PONY Q2 2026 Earnings

Call Details

• Call Title: Pony AI Q2 2026 Earnings Call
• Date: August 18, 2026 at 12:00 PM UTC
• Management Team:
  • George Hsiao (Head of Capital Markets and Investor Relations)
  • James Peng (Chairman of the Board and Chief Executive Officer)
  • Tiancheng Lou (Chief Technology Officer)
  • Dr. Liu Wang (Chief Financial Officer)

Call Summary

Financial Performance

• Total revenues reached $36.2M in Q2 2026, representing a 69% increase from $21.5M in Q2 2025.
• Robotaxi revenue was $12.1M in Q2 2026, growing 691% year over year and accelerating from the prior quarter's 395% growth rate.
• Robo-truck revenue was $13.3M in Q2 2026, growing 40% year over year.
• Intelligent Solutions revenue was $10.8M in Q2 2026, increasing 4% year over year and reflecting delivery fluctuation in domain controllers.
• GAAP operating expenses were $72.1M in Q2 2026 and non-GAAP operating expenses were $63M, an increase of 9.6% year over year, which materially lagged revenue growth.
• Loss from operations was $65.7M in Q2 2026, a 7.3% increase year over year, while non-GAAP loss from operations was $56.7M, up less than 5% year over year.
• Net loss narrowed to $45.4M in Q2 2026, a 14.9% year-over-year decrease, and net loss margin improved from negative 248.3% to negative 125.2%.
• Cash and equivalents and related instruments stood at $1.39B as of June 30, 2026, while net cash used in operating activities was $44M in Q2 2026 versus $25.4M in Q2 2025.

Guidance

• The company is on track to deliver 3,500 vehicles by year-end, up from a current fleet of 2,000 vehicles.
• The company expects to surpass its 20-city deployment target by year-end based on current scaling momentum.
• Robo-truck growth is expected to persist and potentially strengthen in the second half of the year, according to commentary.
• The company signaled confidence in beating its original robo-taxi revenue outlook, which is described as exceeding 3.5 times last year's level.
• The joint deployment model is positioned as a multi-year growth catalyst anchored by over 4,000 vehicle commitments from partners, which the company expects to convert into future revenue streams.
• No explicit quarterly revenue or EPS numeric guidance was provided on the call.