Aurora Innovation Inc (FRA:77F)

Q2 2026 Aurora Innovation Inc Earnings Call Transcript

Jul 29, 2026 / 09:00 PM GMT

Release Date Price: €5.29 (+2.96%)

Transcript 10-Q8-K

Key Points

Positve

Launched Aurora Driver 2, a new fleet of driverless trucks based on the International LT Series, marking the start of commercial scaling.
Executed transportation-as-a-service agreements with new customers like Charger Logistics and Value Truck, expanding commercial momentum.
Completed nearly 440,000 driverless miles with a 100% on-time performance record and zero Aurora Driver-attributed collisions.
Second-generation hardware kit is expected to reduce Aurora Driver hardware costs by over 50%, supporting breakeven gross margin targets.
Strong regulatory progress, including California permitting driverless truck deployment and federal momentum for a national autonomous vehicle framework.

Negative

Revenue remains low at $2 million for Q2 2026, with significant operating losses of $266 million.
Cash burn continues at a high rate, with approximately $225 million used in operating cash during Q2 2026.
Dependence on scaling production with partners like Roush, which may face ramp-up challenges to reach 1,000 trucks annual run rate by October.
Transition from transportation-as-a-service to driver-as-a-service model is still in early stages, with full commercial adoption not expected until 2027.
Potential risks from inflationary pressures on hardware costs and the need to phase out first-generation trucks, which may impact short-term fleet efficiency.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AUR.OQ - Aurora Innovation Inc
Q2 2026 Aurora Innovation Inc Earnings Call
Jul 29, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, and welcome to the Aurora Second Quarter 2026 Business Review Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star 0 on your telephone keypad.

As a reminder, this conference is being recorded. It is now my pleasure to introduce Stacy Fight, Vice President, Investor Relations. You may now begin.

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Unidentified_2 [2]
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Thanks, Paul. Good afternoon, everyone, and welcome to our second-quarter 2026

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