Serve Robotics Inc. (NASDAQ:SERV) dropped its third-quarter fiscal 2026 results after Thursday's closing bell, and investors liked what they saw. The stock moved higher in after-hours trading. Here's the breakdown.
Serve Robotics Stock Jumps After Q3 Revenue Crushes Estimates
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Serve Robotics Q3 Details
Serve reported quarterly losses of 50 cents per share, which beat the Street estimate for losses of 67 cents, per market data.
Quarterly revenue of $2.84 million blew past the analyst consensus estimate of $1.65 million by 71.45%.
"Serve is getting stronger on every front: demand for our robots is growing, the fleet costs less to operate, and we are opening new ways to generate revenue from what we have built," said Dr. Ali Kashani, Serve's CEO.
Looking Ahead
Serve raised its fiscal 2026 revenue outlook to $12 million, versus the $9.7 million analyst estimate.
SERV Stock Price: According to market data, Serve stock was up 5.17% to $2.44 in Thursday's extended trading.
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