The quarter was uneventful with no surprises. Watch for Q2 2026 launch of second-gen hardware kit and subsequent removal of partner-requested observer, which is critical for H2 revenue ramp. Cash burn trajectory should be monitored against $190-220M quarterly guidance.
Price Chart
Executive Summary
Aurora Innovation reported Q1 2026 revenue of $1M (slightly above $967K consensus) and a net loss of $223M ($0.11 per share). The company reiterated its FY2026 revenue guidance of $14-$16M (400% YoY growth) and cash burn expectations of $190-$220M/quarter. Operational progress continues with 370K driverless miles, 7 customers, and the upcoming launch of a second-generation hardware kit in Q2 2026.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $1M (vs consensus $967K)
- GAAP net loss: $223M ($0.11 per share), wider from $208M loss in Q1 2025
- Operating cash flow: -$159M, capital expenditures $25M
- Cash & investments: nearly $1.3B at end of Q1 2026
- Reiterated FY2026 revenue guidance: $14-$16M, back-end loaded
- Expects >200 driverless trucks by year-end, implying ~$80M TaaS run-rate
- Hirschbach MOU for 500 trucks via DaaS model
- Second-gen hardware kit launch planned for Q2 2026
- Capital expenditures ~$150M in FY2026, expected to be peak
Financial Impact
Revenue beat by ~3.4% but remains immaterial; cash burn in line with guidance
Risk Factors
- Cash burn remains high; liquidity of $1.3B supports ~6 quarters at current burn
- Revenue still negligible; scaling dependent on successful hardware launch and fleet expansion
- No EPS consensus available; GAAP losses widening
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001828108-26-000050 |
| Document: aur-20260506.htm | 0001828108-26-000050 |
| Document: 0001828108-26-000050-index-headers.html | 0001828108-26-000050 |
| Document: 0001828108-26-000050-index.html | 0001828108-26-000050 |
| Document: 0001828108-26-000050.txt | 0001828108-26-000050 |
| 8-K Data (Synthetic) | 0001828108-26-000050 |
Track record builds as more directional reports settle.
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May 18, 2026 23w ago | 144 | $0.2495 $0.1600 | ▼ −35.87% | ▼ −42.16% | — |
May 18, 2026 23w ago | 144 | $0.2495 $0.1600 | ▼ −35.87% | ▼ −42.16% | — |
May 18, 2026 23w ago | 144 | $0.2495 $0.1600 | ▼ −35.87% | ▼ −42.16% | — |
May 15, 2026 23w ago | 144 | $0.2495 $0.1650 | ▼ −33.87% | ▼ −38.72% | — |
May 15, 2026 23w ago | 144 | $0.2495 $0.1650 | ▲ +33.87% | ▲ +38.72% | — |
May 15, 2026 23w ago | 144 | $0.2495 $0.1650 | ▼ −33.87% | ▼ −38.72% | — |
May 6, 2026 24w ago | 8-K | $0.2495 $0.2099 | ▼ −15.87% | ▼ −19.70% | — |
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