Uber Posts Record Q1 Earnings, CEO Sees Trillion-Dollar Self-Driving Opportunity
Uber Technologies reported strong Q1 2026 earnings, beating estimates. CEO Dara Khosrowshahi sees a trillion-dollar opportunity in self-driving and confirms Waymo has not affected Uber's business.
Key Numbers
Uber Technologies Inc. (UBER) reported strong first-quarter 2026 earnings, surpassing analyst expectations. Revenue reached $12.5 billion, net income was $2.1 billion, and earnings per share (EPS) came in at $2.45. The stock rose 3% in after-hours trading.
Key Financial Results
| Metric | Q1 2026 | YoY Change |
|---|---|---|
| Revenue | $12.5B | +15% |
| Net Income | $2.1B | +20% |
| EPS | $2.45 | +18% |
Highlights from the Call
CEO Dara Khosrowshahi said Uber sees a massive opportunity in the self-driving sector, potentially worth trillions of dollars in the near future. He also stated that Waymo, Alphabet's self-driving unit, has not impacted Uber's business, as the company continues to invest in autonomous driving through partnerships with Wayve and Aurora.
Guidance
Uber expects continued growth in Q2 2026, with revenue between $13.0B and $13.5B. The company plans to increase investments in self-driving technology and logistics services.
Stock Impact
Uber shares rose 3% in after-hours trading following the earnings release, reflecting investor optimism about the strong performance and strategic focus on autonomous driving.
What This Means for Investors
Uber's strong results demonstrate its ability to grow in a competitive market, with a clear focus on self-driving innovation. Investors should monitor partnership developments and expansion in this sector, while being aware of regulatory risks and competition.
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