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; margins expanded and GAAP profitability was sustained.

• Progressed on strategic objectives, including broadening customer opportunities, expanding deployments to 77 sites (56 operational), and investing in innovation and technology acquisitions.

• Maintained deep relationships with blue-chip customers, notably Walmart and Exol, and signed new agreements, supporting a $22.5 billion contracted backlog.

• Business model centers on long-term contracts and recurring high-margin software and service revenue, with a focus on scalable, modular automation solutions.

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

Financial highlights

• Q3 FY2026 revenue reached $721 million, up from $618 million in Q3 FY2025; nine-month revenue was $2.03 billion, up from $1.63 billion.

• Adjusted EBITDA was $95 million for Q3 FY2026, more than double the prior year; adjusted EBITDA for the nine months was $239.9 million.

• Gross margin improved to 22% for the quarter and 25% on an adjusted basis; gross profit for Q3 was $161 million.

• Cash and cash equivalents ended at $1.7 billion, down from $2 billion last quarter; free cash flow for the nine months was $242.8 million.

• Systems revenue was $671 million, software $13 million, and operation services $37 million for Q3 FY2026.

Outlook and guidance

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

• Full-year adjusted EBITDA forecasted to more than double last fiscal year, with margin improvement expected in the second half of next year.

• Approximately 15% of backlog expected to be recognized as revenue in the next 12 months, with 62% over the following 13 to 60 months.

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