Serve Robotics Reports Strong Q3 Results and Raises Full-Year Revenue Guidance
Serve Robotics Inc. (SERV) reported third-quarter financial results that significantly exceeded Wall Street expectations. The company posted a non-GAAP EPS of $0.51, beating estimates by $1.16, while revenue reached $2.8 million, representing a 305.8% year-over-year increase and surpassing consensus by $1.15 million. Following these results, the company raised its full-year 2026 revenue guidance to $12 million, up from the previous range of $9 million to $10 million. Additionally, Serve Robotics lowered its non-GAAP operating expense guidance to approximately $150 million, down from the prior estimate of $160 million to $170 million, signaling a focus on improved operational efficiency.
Tickers: $SERV
Topics: earnings report guidance raise operating expenses revenue growth