Overview
AI robotics firm's fiscal Q1 revenue rose 29% yr/yr, beating analyst expectations
Adjusted EBITDA for fiscal Q1 rose significantly to $67 mln
Company's net income reached $13 mln, compared to a net loss last year
Outlook
Symbotic expects Q2 fiscal 2026 revenue of $650 mln to $670 mln
Company anticipates Q2 fiscal 2026 adjusted EBITDA of $70 mln to $75 mln
Symbotic sees solid growth profile supported by rising deployments
Result Drivers
OPERATIONAL EXECUTION - CEO Rick Cohen attributed strong start to fiscal year to effective operational execution and product innovation
STRONGER MARGINS - CFO Izzy Martins noted profitability exceeded expectations due to stronger margins
CASH INCREASE - Cash and cash equivalents rose by $574 mln, including $424 mln from a follow-on offering
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $629.99 mln | $623.11 mln (18 Analysts) |
Q1 Net Income | $13.36 mln | ||
Q1 Gross Profit | $133.42 mln | ||
Q1 Operating Expenses | $126.90 mln | ||
Q1 Operating Income | $6.53 mln | ||
Q1 Pretax Profit | $19.77 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 11 "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 $63.00, about 12.3% above its February 3 closing price of $56.12
The stock recently traded at 75 times the next 12-month earnings vs. a P/E of 130 three months ago
Press Release: ID:nGNX6HXH5N
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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.)