Symbotic (SYM) investor relations material

Executive summary

• Achieved strong Q3 FY2026 results with 22% year-over-year revenue growth to $721 million, net income of $55 million, and adjusted EBITDA more than doubling to $95 million; 77 systems deployed and 56 operational, supporting continued profitable growth.

• Significant $22.5 billion backlog, primarily from Walmart and Exol agreements, underpins future revenue visibility and growth.

• Made strategic acquisitions, including Fox Robotics and ARMS Innovations, and completed Walmart's Advanced Systems & Robotics business acquisition.

• Appointed Steve Pagliuca, former Bain Capital Co-Chair, to the Board to support M&A and growth strategy.

• AI-powered, modular automation platform addresses labor pressures, omni-channel strategies, and SKU proliferation, with deep blue-chip customer relationships.

Financial highlights

• Q3 FY2026 revenue reached $721 million, up from $592.1 million year-over-year; adjusted EBITDA was $95 million, more than double the prior year; gross profit was $161 million, with adjusted gross profit margin improving to 25%.

• Net income for the quarter was $55 million, compared to a net loss of $21 million in Q3 FY2025.

• Cash and cash equivalents at quarter-end were $1.7 billion, down from $2 billion, with free cash flow for the nine months at $242.8 million.

• Backlog stood at $22.5 billion, with 15% expected to be realized over the next 12 months.

• Gross margin expanded both sequentially and year-over-year, driven by project execution, cost discipline, and revenue mix.

Outlook and guidance

• Q4 FY2026 revenue expected between $760 million and $780 million; adjusted EBITDA between $100 million and $105 million.

• Revenue growth expected to accelerate in FY27, with inflection from next-gen storage structure in the second half of next year.

• Positive free cash flow expected in Q4, with annual free cash flow projected to be positive.

• Management expects current cash, working capital, and forecasted cash flows to be sufficient for at least the next 12 months.

• Recurring revenue base from software, parts, and services expected to build over time.