Financial Data and Key Metrics Changes - Revenue for the first quarter reached $630 million, a 29% increase year-over-year, meeting the top end of the forecasted range [8][9] - GAAP profitability was achieved with a net income of $13 million, a significant improvement from a net loss of $17 million in the same quarter last year [14] - Adjusted EBITDA was $67 million, well above the forecasted range, marking a substantial increase from $18 million in the first quarter of fiscal year 2025 [15] Business Line Data and Key Metrics Changes - Systems revenue grew by 27% year-over-year to $590 million, driven by new deployments and operational transitions [10] - Software revenue increased by 97% year-over-year to $10.9 million, while operations services revenue grew by 68% year-over-year to $28.8 million [10] - The company added 10 new systems during the quarter, including several phase one deployments for its largest customer [9][10] Market Data and Key Metrics Changes - The backlog remained strong at $22.3 billion, reflecting a modest change from $22.5 billion last quarter due to revenue recognition [15] - The company processed over 2 billion cases for customers in calendar year 2025, indicating significant operational scale [7] Company Strategy and Development Direction - The company aims to broaden opportunities in e-commerce, particularly through partnerships with major retailers like Walmart [4] - An acquisition of Fox Robotics was completed to enhance capabilities in autonomous forklift solutions, aligning with the strategy to automate supply chain processes [5][36] - The company is investing in R&D to drive higher performance levels across operational systems, with a focus on product innovation [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving higher margins and sustained GAAP profitability, citing improved operational execution and product innovation [3][14] - The outlook for the second quarter of fiscal 2026 anticipates revenue between $650 million and $670 million, with continued strong top-line growth and margin expansion [16] - Management noted that the operational improvements and product enhancements are expected to yield tangible economic benefits for customers [4][5] Other Important Information - The company has transitioned to a straight-line method for recognizing stock-based compensation expenses, which may affect financial reporting [12][13] - Cash and cash equivalents increased to $1.8 billion, up from $1.2 billion in the previous quarter, driven by project milestones and a successful follow-on offering [16] Q&A Session Summary Question: Impact of paid development on revenue and EBITDA - Management indicated that paid development now represents double digits of total revenue, with expectations for variability in future quarters [18] Question: Update on deployment timelines - Deployment timelines remain within a two-year period, with improvements reducing the time from installation to operational status to approximately ten months [19] Question: R&D spending implications - R&D spending is expected to increase in the second quarter, with a focus on aligning resources with revenue-generating activities [24] Question: Composition of new deployments - The 10 new deployments included a mix of traditional systems, with no micro-fulfillment systems in this quarter [27] Question: Shipment trajectory and growth expectations - Management clarified that the growth trajectory remains aligned with previous expectations, with a slight improvement in revenue from the previous quarter [33] Question: Implications of the Fox acquisition - The acquisition is expected to open new customer bases and enhance the company's offerings in dock automation [36] Question: Timeline for new offerings and market opportunities - Prototypes for the next-generation systems are expected to be ready within the next year, with significant interest from various sectors [42][80] Question: Progress on chilled or frozen offerings - The company is actively working on designs for perishables and expects to announce developments soon [75][80]

Disclaimer Forward Looking Statements This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, our expectations or predictions of future financial or business performance or conditions. Forward-looking statements are inherently subject to risks, uncertainties and ass ...

Core Viewpoint - Symbotic, Inc. reported mixed financial results for the first quarter, with earnings per share falling short of expectations while revenue exceeded estimates [2][3]. Financial Performance - Quarterly earnings were reported at $0.02 per share, missing the consensus estimate of $0.03 per share [2]. - Quarterly revenue reached $629.99 million, surpassing the Street estimate of $623.11 million [2]. Market Reaction - Following the earnings report, Symbotic's stock price increased by 13.12%, reaching $60.50 in extended trading [3]. Management Commentary - CEO Rick Cohen stated that the company is off to a strong start for the fiscal year, highlighting operational execution and product innovation as key drivers of economic benefits [2][3]. Future Outlook - Symbotic anticipates second-quarter revenue between $650 million and $670 million, exceeding the analyst estimate of $639.24 million [3].

Revenue and Profitability - Total revenue for the three months ended December 27, 2025, was $629,985,000, representing a 29% increase from $486,693,000 for the same period in 2024[166] - Systems revenue increased by 27% to $590,292,000 due to additional revenue from the 2025 Walmart Master Automation Agreement and an increase in the number of Systems in Deployment from 44 to 57[168] - Software maintenance and support revenue surged by 97% to $10,885,000, attributed to an increase in Operational Systems under support contracts from 29 to 51[169] - Operation services revenue rose by 68% to $28,808,000, driven by an increase in the number of Operational Systems receiving these services[168] - Gross profit for the three months ended December 27, 2025, was $133,424,000, up from $81,016,000 in the prior year, resulting in a gross margin of 21% compared to 17%[166] - The company reported a net income of $13,358,000 for the three months ended December 27, 2025, compared to a net loss of $16,859,000 for the same period in 2024[166] - Adjusted EBITDA for the three months ended December 27, 2025, was $66.9 million, compared to $17.9 million in the same period of 2024[187] - Adjusted gross profit for the three months ended December 27, 2025, was $147.2 million, up from $86.2 million for the same period in 2024, representing a 70.8% increase[189] - Gross profit margin improved to 21.2% in Q1 2026 from 16.6% in Q1 2025, while adjusted gross profit margin increased to 23.4% from 17.7%[189] Expenses and Charges - Research and development expenses decreased by $0.3 million (1%) to $43.0 million, representing 7% of total revenue, down from 9%[174] - Selling, general, and administrative expenses increased by $20.5 million (34%) to $81.2 million, primarily due to a rise in employee-related costs[176] - Restructuring charges amounted to $2.7 million, a 100% increase compared to no charges in the prior year, related to workforce reduction[178] - Other income, net decreased by $5.4 million (41%) to $7.8 million, primarily due to lower interest earned despite an increase in cash balance[179] - Income tax expense increased by $0.5 million (310%) to $0.15 million, attributed to international income taxes[180] Cash Flow and Liquidity - Free cash flow for the three months ended December 27, 2025, was $189.5 million, slightly down from $197.7 million in the same period of 2024[190] - Net cash provided by operating activities was $191.5 million for Q1 2026, compared to $205.0 million in Q1 2025, primarily due to changes in working capital[193][194] - Cash and cash equivalents as of December 27, 2025, totaled $1,819.1 million, indicating strong liquidity[201] - The company incurred $40.6 million in net cash used in investing activities during Q1 2026, primarily for strategic investments[191] - Net proceeds from financing activities in Q1 2026 were $424.4 million, resulting from the issuance of Class A common stock[198] - Vendor commitments total $781.3 million, with $710.9 million due within the next year[202] - The company expects current cash and cash equivalents, along with forecasted cash flows, to meet foreseeable cash needs for at least the next 12 months[201] Intellectual Property and Business Developments - The backlog as of December 27, 2025, was approximately $22.3 billion, primarily from agreements with Walmart and Exol[147] - The company has approximately 1,100 issued and/or pending patents protecting its intellectual property related to supply chain automation technology[148] - The acquisition of the Advanced Systems and Robotics business from Walmart in January 2025 added a new product category for automated fulfillment at retail stores[150] Adjustments and Policy Changes - Adjusted gross profit margin is a key indicator of profitability, with adjustments made for depreciation, stock-based compensation, and restructuring charges[188] - A change in stock-based compensation policy was implemented, transitioning from accelerated to straight-line attribution for service-based RSUs[204]

Financial Performance - Symbotic reported Q1 FY 2026 revenue of $630 million, a 29% increase year-over-year, and net income of $13 million, compared to a net loss of $17 million in Q1 FY 2025[3]. - Adjusted EBITDA for Q1 FY 2026 reached $67 million, significantly up from $18 million in Q1 FY 2025[3]. - The company achieved a gross profit of $133.4 million in Q1 FY 2026, compared to $81 million in Q1 FY 2025[18]. - Operating income for Q1 FY 2026 was $6.5 million, a turnaround from an operating loss of $22.97 million in Q1 FY 2025[18]. - Net income for the three months ended December 27, 2025, was $13,358,000, compared to a net loss of $8,969,000 for the previous quarter[20]. - Adjusted EBITDA increased to $66,903,000 for the three months ended December 27, 2025, up from $49,440,000 in the prior quarter[20]. - Gross profit for the three months ended December 27, 2025, was $133,424,000, with an adjusted gross profit of $147,247,000, reflecting a gross profit margin of 21.2% and an adjusted gross profit margin of 23.4%[20]. Expenses - Research and development expenses for Q1 FY 2026 were $43 million, down from $43.3 million in Q1 FY 2025[18]. - Selling, general, and administrative expenses increased to $81.2 million in Q1 FY 2026 from $60.7 million in Q1 FY 2025[18]. - Research and development expenses were $43,006,000 for the three months ended December 27, 2025, with adjusted R&D expenses of $29,866,000[20]. - Selling, general, and administrative expenses totaled $81,219,000, with adjusted SG&A expenses of $50,463,000 for the same period[21]. Cash and Assets - Cash and cash equivalents totaled $1.8 billion at the end of Q1 FY 2026, reflecting a $574 million increase from the prior quarter[3]. - Free cash flow for the three months ended December 27, 2025, was $189,488,000, compared to $494,434,000 in the previous quarter[21]. - Total current assets increased to $2,458,202,000 as of December 27, 2025, from $1,884,860,000 as of September 27, 2025[25]. - Total assets reached $2,994,058,000 as of December 27, 2025, compared to $2,395,729,000 at the end of the previous quarter[25]. - Total liabilities increased to $2,033,847,000 as of December 27, 2025, from $1,917,984,000 as of September 27, 2025[25]. - Total stockholders' equity rose to $663,774,000 as of December 27, 2025, compared to $220,193,000 at the end of the previous quarter[25]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $1,821,307 thousand from $1,247,193 thousand, representing a net increase of $574,114 thousand[28]. - The beginning cash balance was $1,247,193 thousand, which shows a significant increase compared to $780,640 thousand in the previous period[28]. - The net increase in cash, cash equivalents, and restricted cash for the period was $574,114 thousand, compared to $466,553 thousand in the prior period[28]. - Cash and cash equivalents alone reached $1,819,102 thousand, up from $1,244,993 thousand in the previous quarter[28]. - Restricted cash remained relatively stable, with a slight increase to $2,205 thousand from $2,200 thousand[28]. Future Outlook - For Q2 FY 2026, Symbotic expects revenue between $650 million and $670 million, and adjusted EBITDA of $70 million to $75 million[5]. - Symbotic's leadership emphasizes strong operational execution and product innovation as key drivers of profitability and growth[4]. - The company is focused on expanding its customer base and enhancing its technology offerings to meet future demand[10].

Core Insights - Symbotic Inc. reported strong financial results for Q1 FY 2026, with revenue of $630 million, a 29% increase year-over-year, and a net income of $13 million, reversing a net loss of $17 million from the previous year [1][2] - The company achieved an adjusted EBITDA of $67 million, significantly up from $18 million in Q1 FY 2025, indicating improved operational efficiency and profitability [1][2] Financial Performance - Revenue for the first quarter of FY 2026 was $630 million, compared to $490 million in the same quarter of FY 2025, marking a 29% increase [1][21] - Net income for the quarter was $13 million, a turnaround from a net loss of $17 million in Q1 FY 2025 [1][21] - Adjusted EBITDA reached $67 million, up from $18 million in the prior year, reflecting a strong operational performance [1][2][24] Cash Position - Cash and cash equivalents at the end of Q1 FY 2026 totaled $1.8 billion, an increase of $574 million from the previous quarter, bolstered by $424 million in net proceeds from a follow-on offering [2][29] - The company reported a free cash flow of $189.5 million for the quarter, compared to $197.7 million in the same quarter of FY 2025 [24][32] Outlook - For Q2 FY 2026, Symbotic anticipates revenue between $650 million and $670 million, with adjusted EBITDA expected to be between $70 million and $75 million [3]

Core Viewpoint - Symbotic Inc. is set to report quarterly earnings on February 4, 2026, with expectations of significant growth in earnings and revenue compared to the previous year [1][5] Financial Performance - Analysts predict earnings per share to increase by 366.7% to $0.08 [1][5] - Revenue is projected to rise by 27.9% to approximately $622.6 million [1][5] - The company anticipates revenues between $610 million and $630 million, supported by a substantial backlog valued at $22.5 billion [2] Stock Performance - Symbotic's stock has surged by 101% over the past year, outperforming the Zacks Technology Services industry and competitors like Bitfarms [3][5] - Despite the annual surge, the stock has declined over 33% in the past three months due to concerns over high costs and valuation issues [2][3] Financial Ratios - The price-to-sales ratio stands at 14.55, indicating investors are willing to pay $14.55 for every dollar of sales [4] - The debt-to-equity ratio is low at 0.14, suggesting conservative use of debt [4] - The current ratio of 1.08 indicates modest liquidity [4] Risks - The company's heavy reliance on Walmart poses a potential risk to future performance if the partnership encounters challenges [3]

Core Insights - Symbotic Inc. (SYM) is expected to report first-quarter fiscal 2026 results on February 4, with revenue estimates at $622.31 million, reflecting a 27.9% year-over-year growth and earnings estimated at 8 cents per share, indicating a 366.7% increase from the previous year [1][7]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for SYM's revenues in Q1 is $622.31 million, with a projected growth rate of 25-29% based on backlog conversion [1][5]. - The earnings estimate for Q1 remains stable at 8 cents per share over the past 60 days, with no revisions [2][3]. Backlog and Growth Drivers - SYM reported a backlog of $22.5 billion in Q4 of fiscal 2025, which is anticipated to drive revenue growth in Q1 fiscal 2026 [5]. - The company projects adjusted EBITDA between $49 million and $53 million for the first quarter [5]. Cost and Margin Concerns - High operating costs, particularly in research and development and selling, general, and administrative expenses, are expected to negatively impact bottom-line performance [6][15]. - The company's significant investments to maintain technological advantages have contributed to increased costs [6]. Stock Performance and Valuation - SYM's shares have declined over 33% in the past three months, underperforming its industry and peers [7][8]. - The company is considered relatively overvalued, trading at a high forward 12-month price-to-sales ratio compared to industry averages and competitors [11]. Customer Dependency - SYM's reliance on Walmart, its largest customer, raises concerns, as this partnership constitutes a significant portion of its revenues [15]. - The acquisition of Walmart's advanced systems and robotics business in January 2025 has further solidified this dependency [15].

Core Insights - A significant portion of Symbotic's revenues is derived from its partnership with Walmart, which serves as the largest customer [1] - In fiscal 2025, more than 84% of Symbotic's total revenues were generated from Walmart, indicating a high dependency on a single customer [2] - Symbotic has a sizable backlog of $22.5 billion, primarily from agreements with Walmart and GreenBox, providing strong visibility into future revenue [3] - To reduce dependence on Walmart, Symbotic is pursuing strategies to diversify its customer base and expand market reach [5] - A new partnership with Nyobolt enhances Symbotic's warehouse automation systems, improving performance and durability [6] Revenue Concentration - Over 84% of Symbotic's fiscal 2025 revenues were generated from Walmart, highlighting significant customer concentration risk [2][11] - The company's backlog of $22.5 billion is largely tied to Walmart and GreenBox, emphasizing the reliance on these key partners [3][11] Strategic Initiatives - Symbotic is focusing on diversifying its customer base to mitigate risks associated with customer concentration, including a deal with Nyobolt [5][11] - The collaboration with Nyobolt aims to enhance the performance of Symbotic's autonomous mobile robots, which could broaden its market appeal [6] Financial Performance - Symbotic's shares have surged in double digits over the past year, outperforming its industry [9] - The company is trading at a premium valuation compared to the industry average, with a price-to-sales ratio of 10.98X [13]

Core Viewpoint - Analysts project that Symbotic Inc. (SYM) will report quarterly earnings of $0.08 per share, reflecting a significant year-over-year increase of 366.7% [1] - Revenue is expected to reach $622.31 million, marking a 27.9% increase from the same quarter last year [1] Earnings Estimates - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] - Revisions to earnings estimates are crucial for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2] Revenue Projections - Analysts estimate that 'Revenue- Software maintenance and support' will reach $10.17 million, representing an 84% year-over-year increase [4] - The 'Revenue- Systems' is projected to be $587.91 million, indicating a 26.7% increase from the prior year [4] - The consensus for 'Revenue- Operation services' is $25.66 million, reflecting a 50% increase from the previous year [4] Stock Performance - SYM shares have decreased by 5.6% over the past month, contrasting with the Zacks S&P 500 composite's increase of 0.9% [5] - With a Zacks Rank of 5 (Strong Sell), SYM is expected to underperform the overall market in the near term [5]