Aurora Innovation (AUR) Q3 2026 Earnings
GAAP net loss includes a $13 million gain from the change in fair value of derivative liabilities and $10 million of other income, net; no adjusted EPS figure is disclosed
How Did AUR Stock React to Q3 2026 Earnings?
Did AUR Beat Earnings? Q3 2026 Results
Yes. Aurora Innovation reported Q3 2026 earnings of $-0.12 a share on Oct 28, 2026, beating the $-0.13 consensus estimate by 4.0%. Revenue was $3.0M against a $2.9M estimate.
Aurora Innovation posted a better-than-expected third quarter of fiscal 2026, with revenue tripling year over year to $3.00 million, a 2.13% beat against the $2.94 million consensus, as its nascent commercial autonomous trucking service began generating meaningful receipts. On a GAAP basis, which includes a $13 million gain from the change in fair value of derivative liabilities and $10 million of other income, net, the company reported a loss of $0.12 per share, edging past the $0.13 consensus estimate by 4.00%. The headline driver was Aurora's accelerating driverless deployment, with the Aurora Driver crossing 500,000 commercial driverless miles and site-to-site driverless deliveries set to begin for several customers in November. The quarter was not without friction: manufacturing constraints at Roush pushed the production ramp roughly six weeks behind schedule, prompting management to lower its full-year 2026 revenue outlook to approximately $9 million. Aurora still targets more than 200 trucks by end of February and remains committed to exiting 2027 with more than 1,000 driverless trucks in operation.
- Revenue from driverless and vehicle operator-supervised commercial loads; record commercial miles driven in the quarter
- Aurora Driver surpassed 500,000 commercial driverless miles in September with 100% on-time delivery since launch
- R&D excluding SBC of $160 million, SG&A excluding SBC of $38 million, and cost of revenue of $8 million
- Stock-based compensation of $54 million
- Production ramp constrained by material availability, component quality and end-of-line testing issues
“With Aurora-Driver powered trucks operating without a person behind the wheel, accelerating production, and expanding customer adoption, we have reached an inflection point on our path to commercial scale.”
Aurora Innovation CEO, on the earnings call
What Is Aurora Innovation's Outlook?
Aurora now expects 2026 revenue of approximately $9 million, reflecting a production ramp about six weeks behind its prior plan. It expects fourth-quarter 2026 cash use of approximately $250 million as it scales the driverless fleet. Production and fleet milestones: - Steady-state production of approximately 20 trucks per week by early December. - More than 200 trucks by the end of February. - Remains on track to exit 2027 with more than 1,000 driverless trucks in operation. - Long-term objective of exiting 2030 with 30,000+ trucks on the road. Operations and partners: - Site-to-site driverless operations begin for several customers in November, extending to the majority of customers over the coming months. - Volvo plans to deploy more than 300 driverless trucks in 2027 ahead of full industrial production in 2028. - AUMOVIO's line bring-up is on track for later this year, with start of production planned for the second half of 2027.
AUR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.0M | $1.0M | +200.0% |
| Operating Income | −$257.0M | −$305.1M | −15.8% |
| Net Income | −$234.0M | −$280.0M | −16.4% |
AUR Revenue by Segment
When Does Aurora Innovation Report Next?
Figures from SEC filings and company reports. Not investment advice.