Archer Aviation (ACHR) shares rose 8% to $4.25 but are still down 43% year to date, while Joby Aviation fell 62% and EHang fell 72% in 2026. Barclays initiated coverage of Archer with an Overweight rating and turned bearish on Joby. Archer reported Q2 2026 revenue of $5 million and $1.56 billion in liquidity, and agreed to acquire Wisk Aero, Insitu and SkyGrid, with Insitu alone adding more than $200 million in annual revenue. However, its Q2 net loss widened to $263.2 million from $217.7 million in Q1, and its Midnight air taxi is not yet certified, with Archer still in the final phase of the FAA type certification process.
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