Investing
Serve Robotics (SERV) Stock Jumps on Raised 2026 Guidance
Serve Robotics stock rose 16.8% after Q3 revenue jumped 313% to $2.8 million and the company raised its full-year 2026 revenue guidance to $12 million.
Serve Robotics stock rose 16.8% in early regular trading on November 6, 2026, after the company reported third-quarter results the evening before. Revenue reached $2.8 million, up 313% from a year earlier, and the company raised its full-year revenue target to $12 million.
What Serve Robotics reported
| Metric | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $2.84 million | $0.69 million | +313% |
| Daily active robots | 917 | 312 | +194% |
| Net loss | $59.2 million | $33.0 million | +79% |
| Net loss per share | $0.68 | $0.54 | +$0.14 |
| Adjusted EBITDA (earnings before interest, tax, depreciation, amortization and stock pay) | -$42.2 million | -$25.0 million | Loss +69% |
Full-year 2026 revenue guidance (the company's own forecast) rose to $12 million from a previous range of $9 million to $10 million. Guidance for non-GAAP operating expenses, which exclude items such as stock-based pay, was cut to $150 million from $160 million to $170 million set at the start of the year.
Revenue did slip from $3.24 million in the second quarter, as software services fell to $253,000 from $933,000 while fleet services grew to $2.58 million. Recurring revenue made up 69% of the total. Serve also launched its first international city in Australia in October.
Why the stock rose 16.8%
The gain was about three and a half times the size of a typical day's swing for the stock. The most likely drivers were the higher revenue target paired with lower planned spending, along with the launch of Serve Physical AI Services, which offers the company's robotics data and connectivity technology to other robot makers. CEO Ali Kashani called this "a significant new opportunity for us," and CFO Brian Read said Q3 revenue "exceeded our expectations."
What to watch next
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Whether fourth-quarter revenue keeps the company on track for the $12 million full-year target
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Customer take-up of Serve Physical AI Services among other robot makers
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Gross margin trends as the recurring revenue share rises
FAQ
Is Serve Robotics profitable?
No. Its net loss for the first nine months of 2026 was $172.4 million, compared with $67.1 million in the same period of 2025.
How much cash does Serve Robotics have?
The company held $198.0 million in cash and marketable securities on September 30, 2026, and used $123.5 million of cash in its operations over the first nine months of the year. It had about 88 million shares outstanding.
Sources
This article is for information only and is not investment advice.