UBER2026 Q2Technology

1mo

Autonomous vehicle commercialization strategy and city-launch roadmap

CEO emphasized that AVs must be deployed market-by-market due to regulation and variable ride-hailing patterns.
Uber is live in 7 cities for AVs and is on track to be live in 15 cities by year-end.
Management cited partner launch plans including Nuro and Lucid in the Bay, Zoox in Vegas, Wayve in London and Tokyo, and Baidu in London.
CEO described additional potential partner deployments into 2027 and 2028, including Rivian plans for cities such as San Francisco and Miami.
Uber said launches should be paired with accelerating data collection and then starting to commercialize end-to-end models.

Uber Technologies, Inc.

UBER2026 Q2Technology

1mo

Financial Performance Summary

Gross bookings grew 22% year-on-year to more than $58 billion, above the high end of guidance and marking the fourth consecutive quarter above 20% growth.
Non-GAAP EPS grew 35% year-on-year.
Q2 delivered record audience and engagement, supporting durable growth.
Revenues were up 19% (constant currency context referenced), alongside the 22% bookings growth.
Trailing 12-month free cash flow and margin expansion were highlighted as key outcomes alongside cash generation.
Trailing 12-month free cash flow exceeded $10 billion for the first time in Uber history.

Uber Technologies, Inc.

UBER2026 Q2Technology

1mo

And our ambition is straightforward, to become the world's leading commercialization platform for autonomous vehicles.

Dara Khosrowshahi

CEO, Uber Technologies, Inc.

Context

CEO was outlining Uber’s autonomous vehicle strategy after discussing how AV industry structure is clarifying and why commercialization is critical. He explained that AVs are physical, regulated systems that must be deployed market by market, unlike how AI converged around software models. He then emphasized commercialization-layer execution and described the momentum across partners. The quote appears as the concluding statement of that prepared strategic framing for AVs.

Uber Technologies, Inc.

UBER2026 Q2Technology

1mo

Trailing 12-month FCF > $10B

Record free cash flow achieved for the first time in Uber history

Management highlighted that growth translated into significant operating leverage, culminating in trailing 12-month free cash flow exceeding $10 billion for the first time in Uber history.

Uber Technologies, Inc.

UBER2026 Q2Technology

1mo

Financial Performance Summary

Gross bookings grew 22% year-on-year to more than $58 billion, above the high end of guidance and marking the fourth consecutive quarter above 20% growth.
Non-GAAP EPS grew 35% year-on-year.
Q2 delivered record audience and engagement, supporting durable growth.
Revenues were up 19% (constant currency context referenced), alongside the 22% bookings growth.
Trailing 12-month free cash flow and margin expansion were highlighted as key outcomes alongside cash generation.
Trailing 12-month free cash flow exceeded $10 billion for the first time in Uber history.

Uber Technologies, Inc.

UBER2026 Q2Technology

1mo

And our ambition is straightforward, to become the world's leading commercialization platform for autonomous vehicles.

Dara Khosrowshahi

CEO, Uber Technologies, Inc.

Context

Uber Technologies, Inc.

UBER2026 Q2Technology

1mo

Trailing 12-month FCF > $10B

Record free cash flow achieved for the first time in Uber history

Management highlighted that growth translated into significant operating leverage, culminating in trailing 12-month free cash flow exceeding $10 billion for the first time in Uber history.

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