Zacks Investment Research
SERV Cuts 2026 Revenue Outlook: Can Cost Discipline Limit the Impact?
Serve Robotics (SERV) significantly cut its 2026 revenue guidance to $9-10M from $26M, primarily due to failed Uber delivery growth expectations. The company is implementing cost discipline measures, reducing operating expense guidance to $140-150M and capex to $15-17M. While DoorDash deliveries grew 50% sequentially and recurring revenues exceeded 50% of total revenues, the company faces challenges in achieving positive gross margins and relies on improved utilization and monetization.
