Robotics Stock news
Serve Robotics Inc. (NASDAQ: SERV) furnished an updated investor presentation on October 5, 2026, outlining preliminary unaudited financial targets for the fiscal year ending December 31, 2026, including an expected cost of revenue between $44 million and $48 million while reaffirming full--year revenue guidance of $9 million to $10 million.
Financial & Strategic Highlights:
- Unit Economics & Margin Pressures: The projected cost of revenue underscores negative gross margins for FY2026, driven by elevated operational scaling expenses for its sidewalk autonomous robot fleet.
- Operating Expense Projections: The company maintained full--year non--GAAP operating expense forecasts of $140 million to $150 million and planned capital expenditures of $15 million to $17 million.
- Institutional Outreach: Chief Executive Officer Ali Kashani and Chief Financial Officer Brian Read will conduct one--on--one investor meetings at Evercore ISI's 5th Annual Automation Tech & Physical AI Conference in New York on October 7, 2026.