SYM earnings analysis
What we found in SYM's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Symbotic reported strong growth in Q2 FY 2026 with revenue of $676.5 million, a 23% year-over-year increase, outperforming estimates. The company achieved diluted EPS of $0.01 and an impressive free cash flow of $218 million, indicating improved operational efficiency compared to the prior quarter. Management anticipates Q3 revenue between $700 million and $720 million, reflecting continued momentum in demand.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Q2 revenue reached $676.5 million, up 23% year-over-year from $549.7 million.
- Improved EPS
- Diluted EPS at $0.01, a significant improvement from a loss of $0.04 in the prior year.
- Free Cash Flow Surge
- Free cash flow grew to $218 million, up from $249 million in the prior quarter.
- Robust Systems Deployment
- 70 Systems in Deployment in Q2 2026 compared to 46 in Q2 2025, driving revenue growth.
- Guidance Increase
- Management expects Q3 revenue of $700 million to $720 million.
- Healthy Gross Profit Margin
- Gross profit margin increased to 22.2% from 20.2% in Q2 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Major Client Dependency
- A significant portion of revenue is derived from key clients like Walmart, creating a risk if demand from these clients fluctuates.
- Legal Proceedings
- Ongoing securities class actions could impose financial liabilities; potential future legal costs remain uncertain.
- Material Weakness in Controls
- Existing material weakness in internal controls over revenue recognition may impact financial reporting.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.01
- Gross margin
- 22.2%
- Operating margin
- 0.9%
- Segment
- Systems: $634.5M
- Segment
- Software Maintenance and Support: $12.9M
- Segment
- Operation Services: $29.1M
What they said about what is next.
Management anticipates Q3 revenue between $700 million and $720 million.
The filing reads better than the one before it.
What came before.
- 10-Q · February 4, 2026
- Symbotic (SYM) delivered a stronger Q1 (period ended December 27, 2025) with revenue of $629.985M (up $11.985M vs prior quarter and up $142.292M YoY), expanded gross margin to 21.2%, and returned to operating…
- 10-K · November 24, 2025
- Symbotic Inc. has positioned itself as a leading provider of automation systems designed to optimize supply chain operations, particularly in warehouses. With a significant backlog of $22.5 billion and major contracts…
- 10-Q · February 5, 2025
- Symbotic reported quarterly revenue of $486,693,000 (up $126,750,000 vs prior-year quarter) with gross profit of $80,039,000, an operating loss of $24,629,000 and GAAP net loss of $18,520,000. Liquidity strengthened…
- 10-K · December 4, 2024
- Symbotic positions itself as a comprehensive, end-to-end warehouse automation provider with a differentiated A.I.-enabled system (Symbots up to 25 mph, claimed 99.9999% accuracy) and a large contracted backlog of…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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