Insitu
- Insitu already generates over $200 million in annual revenue and operates in 35 countries
- Boeing will take a nearly 20% stake in Archer as part of the deal
- Q2 revenue came in at $5 million, beating estimates of $2.01 million, while EPS matched forecasts at -$0.34
- Midnight became the first eVTOL to complete Phase 3 of the FAA’s four-phase Type Certification process
Archer Aviation closed at $6.26 on Monday, up 12% after the company announced a major deal with Boeing and reported Q2 earnings that beat revenue expectations.
The stock has been under pressure longer term, down 34% over the past 12 months. But Monday’s session told a different story.
Archer agreed to acquire three Boeing subsidiaries: Wisk Aero, SkyGrid, and Insitu. The deal marks a clear pivot from a single-product eVTOL company toward a broader aerospace and defense platform.
$ACHR (Archer Aviation) #earnings are out: pic.twitter.com/Riz3zBOuP2
— The Earnings Correspondent (@earnings_guy) August 10, 2026
Wisk Aero brings flight-control, sensor, and radar systems. SkyGrid adds air traffic management tools for automated airspaces. Insitu, the most commercially mature of the three, makes uncrewed aircraft for the U.S. military and already pulls in more than $200 million in annual revenue.
Boeing will take a nearly 20% stake in Archer as part of the agreement. The two companies will also share access to Wisk’s core autonomous flight technology.
“This is the next big step forward in becoming a diversified platform, rapidly growing our revenue base, and bringing scale to our business,” CEO Adam Goldstein said.
Midnight Reaches Phase 4 of FAA Certification
While the Boeing deal grabbed headlines, Archer’s Midnight air taxi continues to move through the FAA certification process.
Archer completed Phase 3 of the FAA’s four-phase Type Certification process in April, becoming the first eVTOL company to reach that milestone. Phase 4 is now underway, requiring Archer to demonstrate Midnight meets FAA airworthiness standards through formal testing.
A recent piloted flight between Salinas and Monterey was conducted with the FAA and supports plans to begin Midnight operations later this year under the White House’s eVTOL Integration Pilot Program.
On the earnings side, Q2 revenue hit $5 million against a consensus estimate of $2.01 million. EPS came in at -$0.34, matching analyst forecasts.
Archer also unveiled two new aircraft in July alongside defense company Anduril. Halo targets commercial uses and Thunder is aimed at defense missions. Both are built on the same autonomous hybrid VTOL platform.
Rising Costs Are the Main Risk
Archer’s operating expenses climbed to $284.2 million in Q2, up from $176.1 million a year earlier.
Management guided for an adjusted EBITDA loss of $170 million to $200 million in Q3. That cash burn is the central concern as Archer takes on multiple programs at once.
Archer says it currently has enough cash to support its strategy. The Boeing acquisition, if it closes, would add an established revenue stream through Insitu’s defense contracts.
Wall Street analysts rate ACHR a Strong Buy, with an average price target of $11.75 based on four ratings in the past three months. That implies roughly 87% upside from the current price of $6.26.
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