Q2 2026 Kodiak AI Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $4.36 (+3.07%)

Transcript 10-Q8-K

Key Points

Positve

Expanded the world's largest customer-owned driverless truck fleet to 35 trucks, with paid driverless hours up 71% quarter-over-quarter and 20x year-over-year.
Long-haul autonomous readiness measure surged to 91% as of July, a five-point improvement in three months, with the most technically challenging safety claims closed out.
Introduced the Gen7 platform with nearly 50% more compute power, a more compact form factor for day cabs, and a 50% greater operational lifetime for sensor pods and compute enclosures.
Revenue grew 91% quarter-over-quarter to $3.5 million, driven by Driver-as-a-Service expansion, and full-year free cash flow guidance was narrowed favorably.
Regulatory progress includes California's new rules permitting heavy-duty autonomous trucks and the bipartisan Build America 250 Act advancing federal AV trucking framework.
Defense vertical momentum continues with General Dynamics Land Systems collaboration and selection for Phase 2 of the DIU's ROADS program.

Negative

GAAP operating loss widened to $43.7 million, with non-GAAP operating loss of $37.3 million, reflecting continued heavy R&D investment.
Free cash flow remained deeply negative at -$38 million in Q2, with Q3 guidance of -$39 million to -$41 million and full-year guidance of -$155 million to -$162 million.
Q3 driverless truck deployments will see only modest additions (high 30s cumulative) due to the transition to the new Western Star platform, slowing near-term growth.
Cash reserves fell to $151 million, which may limit runway given the company's significant cash burn rate.
Defense revenue opportunities remain uncertain and difficult to size, with no specific guidance on timing or contract values.
The company faces execution risk in ramping production of the new Gen7 platform on the Daimler Western Star 49X, with validation delays possible.

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

KDK.OQ - Kodiak AI Inc
Q2 2026 Kodiak AI Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Kodiak second quarter 2026 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch tone phone and to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Steve Philliston, Senior Manager, Investor Relations. Please go ahead.

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Unidentified_2 [2]
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