Serve Robotics Inc. (NASDAQ:SERV) posted its second-quarter results after Thursday’s closing bell, missing revenue estimates and slashing its forward guidance. Here’s a look at the details inside the report.
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Serve Robotics Q2 Details
Serve Robotics reported quarterly losses of 59 cents per share, which beat the consensus estimate for losses of 68 cents, according to Benzinga Pro data.
Quarterly revenue came in at $3.28 million, which missed the Street estimate of $3.49 million.
“Serve is driving innovation in last-mile delivery as our scaled robot fleet is powering deliveries across multiple verticals,” said Ali Kashani, Serve’s CEO.
“Our leadership in autonomy and commercial deployment has created advantages that compound with scale, enabling unique partnerships, more diversified revenue streams, and new monetization opportunities, all while maintaining a disciplined approach to growth,” Kashani added.
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Looking Ahead
Serve Robotics lowered its fiscal 2026 revenue outlook from $26 million to a new range of $9 million to $10 million. The company said, “the revision reflects lower than expected delivery volume through the company’s Uber Eats partnership, including a decline reflected in Q2 results and the removal of projected demand in the second half of 2026.”
SERV Stock Price Activity: According to data from Benzinga Pro, Serve Robotics stock was down 6.76% to $5.29 in Thursday’s extended trading.
Photo: Courtesy Serve Robotics