Archer Aviation Sinks 11% While Quantum Computing Inc Fall 10% After Earnings

Group 1: Archer Aviation - Archer reported Q4 2025 revenue of $300,000, marking its first-ever revenue recognition, but posted an EPS loss of -$0.26 and a net loss of $188.9 million with operating expenses of $234.70 million, partly due to a $36.10 million increase in non-cash stock-based compensation [2] - Archer achieved a significant milestone by becoming the first eVTOL manufacturer to receive 100% FAA acceptance of all 797 Means of Compliance for its Midnight aircraft, but provided disappointing forward guidance with an expected Q1 2026 Adjusted EBITDA loss of $160 million to $180 million [3] - CEO Adam Goldstein emphasized the need for execution in various operational areas, while the company enters 2026 with approximately $2.0 billion in total liquidity, although the stock is down 17% year to date [4] Group 2: Quantum Computing Inc. - Quantum Computing reported Q4 2025 revenue of $198,000, significantly missing the consensus estimate of $398,330 by over 50%, although it posted an EPS of -$0.01, beating the estimate of -$0.04 [6] - The company reported an operating income of -$22.2 million and a net loss of $1.56 million, which was somewhat mitigated by a $6.97 million derivative gain and $13.63 million in investment income, indicating a worse underlying operating picture when these are excluded [7] - CEO Yuping Huang highlighted strategic progress, including the opening of Fab 1 and the acquisition of Luminar Semiconductor, with early customer engagement and revenue contribution noted, but the company is down 30% year-to-date [8] Group 3: Market Context - Both Archer and Quantum Computing faced a broader risk-off market session that negatively impacted momentum and speculative growth stocks, compounding the post-earnings selling pressure [9] - Future focus for Archer will be on FAA Type Inspection Authorization activities in 2026, while Quantum Computing's investors will be looking for actual revenue growth to align with its expanding balance sheet, with Wall Street projecting $35 million in revenue for 2027 after $1.5 million in the current year [10]