Aurora Innovation (NASDAQ:AUR) Releases Quarterly Earnings Results, Hits Expectations

Aurora Innovation (NASDAQ:AUR) posted its quarterly earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12), Zacks reports. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.47 million.

Here are the key takeaways from Aurora Innovation’s conference call:

• Aurora launched the first driverless commercial trucking operations on U.S. public roads, surpassed 250,000 driverless miles, expanded into inclement weather, and reported zero Aurora Driver‑attributed collisions.
• The Aurora Driver’s capabilities and mapping advances nearly triple the company’s addressable market to ~3.6 billion vehicle miles traveled, adding seven lanes including a 1,000‑mile Fort Worth–Phoenix route that enables “superhuman” asset utilization.
• Aurora plans to deploy a new fleet with a second‑generation Harbor kit (observerless) starting Q2 2026 and targets >200 driverless trucks by year‑end 2026, expecting a multifold revenue increase in 2026 and an ~$80M run‑rate entering 2027.
• Revenue remains small—Q4 2025 was $1M and full‑year recognized revenue was $3M ($4M adjusted)—while losses and cash use are large (Q4 operating loss $238M; 2025 operating cash use $581M) and Aurora expects average quarterly cash burn of ~$190–220M in 2026.
• Strong OEM and supplier partnerships (Volvo, PACCAR, International, Roush, AUMOVIO) support industrialization, and the second‑generation kit plus scale is expected to cut hardware costs by >50% and target break‑even gross margin on a 2026 exit run‑rate.

Aurora Innovation Stock Up 4.6%

Shares of NASDAQ AUR traded up $0.20 on Friday, reaching $4.42. 4,929,651 shares of the company’s stock traded hands, compared to its average volume of 17,203,686. The business’s 50 day simple moving average is $4.33 and its two-hundred day simple moving average is $4.97. Aurora Innovation has a 12 month low of $3.60 and a 12 month high of $10.77. The company has a market cap of $8.54 billion, a price-to-earnings ratio of -9.79 and a beta of 2.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AUR shares. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a research note on Wednesday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Aurora Innovation in a research note on Thursday. Oppenheimer reissued an “outperform” rating and set a $15.00 price target on shares of Aurora Innovation in a research report on Wednesday, October 29th. The Goldman Sachs Group dropped their price objective on Aurora Innovation from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $15.00 target price on shares of Aurora Innovation in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.07.

Insider Transactions at Aurora Innovation

In other news, CEO Christopher Urmson acquired 258,000 shares of Aurora Innovation stock in a transaction on Tuesday, November 25th. The stock was acquired at an average cost of $3.88 per share, for a total transaction of $1,001,040.00. Following the purchase, the chief executive officer owned 258,000 shares in the company, valued at $1,001,040. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.85% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUR. National Bank of Canada FI boosted its holdings in Aurora Innovation by 21.5% in the 3rd quarter. National Bank of Canada FI now owns 15,808 shares of the company’s stock worth $85,000 after buying an additional 2,797 shares during the period. First Trust Advisors LP boosted its stake in shares of Aurora Innovation by 38.7% in the third quarter. First Trust Advisors LP now owns 33,315 shares of the company’s stock worth $180,000 after acquiring an additional 9,288 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Aurora Innovation in the second quarter worth about $140,000. Tidal Investments LLC grew its position in shares of Aurora Innovation by 19.9% during the second quarter. Tidal Investments LLC now owns 38,004 shares of the company’s stock worth $199,000 after purchasing an additional 6,308 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in Aurora Innovation during the 2nd quarter valued at approximately $111,000. Institutional investors own 44.71% of the company’s stock.

Aurora Innovation Company Profile

Aurora Innovation, Inc is a technology company specializing in the development of self-driving vehicle systems for both passenger and commercial applications. Headquartered in Mountain View, California, Aurora has built an end-to-end platform—known as the Aurora Driver—that integrates proprietary software, machine learning algorithms and a suite of sensors (LiDAR, radar and cameras) to enable vehicles to operate safely and efficiently in diverse driving environments.

The company’s core business revolves around designing, testing and deploying its autonomy stack on vehicles from established automotive and transportation partners.