Uber Posts Q2 Beat and $10B Free Cash Flow as It Scales a $10B+ Robotaxi Push

Company will fund a multi-year robotaxi program through partner equity plus fleet financing to preserve balance-sheet flexibility.

Overview

Uber reported a stronger-than-expected second quarter, posting $0.81 in EPS and $14.19 billion in revenue after its earnings release, and said trailing 12-month free cash flow exceeded $10 billion.
Investors lifted the stock following the cash-flow milestone, with multi-session gains as analysts trimmed price targets but kept mostly positive ratings and a Moderate Buy consensus.
Management confirmed plans to invest more than $10 billion over several years in autonomous vehicles and related deals, saying partners and fleet financing will shoulder much of the capital burden.
Near-term caution persisted after the company guided Q3 adjusted EPS to $0.84–$0.88, flagged foreign-exchange headwinds and slower growth in markets such as Brazil.
Uber added a senior unsecured term-loan during the quarter, continued talks about large vehicle purchases and the Delivery Hero deal, and stressed that robotaxi trips remain tiny today with rollout expected over many years.