Aurora Innovation, Inc. ((AUR)) has held its Q2 earnings call. Read on for the main highlights of the call. Claim 55% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks Aurora Innovationâs latest earnings call painted a picture of a company hitting impressive technical and operational milestones while still wrestling with heavy losses and high cash burn. Management highlighted a strong safety record, new industrial partnerships, and a sizable cash buffer, but acknowledged that commercial revenues remain nascent and execution risks are significant as the autonomous trucking business scales. Aurora Driver 2 and cost-cutting second-generation hardware Aurora debuted Aurora Driver 2 alongside a new fleet of driverless International LT trucks, marking a key step toward commercial deployment. The second-generation hardware kit is engineered for 1 million miles, extends FirstLight LiDAR range to roughly 1 km, and is expected to cut Aurora Driver hardware costs by more than 50%, a critical lever for long-term unit economics. Commercial momentum builds with Transportation-as-a-Service deals The company reported new Transportation-as-a-Service agreements with customers such as Charger Logistics and Value Truck, and further expansion with Volvo Autonomous Solutions for clients including DSV and AVI-SPL. Management argued that each new customer acts as a pipeline multiplier and said it is already negotiating Driver-as-a-Service contracts for 2027 and beyond, signaling confidence in future recurring revenue. Fleet scaling targets set clearer path to revenue Aurora said it is fully allocated to exit 2026 with 200 driverless trucks in operation, expecting roughly 20â25 trucks by the end of the third quarter and most of the fleet to be International or Volvo units. Management estimates that a 200-truck fleet would support an approximately $80 million revenue