Pony AI Inc's stock surged 5.27% during pre-market trading on Tuesday, following the release of its first-quarter financial results and forward-looking guidance.

The autonomous driving technology company reported that its Q1 2026 revenue more than doubled, climbing 145% year-over-year to $34.3 million. Despite a widening net loss, investors focused on the robust top-line growth and the company's optimistic outlook for its robotaxi business.

Pony AI raised its full-year 2026 robotaxi revenue target to more than 3.5 times the amount recorded in 2025 and lifted its year-end robotaxi fleet target to over 3,500 vehicles, signaling strong confidence in its expansion trajectory.