Serve Robotics Inc (SERV)
NASDAQ:SERV
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.67Last Year’s EPS
-0.36Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but constructive picture: the company delivered dramatic top-line growth and clear operational scale (large YoY and sequential revenue increases, rapid fleet expansion, positive software margins, recurring revenue growth and strong cash reserves). At the same time, Serve remains in an investment phase with substantial GAAP losses, a deeply negative gross margin driven by fleet economics, high operating expenses, and near-term moderation in deployment while the company focuses on converting capacity into revenue. Management reiterated $26M 2026 revenue guidance, emphasized roadmap to improve revenue per robot and margins, and highlighted strong safety and integration progress.Company Guidance
Strong Q1 Revenue Growth
Total Q1 revenue was approximately $3.0M, up ~578% year-over-year and ~238% sequentially (CEO described this as nearly 7x YoY and ~3.5x sequential).
Fleet Revenue Expansion
Fleet revenue grew from roughly $200K in Q1 last year to nearly $2.0M in Q1 2026 (an order-of-magnitude increase), demonstrating rapid monetization of deployed robots.
Software & Recurring Revenue Mix
Software revenue was approximately $1.0M (about one-third of total revenue). Q1 included roughly $1.4M of recurring revenue, representing just under half of total revenue and showing a growing higher-margin, recurring base.
Fleet Scale and Utilization Gains
Deployed fleet is ~7x larger than Q1 last year. Daily active robots averaged 812 (over 800), up ~48% sequentially and ~10x YoY (per CEO). Daily supply hours averaged over 10,000, up ~54% sequentially and ~13x YoY (per CEO).
Combined Footprint and Volume
Combined operations (sidewalk + healthcare) span 44 cities in 14 states with nearly 2 million deliveries completed, and the combined robots now deliver over 10,000 robot supply hours to partners every day.
Successful Integration of Diligent Robotics
Diligent (healthcare) integration is proceeding in line with plans: team quality, healthy hospital pipeline, incremental recurring revenue profile, and pro forma revenue impact (pro forma: Q1 revenue +30% YoY and +28% sequentially).
Safety and Operational Record
Robots have maintained a strong safety record; company reported no incident resulting in serious injury and emphasized orders-of-magnitude lower kinetic energy vs cars.
Balance Sheet Strength and Guidance
Ended Q1 with $197.4M in cash and marketable securities. Company reiterated full-year 2026 revenue guidance of $26M and non-GAAP operating expense guidance of $160M–$170M.
Software Margin and Improvement Trend
Although overall gross margin was negative, software gross margin was positive and overall gross loss and margin improved materially from Q4 as revenue scaled and software mix increased.
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
SERV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $9.09 | $8.77 | -3.52% |
Mar 11, 2026 | $9.67 | $10.65 | +10.13% |
Nov 12, 2025 | $10.47 | $9.42 | -10.03% |
Aug 07, 2025 | $10.59 | $10.47 | -1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Serve Robotics Inc (SERV) report earnings?
Serve Robotics Inc (SERV) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Serve Robotics Inc (SERV) earnings time?
Serve Robotics Inc (SERV) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SERV EPS forecast?
SERV EPS forecast for the fiscal quarter 2026 (Q2) is -0.67.