Live: Aurora Innovation Earnings (AUR) Analysis After the Bell

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Volatility Hits Aurora

3:23 pm
by Eric Bleeker

In our last update, we warned that markets could be volatile into the close, and that’s exactly what’s happened.

At around 3 p.m., Jerome Powell said there has been no decision made on cutting rates at the September meeting. Immediately after the comment, Treasury yields jumped 6 basis points and stocks fell.

Point being: This is a broader market sell-off and nothing related to Aurora Innovation’s upcoming report after the bell. The stock fell 2.5% after Powell’s comments and is now down 3.4% in total today.

The Market Could Be Volatile into the Close

2:12 pm
by Eric Bleeker

Just a warning, the stock market could be volatile into the close. The Fed is keeping interest rates steady (as expected), but statements from Jerome Powell in his 2:30 p.m. press conference could cause broad buying or selling across the market.

Shares of Aurora are down 1% as of 2:10 p.m. ET.

What Wall Street Expects This Quarter

1:34 pm
by Eric Bleeker

As we noted earlier, with Aurora being largely pre-revenue, Wall Street will mostly be focused on company commentary and cash burn figures from the company. Aurora closed last quarter with about $1.2 billion in cash and short-term investment.

Here’s what Wall Street expects in Q2:

• Revenue: $.5 million
• GAAP EPS: -$.12
• Adjusted Net Income: -$207 million
• Cash from Operations: -$164 million
• Capital Expenditures: -$15 million

The era of self-driving cars is beginning with Alphabet‘s (Nasdaq: GOOGL) Waymo and Tesla’s (Nasdaq: TSLA) Robotax services both building rapid expansion plans. Will there also be room for Aurora Innovation (Nasdaq: AUR)? We’ll get more details tonight when the company reports its second quarter earnings. 

We’ll be updating this live blog after Aurora releases earnings with news and analysis. All you have to do is leave this browser tab open and new updates will push right after earnings are released. 

With that, let’s look back at what Aurora reported last quarter. 

What Aurora Innovations Reported in Q1 

Aurora is still largely a pre-revenue company, so earnings mostly provide management commentary and show how much of available capital the company is using. As of right now, revenue expectations for the future stand at:

• 2025: $4.3 million 
• 2026: $40.5 million 
• 2027: $317.5 million 
• 2028: $920.8 million 
• 2029: $2 billion

Wall Street estimates don’t have Aurora generating an adjusted profit until 2029. It’s an uphill battle to compete in the self-driving market, but the reward can be very lucrative if Aurora succeeds. Here are some highlights from their first quarter earnings:

• On May 8, Aurora Innovation reported its financial results for the first quarter of 2025, highlighting significant progress in its autonomous trucking operations.
• The company achieved a milestone by commencing commercial driverless operations between Dallas and Houston, powered by its Aurora Driver technology. Aurora reported a net loss of $208 million for the quarter, with operating expenses totaling $211 million, including $34 million in stock-based compensation.
• Despite these losses, the company maintains a strong balance sheet with nearly $1.2 billion in cash and short-term investments.
• Aurora’s focus remains on expanding its driverless operations and reducing costs to achieve scalability and profitability.
• The company plans to extend its operations to new routes and enhance its technology for better performance and cost efficiency.
• Aurora’s CEO, Chris Urmson, emphasized the company’s commitment to safety and innovation as it continues to lead in the autonomous trucking industry.

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