Quarterly ResultMay 6, 2026, 04:10 PM
Symbotic Q2 Revenue $676M, Net Income $9M; Q3 Outlook Strong
AI Summary
Symbotic Inc. reported strong financial results for its second fiscal quarter ended March 28, 2026, with revenue increasing 23% year-over-year to $676 million and net income reaching $9 million, a significant improvement from a net loss in the prior year. Adjusted EBITDA more than doubled to $78 million. The company also provided a positive outlook for the third quarter of fiscal 2026, projecting revenue between $700 million and $720 million and adjusted EBITDA of $80 million to $85 million.
Key Highlights
- Q2 FY26 Revenue increased 23% year-over-year to $676 million.
- Q2 FY26 Net income was $9 million, compared to a $10 million net loss in Q2 FY25.
- Q2 FY26 Adjusted EBITDA more than doubled to $78 million from $35 million YoY.
- Cash and cash equivalents totaled $2.0 billion at the end of Q2 FY26.
- Total systems in deployment rose to 70, with 52 operational systems.
- Q3 FY26 revenue guidance is projected between $700 million and $720 million.
- Q3 FY26 adjusted EBITDA guidance is expected to be $80 million to $85 million.
Price Impact
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