Aurora Innovation earnings date
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Aurora Innovation (AUR) Q3 2026 Earnings Report
AUR Q3 2026 EPS Results
- Actual EPS
- -$0.12
- Consensus EPS
- -$0.12
- Beat/Miss
- Beat by +$0.00
- One Year Ago EPS
- -$0.11
AUR Q3 2026 Revenue Results
- Actual Revenue
- $3.00M
- Expected Revenue
- $2.99M
- Beat/Miss
- Beat by +$11.00K
- YoY Revenue Growth
- +200.00%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- TBA
- Conference Call
- Wednesday, November 4, 2026
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive, with Aurora reporting accelerating production, strong customer demand, major commercial commitments, expanding driverless capabilities, supportive regulatory developments and a balance sheet with over $1 billion in cash and short-term investments. The main negatives were the approximately six-week production delay, low current revenue, substantial operating losses and higher expected fourth-quarter cash use. Management nevertheless reaffirmed its 200-truck, 1,000-plus-truck and longer-term 30,000-plus-truck objectives.
Aurora expects to achieve its targeted production rate of 20 trucks per week in early December, expects cash use of approximately $250 million during the fourth quarter of 2026, and continues to expect full year 2026 cash spend to be within its previously communicated target range; it now expects 2026 revenue of approximately $9 million, anticipates exceeding the 200 driverless truck milestone by the end of February, and remains on track to exit 2027 with more than 1,000 driverless trucks in operation. Volvo Autonomous Solutions driverless trucks will launch with the Aurora Driver in the first quarter of 2027, supporting a plan to deploy more than 300 driverless trucks in 2027 ahead of full industrial production in 2028, while Aurora’s objective is to exit 2030 with 30,000-plus trucks on the road; Charger Logistics plans to own and operate 500 Driver-as-a-Service trucks, with truck delivery expected in 2027 and 2028, representing a potential multiyear revenue stream in the hundreds of millions of dollars.
- Driverless Fleet Production Is AcceleratingAurora has 20-plus driverless trucks already built and coming into the fleet. Weekly output is steadily improving, and the company expects to reach its targeted production rate of 20 trucks per week in early December.
- Charger Logistics Selects Aurora for 500 TrucksCharger Logistics signed a Driver-as-a-Service MOU under which it plans to own and operate 500 Aurora Driver-powered trucks. The trucks are expected to be delivered in 2027 and 2028, and the MOU represents a potential multiyear revenue stream in the hundreds of millions of dollars.
- Strong Customer Engagement and DemandAurora hosted a partner summit with leaders from over 35 large and innovative private-fleet carriers. Management stated that the initial 200 trucks are fully contracted, the Transportation-as-a-Service fleet capped at approximately 500 trucks is nearly fully allocated, and the company has announced 1,000 trucks worth of Driver-as-a-Service MOUs for 2027 and 2028.
- Expansion of Driverless Customer OperationsIn November, the Aurora Driver is expected to operate directly to customer sites for several driverless customers, including automated navigation through security checkpoints. Aurora stated that it currently has 10 driverless customers.
- Weigh Station Traversal Capability AddedAurora's Driver can now autonomously determine whether a weigh station is open, navigate to an available scale lane and adapt to different scale configurations. The capability is intended to make it easier for customers to integrate the Aurora Driver into their networks.
- Five-Year Federal Exemption Supports DeploymentThe Federal Motor Carrier Safety Administration granted Aurora and the industry a five-year exemption permitting driverless trucks to use cab-mounted warning beacons instead of traditional manually placed roadside warning devices.
- Manufacturing Capacity Plan Exceeds 1,000 Trucks AnnuallyAurora is executing a phased manufacturing plan involving upfitting at Roush, initial line-side integration with Volvo, and preparation for full OEM industrialization with Volvo and PACCAR. Together with Roush, the company is working to establish annualized production capability of more than 1,000 trucks.
- Volvo and PACCAR Partnerships Continue to AdvanceVolvo Autonomous Solutions driverless trucks are scheduled to launch with the Aurora Driver in the first quarter of 2027. Volvo plans to deploy more than 300 driverless trucks in 2027 ahead of full industrial production in 2028, while Aurora's integration work with PACCAR continues.
- AUMOVIO Hardware-as-a-Service Program Remains on ScheduleAUMOVIO has initiated design validation for Aurora's third-generation commercial hardware kit and is finalizing the line concept and production flow at its dedicated New Braunfels, Texas facility. Initial line bring-up remains on track for later this year, ahead of planned production start in the second half of 2027.
- Long-Term Fleet Target Remains in PlaceAurora reiterated its objective to exit 2030 with more than 30,000 trucks on the road. Management said the cumulative target could be reached through multiple OEM combinations, given that the industry builds approximately 250,000 trucks per year.
- Record Commercial MilesThe Aurora Driver achieved another record number of commercial miles driven during the third quarter of 2026.
- Cash Spend Remains Within Target and Balance Sheet Is StrongAurora used approximately $170 million in operating cash during the third quarter and spent $36 million on capital expenditures, with cash spend within its externally communicated quarterly average target. The company continues to expect full-year 2026 cash spend to remain within its previously communicated target range and ended the quarter with over $1 billion in cash and short-term investments.
- 2027 Fleet Expansion Targets ReaffirmedAurora expects to exceed the 200 driverless truck milestone by the end of February and remains on track to exit 2027 with more than 1,000 driverless trucks in operation.
- Component Supply Is Not Expected to Affect Gross MarginManagement stated that material availability and component-quality actions did not have cost impacts and were cost neutral to potentially producing savings through reduced rework and quality benefits. Aurora's supply of Driver kits from Fabrinet is pacing ahead of the truck build.
- Policy and Industry Engagement Remain SupportiveManagement described engagement from the Executive branch, administration and Congress as supportive. The BUILD America 250 Act and surface reauthorization language had bipartisan support, and management expressed optimism that the measures could move forward, while noting that the outcome remains to be determined.
AUR Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Nov 04, 2026 | 2026 (Q3) | -0.12-0.12 | -0.11 | -9.09% (-0.01) | |
| Jul 29, 2026 | 2026 (Q2) | -0.12-0.14 | -0.11 | -27.27% (-0.03) | |
| May 06, 2026 | 2026 (Q1) | -0.12-0.11 | -0.12 | 8.33% (+0.01) | |
| Feb 11, 2026 | 2025 (Q4) | -0.12-0.11 | -0.11 | 0.00% (+0.00) | |
| Oct 28, 2025 | 2025 (Q3) | -0.12-0.11 | -0.13 | 15.38% (+0.02) | |
| Jul 30, 2025 | 2025 (Q2) | -0.12-0.11 | -0.12 | 8.33% (+0.01) | |
| May 08, 2025 | 2025 (Q1) | -0.12-0.12 | -0.11 | -9.09% (-0.01) | |
| Feb 12, 2025 | 2024 (Q4) | -0.11-0.11 | -0.13 | 15.38% (+0.02) | |
| Oct 30, 2024 | 2024 (Q3) | -0.12-0.13 | -0.13 | 0.00% (+0.00) | |
| Jul 31, 2024 | 2024 (Q2) | -0.13-0.12 | -0.18 | 33.33% (+0.06) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
