Symbotic (NASDAQ:SYM) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Symbotic (NASDAQ:SYM) posted its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04), FiscalAI reports. Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The firm had revenue of $720.84 million for the quarter, compared to analysts’ expectations of $715.03 million. During the same quarter in the prior year, the business earned ($0.05) EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis.

Here are the key takeaways from Symbotic’s conference call:

• Strong third-quarter performance: Revenue rose 22% year over year to $721 million, GAAP net income reached $55 million, and adjusted EBITDA more than doubled to $95 million. Fourth-quarter guidance calls for revenue of $760 million–$780 million and adjusted EBITDA of $100 million–$105 million.
• Symbotic started 11 new deployments during the quarter, bringing total deployments to 77 and operational systems to 56. The company’s backlog remained substantial at $22.5 billion, while software and operations-services revenue grew 57% and 49%, respectively.
• Product expansion is broadening the opportunity set, with BreakPack deployed at half of Walmart’s regional distribution centers, the first next-generation SymMicro system being installed at a Walmart store, and growing interest in perishables, dock automation, and warehouse-optimization software.
• The Walmart SymMicro opportunity appears farther out than some investors may have expected: management said the first new-version prototype will take roughly six months, with the 400-store order likely not occurring until early 2028. The next-generation storage structure’s major revenue and margin impact is expected mainly in the second half of fiscal 2027.
• Management expects fourth-quarter EBITDA margins to be broadly stable as gross margins normalize from the unusually strong third quarter and operating expenses rise modestly. Third-quarter cash declined to $1.7 billion due to project-related timing, although management expects positive fourth-quarter free cash flow.

Symbotic Stock Down 2.0%

Shares of Symbotic stock traded down $0.94 on Wednesday, hitting $46.52. 2,007,595 shares of the company traded hands, compared to its average volume of 1,449,456. Symbotic has a 12-month low of $38.19 and a 12-month high of $87.88. The company has a 50-day moving average price of $43.02 and a 200 day moving average price of $50.90. The company has a market cap of $28.04 billion, a PE ratio of -930.21, a PEG ratio of 7.00 and a beta of 1.94.

Insiders Place Their Bets

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $45.27, for a total transaction of $90,540.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Kane sold 2,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $43.21, for a total transaction of $86,420.00. Following the completion of the transaction, the director owned 89,852 shares in the company, valued at $3,882,504.92. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 143,433 shares of company stock worth $6,627,326 in the last 90 days. 8.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its holdings in shares of Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Quarry LP acquired a new position in shares of Symbotic during the fourth quarter valued at $36,000. Parallel Advisors LLC boosted its stake in shares of Symbotic by 67.3% in the 4th quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 249 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Symbotic by 81.5% in the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock valued at $50,000 after acquiring an additional 573 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of Symbotic in the 3rd quarter worth $76,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, May 26th. Zacks Research downgraded Symbotic from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. DA Davidson reissued a “buy” rating and set a $70.00 target price on shares of Symbotic in a research note on Monday, May 11th. Finally, Weiss Ratings cut Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Symbotic has an average rating of “Hold” and a consensus target price of $66.50.

Trending Headlines about Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported third-quarter fiscal 2026 revenue of approximately $721 million, up 22% year over year and ahead of the $715 million analyst consensus. Net income was $55 million, compared with a $21 million loss in the year-ago quarter. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, a range that brackets the $770.7 million consensus estimate and signals continued demand for the company’s warehouse-automation systems.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca was elected to Symbotic’s board, potentially adding financial and strategic expertise as the company expands its artificial-intelligence-enabled robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Coverage of Symbotic’s use of AI coding agents highlights the company’s efforts to manage software-development costs as AI usage increases, but provides limited new information about near-term financial results. AI coding agents are blowing through budgets
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. Although revenue exceeded expectations, the earnings shortfall likely drove the negative market reaction and renewed concerns about profitability. Symbotic earnings release
• Negative Sentiment: Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The sales were relatively small and scheduled in advance, limiting their signaling value, but they may still weigh modestly on sentiment.

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.