$AUR · Aurora Innovation, Inc.
Aurora Innovation reported Q3 2026 results with $3M in revenue and a $234M net loss. The company cut full-year 2026 revenue guidance to approximately $9M, citing a production ramp at Roush that is about six weeks behind its prior plan. Aurora ended the quarter with over $1B in cash and short-term investments and expects to exceed 200 driverless trucks by end of February 2027.
- Q3 revenue of $3M vs $1M YoY; 9-month revenue of $6M
- Q3 net loss of $234M; operating loss of $257M including $54M in stock-based compensation
- 2026 revenue guidance cut to ~$9M, reflecting production ramp ~6 weeks behind prior plan
- Cash & short-term investments exceed $1B; Q3 operating cash use of ~$170M
- 500-truck DaaS MOU signed with Charger Logistics; 200-truck milestone now expected by end of February
Extended-hours trading shows AUR at $4.67, down 8.25% from the $5.09 regular close. The revenue guidance cut to ~$9M and the six-week production delay are the likely drivers of the after-hours selloff in this pre-revenue-stage company valued at $10.2B.
A $10.2B company generating $3M in quarterly revenue just cut its annual outlook on production delays — testing investor patience on the path to commercial scale.
Aurora is positioning as a first-mover in autonomous trucking with 500,000+ commercial driverless miles and expanding OEM partnerships with Volvo and PACCAR. The FMCSA five-year warning-beacon exemption and the BUILD America 250 Act provide regulatory tailwinds for scaled deployment.
Production ramp at Roush is ~6 weeks behind plan due to material availability, component quality, and end-of-line testing issues. The Charger Logistics 500-truck MOU is non-binding and subject to definitive documentation. Q4 cash use expected to jump to ~$250M from ~$170M in Q3.