Symbotic (SYM) investor relations material

Executive summary

• Revenue grew 29% year-over-year in Q1 FY2026 to $630 million, with net income of $13.36 million, reversing a prior year loss and driven by growth in systems deployments and new contracts.

• Adjusted EBITDA reached $67 million, up from $18 million in the prior year, with double-digit EBITDA margin achieved for the first time.

• Operational execution, product innovation, and financial discipline contributed to improved profitability and margin expansion.

• Closed acquisitions of Fox Robotics and Walmart's ASR business, expanding automation capabilities and product offerings.

• Blue-chip customer base with long-term contracts and a $22.3 billion contracted backlog.

Financial highlights

• Q1 FY2026 revenue: $630 million, up from $618 million in Q4 and $487 million in Q1 FY2025.

• Net income: $13.36 million (GAAP), compared to a $17 million loss in Q1 FY2025.

• Adjusted EBITDA: $67 million, up from $18 million in Q1 FY2025.

• Gross profit: $133.42 million, with gross margin improving to 21.2% from 16.6% year-over-year.

• Cash and equivalents: $1.8 billion at quarter end, aided by a $424 million follow-on offering.

Outlook and guidance

• Q2 FY2026 revenue expected between $650 million and $670 million; Adjusted EBITDA between $70 million and $75 million.

• Backlog stood at $22.3 billion, with the majority from Walmart and Exol contracts.

• Free cash flow expected to track Q1 levels, with improvements as EBITDA grows.

• Approximately 13% of remaining performance obligations to be recognized as revenue in the next 12 months, 62% in the following 13 to 60 months.

• Management expects current liquidity and cash flows to be sufficient for at least the next 12 months.