Uber Q2 2026 Earnings: Revenue Up 12%, Bookings Record $58B, AV Anxiety

Revenue up 12% YoY, record gross bookings of $58B. Market pricing in robotaxi erosion from Waymo. Uber also backing union protections against Waymo AV expansion in D.C. impacting 35,000 drivers. Shopify 34% growth and AI benefits for small merchants noted. A bullish investment thesis argues robotaxi fears are overblown. New developments: Waymo partnership fraying, Uber pivoting to Lucid/Rivian robotaxis; Serve Robotics shifting to DoorDash; Uber's hybrid network strategy and asymmetric power over AV operators.