Aurora Innovation's stock fell sharply by 7.15% in the after-hours session on Wednesday, following the release of its first-quarter 2026 financial results.

The autonomous vehicle technology company reported a net loss of $223 million, or $0.11 per share, for the quarter, representing a widening from the previous period. While revenue grew sequentially to $1 million, the significant operating loss of $244 million and cash use of approximately $159 million highlighted ongoing financial challenges. The company ended the quarter with liquidity of about $1.3 billion in cash and investments.

Management reiterated its full-year 2026 revenue outlook of $14 million to $16 million, projecting that more than half of the annual revenue would be recognized in the fourth quarter as driverless operations scale. The company also announced plans to deploy more than 200 driverless trucks by the end of the year and highlighted the launch of its second-generation hardware kit.