Archer Aviation Shares Drop Despite Q3 Earnings Beat Amid Investor Concerns
Archer Aviation (ACHR) shares fell nearly 8% to $8.18 on November 7, despite surpassing Q3 earnings expectations. The electric vertical takeoff and landing (eVTOL) aircraft developer reported a net loss of $0.20 per share, outperforming Wall Street's projected $0.30 loss. Operational progress in testing and infrastructure was overshadowed by market focus on rising costs and dilution risks.
Adjusted EBITDA losses widened to $116 million from $94 million year-over-year, driven by increased staffing and production preparation expenses. GAAP operating costs reached $175 million, with a net loss of $130 million. The company maintains its target for revenue generation by early 2026, but investor skepticism persists around capital-intensive scaling efforts.
