Aurora Innovation reported second quarter revenue of $2 million, exceeding analyst estimates of $1.61 million, while its net loss per share of $0.14 was wider than the expected $0.12 loss. The company is entering its commercial scaling phase and reiterated key operational and financial targets for the full year.
Key Highlights
- Full-year 2026 revenue guidance was reaffirmed at $14 million to $16 million, with over half expected in the fourth quarter.
- The company remains on track to exit 2026 with 200 driverless trucks in operation, targeting an $80 million annualized revenue run-rate.
- Aurora completed nearly 440,000 driverless miles since launch through the end of June while maintaining 100% on-time performance and zero Aurora Driver-attributed collisions.
- The company ended the quarter with a strong liquidity position of nearly $1.2 billion in cash and short-term investments.