Aurora Innovation, Inc. · NASDAQ:AUR
Aurora Innovation — Q1 2026 Earnings Presentation
16 slides from Aurora Innovation's earnings presentation, May 6, 2026
Slide 1: First Quarter 2026 Business Review
First Quarter 2026 Business Review MAY 6, 2026 1 © 2026 | AURORA PROPRIETARY
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal Important factors that could cause actual results to differ materially from the securities laws. The words “believe,ˮ “may,ˮ “will,ˮ “estimate,ˮ “
Slide 3: 2026 is the year Aurora begins to scale
2026 is the year Aurora begins to scale — we expect to exit the year with over 200 driverless trucks in operation across the Sun Belt On track to launch second Now operating across a Expanding driverless customer generation commercial 12-route network: validated cohort supports anticipated hardware
Slide 4: Hirschbach selected Aurora to scale autonomous fleet via DaaS
In addition to the Transportation as a Service (TaaS) commitments we already have with Hirschbach, they have selected Aurora to scale their autonomous fleet with the intent to We expect to finalize the definitive agreement — which represents a potential multi-year revenue stream in the hundreds of m
Slide 5: Expanded driverless cohort to seven customers, including McLane
We have expanded our driverless cohort to seven customers, including transitioning commercial loads with McLane to driverless operations “Weʼve been thoroughly impressed with Auroraʼs technology, exceptional safety performance and commitment to operational excellence. Autonomous technology helps us
Slide 6: Expanding driverless network to 12 routes
We are expanding our driverless network to 12 routes, strategically mapped to the high-volume freight corridors our customers are prioritizing for scaled autonomous operations Laredo - Dallas: This route, which expands the Aurora Driver's operational domain through the San Antonio, Austin and Waco m
Slide 7: Majority of 2026 revenue from operations between customer facilities
We expect a majority of our 2026 revenue to be generated by operations between customer facilities, reflecting our focus on continuing to increase commercial value We are continuing to ready Hirschbach, Detmar, and Werner for endpoint operations, including in-yard autonomous operations at their faci
Slide 8: Supervised testing of weigh station navigation and on-route fueling
To ensure seamless end-to-end service, we recently began supervised testing of weigh station navigation and on-route fueling at truck stops Navigating these environments requires many of the same advanced surface street capabilities we have already refined; for example, on the 7 miles the Aurora Dri
Slide 9: Preparing for launch of second driverless fleet
We are preparing for the imminent launch of our second driverless fleet We are initially establishing with our upfitter, Roush, the capacity to produce 1,000 trucks (based on the that will enable driverless International® LT® series vehicle) per year, with potential to increase that capacity operati
Slide 10: Anticipate exiting 2026 with more than 200 driverless trucks
We anticipate exiting 2026 with more than 200 driverless trucks (without a partner- requested observer) Revenue Run-Rate (E) This anticipated exit rate translates to an approximately $80 million revenue run-rate for our TaaS business, establishing a powerful foundation for 2027 when we expect the co
Slide 11: Progress with OEM partners on purpose-built self-driving platforms
We also continue to make great progress with our OEM partners on purpose-built self-driving platforms designed for Volvo plans to build hundreds of the Volvo VNL Autonomous trucks in 2027, and has already completed several Aurora Driver-powered trucks on their pilot line high-volume production PACCA
Slide 12: Testing third-generation commercial hardware kit with AUMOVIO
Together with AUMOVIO, we have started testing initial units of our third-generation commercial hardware kit intended to supply tens of thousands of trucks — start of production is on track to begin in the second half of 2027 Our engineering team is also working with AUMOVIO and NVIDIA to bring up a
Slide 13: California joins states enabling autonomous trucking
California has reached a watershed moment, joining the vast majority of states in enabling autonomous trucking Expanding Serviceable Addressable Market SAM Including California expands our SAM to a projected 60 billion vehicle miles traveled VMT) by 2028 and, excitingly, supports a seamless, coa
Slide 14: Aurora Driver Indicative Roadmap to Scale
Aurora Driver Indicative Roadmap to Scale 2025 2026 2027 Commercial Launch Path to Gross Profit Path to Scale & Self-Funding OWNERSHIP & DELIVERY MODEL Fleet Ownership Aurora Customer Predominantly Customer Delivery First Customer Model Terminal to Terminal Blended Endpoints and Terminals Endpoints
Slide 15: Existing liquidity sufficient to achieve positive free cash flow in 2028
We expect existing liquidity to be sufficient to achieve positive free cash flow in 2028 First Quarter 2026 Summary Financial Results $ in millions) March 31, 2026 Cash and cash equivalents, short-term investments & $1,277 long-term investments Quarter Ended Year Ended $ in millions) March 31, 202
Slide 16: © 2026 | AURORA PROPRIETARY
16 © 2026 | AURORA PROPRIETARY