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Aurora Innovation

Aurora Innovation (AUR) Q2 2026 Earnings

Reported Jul 29, 2026 at 4:17 PM ET · SEC Source

Q2 26 EPS

$-0.14

MISS 16.67%

Est. $-0.12

Q2 26 Revenue

$2.0M

BEAT +24.22%

Est. $1.6M

vs S&P Since Q2 26

+15.6%

BEATING MARKET

AUR +19.9% vs S&P +4.3%

Market Reaction

Did AUR Beat Earnings? Q2 2026 Results

Aurora Innovation delivered a mixed second quarter for fiscal 2026, beating on revenue while falling short on the bottom line, as the autonomous trucking company's aggressive push into commercial scaling weighed on its loss profile. Revenue doubled y… Read more Aurora Innovation delivered a mixed second quarter for fiscal 2026, beating on revenue while falling short on the bottom line, as the autonomous trucking company's aggressive push into commercial scaling weighed on its loss profile. Revenue doubled year-over-year to $2.00 million, clearing the $1.61 million consensus estimate by 24.22%, driven by driverless and supervised commercial loads across freight corridors including the Dallas-Laredo lane. However, the earnings picture was murkier; GAAP EPS came in at -$0.14, missing the -$0.12 consensus by 16.67%, snapping a four-consecutive-quarter streak of beating EPS estimates, as R&D spending climbed to $211.00 million and SG&A rose to $50.00 million. The net loss widened to $270.00 million from $201.00 million a year earlier. Despite the near-term cost pressure, management reiterated full-year 2026 revenue guidance of $14.00 to $16.00 million, representing roughly 400% year-over-year growth at the midpoint, with Aurora targeting more than 200 driverless trucks in operation by year-end and an approximately $80.00 million TaaS annualized revenue run-rate.

Key Takeaways

  • • Launch of new driverless truck fleet based on International LT series platform
  • • Customer flywheel effect driving accelerating commercial momentum
  • • Nearly 440,000 driverless miles completed since launch through end of June with 100% on-time performance and zero Aurora Driver-attributed collisions
  • • Over 6 million cumulative commercial miles through June 30, 2026
  • • ATM program raised $215 million in net proceeds during Q2

AUR Forward Guidance & Outlook

Aurora reiterated full-year 2026 revenue guidance of $14-$16 million, representing approximately 400% year-over-year growth at the midpoint. Revenue will be back-end loaded with Q4 projected to contribute over half of full-year revenue as driverless operations scale following the new fleet launch. The company expects to exit 2026 with more than 200 driverless trucks in operation, translating to an approximately $80 million TaaS revenue run-rate. The core DaaS model is expected to commence in 2027. Quarterly cash use is expected to average approximately $190-$220 million in 2026, including approximately $150 million in anticipated full-year capital expenditures. Aurora expects 20-25 second-generation driverless trucks in operation by end of Q3 2026, with upfitter Roush ramping to an annual run-rate of 1,000 trucks in October. Volvo Autonomous Solutions plans to begin driverless operations on the Volvo VNL Autonomous in Q1 2027 and expects to exit 2027 with more than 300 driverless trucks.

24/7 Wall St

AUR YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

AUR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q2 26

“I am incredibly proud of the discipline our team has shown in executing our vision responsibly — establishing deep credibility and cultivating an ecosystem of partners, customers, regulators, and investors who share our conviction in the future we are building.”

— Chris Urmson, Q2 2026 Earnings Press Release

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