Aurora reports $270 million Q2 loss, details per-mile pricing for driverless truck models

Earnings
โดย FreightWaves·Read original
Summary · why it matters

Autonomous trucking developer Aurora Innovation reported a second-quarter net loss of $270 million on $2 million in revenue. Chief Financial Officer David Maday said the company's transportation-as-a-service offering carries a per-mile revenue outlook in the $2-plus range, while its driver-as-a-service subscription targets $0.85-plus per mile. Aurora plans to begin moving customers from the first model to the second in 2027, with Hirschbach Motor Lines expected to put 500 tractors into its fleet across 2027 and 2028 under a memorandum of understanding. The company reaffirmed full-year 2026 revenue guidance of $14 million to $16 million and said it is fully allocated to exit 2026 with 200 driverless trucks, equating to roughly an $80 million annualized revenue run rate. Aurora ended the quarter with nearly $1.2 billion in cash and short-term investments.

Impact on stocks 1

Robotics & Physical AI▼ · 1 stocks
Aurora Innovation Inc
AUR
▼ NegativeCapitalrelevance

Reports $270 million Q2 loss on $2 million revenue, though cash position is strong.

Theme Impact 1

Off-coverage companies 1

Hirschbach Motor LinesPrivate▲ Positive
Demandrelevance

Hirschbach Motor Lines plans to add 500 Aurora-equipped tractors across 2027-2028 under an MOU.

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