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EarningsQ2 2026 Earnings Report
SERV Q2 2026 EPS Results
Actual EPS-$0.80
Consensus EPS-$0.69
Beat/MissMissed by -$0.11
One Year Ago EPS-$0.36
SERV Q2 2026 Revenue Results
Actual Revenue$3.24M
Expected Revenue$3.51M
Beat/MissMissed by -$272.00K
YoY Revenue Growth+404.36%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
SERV Upcoming Earnings
Serve Robotics Inc's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
SERV Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The call contained important strategic positives—diversified revenue mix, strong DoorDash growth, hospital robotics traction, product and autonomy investments, a 2,000-robot footprint and a strong cash position—but these were overshadowed by a material near-term revenue outlook deterioration driven by a reversal in Uber volume and a large guidance cut. Significant operating losses, steep negative gross margin, and the need to reallocate capacity create real near-term challenges even as management outlines credible product and partnership initiatives to address integration and utilization constraints.Company Guidance
Q2 Revenue Growth
Total Q2 revenue of $3.2M (up 9% sequentially and over 400% year-over-year), driven by growth in non-Uber channels and diversified revenue mix.
Diversified and Recurring Revenue Mix
Recurring revenue exceeded 50% of total revenue; advertising accounted for nearly 50% of robotic food delivery revenues; software revenue was nearly $1M in the quarter.
Strong DoorDash Performance and Other Marketplace Traction
Deliveries with DoorDash grew ~50% sequentially last quarter and another ~50% between June and July; management announced an upcoming new delivery marketplace partnership.
Hospital Robotics Momentum
Hospital robotics delivered contracted recurring revenue with attractive margins; year-to-date the company signed 7 multi-year contract extensions and 2 new hospitals.
Fleet Scale and Market Footprint
Operational scale of ~2,000 robots across more than 40 cities nationwide, enabling broader commercial and advertising opportunities.
Strong Liquidity Position
More than $240M in cash and marketable securities at the end of Q2, providing runway to execute strategic changes and investments.
Product and Technology Initiatives
Planned announcements (Aug 17 and later this year) include a merchant integration product (Beacon), a new direct-to-customer product, two new market launches, a new delivery marketplace partnership, and upgrades to the autonomy stack and AI models.
Operational and Cost Discipline
Management is cutting planned 2026 capex from ~$25M to $15–17M and narrowing 2026 non-GAAP OpEx guidance to ~$140–150M, reflecting targeted cost reductions and prioritization of autonomy R&D.
Sequential Fleet Gross Margin Improvement
Fleet gross margin improved sequentially in Q2 despite the decline in Uber-delivered volume, indicating operational efficiency gains.
SERV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed