Robotics firm Symbotic beats Q1 revenue estimates

Symbotic

04/02/2026 21:08

Overview

AI robotics firm's fiscal Q1 revenue rose 29% yr/yr, beating analyst expectations

Adjusted EBITDA for fiscal Q1 rose significantly to $67 mln

Company's net income reached $13 mln, compared to a net loss last year

Outlook

Symbotic expects Q2 fiscal 2026 revenue of $650 mln to $670 mln

Company anticipates Q2 fiscal 2026 adjusted EBITDA of $70 mln to $75 mln

Symbotic sees solid growth profile supported by rising deployments

Result Drivers

OPERATIONAL EXECUTION - CEO Rick Cohen attributed strong start to fiscal year to effective operational execution and product innovation

STRONGER MARGINS - CFO Izzy Martins noted profitability exceeded expectations due to stronger margins

CASH INCREASE - Cash and cash equivalents rose by $574 mln, including $424 mln from a follow-on offering

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$629.99 mln
$623.11 mln (18 Analysts)
Q1 Net Income
$13.36 mln
Q1 Gross Profit
$133.42 mln
Q1 Operating Expenses
$126.90 mln
Q1 Operating Income
$6.53 mln
Q1 Pretax Profit
$19.77 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 11 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Symbotic Inc is $63.00, about 12.3% above its February 3 closing price of $56.12

The stock recently traded at 75 times the next 12-month earnings vs. a P/E of 130 three months ago

Press Release: ID:nGNX6HXH5N

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)