Symbotic (NASDAQ:SYM) Announces Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Symbotic (NASDAQ:SYM) announced its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11), Zacks reports. Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.79%. The company had revenue of $676.48 million during the quarter, compared to analysts’ expectations of $662.66 million. During the same period last year, the firm earned ($0.04) earnings per share. Symbotic’s revenue was up 23.1% on a year-over-year basis.

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

• Symbotic beat Q2 expectations with $676M revenue, $9M GAAP net income and $78M adjusted EBITDA, exited the quarter with > $2B cash, no debt and $22.7B backlog.
• Customer momentum increased — 14 new system starts in the quarter (70 systems in deployment), AWG deployment began and the Exal Atlanta site ramped operationally in under 10 months, supporting recurring systems revenue growth.
• Product and tech progress accelerating — on track to install SymMicro e‑commerce prototypes this year, rolling out Nyobolt batteries and larger SymBots, advancing APD prototypes and demonstrating bot operation in freezer/perishable conditions.
• Margins and profitability strengthened — gross margin expanded sequentially and YoY, adjusted EBITDA more than doubled YoY, and management reiterated a path toward longer‑term systems margins of 30%+.
• Near‑term timing and mix risks — system revenue per deployment is declining due to a growing mix of smaller systems (e.g., BreakPak) and system completions remain lumpy (only one operational in Q2), which could cause volatility in quarter‑to‑quarter revenue recognition despite a large backlog.

Symbotic Stock Performance

NASDAQ:SYM traded down $3.46 during mid-day trading on Friday, hitting $52.97. 245,187 shares of the company’s stock traded hands, compared to its average volume of 1,656,348. The company has a market cap of $31.90 billion, a PE ratio of -1,070.57, a price-to-earnings-growth ratio of 6.13 and a beta of 2.03. The firm’s 50 day simple moving average is $54.84 and its 200 day simple moving average is $60.63. Symbotic has a 1 year low of $23.59 and a 1 year high of $87.88.

Insider Buying and Selling

In related news, CTO James Kuffner sold 19,729 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $59.82, for a total value of $1,180,188.78. Following the sale, the chief technology officer owned 179,255 shares of the company’s stock, valued at approximately $10,723,034.10. This represents a 9.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $57.61, for a total value of $115,220.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 157,581 shares of company stock valued at $9,113,457. 8.16% of the stock is owned by company insiders.

Institutional Trading of Symbotic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYM. Federation des caisses Desjardins du Quebec lifted its holdings in Symbotic by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,493 shares of the company’s stock valued at $267,000 after purchasing an additional 224 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Symbotic by 2.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,375 shares of the company’s stock valued at $677,000 after buying an additional 236 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Symbotic by 67.3% in the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 249 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Symbotic by 4.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,753 shares of the company’s stock valued at $342,000 after buying an additional 266 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock valued at $32,000 after buying an additional 268 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SYM shares. Barclays lifted their target price on Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Monday, March 16th. Citigroup reiterated an “outperform” rating on shares of Symbotic in a research note on Thursday, February 5th. Northland Securities set a $73.00 price target on Symbotic in a research note on Thursday, February 5th. Needham & Company LLC boosted their price objective on shares of Symbotic from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $50.00 price objective on shares of Symbotic in a research report on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $65.62.

About Symbotic

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.