Symbotic reported second quarter revenue of $676 million, a 23% year-over-year increase that beat consensus estimates of $660.6 million. The company achieved net income of $9 million, a significant improvement from a net loss of $10 million in the prior-year period, though diluted earnings per share of $0.01 missed expectations of $0.11.
Key Highlights
- Adjusted EBITDA more than doubled to $78 million, up from $35 million in the second quarter of fiscal 2025, reflecting improved operating leverage.
- The total number of systems in deployment rose to 70, demonstrating continued progress in executing on its backlog.
- Systems revenue grew to $634.5 million for the quarter, underscoring the pace of warehouse automation deployments.
- Symbotic guided for third-quarter revenue between $700 million and $720 million, with adjusted EBITDA of $80 million to $85 million.