Warehouse robotics maker Symbotic's Q4 revenue beats estimates
Overview
Symbotic fiscal Q4 revenue rose to $618 mln, beating analyst expectations
Company reported a net loss of $19 mln for fiscal Q4, compared to a profit last year
Cash and cash equivalents increased by $467 mln from the prior quarter
Outlook
Symbotic expects Q1 fiscal 2026 revenue of $610 mln to $630 mln
Company forecasts Q1 fiscal 2026 adjusted EBITDA of $49 mln to $53 mln
Result Drivers
REVENUE GROWTH - Revenue exceeded expectations, per CFO Izzy Martins
NEW CUSTOMER - Entry into healthcare vertical with Medline as a new customer, broadening opportunities, per CEO Rick Cohen
MARGIN EXPANSION - Achieved strong gross margin expansion in Q4, contributing to financial performance, per CFO Izzy Martins
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $618.46 mln | $606.30 mln (16 Analysts) |
Q4 Net Income |
| -$19.15 mln |
|
Q4 Gross Profit |
| $127.12 mln |
|
Q4 Operating Expenses |
| $148.88 mln |
|
Q4 Operating Income |
| -$21.76 mln |
|
Q4 Pretax Profit |
| -$13.69 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Symbotic Inc is $53.00, about 1.2% below its November 21 closing price of $53.64
Press Release: ID:nGNX1YkbFC
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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