Pony AI reported record robotaxi revenue of $12.1 million in the second quarter of 2026, a 691.2% increase year-over-year, marking the first time the segment accounted for one-third of total revenue1,5. Total revenue rose 68.8% year-over-year to $36.2 million.
The robotaxi revenue surge was driven by an 849.3% jump in fare-charging revenue — money collected directly from passengers paying for rides12. The company's fleet stood at 1,975 vehicles as of June 30, with a year-end target of exceeding 3,500 across more than 20 domestic cities15. CEO James Peng said he is confident Pony AI will exceed its full-year robotaxi revenue target, which the company has set at more than 3.5 times the prior-year level.
Sequential momentum was also strong: robotaxi revenue grew roughly 41% from $8.6 million in Q1 2026.
The robotruck segment posted $13.3 million in revenue, up 40% year-over-year, while intelligent solutions revenue was $10.8 million, roughly flat from a year earlier. Fourth-generation autonomous heavy trucks entered mass production and commenced commercial deployment at Shenzhen's Mawan Port in partnership with China Merchants Port.
Pony AI's net loss narrowed 14.9% year-over-year to $45.4 million, and operating margin improved by more than 100 percentage points year-over-year to -181.5%11. GAAP operating loss widened 7.3% to $65.7 million9. The company reported an adjusted loss of $0.10 per share, beating the consensus estimate of a $0.15 per-share loss10. Capital expenditures rose to $32.2 million from $9.6 million a year earlier. Pony AI ended the quarter with $1.39 billion in cash and related financial assets, down slightly from $1.44 billion at the end of March.
The company said unit economics have turned positive in Guangzhou and Shenzhen. In Guangzhou, robotaxi coverage expanded from the Nansha pilot zone into the city center, adding more than 300 square kilometers since the start of 2026 and reaching a population of over 7 million. In Shenzhen, the service network extended to Bao'an International Airport, Shenzhen Bay Port, and Shekou Cruise Homeport. Registered users of the PonyPilot service in China surpassed 1.5 million.
Overseas, Pony AI disclosed a pipeline of more than 4,000 planned and potential robotaxi deployments outside China. More than 2,000 of those vehicles are earmarked for Europe under an expanded partnership with Uber covering five European cities, announced earlier in August, making Pony AI Uber's largest autonomous driving partner in Europe. CEO James Peng said the vehicles are already contracted across Europe, Southeast Asia, and the MENA region.
The company launched a commercial robotaxi service in Zagreb, Croatia, in collaboration with Uber and Verne. In Luxembourg, testing with Bolt and Stellantis began in June. In Singapore, Pony AI's service went live on ComfortDelGro's Zig app. The company described its joint-deployment model as asset-light, with partners funding the fleet while Pony AI generates upfront vehicle delivery revenue and future recurring revenue.
Pony AI's seventh-generation robotaxis, based on vehicle platforms from BAIC, GAC, and Toyota, are in daily commercial service. The company said PonyWorld 2.0, its proprietary world model, reduces the engineering cost of each new city launch by automatically identifying local driving behavior rather than relying on manual review.
ANALYSIS The quarter represents a structural shift in Pony AI's revenue mix: robotaxi services moved from a negligible $1.5 million a year ago to one-third of total revenue, while the robotruck segment — previously the dominant business — now shares the stage. The overseas pipeline of 4,000-plus vehicles, if converted to deployments, would more than double the current fleet, though rollout timing depends on regulatory approvals rather than manufacturing or demand.