Uber Technologies IncUBER
▲ PositiveCapitalrelevance
Job cuts and margin expansion drive EPS growth, with analysts raising estimates.
Impact on stocks 1
Robotics & Physical AI
Uber Technologies IncUber Technologies announced it is cutting 3,300 jobs, roughly 10% of its 34,000-person global workforce, as part of an AI-driven restructuring aimed at margin expansion. The company, which trades at $76.45, down 6.44% year to date in 2026 and 25% below its 52-week high of $101.99, reported Q2 2026 Gross Bookings of $58.02 billion, up 24% year over year, and trailing 12-month free cash flow above $10 billion for the first time. CEO Dara Khosrowshahi said the move will lead to clearer ownership and faster decisions, while management also plans to reduce management positions by 20% and bring most remote staff back to New York and San Francisco offices. Despite the layoffs, 21 analysts have revised 2026 EPS estimates upward in the past 30 days, and Q3 guidance calls for Non-GAAP EPS of $0.84 to $0.88, up 28% to 35% year over year. The stock trades at a forward P/E of 17, with a consensus price target of $101.81, implying significant upside if analysts prove correct.
Uber Technologies IncJob cuts and margin expansion drive EPS growth, with analysts raising estimates.