UBER
NYSENext earningsFeb 3AnalystsBuy46+47%Uber Technologies, Inc. stock
Industrials · Passenger Ground Transportation
$68.59last close
-25.5%~252d
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Price
-25.54% over 1Y4 auto-fib
Video teardown
A walkthrough of this page: the numbers, the levels, and where it sits.
Thesis
as of 2026-11-08
Structural read: Uber is a cash machine at a crossroads. Q2 2026 (company figures): gross bookings $58.0B, up 24% (22% at constant currency), trips up 18% to 3.9B, adjusted operating income $2.1B (up 40%), free cash flow $2.8B, and trailing twelve-month free cash flow above $10B for the first time.
Two things now decide the equity: autonomous vehicles on the Mobility side, which earned about 68% of Q2 segment profit, and the pending Delivery Hero takeover (EUR 41.50 a share in cash, $14.8B equity value for 100%, Uber already at 24.99%, close expected in the second half of 2027), financed with debt while buybacks slowed.
Bull bullets:
- Trailing free cash flow above $10B, adjusted operating income up 40% in Q2 2026
- Both big segments growing profit: Mobility $2.2B (up 28%), Delivery $1.06B (up 38%) in Q2
- Q3 2026 guide: gross bookings $58.25B to $60.25B (18% to 22% at constant currency), adjusted EPS $0.84 to $0.88
- $15.7B of buyback authorization left at 2026-06-30
- Positioned as the demand aggregator for several AV fleets rather than building its own
Bear bullets:
- Robotaxis: Uber's own filing names Waymo, Tesla and Zoox, and Waymo runs a commercial fleet on its own app
- Delivery Hero: a $14.8B equity value bid, a EUR 14.2B bridge facility, regulatory and acceptance conditions, close not before H2 2027
- Leverage rising: total debt $12.7B at 2026-06-30 (from $10.5B in December) against $5.4B of cash, then EUR 4.5B of new notes in September
- Buybacks down to $510M in Q2 2026 from $1.4B a year earlier
- Revenue growth (12% in Q2) trails bookings because of business model changes
- 2026-09: EUR 4.5B of senior notes due 2029 to 2046 (8-K 2026-09-15)
- 2026-08: Term loan credit agreement for the Delivery Hero offer, reducing the EUR 14.2B bridge by EUR 4B (8-K 2026-08-07)
- 2026-07: Business combination agreement with Delivery Hero SE, cash offer of EUR 41.50 a share, $14.8B equity value for 100% (10-Q)
- 2026-07: Getir food delivery business acquired for about $465M in cash (10-Q)
- 2026-03: Agreement to acquire Blacklane, a chauffeur service, for about $550M in cash (10-Q)
- 2026-05: Expanded Waymo ($GOOG) robotaxi partnership: Austin and Atlanta dispatched through the Uber app
- 2026-04: Multi-year autonomous freight pilot with Aurora ($AUR) on the Dallas-Houston lane
- 2026-03: $TSLA robotaxi distribution discussions disclosed on the Q1 call (no signed contract)
- 2025-Q4: BYD ($BYDDY) 100k EV supply deal for the global rideshare fleet, multi-year rollout
- 2025: Uber One reached 30M+ members globally per the Q4 disclosure
- Ongoing: Instacart partnership for grocery delivery in the US via the Uber Eats app
customersWaymo (Alphabet) · Aurora Innovation · BYD · Instacart · undisclosed AV operators
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Analyze UBERinteractive tools
Bubblescapital-flow co-movement
Top correlated252d co-movement
Related research
Long-form analysis touching UBER
- 5 minUber (UBER) Q3: bookings up 20%, adjusted EPS $0.88, long-term debt $15.7BUBER grew gross bookings 20% to $59.8B and adjusted EPS 35% to $0.88, at the top of its guide. Buybacks rose to $750M, long-term debt reached $15.7B.
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- 9 minQuantum: the most empirically real AI-adjacent bubbleQBTS, RGTI, IONQ, ARQQ, QUBT - five pre-revenue stocks with the highest residualized correlation in the AI taxonomy. Why they trade as one, and how to size the bet.
Recent news
High-signal only
- MarketBeat1h agoWhat Uber Technologies (UBER) Said on Its Q3 Earnings Call
- MarketBeat1h agoWhat Unity Software (U) Said on Its Q3 Earnings Call
- StockStory2h ago5 revealing analyst questions from Uber’s Q3 2026 earnings call
- Barrons.com2d agoUber’s Robo Push
- TheStreet2d agoBank of America revamps Uber stock target amid rider-price paradox
- 24/7 Wall St.2d agoCostco Stock: Earnings Growth Could Shape the Next Big Move
- The Wall Street Journal2d agobullishZipline Valuation Soars as Drone Startup Raises Funds, Expands Walmart Deal
- TheStreet3d agoUber CEO reveals a problem that could impact every rider
Held by ETFs
- XLIIndustrial Select Sector SPDR Fund2.50%
Key levels
- -3.0%$70.700.786 retr of 64.04->95.18 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -9.7%$75.940.618 retr of 64.04->95.18 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -13.8%$79.610.5 retr of 64.04->95.18 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -17.6%$83.280.382 retr of 64.04->95.18 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Facts
- Exchange
- NYSE
- Currency
- USD
- Market cap
- $140.05B
- Last update
- 2026-11-06
Revenue (TTM)$56.5B
P/E40.4×
P/S2.5×
Net margin6.1%
Frequently asked questions
- Is UBER in XLI?
- Yes, Industrial Select Sector SPDR Fund (XLI) holds UBER with 2.50% (as of 2026-11-06).
- What ETFs hold UBER?
- Uber Technologies, Inc. (UBER) is held by XLI (2.50%).
- What AI bubble is UBER in?
- Uber Technologies, Inc. (UBER) is mapped to the Quantum bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.44 to quantum centroid (29 obs, 2nd: nuclear-smr 0.305). is_primary_bubble=FALSE.
- What sector is UBER in?
- Uber Technologies, Inc. is classified under GICS Industrials (Passenger Ground Transportation).
- What is UBER's last close price?
- UBER last closed at $68.59 on 2026-11-06.