Aurora will miss 2026 goal but remains on track for 2027

Autonomous trucking company Aurora Innovation expects to fall short of its production target for this year but said it’s on track to recover for 2027. Aurora said supplier issues caused constraints, and the company won’t meet its goal of 200 trucks on the road until February. That means Aurora will fall short of its revenue goal for 2026, the company said Oct. 28 as it reported quarterly results. The supplier issues have been resolved, and production is now on pace to meet its previously stated goal of 1,000 trucks on the road by the end of 2027, Chief Financial Officer David Maday told Bloomberg News. Going forward, the company has more demand than it can handle from nine different customers. “We really think we’re at a commercial inflection point,” Maday said while walking along the truck’s assembly line in a Roush Enterprises plant in suburban Detroit. Roush handles the final assembly of Aurora’s rigs. Aurora aims to shift its business model as it inches closer to its target of 30,000 trucks on the road by the end of 2030. Instead of owning and operating driverless trucks for clients, it plans to manage fleets that its shipping customers will own. The company should hit positive cash flow in 2028 with more revenue and fewer assets on its books, according to Maday. AUR Quotes by TradingView See more transportation stock listings To get there, Aurora will have to raise money. The company has a line of credit but could issue shares. Aurora has worked through a string of pitfalls since going public…

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