What's Going On With Serve Robotics Stock Friday?

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...