Overview
Symbotic fiscal Q4 revenue rose to $618 mln, beating analyst expectations
Company reported a net loss of $19 mln for fiscal Q4, compared to a profit last year
Cash and cash equivalents increased by $467 mln from the prior quarter
Outlook
Symbotic expects Q1 fiscal 2026 revenue of $610 mln to $630 mln
Company forecasts Q1 fiscal 2026 adjusted EBITDA of $49 mln to $53 mln
Result Drivers
REVENUE GROWTH - Revenue exceeded expectations, per CFO Izzy Martins
NEW CUSTOMER - Entry into healthcare vertical with Medline as a new customer, broadening opportunities, per CEO Rick Cohen
MARGIN EXPANSION - Achieved strong gross margin expansion in Q4, contributing to financial performance, per CFO Izzy Martins
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $618.46 mln | $606.30 mln (16 Analysts) |
Q4 Net Income | -$19.15 mln | ||
Q4 Gross Profit | $127.12 mln | ||
Q4 Operating Expenses | $148.88 mln | ||
Q4 Operating Income | -$21.76 mln | ||
Q4 Pretax Profit | -$13.69 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Symbotic Inc is $53.00, about 1.2% below its November 21 closing price of $53.64
Press Release: ID:nGNX1YkbFC
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)