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.

C3.ai

Alphabet

Are these the best AI stocks to watch now?

3 Top AI Stocks To Watch In The Stock Market Today

First Solar

IonQ

Li Auto Inc.

Uber

Upstart Holdings

Any investor wanting outsized returns should look at growth stocks. While value stocks are perfectly fine for a long-term portfolio, growth stocks are the ticket for investors with a shorter time horizon and looking for dynamic returns.

7 Great Growth Stocks Smart Investors Should Be Grabbing Up Now

Super Micro Computer

Taiwan Semiconductor Manufacturing

Nvidia (NASDAQ: NVDA ) shares took many investors by surprise in 2023. Shares have more than tripled year to date and currently carry a 232 P/E ratio.

Find the Next Nvidia: 3 Must-Watch AI Stocks

Symbotic recently signed a contract to sell automation systems worth $7.5 billion. The company's revenue is already hitting record highs.

Why Automation Stock Symbotic Surged 48% in July

Snap

The glitz and glam of the AI revolution have investors rushing to stake their claim in a potential trillion-dollar industry in the near future. However, the sobering thought of AI stocks to sell might give pause to the zealous.

3 AI Stocks to Sell in August Before They Crash and Burn

Symbotic Inc. ( SYM , Financial) is an American company that specializes in automation technology used in supply chain operations. The company uses artificial intelligence and robotics to create a system that can store, move and sort goods with high speed, accuracy and efficiency.

Symbotic Has No Margin of Safety

Despite being a $30 billion company, Symbotic Inc NASDAQ: SYM isn't one of the more well-known stocks out there. That's been changing, though, helped by the fact that in recent weeks they've consistently been among the best-performing equities.

3 Reasons Symbotic Should Be On Your August Watchlist

The warehouse-robotics specialist posted its third quarter of fiscal 2023 results. While these were mixed, investors didn't seem to mind at all.

Why Symbiotic Stock Rocketed Over 50% Higher Today

Why Symbotic Stock Rocketed Over 50% Higher Today

Symbotic Inc. (NASDAQ:SYM ) Q3 2023 Earnings Conference Call July 31, 2023 8:00 AM ET Company Participants Jeff Evanson - VP, IR Richard B. Cohen - Chairman and CEO Tom Ernst - CFO Conference Call Participants Andrew Kaplowitz - Citigroup Matt Summerville - D.A.

Symbotic Inc. (SYM) Q3 2023 Earnings Call Transcript

SoFi Technologies

The Nasdaq inched higher yet again on Monday morning. SoFi Technologies saw its stock react favorably to its latest quarterly financial report.

These 2 Nasdaq Stocks Started the Week Off Right

Achieved Record Revenue and Operating Margin Cash, Cash Equivalents, Restricted Cash and Marketable Securities Reach $513 Million GreenBox Joint Venture Doubles Addressable Market & Increases Order Backlog To $23 Billion WILMINGTON, Mass., July 31, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.

Symbotic Reports Third Quarter Fiscal Year 2023 Results

Symbiotic (SYM) is likely to witness a year-over-year increase in earnings and revenues in the third quarter of 2023.

Symbiotic (SYM) to Report Q3 Earnings: What's in the Offing?

Baidu

Datadog

HubSpot

iCAD

XPeng

Remember The Game of Thrones? If I had to describe investing in stocks in only four words, it would be “The Game of Trends.

If You Can Only Buy One Tech Stock, It Better Be One of These 7 Names

WILMINGTON, Mass., July 25, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release its third quarter fiscal 2023 financial results before the market open on Monday, July 31, 2023. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 8:00 a.m. ET on the same date.

Symbotic Announces Date for Reporting Third Quarter Fiscal 2023 Financial Results

SoftBank Group Corp

Two companies are teaming up to revolutionize the supply-chain world through artificial intelligence (AI). Specifically, SoftBank (OTCMKTS: SFTBY ) just announced today that it has joined forces with warehouse automation leader Symbotic  (NASDAQ: SYM ) to launch GreenBox Systems, a joint venture designed to bring automation to the struggling supply-chain industry.

SoftBank Is Upping Its Bet on AI Play Symbotic (SYM) Stock

When it comes to retail, it's Amazon versus the world. That's been true for a long time and will continue to be so for the foreseeable future.

SoftBank and Symbotic team to offer automated warehouses as a service

TOKYO & WILMINGTON, Mass.--(BUSINESS WIRE)--SoftBank Group Corp. (TSE: 9984, “SoftBank”) and Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-powered automation technology for the supply chain, today announced the establishment of GreenBox Systems LLC (“GreenBox”), a new joint venture to address the more than $5001 billion annual warehouse-as-a-service market opportunity. Concurrently, Symbotic also announced an approximately $7.5 billion new customer contract with GreenBox, who will be the exclus.

SoftBank Group and Symbotic Establish New Warehouse-as-a-Service Joint Venture To Transform Supply Chain Services Through Automation and A.I.

ASML Hld

Zscaler

With Q3 of 2023 in full swing, many tech companies have laid off employees due to the poor economy and demand. Q3 is shaping up to be the same as companies like Binance, Niantic, and even Amazon (NASDAQ: AMZN ) continue to cut thousands of jobs.

3 AI Stocks That Are Screaming Buys Right Now: July 2023

CrowdStrike

Intuitive Surgical

Medtronic

Micron Technology

NVIDIA

Palo Alto Networks

Advancement in AI has helped give tech stocks their best-performing first half of the year since 1983. Big-tech executives continue to remain bullish over the ongoing demand for AI. Wall Street analysts are now touting tech stocks in different market segments.

Tech Bulls Continue Their Rally For These AI Stock Picks

Even in a promising sector like AI, some stocks can get ahead of themselves. Some AI stocks might not yet generate the financial results needed to justify their hype.

3 AI Stocks to Avoid Right Now

Every market turn, such as the one investors encounter today, brings to light a set of favorite industries with their own set of perceived 'winning' stocks. The larger the underlying pivot, the more aggressive the adjustments needed to take advantage of the new breakouts in underlying financial assets.

Analysts Are Recommending Symbiotic In July, High Potential?

Schrodinger 

Goldman Sachs recently asserted “that AI adoption could boost productivity growth by 1.5 percentage points per year over a 10-year period.” The venerable firm's estimate shows how tremendously valuable the technology can be to many companies.

Why These 3 Stocks Are the Best Ways to Play AI Right Now

Symbotic is experiencing rapid growth on the back of deployment within Walmart's distribution centers. Adoption outside large customers is currently weak though. The company's revenue comes from the sale of long-lived assets, and once market saturation is reached, Symbotic will be dependent on recurring revenue, upgrades, and system replacements. Symbotic's poor margins, low recurring revenues, and customer concentration create significant downside risk.

Symbotic: A Bubble Waiting To Burst

Symbotic is a technology company that specializes in automated warehouse systems, such as mobile robots and robotic arms. The company has massive expansion opportunities in the large and rapidly-growing supply chain automation market. It is growing revenue exponentially, but profitability and customer concentration remain notable concerns.

News for Symbotic Inc Stock (SYM)