Symbotic Earnings Call Transcripts
Fiscal Year 2026
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Revenue and margins expanded year-over-year, with Q2 revenue at $676M and GAAP profitability achieved. Backlog remains strong at $22.7B, and Q3 guidance projects further growth. Technology investments and new deployments, including AWG and Exal, support continued momentum.
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Revenue grew 29% year-over-year to $630M with GAAP profitability and strong margin expansion. Adjusted EBITDA reached $67M, and backlog remained robust at $22.3B. Outlook calls for continued top-line growth and margin gains, supported by innovation and international expansion.
Fiscal Year 2025
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Revenue grew 26% year-over-year with strong margin expansion and a $1.2B cash balance. Q4 revenue exceeded expectations, and backlog reached $22.5B, with new wins in healthcare and e-commerce. Guidance anticipates accelerating growth in the second half of fiscal 2026.
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Revenue rose 26% year-over-year to $592M, with adjusted EBITDA at $45M and a strong $22.4B backlog. The next-gen storage structure is expected to boost margins and accelerate deployments, though near-term revenue growth will moderate as customers transition to the new system.
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Revenue rose 40% year over year to $550M, with gross margin expansion and a reduced net loss. Backlog reached $22.7B, and the Walmart ASR acquisition contributed to growth. Q3 guidance projects $520–$540M revenue and $26–$30M adjusted EBITDA.
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Revenue grew 35% year-over-year to $487M, with strong recurring and software revenue growth. Integration of recent acquisitions, including Walmart's robotics business, is underway, supporting a $22.4B backlog. Q2 guidance calls for continued high growth and margin improvement.
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Symbotic is acquiring Walmart's Advanced Systems and Robotics Business, expanding its automation reach to store-level e-commerce fulfillment. The deal includes a $520M development program funded by Walmart, potential $5B backlog, and is expected to be accretive to revenue and margins.
Fiscal Year 2024
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Q4 saw record deployments, 55% revenue growth, and a return to historical gross margins. Expansion into Mexico and GreenBox progress broadened the addressable market, while guidance calls for continued strong growth and margin stability in FY25.
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Q3 revenue surged 58% year-over-year to $492M, but system gross margin fell to 15.6% due to construction delays and retrofit costs. Management expects margins to recover to 20% in Q4 and revenue growth to reaccelerate in Q1 2025.