Autonomous trucking (Aurora Driver)
Aurora Innovation
An autonomous-trucking firm. It began driverless commercial operations in Q2 2025, earning its first revenue ($1M), and expanded to nighttime runs with Werner and Hirschbach. It pairs NVIDIA DRIVE Thor/DriveOS with Continental to ready mass-production hardware for 2027 ($1.3B cash, $201M loss). An AV demand node buying lidar and compute to sell driverless transport.
Business categories Autonomous Driving Platforms · Automotive & Mobility · primary
AUR Updated Jul 12, 2026 5 AI consumers· 4 recurring
Per the valuechain.wiki graph, Aurora Innovation is directly linked to 4 companies (3 supply, 1 revenue relationships) and reaches 41 companies within two hops; the links are backed by 5 dated sources, 2 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · First revenue $1M in Q2 2025
- Customer concentration · NVIDIA, Continental; Werner, Hirschbach.
- Segments · Driverless trucking · Aurora Driver licensing
Revenue from
- Logistics · trucking (Werner · Hirschbach) High confidence· Amount $3M · FY2025(상용 첫해) · 10-K income statement
Driverless commercial operations launched April 2025 with Hirschbach and Uber Freight; pilots with FedEx, Schneider, Werner and Volvo AS continue. FY2025 revenue $3M in the first commercial year (cost of revenue $17M).Confirms EN Transport Topics Published Aug 1, 2025: Aurora earns first driverless revenue in Q2 2025Confirms EN Aurora Published Jan 15, 2025: Aurora, Continental and NVIDIA driverless-truck partnership - 우버 프레이트 High confidence
Driverless commercial launch customer (April 2025); Uber Freight's digital freight network is integrated into Aurora's autonomous trucking subscription. - Aurora Driver licensing · pilots Medium confidence
Licenses and pilots the 'Aurora Driver' autonomy stack to OEMs and partners — a platform revenue axis distinct from the transport service; the pace of pilots converting to commercial subscriptions is the question.
Pays to
- Continental · hardware mass production (undisclosed) High confidence
Exclusive Hardware-as-a-Service partner: Aurora pays AUMOVIO (spun out of Continental) per mile for next-generation Aurora Driver hardware, under a strategic agreement running to March 2031; third-gen hardware from 2027. - NVIDIA High confidence
Integrates NVIDIA DRIVE Thor and DriveOS as Aurora Driver's autonomy compute — depending on NVIDIA's platform for perception and planning; compute performance, power and cost are key variables in the 2027 production hardware's competitiveness.Confirms EN Transport Topics Published Aug 1, 2025: Aurora earns first driverless revenue in Q2 2025Confirms EN Aurora Published Jan 15, 2025: Aurora, Continental and NVIDIA driverless-truck partnership - Hesai Group Medium confidence
Sources lidar — the eyes of driverless perception — from Hesai, a dependency on the core sensing component; lidar cost and performance drive both the safety margin and per-unit cost of driverless transport. - PACCAR (자율주행 트럭 플랫폼) Medium confidence
Aurora sources and co-develops PACCAR Peterbilt 579 and Kenworth T680 platforms for driverless integration (2021 strategic partnership).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Yum! Brands | lead2 | +30.1 | -6 | +3.9 | +4.7 | +14.9 | +0.6 |
| The Kroger Co. | lead2 | +45.4 | +0.4 | +5 | +36.9 | +4.3 | -4.6 |
| Uber | lead1 | -17.8 | -41 | +149 | -2 | +35.5 | -7.3 |
| Aurora Innovation | node | · | -89.3 | +261.2 | +44.2 | -39 | +51.8 |
| NVIDIA | benef1 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.2 |
| Paccar | benef1 | +5.6 | +17 | +55 | +10.8 | +8 | -0.5 |
| Hesai Group | benef1 | · | · | · | +55.1 | +62.1 | -15.7 |
| Nan Ya PCB | benef2 | +110.6 | -46.7 | -0.5 | -38.3 | +188.2 | +280.5 |
| Micron Technology | benef2 | +24.2 | -45.9 | +71.9 | -1 | +240.2 | +256.4 |
| Unimicron | benef2 | +133.5 | -30.2 | +35.2 | -19.7 | +175.7 | +236.2 |
| ASE Technology | benef2 | +38.3 | -12.8 | +60.9 | +10.1 | +65.6 | +191.3 |
| Nebius Group | benef2 | · | · | · | · | +202.2 | +170.5 |
| Kioxia | benef2 | · | · | · | · | +1082.1 | +155 |
| Ibiden | benef2 | +30.4 | -19.6 | +51.6 | -38.6 | +261 | +149.3 |
| Lumentum | benef2 | +11.6 | -50.7 | +0.5 | +60.1 | +339.1 | +139.1 |
| Murata Manufacturing | benef2 | -14 | -11.7 | +24.7 | -16.5 | +29.9 | +131.5 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +105.7 |
| SK hynix | benef2 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +85.3 |
| Corning | benef2 | +5.9 | -11.6 | -1.2 | +60.6 | +87.8 | +77.2 |
| Coherent | benef2 | -10 | -48.6 | +24 | +117.6 | +94.8 | +69.4 |
| Samsung Electronics | benef2 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +63.8 |
| Delta Electronics | benef2 | -3.4 | +10.4 | -0.3 | +59.2 | +183.8 | +61.9 |
| Keysight Technologies | benef2 | +56.3 | -17.2 | -7 | +1 | +26.5 | +61 |
| Monolithic Power | benef2 | +35.5 | -27.8 | +79.8 | -5.6 | +54.5 | +53.7 |
| Analog Devices | benef2 | +21 | -4.9 | +23.4 | +8.8 | +29.8 | +51.1 |
| TSMC | benef2 | +12.1 | -36.7 | +42.3 | +92.6 | +55.9 | +50.3 |
| Wistron | benef2 | +7.9 | +9.7 | +272.7 | -1.6 | +22.7 | +49.7 |
| onsemi | benef2 | +107.5 | -8.2 | +33.9 | -24.5 | -14.1 | +37.4 |
| Pegatron | benef2 | -5.9 | +0.6 | +35.3 | +21.2 | -23.8 | +34.5 |
| Amphenol | benef2 | +34.9 | -12 | +31.5 | +41.3 | +96.1 | +29.8 |
| Eoptolink | benef2 | -10.1 | -27.7 | +136.6 | +197 | +368.8 | +29.1 |
| InnoLight | benef2 | -30.7 | -18.3 | +253.7 | +12 | +468.1 | +25.6 |
| Digital Realty | benef2 | +30.7 | -41 | +39.9 | +35.9 | -10.1 | +23.4 |
| ABB | benef2 | +23.9 | +7.3 | +18.9 | +39 | +36.1 | +18.4 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| King Yuan Electronics (KYEC) | benef2 | +26.7 | -7.7 | +132.4 | +38.6 | +171 | +8.4 |
| Recursion Pharmaceuticals | benef2 | · | -55 | +27.9 | -31.4 | -39.5 | +6.6 |
| BlackRock | benef2 | +29.4 | -20.4 | +17.9 | +29.3 | +6.6 | +2.8 |
| TE Connectivity | benef2 | +35.1 | -27.7 | +24.6 | +3.5 | +61.1 | -3 |
| Luxshare Precision | benef2 | -11.9 | -30.2 | -21.2 | +58.8 | +29.3 | -7.4 |
| BYD Electronics | benef2 | -56.1 | +16 | -0.4 | +60.6 | -19.4 | -24.1 |
YTD as of 2026-10-09 · source: Yahoo Finance
Aurora Innovation operates across Autonomous trucking (Aurora Driver). After -39% in 2025, it rebounded +65.1% in 2026. The stock (+65.1%) is ahead of both its demand side (avg -7.3%) and supply side (avg +7.6%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is NVIDIA (+23.7%) and the furthest behind is Hesai Group (-15.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. An AV demand node buying lidar and compute to sell driverless transport.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 3 · Hold 0 · Sell 0 · Avg. target $14 · Price $5.83 (10-09) · Upside +140%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Morgan Stanley · Ravi Shanker | Overweight | $14 | May 7, 2026 | Report ↗ |
| Cantor Fitzgerald · Andres Sheppard | Overweight | $12 | Sep 15, 2025 | Report ↗ |
| Canaccord Genuity · George Gianarikas | Buy | $15 | Sep 2, 2025 | Report ↗ |
Buy consensus (average target around $11) on the start of commercial driverless freight in Texas with Volvo/DSV and expanding freight deals — Morgan Stanley raised its target to $14 in May 2026, keeping Overweight.
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