NASDAQ$SYM
Symbotic Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Symbotic's Q2 2023 financial results were released, showcasing revenue growth and progress in outsourcing and resource rationalization.
Symbotic reported a significant 177% year-over-year revenue increase in Q2 2023, reaching $266.9 million. The company experienced a net loss of $55.4 million and an adjusted EBITDA loss of $11.2 million. They also completed installations at multiple customer sites and initiated seven new system deployments.
- Revenue grew to $266.9 million, marking a 177% increase year-over-year.
- Net loss was $55.4 million, while adjusted EBITDA loss was $11.2 million.
- Cash, cash equivalents, restricted cash and marketable securities increased by $17.1 million from the prior quarter.
- Seven new system deployments were initiated during the quarter.
Headline financials
Revenue & EPS history
Symbotic · Revenue · Quarterly
$267M
Revenue by segment
Symbotic · $267M total across 3 segments · Q2 2023
- Systems$258M+187.6%96.5%
- Operation services$7.79M+35.5%2.9%
- Software maintenance and support$1.46M+51.4%0.5%
Forward guidance
For the third quarter of fiscal 2023, Symbotic expects revenue of $245 million to $265 million and an adjusted EBITDA loss of $11 million to $8 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 Q2 2023
+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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