Symbotic Reports First Quarter Fiscal Year 2026 Results

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]