Robotics tech firm Symbotic beats Q2 revenue estimates

Symbotic

06/05/2026 21:14

Overview

A.I.-enabled robotics provider's fiscal Q2 revenue grew 23% yr/yr, beating analyst expectations

Net income for fiscal Q2 improved to $9 mln from a loss last year

Company attributed growth to rising deployments and margin expansion

Outlook

Symbotic expects Q3 revenue between $700 mln and $720 mln

Company sees Q3 adjusted EBITDA of $80 mln to $85 mln

Symbotic says growth trajectory supported by rising deployments and enhanced profitability

Result Drivers

SYSTEM DEPLOYMENTS - Co said growth was driven by a rising number of automation systems in deployment

CUSTOMER ADOPTION - Co cited momentum as customers in several sectors realize value from its automation systems

MARGIN EXPANSION - Co said profitability improved alongside revenue growth

Company press release: ID:nGNX7YnWzJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$676.48 mln
$663.56 mln (18 Analysts)
Q2 Net Income
$9.43 mln
Q2 Gross Profit
$149.95 mln
Q2 Operating Expenses
$143.86 mln
Q2 Operating Income
$6.09 mln
Q2 Pretax Profit
$16.95 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "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 $66.89, about 15.2% above its May 5 closing price of $58.08

The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 74 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)