Uber Technologies (NYSE: UBER) stock fell 5.3% on August 5 after the company reported mixed Q2 2026 results and disappointing Q3 guidance. Q2 total revenue was $14.19 billion, up 12% year over year and approximately $50 million below analysts’ expectations. The midpoint of Q3 adjusted EPS guidance was $0.86, below the market consensus estimate.
Uber Q2 2026 Earnings: Mixed Results Across Metrics
According to Uber’s Q2 2026 earnings report, the company’s operating and financial results were as follows:
Total revenue: $14.19 billion, up 12% year over year and approximately $50 million below analysts’ expectations
Gross Bookings: $58 billion, above the market expectation of $57.23 billion
Adjusted net income: $1.7 billion
Adjusted EPS: $0.81, in line with analysts’ expectations
Mobility revenue: $7.36 billion, up 1% year over year; Mobility Gross Bookings increased 22% year over year
Delivery revenue: $5.24 billion, up 28% year over year; Gross Bookings totaled $27.46 billion
Weak Q3 2026 Guidance: EPS Midpoint of $0.86 Below Expectations
Uber’s Q3 2026 guidance came in below market expectations. The midpoint of adjusted EPS guidance was $0.86, below analysts’ expectations, while Q3 Gross Bookings guidance was $59.25 billion.
The weak Q3 outlook, combined with Q2 revenue coming in slightly below expectations, was the main reason the stock fell 5.3% that day.
London Autonomous Taxi License, Joby Aviation Partnership, and $13.7 Billion Delivery Hero Acquisition
Shortly before releasing its earnings, Uber obtained a license to operate autonomous taxis in London. The vehicles will be electric Ford Mustang Mach-E SUVs equipped with software from Wayve Technologies. Wayve’s autonomous driving software replaces traditional multi-model architectures with a single neural network.
In March 2026, Uber partnered with Joby Aviation to provide air taxi services through the Uber app, using vehicles capable of carrying four passengers at speeds of up to 200 miles per hour.
Last month, Uber announced a $13.7 billion acquisition of Delivery Hero SE, which generated €3.7 billion in revenue in H1 2026. Uber plans to sell Delivery Hero’s subsidiaries in 14 markets to investment firm SSW Partners for $1.6 billion. After the transaction closes, Uber’s Mobility and Delivery businesses will cover 99 markets worldwide.
FAQ
What were the highlights and shortcomings of Uber’s Q2 2026 results?
According to the earnings report, the highlights were Gross Bookings of $58 billion, exceeding the market expectation of $57.23 billion, and adjusted EPS of $0.81, in line with expectations. The shortcomings were total revenue of $14.19 billion, approximately $50 million below expectations, and Mobility revenue growth of only 1% year over year.
What is Uber’s Q3 2026 earnings guidance?
According to Uber’s earnings report, the midpoint of Q3 2026 adjusted EPS guidance is $0.86, below analysts’ expectations, while Gross Bookings guidance is $59.25 billion. The weak Q3 guidance was the main reason the stock fell 5.3%.
What is Uber’s autonomous driving plan in London?
Shortly before its earnings release, Uber obtained a license for autonomous taxis in London and plans to use electric Ford Mustang Mach-E SUVs equipped with software from Wayve Technologies. Wayve’s technology replaces traditional multi-model architectures with a single neural network.
