Symbotic Reports Second Quarter Fiscal Year 2026 Results
Symbotic announced its financial outcomes for the second quarter of the fiscal year 2026, revealing a 23% increase in revenue compared to the previous year. The company posted a net income of $9 million and adjusted EBITDA of $78 million, which is over double the amount from the same period last year. These results indicate strong growth and operational efficiency improvements.
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Wilmington, Massachusetts, Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second quarter of fiscal year 2026, which ended on March 28, 2026. Symbotic reported revenue of $676 million, up 23% year-over-year, and net income of $9 million, compared with a net loss of $10 million in the second quarter of fiscal year 2025. Adjusted EBITDA1 reached $78 million, more than double the $35 million in the second quarter of fiscal year 2025.
Cash and cash equivalents totaled $2.0 billion at the end of the second quarter of fiscal year 2026, up from $1.8 billion at the end of the first quarter of fiscal year 2026.
"We again demonstrated strong execution against our key objectives," said Rick Cohen, Symbotic Chairman and Chief Executive Officer. "Our momentum continues to build as customers across several verticals are now realizing tangible value from our end-to-end automation systems."
"We delivered another quarter of growth and margin expansion as our total number of systems in deployment rose to 70," said Izzy Martins, Symbotic Chief Financial Officer. "Looking ahead, we continue to see a solid growth trajectory supported by rising deployments, along with enhanced profitability."
OUTLOOK
For the third quarter of fiscal 2026, Symbotic expects revenue of $700 million to $720 million, and adjusted EBITDA2 of $80 million to $85 million.
WEBCAST INFORMATION
Symbotic will host a webcast today at 5:00 pm ET to discuss its second quarter fiscal year 2026 results. The webcast link is: https://edge.media-server.com/mmc/go/symbotic-q2-2026/.
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1 Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) is a non-GAAP financial measure as defined below under "Use of Non-GAAP Financial Information." See the tables below for reconciliations to net income (loss), the most comparable GAAP measure.
2 Symbotic is not providing guidance for net income (loss), which is the most comparable GAAP financial measure to adjusted EBITDA, because information reconciling forward-looking adjusted EBITDA to net income (loss) is unavailable to it without unreasonable effort. Symbotic is not able to provide reconciliations of adjusted EBITDA to GAAP financial measures because certain items required for such reconciliations are outside of Symbotic's control and/or cannot be reasonably predicted, such as the provision for stock-based compensation.
About Symbotic
Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, food & beverage, and medical supply distribution companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com.
Media contact
Charlie Anderson, Vice President, Investor Relations & Corporate Development, ir@symbotic.com
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