Serve Robotics reported Q2 earnings that beat loss estimates but missed revenue expectations. More significantly, the company drastically cut its fiscal 2026 revenue guidance, citing lower-than-expected delivery volume from its Uber Eats partnership, which led to a sharp decline in its stock price.
Serve Robotics (SERV) experienced a significant stock decline after its Q2 report. While the company beat loss estimates, it missed revenue expectations and, more critically, slashed its fiscal 2026 revenue guidance from $26 million to a range of $9 million to $10 million. This substantial reduction is attributed to lower-than-expected delivery volume through its Uber Eats partnership, indicating a potential weakening of a key revenue stream. This news is a major negative catalyst for SERV, suggesting a challenging short-term outlook and raising questions about the long-term growth trajectory and viability of its business model, especially its reliance on partnerships.