# Uber Technologies reported its first quarter 2026 earnings before the market open on Wednesday May 6.

*business · news · 2026-05-06 · Artvoice*

## Key points

- Uber's GAAP EPS miss was due to a $1.5 billion non-cash equity investment revaluation.
- Uber One membership surpassed 50 million, now contributing half of all gross bookings globally.
- Uber guided Q2 2026 gross bookings and EPS above every Wall Street estimate.
- 95 percent of Uber engineers now use AI coding assistants monthly, driving productivity gains.
- Uber repurchased $3 billion of stock in Q1 under its $7 billion buyback program.

**Companies:** Uber Technologies
**Countries:** United States, Australia, Japan, United Kingdom

[Read the full story on Artvoice](https://artvoice.com/2026/05/06/uber-stock-surged-10-percent-after-earnings-and-here-is-why/)

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