Serve Robotics Shares Jump on Boosted Revenue Outlook, 4Q Beat
By Amira McKee
Shares of Serve Robotics climbed after the company raised its top-line forecast for 2026 and logged a five-fold boost in fourth-quarter revenue.
The stock jumped 13% to $10.90 in Wednesday morning trading. The shares have gained 56% in the past year.
The maker of self-driving food-delivery robots now expects to log revenue of approximately $26 million in 2026, beating Wall Street's forecast of $23.1 million, according to FactSet.
In the fourth quarter, revenue grew nearly five-fold to $882,000, ahead of the $800,000 that analysts polled by FactSet had anticipated.
Serve Robotics recorded a net loss of $34.3 million, or 46 cents a share, compared with a loss of $13.1 million, or 36 cents a share, a year earlier.
The results beat the estimated per-share loss of 54 cents that Wall Street modeled for, according to FactSet.
The robotics company also unveiled a partnership with White Castle on Wednesday to deliver the hamburger chain's products to eligible customers with Serve's self-driving delivery robots on Uber Eats.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
March 11, 2026 11:37 ET (15:37 GMT)
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