Autonomous delivery firm Serve Robotics cuts its 2026 revenue outlook despite reporting 406% year-over-year growth in Q2.
Serve Robotics (SERV) saw its shares decline over 10% after reducing its full-year 2026 revenue projection. The company reported second-quarter revenue of $3.24M, a 406% increase from the same period last year.
The revised outlook contrasts with strong quarterly performance, where revenue growth accelerated significantly. Prior forecasts had set higher expectations for 2026, but the company did not disclose specific reasons for the adjustment.
The stock drop reflects investor concerns over the lowered guidance, despite the company’s rapid expansion in the autonomous delivery sector.