Uber Q1 2026 Earnings Beat and Strong Q2 Guidance [cooling]
Key Questions
What were Uber's key Q1 2026 financial results?
Uber reported Q1 revenue of $13.2B, a slight miss on estimates, adjusted EPS of $0.72 beating expectations, bookings of $53.7B up 25% year-over-year also beating estimates, and GAAP net income of $1.776B. These results were announced on May 6.
Did Uber beat Wall Street estimates for Q1?
Yes, Uber's adjusted EPS of $0.72 beat estimates, bookings grew 25% to $53.7B exceeding forecasts, despite a slight revenue miss at $13.2B. GAAP net income was $1.776B.
What is Uber's Q2 2026 EPS guidance?
Uber guided Q2 adjusted EPS to $0.78-$0.82, which tops Wall Street estimates. This reflects confidence in continued momentum.
How did Uber's stock perform after the Q1 earnings release?
Uber's stock rose 6-10% following the earnings report, reaching over 10% gains at one point in premarket trading.
What did Uber CEO Dara Khosrowshahi say about hiring, AI, and long-term focus?
Uber is slowing hiring to invest in AI, where AI agents produce about 10% of its code. Khosrowshahi emphasized a long-term focus on autonomous vehicles, an everything app, and mobility amid macroeconomic challenges.
Q1 results May 6: rev $13.2B (slight miss), adj EPS $0.72 beat ests, bookings $53.7B +25% beat, GAAP net $1.776B; Q2 EPS guide $0.78-0.82¢ tops WS ests; stock +6-10%; slowing hiring for AI investments (Claude exhausted, 10% code autonomous); Dara CNBC: long-term AV/everything app/mobility focus amid macro.