Mergers & Acquisitions ·
Archer Aviation Inc. reported second quarter 2026 financial results, announcing a net loss of $263.2 million and…
ACHR-WTArcher Aviation Inc.
Archer Aviation Inc. reported second quarter 2026 financial results, announcing a net loss of $263.2 million and revenue of $5.0 million, compared to a net loss of $217.7 million in the prior quarter. The company ended Q2 with approximately $1.6 billion in cash, cash equivalents, and short-term investments. Concurrently, Archer announced a strategic agreement to acquire Boeing-owned Wisk Aero, Insitu, and SkyGrid in exchange for equity stakes held by Boeing, aiming to create an end-to-end physical AI platform for aerospace and defense. The acquisition adds over $200 million in annual revenue from the profitable Insitu business. Additionally, the company unveiled the Halo/Thunder autonomous hybrid VTOL platform developed with Anduril and introduced ZEE, a purpose-built aviation AI foundation model. Archer operates in the electric vertical takeoff and landing (eVTOL) aircraft and aerospace technology industry.