Pony AI Inc. (NASDAQ:PONY) stock is trading lower in Tuesday’s premarket session after the autonomous driving company reported mixed second-quarter results.
Earnings Snapshot
Pony AI reported an adjusted loss of 10 cents per share, beating the consensus loss estimate of 27 cents.
Revenue rose 68.8% year over year to $36.22 million but missed the $67.03 million consensus estimate. Growth in Robotaxi and Robotruck services drove the increase.
Gross profit climbed 83.4% to $6.4 million. Gross margin improved to 17.5% from 16.1% a year earlier.
The company attributed the margin expansion mainly to a favorable revenue mix. That included a higher contribution from Robotaxi services and higher-margin joint deployment revenue.
Pony AI had $1.39 billion in cash and cash equivalents, short-term investments, restricted cash and long-term wealth management debt instruments as of June 30.
Robotaxi Revenue Surges
Robotaxi services revenue jumped 691.2% year over year to $12.1 million. Fare-charging revenue surged 849.3%.
The company attributed the growth to its Gen-7 fleet rollout, expanded commercial operations and higher joint deployment volumes in China and overseas markets.
Robotruck services revenue rose 40% to $13.3 million. Higher freight transportation revenue from the company’s collaboration with Sinotrans supported the increase.
Intelligent solutions revenue was $10.8 million, roughly flat from a year earlier. Fluctuations in autonomous domain controller deliveries limited growth.
Management Sees More Robotaxi Growth
CEO James Peng said Pony AI continued to make progress in scaling and commercializing its Robotaxi business. He highlighted strong revenue growth, rapid fleet expansion and broader coverage in China and overseas markets.
Peng said the company is “confident” it can exceed its full-year Robotaxi services revenue target as deployments expand across China’s tier-one cities and overseas markets.
Peng said further progress in international commercialization should add to the company’s growth momentum.
CTO Tiancheng Lou said investments in full-stack Level 4 autonomous driving and advanced world models are improving research, testing and fleet efficiency.
PonyWorld 2.0 allows Pony AI to deploy Robotaxis across several cities and countries without a proportional increase in engineering resources. The technology also helps the company manage larger fleets more efficiently.
Global Expansion Accelerates
Pony AI expanded its Robotaxi coverage in Guangzhou into Haizhu, Tianhe, Huangpu and Panyu. It has added more than 300 square kilometers of coverage since the start of 2026, reaching more than 7 million people.
Internationally, Pony AI secured several joint deployment partners. The company struck a deal with Uber Technologies Inc. (NYSE:UBER) to deploy more than 2,000 Robotaxis in Europe. That brought the number of international vehicles under negotiation to more than 4,000.
Pony AI also advanced deployments with Bolt and Stellantis N.V. (NYSE:STLA) in Luxembourg. In addition, it launched public Robotaxi services in Singapore through ComfortDelGro’s Zig app.
The company’s Robotaxi fleet grew to 1,975 vehicles. Pony AI aims to operate more than 3,500 vehicles by year-end.
Pony AI also partnered with China Merchants Port to deploy Gen-4 driverless Robotrucks at Shenzhen’s Mawan Port. The trucks will operate alongside human-driven vehicles in mixed-fleet logistics operations.
Meanwhile, registered PonyPilot users in China surpassed 1.5 million, supported by higher fleet density and wider coverage.
PONY Price Action: Pony AI shares were down 1.63% at $7.850 during premarket trading on Tuesday, according to Benzinga Pro data.
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