Pony AI Q1 Earnings Call Highlights Pony AI PONY reported a sharp increase in first-quarter 2026 revenue and raised its full-year robotaxi targets, citing faster user adoption, fleet growth and expanding international partnerships. Chairman and CEO Dr. James Peng said total revenue rose 145% year over year in the quarter, while robotaxi revenue increased nearly 400%. He said fare-charging revenue, a key measure of commercial robotaxi usage, grew more than 450% from the prior-year period. “We kicked off 2026 with an amazing first quarter,” Peng said. “This strong start defines our growth momentum for the whole year.” The company said its robotaxi fleet has grown to more than 1,700 vehicles, while registered users in China increased more than 200% year over year. Peng also said weekly average paid orders so far in May were up more than 100% compared with the beginning of the year. Robotaxi Expansion Drives Results Pony.ai’s robotaxi business was the central focus of management’s remarks. CFO Dr. Leo Wang said robotaxi revenue reached a record $8.6 million in the first quarter, compared with $1.7 million in the same period of 2025. Fare-charging revenue grew 456%, supported by a larger fleet, regional expansion and demand in high-value urban areas. Management highlighted continued expansion in major Chinese cities. Peng said Pony.ai has broadened its Guangzhou operations from the Nansha and Panyu districts into Haizhu District, which includes areas such as Canton Tower, the Pazhou central business district and the Canton Fair Complex. In Shenzhen, the company is increasing fleet size and density in Nansha and Baoan districts. It is also providing airport transfer services in Beijing, Shenzhen and Guangzhou. Wang said Pony.ai’s effective fare per kilometer remains above entry-level ride-hailing prices and is comparable to standard express-tier services after discounts. He said demand has remained strong despite that