Quarterly ResultMay 6, 2026, 04:13 PM
Symbotic Q2 Net Income $1.97M; Revenue $676.48M
AI Summary
Symbotic Inc. reported a significant improvement in its financial performance for the second quarter and six months ended March 28, 2026. The company achieved net income attributable to common stockholders of $1.97 million for the quarter and $4.57 million for the six-month period, reversing losses from the prior year. Total revenue also saw substantial growth, reaching $676.48 million for the quarter and $1.31 billion for the six months. The company's cash position strengthened considerably, partly due to a $424.31 million equity offering, and it also changed its stock-based compensation accounting principle retrospectively.
Key Highlights
- Total revenue for Q2 2026 increased to $676.48 million from $549.65 million in Q2 2025.
- Net income attributable to common stockholders for Q2 2026 was $1.97 million, up from a loss of $1.80 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.02, compared to $(0.02) in Q2 2025.
- Total revenue for the six months ended March 28, 2026, was $1.31 billion, up from $1.04 billion in the prior year period.
- Net income attributable to common stockholders for the six months was $4.57 million, compared to a loss of $4.98 million in the prior year period.
- Cash and cash equivalents increased to $2.01 billion as of March 28, 2026, from $1.24 billion as of September 27, 2025.
- Net cash provided by operating activities for the six months ended March 28, 2026, was $452.88 million.
- Proceeds from issuance of Class A common stock in an equity offering amounted to $424.31 million.
Price Impact
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