Quarterly ResultMay 6, 2026, 04:03 PM
Symbotic Q2 Revenue $676M, +23% YoY; Net Income $9M
AI Summary
Symbotic Inc. announced strong financial results for its second quarter of fiscal year 2026, reporting revenue of $676 million, a 23% increase year-over-year. The company achieved a net income of $9 million, a significant improvement from a net loss of $10 million in the prior year's second quarter. Adjusted EBITDA more than doubled to $78 million, and cash and cash equivalents grew to $2.0 billion. Symbotic also provided a positive outlook for the third quarter of fiscal 2026, anticipating continued growth and enhanced profitability.
Key Highlights
- Revenue reached $676 million, a 23% increase year-over-year.
- Net income was $9 million, compared to a net loss of $10 million in Q2 FY2025.
- Adjusted EBITDA more than doubled to $78 million from $35 million in Q2 FY2025.
- Cash and cash equivalents totaled $2.0 billion at the end of the quarter.
- Total systems in deployment rose to 70.
- Q3 FY2026 revenue is expected to be $700 million to $720 million.
- Q3 FY2026 adjusted EBITDA is projected at $80 million to $85 million.