Archer Aviation (ACHR) Nosedives Post-Q3 Earnings & Hawthorne Airport Deal – What’s Next for eVTOL Stocks?

Archer Aviation’s stock took a brutal hit after revealing Q3 results and announcing its Hawthorne Airport acquisition. Investors are questioning whether the eVTOL hype can survive another reality check.

Here’s the damage: ACHR plummeted double-digits as cash burn and regulatory hurdles overshadowed the strategic airfield purchase. The market’s patience for pre-revenue ‘flying car’ plays is wearing thin—even by speculative tech standards.

Wall Street’s verdict? ‘Show me the contracts.’ Until then, traders are treating this sector like a meme stock with jet fuel.

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The company stated that the additional funding brings its total liquidity to over $2 billion.

More on Archer Aviation’s Q3 Performance

Archer Aviation reported a narrower loss per share of $0.20 for Q3 2025 compared to $0.29 in the prior-year quarter and better than the Street’s consensus of a loss per share of $0.30.

However, adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss widened to $116.1 million in Q3 2025 from $93.5 million in the prior-year quarter, as non-GAAP operating expenses increased $24.4 million due to investments in “people-related” costs to support the company’s commercialization plans. Meanwhile, Archer Aviation ended the third quarter with cash, cash equivalents, and short-term investments of $1.64 billion.

ACHR is a pre-revenue company. CEO Adam Goldstein expects the company to start recognizing revenue in the first quarter of 2026, as it moves toward commercialization. As of Thursday’s closing, ACHR stock was down 9% year-to-date but has rallied 177% over the past year.  

Looking ahead, Archer expects an adjusted EBITDA loss in the range of $110 million to $140 million for the fourth quarter of 2025.

Is ACHR a Good Stock to Buy?

Currently, Wall Street has a Strong Buy consensus rating on Archer Aviation stock based on six unanimous Buys. This Optimism is based on several partnerships and growing interest in the eVOTL space. The average ACHR stock price target of $13.67 indicates 54% upside potential.

Note that these ratings/price targets are expected to be revised as analysts react to the Q3 results and other updates.