Serve Robotics Inc. (SERV) Reports Q2 Loss, Beats Revenue Estimates

Core Viewpoint - Serve Robotics Inc. reported a quarterly loss of $0.36 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.23, marking a significant earnings surprise of -56.52% [1] Financial Performance - The company posted revenues of $0.64 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 1.10%, compared to revenues of $0.47 million in the same quarter last year [2] - Over the last four quarters, Serve Robotics has surpassed consensus EPS estimates only once [2] Stock Performance - Serve Robotics shares have declined approximately 22.7% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.24 on revenues of $1.46 million, and for the current fiscal year, it is -$0.93 on revenues of $5.35 million [7] Industry Outlook - The Computers - IT Services industry, to which Serve Robotics belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8]