Serve Robotics Raises 2026 Revenue Guidance to $12 Million
Third-quarter revenue rose 313% year over year to $2.84 million. Serve also lowered full-year non-GAAP operating expense guidance to $150 million and ended the quarter with more than $198 million in cash and marketable securities. The company said lower-than-expected Uber Eats delivery volume is expected to persist through year-end.
Serve Robotics Inc. reported financial results for the third quarter ended September 30, 2026, highlighting a 313% year-over-year revenue increase to $2.84 million. The company raised its full-year 2026 revenue guidance to $12 million, up from its previous range of $9 million to $10 million, citing strong robot demand and growth across its diversified revenue streams. Additionally, the company lowered its full-year 2026 non-GAAP operating expense guidance to $150 million, reflecting improved cost discipline.
Serve ended the quarter with over $198 million in cash and marketable securities, though it noted that lower-than-expected delivery volume through its Uber Eats partnership pressured revenue and is expected to persist through the remainder of the year.