Symbotic Inc

Symbotic, Inc. operates as an automation technology company, which engages in a robotics and automation-based product movement technology platform. It focuses on rebuilding the traditional warehouse, powered by a fleet of autonomous robots with artificial intelligence enabled software, to create a first of its kind physical structure that can power a customer’s entire supply chain technology platform. The company was founded by Richard B. Cohen on December 11, 2020 and is headquartered in Wilmington, MA.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Symbotic Inc (SYM) reports triple-digit revenue growth and backlog expansion

Symbotic Inc (SYM) delivered robust Q1 results with triple-digit revenue growth and a significant contracted backlog. The company faces challenges in managing margins and deployment timelines but has opportunities in international expansion and operational efficiency. By focusing on scaling operations and increasing liquidity, Symbotic Inc aims to address a massive TAM and drive growth through outsourcing partnerships.

Symbotic Inc reports stellar Q2 earnings, eyes sustained growth

Symbotic Inc's Q2 2023 performance reflects robust revenue growth and operational advancements, supported by a strong financial position and strategic outlook.
While facing challenges in restructuring, revenue variability, and supply chain dynamics, the company is poised to leverage opportunities in margin expansion and customer growth.
By emphasizing innovation, efficiency, and profitability, Symbotic Inc aims to drive sustainable growth and technological leadership in the automation industry.

Symbotic Inc reports record Q3 results and eyes profitable growth

Symbotic Inc's Q3 2023 earnings call showcased robust financial performance, anticipating profitability in Q4 and strong revenue growth.
The company's strategic focus on partnerships, innovation, and supply chain stability positions it well for future growth and success.
Challenges lie in managing margins, optimizing GreenBox facilities, and meeting deployment demands while seizing growth opportunities.
Overall, Symbotic's performance, strengths, and opportunities indicate a promising trajectory in the automation and supply chain solutions market.

Symbotic Inc doubles revenue in Q4 2023, eyes international expansion

Symbotic Inc's strong Q4 2023 performance, backed by revenue growth, operational advancements, and strategic partnerships, sets a positive trajectory for future growth. The company's focus on innovation, scalability, and customer satisfaction positions it well to capitalize on market opportunities and drive profitability. While challenges exist in managing rapid expansion and operational transitions, Symbotic's strategic initiatives and financial outlook remain promising.

Symbotic Inc reports stellar Q1 performance, eyes growth opportunities

Symbotic Inc delivered strong financial and operational results in Q1 2024, driven by revenue growth, margin improvement, and operational efficiency, positioning the company for continued growth and success.
The company's focus on innovation with BreakPack and SymBot, alongside strategic customer acquisitions and deployment enhancements, underscores a commitment to market responsiveness and long-term sustainability.
While facing challenges in deployment pace and cost management, Symbotic Inc's solid financial position, customer-centric approach, and continuous improvement initiatives provide a strong foundation for future growth and profitability.
Opportunities in revenue diversification, market expansion, and operational enhancement present avenues for Symbotic Inc to capitalize on its strengths and navigate challenges, ensuring sustained success and value creation.

Symbotic Inc (SYM) reports stellar Q2 earnings, eyes innovation for growth

Symbotic Inc (SYM) delivered strong financial performance in Q2 2024, with revenue growth, improved operating leverage, and healthy cash reserves. The company's standardized SymBots drive operational efficiency, while innovations present opportunities for revenue growth. Challenges include managing lower-margin projects and adapting to evolving client needs.

Symbotic Inc reports record revenue growth, addresses margin challenges

Symbotic Inc's Q3 performance showcased robust revenue growth but faced challenges with system gross margin due to construction delays. The company is proactively addressing these issues, aiming for improved margins and enhanced deployment efficiency. With a focus on in-house construction management and GreenBox deployment progress, Symbotic is poised for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Symbotic, Inc. is an automation technology company, which engages in a robotics and automation-based product movement technology platform. It focuses on developing, commercializing, and deploying innovative, end-to-end technology solutions for supply chain operations. It operates through the United States and Canada geographical segments. The company was founded by Richard B. Cohen on December 11, 2020 and is headquartered in Wilmington, MA.

NVIDIA

UiPath

Artificial intelligence (AI) stocks have been among the best performers on the Nasdaq since the release of ChatGPT at the start of 2023. Despite the recent volatility caused by traders pricing in elevated interest rates for the long term, AI companies will likely continue to innovate and grow their revenues and profits.

3 AI Stocks That Will Make Early Investors Rich

CrowdStrike

Palantir Technologies

Symbotic's robots are automating retail supply chains. CrowdStrike is using machine learning to secure the cloud.

3 Artificial Intelligence (AI) Stocks to Buy Now and Hold for the Next Decade

Symbotic Inc. (SYM) closed the most recent trading day at $31.84, making no change from the previous trading session.

Symbotic Inc. (SYM) Flat As Market Sinks: What You Should Know

Cognex

Emerson Electric

Rockwell Automation

Zebra Technologies

KeyBanc Capital Markets initiated coverage of five industrial automation stocks, giving buy ratings to Emerson Electric and Symbotic.

Industrial Automation Stocks To Get Lift From Factory Reshoring

WILMINGTON, Mass., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Announces Tom Ernst's Retirement and Names Chief Financial Officer

Baidu

Taiwan Semiconductor Manufacturing

The launch of ChatGPT by OpenAI last year ushered in renewed investor enthusiasm for artificial intelligence (AI) stocks. Where other trends came and went, AI stocks endured.

3 Way Better AI Names Than NVDA Stock (and It's Not Even Close!)

C3.ai

Broadcom

Alphabet

Microsoft

AI stocks are controversial for multiple reasons. One of the most obvious factors is that AI poses a threat in many ways.

September's 7 Most Controversial AI Stocks: Buy or Bail?

AI is revolutionizing the global logistics industry and Symbotic is one of the leaders in this innovation. Warehouse automation alone could be a staggering $350 billion opportunity.

Got $1,000? This Innovative Artificial Intelligence (AI) and Robotics Growth Stock Could Double Your Money

Schrodinger 

SoundHound AI Inc

SoundHound AI continues to score wins in the auto and restaurant industries with its voice AI technology. Schrodinger is changing how drug discovery is done.

3 Artificial Intelligence (AI) Stocks That Could Soar More Than Nvidia, According to Wall Street

Symbiotic generates most of its revenue from Walmart. It's relying on a new joint venture with its other big backer, SoftBank, to diversify its top line away from Walmart.

3 Things About Symbiotic That Smart Investors Know

Symbotic generates most of its revenue from Walmart. It's relying on a new joint venture with its other big backer, SoftBank, to diversify its top line away from Walmart.

3 Things About Symbotic That Smart Investors Know

Symbotic aims to automate warehouses with AI-powered robots. SoundHound could benefit for the surging demand for voice recognition services.

Better AI Stock: Symbotic vs. SoundHound AI

Symbiotic's stock has skyrocketed since its SPAC-backed debut last year. More companies are adopting its AI-powered warehouse robots.

Where Will Symbiotic Stock Be in 1 Year?

Ambarella

Investors navigating the ever-evolving landscape of the robotics sector are at a crucial juncture. Despite robotics redefining technological boundaries, like any other emerging technology, it is imperative to think cautiously about robotics stocks to sell.

Beware! 3 Robotics Stocks Waving Massive Red Flags Right Now

Symbotic's share price has surged 428% year to date, making it the largest winner in the warehouse automation theme. The Symbotic platform differentiates itself from competitors, including its comprehensive, end-to-end platform of products and solutions, and AI-powered software allowing for autonomous movement. The company has a strong backlog of orders, totaling $23 billion, which is expected to be delivered over the next eight years.

Symbotic: Strong Fundamentals But Be Patient For Better Entry Point

Symbotic is bringing AI to the warehouse and already has several large customers. The company has a massive total addressable market.

This Artificial Intelligence (AI) Stock Has Risen Nearly as Much as Nvidia in 2023 -- and Wall Street Thinks It Can Soar Nearly 70% Higher

Symbotic Inc. is strategically positioning itself for sustained growth through a multifaceted approach. The company's fiscal third-quarter earnings report, released on July 31, solidified its ascend as a true winner in the supply chain automation sector. The integration of AI has accelerated progress in supply chain automation, and the industry outlook has turned favorable due to several other reasons.

Symbotic: More Gains Ahead Before A Valuation Reality Check

Many artificial intelligence stocks have outperformed the Nasdaq 100. While the popular index is up by over 40% year to date (YTD), many AI stocks have more than doubled.

3 AI Stocks with More Room to Run than Nvidia

Snap

In the sparkling realm of technological advancements, the allure of the artificial intelligence ( AI ) revolution has dazzled many investors' eyes. Dreams of building fortunes beckon as forecasts hint at a trillion-dollar AI industry on the horizon.

3 AI Stocks to Sell in September Before They Crash & Burn

Intuitive Surgical

Technological advancements have expanded our capabilities. These developments enable higher productivity, quicker access to information, and new solutions to long-standing problems.

3 Up-and-Coming Robotics Stocks to Put on Your Must-Buy List

During a Financial Times interview, Susan Collins, President of the Boston Federal Reserve, expressed surprise at the economy's resilience. She noted this resilience in light of a tight labor market and robust consumer spending.

3 Promising Robotics Stocks That Could Supercharge Your Portfolio

AppLovin Corp

Builders FirstSource

Cinemark Holdings

DraftKings

e.l.f. Beauty

Royal Caribbean Cruises

Wayfair

XPO Logistics

Signal Says These 9 Stocks Have Room to Run

ATS Corp

As the market retreats after a run-up fueled by artificial intelligence (AI) stocks, some analysts say the air is coming out of the AI bubble. But savvy investors know that AI has been around for a long time.

These 2 Stocks Help Put an Industrial Spin on AI

It uses artificial intelligence and robotics to transform warehouse logistics. One huge risk is the company's terrible margins.

Symbotic's AI-Enabled Robotics Could Revolutionize the Warehouse Industry

Symbotic aims to revolutionize warehouse operations through automation technology and has seen significant stock performance and valuation growth. Symbotic's AI-powered software and autonomous robots offer solutions to warehouse challenges such as labor costs, adaptability and SKU management. The company has experienced impressive revenue growth, surpassing $1 billion in the last twelve months, but profitability remains a concern.

News for Symbotic Inc Stock (SYM)