Quarterly ResultMay 6, 2026, 04:25 PM
Aurora Q1 Revenue $1M; Driverless Fleet Scaling & Hirschbach MoU
AI Summary
Aurora Innovation, Inc. announced its Q1 2026 financial results, reporting $1 million in revenue, a 10% sequential increase, and a net loss of $(223) million. The company ended the quarter with nearly $1.3 billion in liquidity. Aurora also announced a significant memorandum of understanding with Hirschbach for 500 trucks, representing a potential multi-year revenue stream in the hundreds of millions of dollars, and expects to exit 2026 with over 200 driverless trucks in operation. Operational progress includes expanding its driverless network to 12 routes, surpassing 370,000 driverless miles, and achieving regulatory momentum in California.
Key Highlights
- Hirschbach MoU for 500 trucks, representing potential multi-year revenue in hundreds of millions.
- Q1 2026 Revenue reached $1 million, a 10% sequential increase from Q4 2025.
- Q1 2026 Net Loss was $(223) million, or $(0.11) per share.
- Ended the quarter with nearly $1.3 billion in cash and investments.
- Projects 2026 revenue of $14-$16 million, a 400% YoY increase at midpoint.
- Anticipates over 200 driverless trucks in operation by year-end 2026.
- Surpassed 370,000 driverless miles with 100% on-time performance.
- California's regulatory approval expands serviceable market to $60 billion VMT by 2028.