NASDAQ$SYM
Symbotic Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported strong financial and operational results, with revenue growth and positive adjusted EBITDA.
Symbotic Inc. announced its first fiscal quarter 2024 results, posting revenue of $369 million, a net loss of $13 million, and adjusted EBITDA of $14 million. Revenue grew nearly 80% compared to the same period a year ago. The company initiated five system deployments and completed three systems during the quarter.
- Revenue reached $369 million, marking nearly 80% growth compared to the same quarter last year.
- Net loss was $13 million for the quarter.
- Adjusted EBITDA was $14 million, representing the second quarter of positive adjusted EBITDA.
- Cash, cash equivalents, restricted cash and marketable securities increased by $129 million from the prior quarter, reaching $677 million.
Headline financials
Revenue & EPS history
Symbotic · Revenue · Quarterly
$368M
Revenue by segment
Symbotic · $392M total across 3 segments · Q4 2023
- Systems$380M+60.0%97.0%
- Operation services$9.55M+65.1%2.4%
- Software maintenance and support$2.14M+128.8%0.5%
Forward guidance
For the second quarter of fiscal 2024, Symbotic expects revenue of $400 million to $420 million, and adjusted EBITDA of $12 million to $15 million.
Tailwinds
- Revenue is expected to be between $400 million and $420 million.
- Adjusted EBITDA is expected to be between $12 million and $15 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+5.1%
Avg return
Earnings day
+7.8%
Avg return
5 days after
-1.6%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+40.0%
Q4 2023
Best reaction
-29.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.9% | -16.1% | -28.1% | |
| Q1 2026 | +0.6% | +17.3% | -9.1% | |
| Q4 2025 | +39.0% | +51.0% | +5.1% | |
| Q3 2025 | +3.8% | -1.2% | -7.7% | |
| Q2 2025 | +5.1% | +18.9% | +32.7% | |
| Q1 2025 | -15.9% | -5.8% | -24.7% | |
| Q4 2024 | +32.3% | +31.5% | -18.7% | |
| Q3 2024 | -29.8% | -38.9% | -48.4% | |
| Q2 2024 | +13.1% | +1.6% | -3.1% | |
| Q1 2024 | -24.9% | -7.4% | -17.3% | |
| Q4 2023 | +40.0% | +38.3% | +37.4% | |
| Q3 2023 | +36.6% | +27.1% | -6.3% | |
| Q2 2023 | -11.9% | +1.8% | +24.2% | |
| Q1 2023 | +13.7% | +10.4% | +16.3% | |
| Q4 2022 | +14.7% | +36.4% | +26.8% | |
| Q3 2022 | -7.0% | -9.4% | -30.4% | |
| Q2 2022 | +0.6% | +0.7% | +17.7% | |
| Q1 2022 | +0.0% | +0.2% | +0.2% | |
| Q3 2021 | -0.2% | +0.1% | +0.5% | |
| Q2 2021 | +0.4% | -0.2% | +0.0% | |
| Q1 2021 | — | — | — |
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