Serve Robotics (NASDAQ:SERV) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Serve Robotics (NASDAQ:SERV) issued its earnings results on Thursday. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.09, FiscalAI reports. The business had revenue of $3.24 million during the quarter, compared to analysts’ expectations of $3.51 million. Serve Robotics had a negative net margin of 2,639.98% and a negative return on equity of 47.31%.

Here are the key takeaways from Serve Robotics’ conference call:

• 2026 revenue guidance was cut sharply to $9 million-$10 million from $26 million, following a Q2 decline in delivery revenue and the removal of an expected second-half Uber volume ramp.
• Serve said it currently does not expect to renew its Uber agreement when it expires in early 2027 unless the operating model and integration materially improve, although discussions remain ongoing.
• The company highlighted growing diversification: DoorDash delivery volume increased nearly 50% sequentially, advertising generated nearly half of robotic food-delivery revenue, and hospital robotics added recurring revenue through seven contract extensions and two new hospital wins.
• Management is reducing 2026 capital expenditure guidance to approximately $15 million-$17 million and non-GAAP operating expense guidance to $140 million-$150 million, while preserving investment in autonomy and software; Serve ended Q2 with more than $240 million in cash and marketable securities.
• Serve plans upcoming initiatives including a new marketplace partnership, two market launches, the Beacon merchant-integration product, direct-demand capabilities, and autonomy upgrades intended to improve fleet utilization and unit economics.

Serve Robotics Price Performance

Shares of SERV traded up $0.02 during mid-day trading on Thursday, reaching $5.68. 4,825,018 shares of the company’s stock were exchanged, compared to its average volume of 3,120,688. The stock has a market capitalization of $439.46 million, a PE ratio of -2.83 and a beta of 1.34. The business’s fifty day simple moving average is $6.32 and its 200-day simple moving average is $8.46. Serve Robotics has a 52-week low of $4.32 and a 52-week high of $18.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Serve Robotics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH upped their price objective on shares of Serve Robotics from $15.00 to $16.60 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Freedom Capital lowered Serve Robotics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Guggenheim started coverage on Serve Robotics in a research report on Monday, April 20th. They set a “buy” rating and a $13.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.51.

Insider Activity at Serve Robotics

In other Serve Robotics news, Director David Michael Goldberg sold 10,600 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $7.20, for a total transaction of $76,320.00. Following the transaction, the director directly owned 35,125 shares of the company’s stock, valued at approximately $252,900. This trade represents a 23.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Touraj Parang sold 4,219 shares of Serve Robotics stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $7.24, for a total transaction of $30,545.56. Following the completion of the transaction, the chief operating officer owned 1,298,244 shares in the company, valued at approximately $9,399,286.56. This represents a 0.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 32,200 shares of company stock worth $232,704 in the last 90 days. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Serve Robotics

Several hedge funds have recently made changes to their positions in SERV. Quadrant Capital Group LLC acquired a new position in Serve Robotics in the 4th quarter valued at about $31,000. Kestra Advisory Services LLC acquired a new stake in Serve Robotics during the 4th quarter worth approximately $39,000. Russell Investments Group Ltd. purchased a new position in shares of Serve Robotics in the 3rd quarter valued at approximately $59,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Serve Robotics in the 4th quarter valued at approximately $106,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Serve Robotics by 74.1% in the third quarter. BNP Paribas Financial Markets now owns 9,278 shares of the company’s stock valued at $108,000 after purchasing an additional 3,950 shares during the period.

Serve Robotics News Summary

Here are the key news stories impacting Serve Robotics this week:

• Positive Sentiment: Serve reported Q2 revenue of $3.24 million, up 404% year over year and 9% sequentially. Revenue from the DoorDash partnership grew nearly 50% sequentially, while advertising, software and other recurring revenue streams helped diversify the business. Serve Robotics Announces Second Quarter 2026 Results
• Positive Sentiment: The company expanded beyond food delivery by adding NoScrubs Laundry and highlighting healthcare, grocery and hospital operations. More than 50% of Q2 revenue came from recurring sources, and Serve said gross margins improved from the prior quarter.
• Positive Sentiment: Serve ended June with $240.4 million in cash and marketable securities, giving it substantial liquidity to fund robot deployment, technology investment and partnerships. Management also lowered its full-year non-GAAP operating-expense forecast to $140 million-$150 million. Serve Robotics Reports Q2 2026 Results
• Neutral Sentiment: Analysts maintain a generally constructive view, with the company carrying a consensus “Moderate Buy” rating. However, the limited coverage and high price targets reflect a speculative, high-volatility investment profile rather than near-term earnings strength. Serve Robotics Given Consensus Rating of Moderate Buy
• Negative Sentiment: Serve cut full-year 2026 revenue guidance to $9 million-$10 million from a level far below the roughly $25.8 million analyst consensus. The reduction reflects weaker-than-expected Uber Eats delivery volume and the removal of anticipated second-half demand. Serve Robotics Trims 2026 Outlook Amid Strong Growth
• Negative Sentiment: Although adjusted EPS of negative $0.59 beat the consensus estimate of negative $0.68, GAAP EPS was a loss of $0.80 versus an expected loss of $0.69, and revenue missed estimates. Net loss widened to $64.1 million, while operating expenses reached $57.3 million, underscoring ongoing profitability and cash-burn risks. Serve Robotics Reports Q2 Loss, Lags Revenue Estimates

About Serve Robotics

Serve Robotics develops and operates autonomous sidewalk delivery robots designed to transform last-mile logistics for restaurants, retailers and grocery brands. By combining proprietary hardware, sensor suites and dispatch software, the company enables on-demand deliveries of food, beverages and consumer goods while minimizing reliance on traditional vehicle fleets.

The core Serve robot integrates four-wheeled mobility, LiDAR and vision cameras with AI-driven navigation algorithms to detect obstacles, traverse urban sidewalks and interact safely with pedestrians.