Why AI Robotics Stock Symbotic Surged 64% to All-Time Highs This Week

Core Insights - Symbotic's stock price surged 63.8% to an all-time high of $87.88 per share, driven by strong financial performance and new client acquisition [1][2] - The company reported a 26% increase in full-year revenue, reaching nearly $2.3 billion, and a 9% rise in fourth-quarter revenue [3] - Symbotic's operational robotic systems nearly doubled to 48, and it ended the fiscal year with a backlog of $22.5 billion, indicating robust growth potential [3][6] Financial Performance - Full-year revenue increased by 26% to nearly $2.3 billion, with fourth-quarter revenue up by 9% [3] - Gross margin stands at 18.07%, reflecting the company's profitability [5] Market Expansion - Symbotic is entering the healthcare market by signing Medline as a new customer, which is expected to unlock significant growth opportunities [6][7] - The partnership with Walmart, the largest customer, continues to strengthen, with Walmart financing new micro-fulfillment systems [5][6] Growth Potential - The entry into healthcare opens a massive new market for Symbotic, potentially attracting interest from other industries [7] - The company's substantial backlog of $22.5 billion is nearly ten times its revenue from the last fiscal year, indicating strong future demand [3][7]