Serve Robotics Q2 revenue jumps less than expected; cuts FY outlook citing lower Uber Eats volume
SERV•Quarterly results and outlook
-
US autonomous robotics firm's Q2 revenue rose 404% yr/yr but missed analyst expectations
-
Company lowered full-year 2026 revenue outlook due to weaker Uber Eats delivery volume
-
Ended Q2 with over $240 mln in cash and marketable securities
-
Serve Robotics cuts 2026 revenue outlook to $9 mln-$10 mln, citing lower Uber Eats volume
-
Company lowers FY2026 non-GAAP operating expense forecast to $140 mln-$150 mln from $160 mln-$170 mln
Result drivers and key details
- Revenue diversification - Co said revenue growth was driven by strong triple-digit increases across delivery, branding, and software services
- Higher-margin recurring revenue - Co said improved gross margin was due to higher share of recurring revenue, which made up over 50% of total revenue
- Delivery partner acceleration - Revenue from DoorDash partnership grew nearly 50% sequentially and exceeded expectations
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
Related News
Cocrystal Pharma director Phillip Frost reports $9,816 common share purchase
COCP•
AIG Q2 FY26 net income per share drops 10% to $1.78; General Insurance net premiums written rise 9% to $7.5 billion
AIG•
