Symbotic Inc.'s stock surged 12.19% in pre-market trading following the release of its first-quarter fiscal 2026 financial results, which exceeded analyst expectations.

The AI robotics company reported revenue of $629.99 million for the quarter, beating the consensus estimate of $623.11 million and representing a 29% year-over-year increase. The company swung to a net income of $13.36 million from a net loss in the prior-year period, with adjusted EBITDA soaring to $67 million from $18 million.

Furthermore, Symbotic issued strong guidance for the second quarter, projecting revenue between $650 million and $670 million, which surpasses current analyst forecasts. Management attributed the strong performance to effective operational execution and product innovation, which drove stronger-than-expected margins.