Symbotic Q3 revenue rises 22%, slightly beats estimates

Symbotic

05/08/2026 21:18

Overview
U.S. robotics tech firm's fiscal Q3 revenue up 22% yr/yr, slightly beating analyst expectations
Net income turned positive at $55 mln from a year-ago loss
Adjusted EBITDA more than doubled yr/yr to $95 mln

Outlook
Symbotic expects Q4 revenue between $760 mln and $780 mln
Company sees Q4 adjusted EBITDA of $100 mln to $105 mln

Result Drivers
CUSTOMER OPPORTUNITIES - Co said it is seeing increasing opportunities to broaden scope of work with existing and prospective customers
KEY OBJECTIVES - Co said it is well on track to deliver against its key objectives for the fiscal year, per CEO Rick Cohen

Company press release: ID:nGNX9Tsqmn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$720.84 mln
$715.14 mln (17 Analysts)
Q3 Net Income
 
$55 mln
 
Q3 Gross Profit
 
$160.91 mln
 
Q3 Operating Expenses
 
$128.02 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "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 $70.00, about 47.5% above its August 4 closing price of $47.46
The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 71 three months ago

Reuters Recommended Reads
Aug 4 - Rockwell Automation raises 2026 profit forecast on strong industrial demand
Aug 4 - Zebra Technologies raises annual forecast on strong demand for automation products 
Aug 4 - GXO Logistics Q2 adjusted EBITDA beats analyst estimates

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.)