Analyst Consensus ?
ConsensusBuy10 ratings
Bullish660.0%
Neutral440.0%
Bearish00.0%
Aurora Innovation, Inc. · AUR · FY2026 Q2 · Calendar Q3 2026
Aurora enters commercial scaling with Driver 2 and 200-truck target
The quarter adds evidence for a commercial-scaling trajectory: Aurora launched Driver 2, maintained revenue guidance, and is targeting a larger driverless fleet. The thesis remains dependent on execution in manufacturing, route expansion, hardware economics, regulation, and customer adoption.
Reported After market closeNASDAQTechnology
$7.54B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.14
Consensus $-0.12
EPS surprise
-20.0%
Reported versus consensus
Reported revenue
$2.0M
Consensus $1.7M
Revenue surprise
+20.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+4.3%
Event window
SPY move
+1.7%
Same window
Abnormal move
+2.7%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-8.8%
Up to 20 sessions
AURSPY benchmark
Ask FN2 about AUR FY2026 Q2
Transcript, numbers and history already loaded
Why did AUR rise 4.3% after missing EPS estimates in FY2026 Q2?What changed in AUR's guidance and outlook in FY2026 Q2?Give me the bull and bear case for AUR after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Aurora moved from preparing for commercialization to launching Aurora Driver 2 on a new International LT platform. Management also highlighted 440,000 driverless miles without Aurora Driver-attributed collisions, continued partnership-led production scaling, and favorable regulatory developments.
Guidance delta
Management's FY2026 revenue guidance was maintained at $14–$16 million, consistent with the prior-quarter analysis.
Key takeaways
- Aurora launched Aurora Driver 2 on a new International LT platform and is targeting 200 driverless trucks by year-end.
- Management highlighted $2 million of Q2 revenue, FY2026 revenue guidance of $14–$16 million, and a cash balance of approximately $1.2 billion.
- The scaling case depends on hardware-cost reduction, manufacturing execution, route onboarding, regulation, and customer adoption.
Management priorities
- Scale the Aurora Driver 2 fleet to 200 trucks by year-end.
- Reduce hardware costs and expand production through OEM and manufacturing partnerships.
- Develop DaaS contracts while broadening routes and operating capability.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$4.36Current
$5Low
$12.36Average
$18High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Oct 29, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Oct 29, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Oct 29, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Oct 8, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Sep 24, 2026 |
| Amerx | Hold | Hold | Maintain | Sep 24, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 11, 2026 |
| TD Cowen | Hold | Hold | Maintain | May 7, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Feb 18, 2025 |
| DA Davidson | Buy | Buy | Maintain | Sep 29, 2022 |
Named analyst price targets
Upside is calculated against the persisted current price $4.36. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Northland Securities | Michael Latimore | $10 | $4.44 | +129.4% | Oct 29, 2026 |
| Cantor Fitzgerald | Andres Sheppard | $11 | $4.44 | +152.3% | Oct 29, 2026 |
| Goldman Sachs | Analyst unavailable | $6 | $5.09 | +37.6% | Oct 29, 2026 |
| Needham | Chris Pierce | $10 | $5.09 | +129.4% | Oct 29, 2026 |
| Oppenheimer | Colin Rusch | $16 | $5.72 | +267.0% | Oct 8, 2026 |
| Goldman Sachs | Analyst unavailable | $7 | $6.32 | +60.6% | Sep 24, 2026 |
| Canaccord Genuity | George Gianarikas | $17 | $6.32 | +289.9% | Sep 24, 2026 |
| Morgan Stanley | Analyst unavailable | $18 | $6.33 | +312.8% | Sep 11, 2026 |
| Craig-Hallum | Analyst unavailable | $18 | $6.84 | +312.8% | Jun 5, 2026 |
| Northland Securities | Analyst unavailable | $11 | $7.07 | +152.3% | May 29, 2026 |
| Morgan Stanley | Ravi Shanker | $14 | $7.12 | +221.1% | May 7, 2026 |
| Goldman Sachs | Mark Delaney | $5 | $5.17 | +14.7% | Apr 17, 2026 |
| Goldman Sachs | Analyst unavailable | $4 | $3.92 | -8.3% | Nov 26, 2025 |
| Oppenheimer | Colin Rusch | $15 | $5.2 | +244.0% | Oct 29, 2025 |
| Morgan Stanley | Analyst unavailable | $12 | $6.94 | +175.2% | Mar 3, 2025 |
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Start freeCompany context
Snapshot as of publicationAurora Innovation, Inc. is a U.S.-based company specializing in autonomous driving technology. Its primary focus involves creating the Aurora Driver, an advanced platform that integrates various self-driving hardware components, software systems, and data services. This comprehensive solution is engineered to enable and unify autonomous capabilities across diverse vehicle types, including passenger automobiles, light commercial vans, and heavy-duty trucks. The company was founded in 2017 and maintains its headquarters in Pittsburgh, Pennsylvania.
Historical context
All AUR earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INTC Intel Corp. | FY2026 Q3 · Calendar Q4 2026 | +27.9% | -28.6% | Intel: AI Server Demand Offsets PC Weakness, CapEx Rises |
| GDDY GoDaddy Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | +10.7% | GoDaddy: Airo accelerates while guidance is maintained |
| MPWR Monolithic Power Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.1% | MPWR tops $1 billion in revenue as data-center demand accelerates |
| TWLO Twilio Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -15.2% | Twilio raises growth outlook as AI and software adoption expand |
| SNDK Sandisk Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.1% | -13.5% | SNDK: AI-driven NAND demand remains strong, but execution risks persist |
| RBLX Roblox Corporation | FY2026 Q3 · Calendar Q4 2026 | +26.2% | -18.1% | Roblox pairs strong engagement with lower Q4 bookings guidance |
Latest beats and misses
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Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
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- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the AUR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-30T03:08:13.906341+00:00
- FN2 earnings calendar · 2026-09-03T01:23:14.877038+00:00
- Polygon adjusted daily market bars · 2026-10-31T14:50:41.733121+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T14:50:41.730394+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-31. For educational purposes only; not investment advice.