Serve Robotics’ revenue forecast to surge nearly tenfold to $26 million in 2026

Serve Robotics Inc. (NASDAQ: SERV), the autonomous delivery company[HP1.1] backed by Uber and Nvidia, ended the first quarter of 2026 with roughly 2,050 deployed robots and generated $3 million in revenue, up 578% from a year earlier, as it expanded its operating footprint to 44 cities across 14 US states. The company develops and operates AI-powered autonomous sidewalk robots that provide last-mile delivery of food and small retail orders for partners.

Visible Alpha consensus shows a sharp acceleration in growth over the next two years. Revenue is forecast to rise to $26 million in 2026, nearly ten times the $2.7 million reported in 2025, with fleet services contributing approximately $22 million and software services generating about $3.7 million. Analysts expect revenue to reach $77 million in 2027, implying almost 200% growth, as a larger fleet, higher utilization rates and recurring software revenue begin to scale.

Serve is also broadening its addressable market beyond restaurant deliveries. In January, the company acquired Diligent Robotics, adding the Moxi hospital logistics robot platform and gaining exposure to the fast-growing healthcare automation market. Moxi robots are already deployed in more than 25 US hospital facilities, where they handle routine delivery tasks for clinical staff. The acquisition marks Serve’s first major step into indoor autonomy and diversifies revenue away from food delivery.

Expansion is also occurring within its core delivery business. Serve recently launched a pilot with laundry service NoScrubs in Los Angeles, representing its first commercial deployment outside prepared food delivery. The initiative demonstrates how the company’s existing robot fleet can be adapted to a broader range of local commerce applications with limited additional investment.

This article was published by Visible Alpha, part of S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.