Archer Aviation - Archer Announces Second Quarter 2026 Results; Announces Deal with Boeing to Shape Physical AI Future of Aerospace and Defense
News
View All News
Archer Announces Second Quarter 2026 Results; Announces Deal with Boeing to Shape Physical AI Future of Aerospace and Defense
Aug 10, 2026
Download<br>(opens in new window)
Announced deal to acquire Boeing’s Wisk Aero, Insitu and SkyGrid to create an end-to-end physical AI platform for aerospace and defense and adding over $200M in annual revenue to Archer’s business with Boeing to invest in and collaborate with Archer.
Unveiled Halo/Thunder, the commercial and defense variants of Archer’s jointly-developed autonomous, hybrid VTOL platform with Anduril.
Announced ZEE, Archer’s AI foundation model purpose-built for aviation and its frontier breakthrough for aviation safety.
Completed piloted city-to-city Midnight flights in preparation for operations later this year under the White House’s eVTOL Integration Pilot Program (eIPP).
SANTA CLARA, Calif.--(BUSINESS WIRE)--<br>Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the second quarter ended June 30, 2026. The Company issued a shareholder letter from founder and CEO, Adam Goldstein, discussing highlights from the quarter.<br>Pictured: Halo, the commercial variant of Archer’s autonomous, dual-use platform.
Commenting on second quarter 2026 results, Adam Goldstein said:<br>“Today is an important inflection point for Archer. With the planned acquisitions of Wisk, Insitu, and SkyGrid from Boeing, coupled with our recent unveiling of Halo, ZEE, and ACES, we are rapidly advancing our diversified, multi-platform strategy across air taxis, UAS and AI to lead the next generation of aerospace and defense.”<br>Live Webcast Details<br>Archer will host a live webcast to discuss its results at 2:00 p.m. Pacific Time today. The live webcast and replay are accessible via Archer’s investor relations website at investors.archer.com or conference call by visiting https://events.q4inc.com/attendee/810358512<br>Recent Highlights<br>Archer to Acquire Boeing’s Wisk Aero, Insitu and SkyGrid<br>Transaction1 to create an end-to-end physical AI platform for aerospace and defense, combining Wisk, Insitu and SkyGrid’s pioneering autonomy and airspace intelligence technologies with Archer’s leading purpose-built AI foundation model, ZEE. Insitu alone will add over $200M in annual revenue2 to Archer’s business with operations across 35 countries. As part of the transaction, Boeing is set to take a strategic stake in, and become a strategic partner to, Archer, establishing an ongoing Archer and Boeing collaboration and technology sharing arrangement.
1The transaction remains subject to the satisfaction of certain agreed-upon closing conditions.<br>2Based on Insitu’s current financials and financial estimates.<br>Unveiled Dual-Use Autonomous, Hybrid VTOL Platform With Anduril<br>In July, Archer and Anduril unveiled their jointly-developed autonomous, hybrid VTOL aircraft platform at the Farnborough International Airshow, introduced as Thunder for defense missions and Halo for commercial applications. The two variants share the same airframe, hybrid powertrain and core systems, with configurable payload depending on mission requirements. Designed for low-cost, high-volume production using commercial supply chains, the platform behind Halo and Thunder is built to support broad deployment, rapid production and the scale commercial and defense markets require.<br>Announced ZEE, Archer’s AI Foundation Model Purpose-Built for Aviation<br>Archer announced ZEE, its AI foundation model purpose-built for aviation, delivering a unified aviation intelligence platform built on ADS-B, ATC communication, maps and charts, aircraft state, terrain and weather data. The foundation model is designed to work both offline, on-device and as a server-hosted solution, critical for use in a wide range of aviation environments from air taxis and UAVs to commercial airlines and air traffic management. ZEE recently achieved a technical breakthrough demonstrating the capability to accurately predict real-time aircraft trajectories on the airport surface minutes into the future, giving the humans in the loop the most critical asset in aviation safety: time to react.<br>Completed City-to-City Midnight flights In Preparation for eIPP Operations<br>In July, Archer's Midnight aircraft completed a piloted round trip journey between Salinas Municipal Airport and Monterey Regional Airport, with each leg completed in approximately nine minutes compared to over 35 minutes by car. The flight was executed in close coordination with the FAA and marks a critical step toward Archer launching Midnight operations later this year under the eIPP.<br>Second Quarter 2026 Financial Results<br>We reference several non-GAAP metrics in the financial discussion that follows. Unless otherwise noted or defined, our non-GAAP metrics are calculated by starting...