UBER Q2 2026 Earnings

Call Details

• Call Title: Uber Technologies Q2 2026 Earnings Call
• Date: August 5, 2026 at 12:00 PM UTC
• Management Team:
  • Dara Khosrowshahi (Chief Executive Officer)
  • Balaji Krishnamurthy (Chief Financial Officer)
  • Alax Wang (Head of Investor Relations)

Call Summary

Financial Performance

• Growth bookings were 22% year-on-year to more than $58 billion, beating the high end of guidance and marking the fourth consecutive quarter above 20% growth.
• Non-GAAP EPS grew 35% year-over-year, as reported on the call and in the prepared materials.
• Trailing 12-month free cash flow exceeded $10 billion for the first time in company history, as quantified on the call.
• Constant currency revenues were called out by management as up 19% year-over-year in questions, indicating revenue growth slightly lagged bookings.
• Mobility operating income margin was reported at 7.6%, which management highlighted as a continued strength for the segment.
• The company said it presented both GAAP and non-GAAP measures and pointed listeners to the press release and supplemental slides for reconciliations.

Guidance

• The company stated it was above the high end of guidance for bookings in Q2, reflecting more favorable demand than modeled.
• Management said they continue to hold their expectation for U.S. acceleration for the remainder of the year, indicating no change to the prior near-term outlook.
• Uber is on track to be live with AV partners in 15 cities by year-end, up from being live in seven cities today.
• The firm reiterated a multi-year AV investment plan of about $10 billion and said they will provide more P&L visibility as deployments scale.
• For the Delivery Hero acquisition, the company expects close and integration planning spanning into 2027 with major migrations targeted for 2029.
• Balaji stated the company intends to steadily rebuild share repurchases and described the timing to be months not years for returning to prior buyback cadence.