Aurora Innovation posts Q2 net loss of $270M, revenue $2M; outlines driverless truck scale-up 1 min read Aurora Innovation reported second-quarter 2026 results showing revenue of $2 million and a net loss of $270 million, driven by continued investment in R&D and scaling operations. The company reiterated a 2026 revenue outlook of $14–$16 million and said it is fully allocated to exit the year with 200 driverless trucks in operation. Management highlighted commercial deployments, third-party Safety Case validation, and ramp plans for second- and third-generation hardware kits. Financial Highlights - Revenue: $2 million for the three months ended June 30, 2026 ($3 million year-to-date through June 30, 2026). - Net loss: $(270) million for the quarter; $(493) million year-to-date. - Loss from operations: $(266) million for the quarter; $(510) million year-to-date. - Basic and diluted net loss per share: $(0.14) for the quarter; $(0.25) year-to-date. - Adjusted EBITDA (non-GAAP): $(200) million for the quarter; $(392) million year-to-date. Business Highlights - Launched a new fleet of driverless Class 8 trucks based on the International LT series vehicle operating without a person behind the wheel, marking the start of commercial scaling for Aurora Driver 2. - Commercial momentum with Transportation as a Service (TaaS) agreements and deployments with customers including Charger Logistics, Value Truck, Volvo Autonomous Solutions (V.A.S.), DSV, and AVI-SPL across key U.S. freight corridors (e.g., Laredo–Dallas, Phoenix–Fort Worth). - Operational performance: nearly 440,000 driverless miles since launch through June with a reported 100% on-time performance record and zero Aurora Driver-attributed collisions for driverless operations referenced in the letter. - Hardware and production scaling: initial commercial deployment of second-generation commercial hardware kit engineered for one million miles, with Roush upfitter ramping manufacturing and expected annual run-rate of 1,000 trucks by October; Volvo V.A.S. projecting >300 driverless trucks exiting 2027 and plans