AUR Q1 2026 Earnings
Reported May 6, 2026 at 4:17 PM ET · SEC Source
Q1 26 EPS
$-0.11
BEAT +5.74%
Est. $-0.12
Q1 26 Revenue
$1.0M
BEAT +3.43%
Est. $966,800
vs S&P Since Q1 26
-6.0%
TRAILING MARKET
AUR -5.7% vs S&P +0.2%
Market Reaction
Did AUR Beat Earnings? Q1 2026 Results
Aurora Innovation delivered a modest but meaningful beat in Q1 2026, reporting an adjusted loss of $0.11 per share against a consensus estimate of $0.12, a 5.74% favorable variance, while revenue of $1.00 million edged past the $966.80 thousand estim… Read more Aurora Innovation delivered a modest but meaningful beat in Q1 2026, reporting an adjusted loss of $0.11 per share against a consensus estimate of $0.12, a 5.74% favorable variance, while revenue of $1.00 million edged past the $966.80 thousand estimate by 3.43%, reflecting a 10% sequential gain driven by record commercial miles logged by the Aurora Driver across driverless and supervised freight loads for partners including FedEx, Hirschbach, Werner, and Uber Freight. The quarter unfolded against a backdrop of deliberate pre-scale investment, with a net loss of $223.00 million widening modestly from $208.00 million a year ago and total liquidity of approximately $1.30 billion providing runway as the company prepares to launch its second-generation hardware kit in Q2 2026. Aurora reaffirmed full-year revenue guidance of $14.00 to $16.00 million, heavily weighted toward Q4, and reiterated its target of exiting 2026 with more than 200 driverless trucks running, translating to an approximately $80.00 million TaaS revenue run-rate, a trajectory that helped lift the stock among notable large-cap gainers in late April.
Key Takeaways
- • Record commercial miles driven during Q1 2026 driving 10% sequential revenue increase
- • Very strong utilization with leaner active fleet; Werner trucks averaging 4,000+ miles per week (225,000+ annual run-rate per truck)
- • Driverless customer cohort expanded to seven customers
- • Network expanded to 12 distinct routes including new Dallas-Laredo and Dallas-Oklahoma City corridors
- • 370,000+ cumulative driverless miles with 100% on-time performance and zero Aurora Driver-attributed collisions
AUR Forward Guidance & Outlook
Aurora reaffirmed 2026 full-year revenue guidance of $14-$16 million, representing approximately 400% year-over-year growth at the midpoint. Revenue is expected to be heavily back-end loaded, with Q4 projected to contribute over half of full-year revenue as the company scales driverless operations following the launch of its new fleet. The company expects to exit 2026 with more than 200 driverless trucks in operation, translating to an approximately $80 million TaaS revenue run-rate. Quarterly cash use is expected to average approximately $190-$220 million in 2026, including approximately $150 million in full-year capital expenditures attributable to capacity plans. 2026 is expected to represent peak capital spend, with capex expected to decline significantly in 2027 as Aurora transitions to its DaaS model and Hardware as a Service structure with AUMOVIO. The core DaaS model is expected to commence in 2027, with Hirschbach's 500-truck MOU representing a potential multi-year revenue stream in the hundreds of millions of dollars with truck delivery beginning in 2027.
AUR YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AUR Revenue by Segment
Business unit performance breakdown
“We are at the center of a new era of logistics that improves road safety, fuels economic growth, and creates new, high-skilled American jobs. Autonomous freight represents a step-change for what is possible in global logistics. The Aurora Driver moves the industry beyond traditional constraints toward a world of continuous, high-utilization delivery. With a clear roadmap, deep partnerships, and an accelerating industrial engine, we are well positioned to lead this evolution. The future of freight is on the road, and Aurora is setting the pace.”
— Chris Urmson, Q1 2026 Earnings Press Release
AUR Earnings Trends
AUR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AUR EPS Trend
Earnings per share: estimate vs actual
AUR Revenue Trend
Quarterly revenue: estimate vs actual
AUR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.12 | $-0.11 | +5.74% | $1.0M | +3.43% |
| Q4 25 BEAT FY | $-0.12 | $-0.11 | +8.33% | $1.0M | -32.11% |
| FY Full Year | — | $-0.44 | — | $3.0M | — |
| Q3 25 BEAT | $-0.12 | $-0.11 | +8.33% | $1.0M | -16.53% |
| Q2 25 BEAT | $-0.12 | $-0.11 | +8.33% | $1.0M | +98.68% |