Archer Aviation beats Q1 EPS estimates, advances FAA certification, eyes 2026 U.S. operations.

Archer Aviation reported a Q1 2026 GAAP EPS loss of $0.28, beating estimates by $0.03, with revenue rising 433% to $1.6 million. The company completed Phase 3 of FAA type certification, shifting focus to execution in Phase 4 and targeting initial U.S. operations in 2026. Archer is also exploring defense contracts, including a partnership with Anduril, which could generate revenue ahead of its civil air taxi launch. Despite a venture-style valuation with high revenue multiples, market optimism remains strong for certification and commercialization milestones.