Aurora Innovation (AUR) Investor update summary Event summary combining transcript, slides, and related documents. Investor update summary 20 Aug, 2026 Competitive positioning and technology moat - Maintains a defensible moat through years of hardware investment, supply chain know-how, and a growing customer ecosystem. - Only company currently running driverless trucks on public roads, compounding daily operational learning. - AI advances are leveraged but industrializing safety-critical systems requires more than rapid model development. Financial outlook and liquidity - $1.2 billion in liquidity is expected to support operations through positive free cash flow by 2028. - ATM program usage is limited to covering tax liabilities and bonuses in 2027, with opportunistic use otherwise. - Continuously evaluating financing options, with a focus on maintaining a strong cash balance. Commercialization and customer adoption - Revenue-generating contracts are already in place, with growing customer fleets and strong demand. - Fully allocated for 2024, with continued demand for Driver-as-a-Service (DaaS) model. - Hirschbach plans to purchase 500 trucks in 2027-2028; additional large enterprise DaaS commitments are being negotiated. Latest events from Aurora Innovation - Scaling autonomous trucking with 200+ driverless trucks and $80M revenue run-rate by 2026.AURInvestor presentation - Q2 2026 revenue doubled to $2M, $1.2B liquidity, and 200 driverless trucks targeted for 2026.AURQ2 2026 - Driverless trucking expands rapidly, targeting $80M run rate with over 200 trucks by end of 2026.AUR47th Annual Raymond James Institutional Investor Conference - Driverless trucking is scaling rapidly, targeting $80M revenue and broad U.S. expansion by year-end.AURMorgan Stanley Technology, Media & Telecom Conference 2026 - Autonomous trucking leader targets breakeven in 2026 with rapid scaling and DaaS transition.AURInvestor presentation - Over 200 driverless trucks and 400% revenue growth projected for 2026, backed by $1.28B liquidity.AURQ1 2026 - Achieved 250,000+ driverless miles, $1.46B liquidity, and targets 200+ trucks by end of