Symbotic Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 22% year-over-year to $721M with expanding margins and GAAP profitability. Adjusted EBITDA more than doubled, driven by new deployments and software growth. Q4 guidance anticipates further revenue and EBITDA increases, with innovation and acquisitions supporting future growth.
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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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The acquisition of a major retailer's advanced robotics business extends automation from warehouses to stores, enabling micro-fulfillment and last-mile delivery. The deal, valued at up to $550 million, is expected to be accretive and expands the addressable market by $300 billion in the U.S.
Fiscal Year 2024
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Q4 and full-year results showed strong revenue growth, record system deployments, and a rebound in gross margin. Expansion into Mexico and continued GreenBox development broadened the addressable market, while guidance calls for sustained growth and margin stability in 2025.
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Q3 saw record 58% revenue growth and strong backlog, but system gross margin fell due to construction delays, labor inefficiencies, and retrofit costs. Management expects margins to recover to historical levels in Q4 and revenue growth to reaccelerate in fiscal 2025.