# Archer Aviation financial volatility and technical progress > Live situation record from CLSTR: https://clstr.news/situations/archer-aviation-financial-volatility > Updated: 2026-08-19T01:08:15.000Z. Sources: 6. Developments: 4. Following its August 10 earnings release, Archer Aviation reported second-quarter sales of $5 million and a net loss of $263.2 million. Operating expenses rose 61% year-over-year to $284 million, driven by flight testing, certification efforts for the Midnight eVTOL aircraft, and the development of its ZEE aviation artificial intelligence model. The company expects an adjusted EBITDA loss between $170 million and $200 million for the third quarter. Despite these losses, Archer maintains a liquidity position of approximately $1.56 billion in cash and short-term investments, which may cover roughly two years of projected losses. A technical breakthrough was reported with the ZEE foundation model, which successfully predicted real-time aircraft trajectories on airport surfaces to enhance predictive safety software. In mid-August, Archer executives, including the CFO, chief legal officer, and chief accounting officer, sold shares totaling approximately $491,000 at an average price of $6.41, partly to cover tax withholding obligations. Strategically, the company is expanding a dual-use aircraft strategy through Halo, targeting both commercial air taxis and defense applications. During the earnings call, CEO Adam Goldstein highlighted a roadmap toward autonomous flight and discussed a strategy involving Boeing to strengthen the company’s position in urban air mobility. While brokerage data shows an average recommendation equivalent to ‘Buy’, analysts noted that certification, production, and customer adoption remain significant execution risks. ## Claims - Archer Aviation is projected to post Q2 2026 earnings of –$0.3357 per share and revenue of $1.941 billion. (single source) - Archer Aviation previously reported Q2 2025 earnings of –$0.28 per share and revenue of $1.60 million. (single source) - Archer Aviation has a conditional purchase agreement with United Airlines for up to $1.5 billion of its Midnight aircraft. (single source) - Archer Aviation collaborates with the U.S. Air Force and has a manufacturing partnership with Stellantis for its eVTOL production. (single source) - Delta Air Lines operates a global network serving more than 300 destinations across six continents. (single source) - Delta Air Lines' SkyMiles loyalty program includes an $8.2 billion co‑brand agreement with American Express. (single source) - Aktis Oncology is expected to post Q2 2026 earnings of –$0.44 per share and revenue of $2.143 billion. (single source) - Aktis Oncology previously reported Q2 2025 earnings of –$0.38 per share and revenue of $3.23 million. (single source) ## Timeline ### 2026-08-19: Archer Aviation expands dual-use strategy amid executive stock sales Archer Aviation executives sold approximately $491,000 in stock amid a strategic expansion into dual-use eVTOL technology for commercial and defense applications. 2 sources. https://clstr.news/cluster/archer-aviation-expands-dual-use-strategy-amid-executive-stock-sales ### 2026-08-16: Archer Aviation reports Q2 loss and AI trajectory breakthrough Archer Aviation reported $5 million in Q2 sales and a $263.2 million net loss, while highlighting an AI breakthrough in aircraft trajectory prediction via its ZEE model. 3 sources. https://clstr.news/cluster/archer-aviation-reports-q2-loss-and-ai-trajectory-breakthrough ### 2026-08-01: Archer Aviation earnings forecast and stock outlook; Aktis Oncology also set to report results Archer Aviation forecasts a Q2 2026 loss of $0.34 per share and $1.94 bn revenue, while Aktis Oncology expects a $0.44 loss per share and $2.14 bn revenue; both set to report on Aug 10. 3 sources. https://clstr.news/cluster/archer-aviation-earnings-forecast-and-stock-outlook-aktis-oncology-also-set-to-report-results ### 2026-07-29: Archer Aviation shares swing amid analyst upgrades and downgrades Archer Aviation stock fell 7% then rose 6.1% as analysts gave mixed ratings; quarterly earnings missed forecasts and insiders sold shares. 3 sources. https://clstr.news/cluster/archer-aviation-shares-swing-amid-analyst-upgrades-and-downgrades --- Cite as: Archer Aviation financial volatility and technical progress. CLSTR, https://clstr.news/situations/archer-aviation-financial-volatility