SymboticSYM

Revenue reached $721 million for the quarter, a 22 percent increase from a year ago. The company also turned a $55 million profit, a significant swing from the $21 million loss it reported in the same period last year. Adjusted EBITDA, a measure of cash profit that strips out certain accounting costs, more than doubled to $95 million.

While the 9 cents in earnings per share was lower than the 13 cents analysts expected, the underlying business is showing better efficiency. The company ended the quarter with $1.7 billion in cash. For long-term owners, the focus remains on how quickly the company can turn its massive backlog of signed contracts into active, revenue-generating warehouse systems.

See the full quarter, and how our tracked metrics did

Source: 8-K filing

SEC filing on 2026-08-05: 8-K, 8-K filing: reported results; executive or director change; Regulation FD disclosure.

Source: 8-K filing

Key highlights

• Profitability more than doubled: Adjusted EBITDA, which is a measure of profit that excludes certain non-cash costs, rose to $95 million this quarter from $45 million a year ago. This suggests the company is becoming much more efficient as it scales its robotic warehouse technology.
• Deployment activity ramping up: The company now has 77 systems in the process of being installed for customers, which is more than double the 35 systems it was working on at the start of the year. This steady increase in active projects is the primary engine for future revenue growth as these systems become operational.
• Cash reserves decreasing: Total cash and cash equivalents fell to $1.7 billion, a $300 million drop from the $2.0 billion held at the end of the previous quarter. This reflects higher spending on strategic investments and operations as the company moves more robotic systems into the field.
• Software income growing: Revenue from software maintenance and support grew 57% over the last year to reach $12.7 million. While still a small part of the $721 million in total revenue, this high-margin recurring income is vital for the company's long-term profit goals.
• Future outlook remains steady: Management expects next quarter revenue to be between $760 million and $780 million, while adjusted EBITDA profit is projected to reach $100 million to $105 million. Reaching these targets would mean the company is successfully growing its top line while continuing to expand its profit margins.

Our take: This was a strong quarter marked by a massive jump in profitability. While earnings per share came in lower than expected, the underlying business is healthy with 77 systems now being deployed. The steady climb in software revenue and higher profit margins confirm that the company's growth plan is firmly on track.