Quarterly ResultAug 5, 2026, 04:29 PM
Symbotic Q3 Revenue $720.8M, Net Income $11.7M; EPS $0.09
AI Summary
Symbotic Inc. reported strong financial results for the third quarter ended June 27, 2026, with total revenue increasing to $720.8 million and a significant turnaround to a net income of $11.7 million, or $0.09 diluted EPS, compared to a net loss in the prior year. For the nine months, the company also achieved positive net income and substantial growth in cash and stockholders' equity, partly driven by a recent equity offering. The company also noted a change in accounting principle for stock-based compensation and a revision to prior cash flow statements.
Key Highlights
- Total revenue for Q3 2026 increased to $720.8 million from $592.1 million in Q3 2025.
- Net income attributable to common stockholders for Q3 2026 was $11.7 million, up from a $3.9 million net loss in Q3 2025.
- Diluted EPS for Q3 2026 was $0.09, compared to $(0.04) in Q3 2025.
- Total revenue for the nine months ended June 27, 2026, reached $2.03 billion, up from $1.63 billion.
- Net cash provided by operating activities for the nine months increased to $305.6 million.
- Cash and cash equivalents grew to $1.75 billion as of June 27, 2026.
- Total stockholders' equity significantly increased to $708.8 million from $220.2 million.
- Issued $424.3 million in common stock from an equity offering during the nine-month period.
Price Impact
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