Aurora Innovation (AUR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Aurora Innovation published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Aurora reports in whole millions, so its quarterly revenue ($3 million in Q3 2026, $1 million a year earlier) carries no decimals. It began recognizing commercial revenue with its launch in the second quarter of 2025.
• Aurora publishes a shareholder letter, filed as Exhibit 99.1 to its Form 8-K, in place of a conventional press release.
• The approximately $9 million 2026 revenue outlook replaces the $14 to $16 million Aurora gave in its Q1 and Q2 2026 shareholder letters.

Source: Aurora Innovation Q3 2026 shareholder letter, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

From the earnings release

In its Q3 2026 release, Aurora Innovation said:

“We expect cash use of approximately $250 million during the fourth quarter of 2026 as we continue to scale our driverless fleet.”

“Reflecting a production ramp about six weeks behind our prior plan, we now expect 2026 revenue of approximately $9 million, which continues to represent substantial year-over-year growth.”

“We anticipate exceeding the 200-truck milestone by the end of February.”

“Building on this foundation and with a steady-state production rate of approximately 20 trucks per week expected by early December, we remain on track to exit 2027 with more than 1,000 driverless trucks in operation.”

Source: Aurora Q3 2026 shareholder letter (Form 8-K, Exhibit 99.1), Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AUR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue (in whole millions, as Aurora reports it) and basic and diluted net loss per share, each as first reported in that quarter's shareholder letter.

We do not hold a confirmed date for Aurora Innovation's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Aurora Innovation earns revenue by hauling freight with trucks driven by the Aurora Driver, its self-driving system, both driverless and with a vehicle operator supervising. Customers sign transportation service agreements and pay per shipment from origin to destination. Revenue was $3 million in Q3 2026, against $1 million a year earlier. (Aurora Q3 2026 shareholder letter, Oct 28, 2026; Aurora Form 10-Q, Q3 2026, Oct 28, 2026)

Aurora's 10-Q puts the $2 million, or 200%, increase down to increased utilization, geographical expansion and higher fuel surcharges. Over the first nine months of 2026 revenue was $6 million, against $2 million. Cost of revenue was $8 million in the quarter, more than the revenue itself, up from $6 million on personnel and fuel expenses. (Aurora Form 10-Q, Q3 2026, Oct 28, 2026)

Revenue depends on how many trucks Aurora can put on the road. In September the Aurora Driver passed 500,000 commercial driverless miles with 100% on-time delivery since launch, and Aurora had 20+ driverless trucks built and coming into the fleet. Its upfitting line at Roush was constrained in the past month by material availability, component quality and end-of-line testing issues, and Aurora now expects to reach 20 trucks per week in early December. (Aurora Q3 2026 shareholder letter, Oct 28, 2026)

Aurora is also moving to a Driver as a Service model, where carriers own the trucks. Charger Logistics signed a non-binding memorandum of understanding to own and operate 500 Aurora Driver trucks, with delivery expected in 2027 and 2028, which Aurora describes as a potential multi-year revenue stream in the hundreds of millions of dollars. (Aurora Q3 2026 shareholder letter, Oct 28, 2026)

Aurora Innovation reports GAAP EPS only. Its net loss was $234 million, or $0.12 per share, in Q3 2026, against $201 million, or $0.11, a year earlier. The loss from operations was $257 million: research and development was $203 million, up $24 million or 13% on personnel, hardware development and cloud computing costs, and selling, general and administrative was $49 million. (Aurora Q3 2026 shareholder letter, Oct 28, 2026; Aurora Form 10-Q, Q3 2026, Oct 28, 2026)

Stock-based compensation was $54 million of that. Aurora's non-GAAP adjusted EBITDA, which excludes it along with depreciation, the change in fair value of derivative liabilities and other income, was a loss of $197 million, against $165 million. Other income of $10 million and a $13 million gain on derivative liabilities narrowed the net loss. (Aurora Q3 2026 shareholder letter, Oct 28, 2026)

Share issuance keeps adding to the count. Weighted-average shares were 2,004 million, against 1,891 million. In the quarter Aurora issued 6 million Class A shares through its ATM program for net proceeds of $41 million and used $23 million of them to fund taxes on employee restricted stock units vesting. (Aurora Q3 2026 shareholder letter, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Aurora Innovation now expects 2026 revenue of approximately $9 million, which it ties to a production ramp about six weeks behind its prior plan. It expects to pass 200 trucks by the end of February and to exit 2027 with more than 1,000 driverless trucks in operation. (Aurora Q3 2026 shareholder letter, Oct 28, 2026)

Aurora used about $170 million in operating cash in Q3 2026 and spent $36 million on capital expenditures, and it expects cash use of approximately $250 million in Q4 2026. It ended September with $141 million of cash and cash equivalents and $893 million of short-term investments. (Aurora Q3 2026 shareholder letter, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Aurora Innovation, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Aurora Innovation's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AUR is on is AUR a buy or a sell?, what analysts expect next is on the AUR forecast, and what the company does is on the Aurora Innovation (AUR) stock page.

Every number on this page can be traced to a document Aurora Innovation published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.