Serve Robotics Inc. (NASDAQ:SERV) shares are trading lower Friday morning as investors digest slashed fiscal 2026 revenue guidance following the company’s second-quarter update.
- Serve Robotics stock is among today’s weakest performers. Why is SERV stock dropping?
What Drove Serve Robotics’ Stock Drop?
Serve Robotics reported a second-quarter loss of 59 cents per share, better than the expected loss of 68 cents, but revenue of $3.28 million missed the $3.49 million estimate.
More importantly for the premarket reaction, the company cut its fiscal 2026 revenue outlook from $26 million to a new $9 million to $10 million range, citing lower-than-expected delivery volume through its Uber Eats partnership.
The company said the revision reflects a decline already seen in the second-quarter and the removal of projected demand in the second half of 2026, sharpening concerns about near-term fleet utilization.
CEO Ali Kashani reiterated the company’s "scaled robot fleet" strategy and push toward "more diversified revenue streams," but the guidance delta is what’s driving the repricing.
SERV Stock Price Movement Friday Morning
SERV Stock Price Activity: Serve Robotics shares were down 13.38% at $4.92 Friday morning, according to Benzinga Pro data.
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