Uber shares fall 5.3% after weaker Q3 guidance despite a Q2 beat

Uber's stock fell 5.3% on the day of its second-quarter report. Investors focused on third-quarter guidance that came in below expectations, even though Gross Bookings beat the Street. The reaction shows the market is penalizing near-term profit guidance while the company spends on autonomous vehicles.

• Shares declined 5.3% on August 5, 2026
• Q3 Gross Bookings guide midpoint $59.25B vs about $59.2B expected (LSEG via Reuters)
• Q3 Non-GAAP EPS guide midpoint $0.86, two cents below consensus
• Q2 Gross Bookings of $58.0B beat expectations