NASDAQ$SYM
Symbotic Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Symbotic's financial performance improved with increased revenue and adjusted EBITDA.
Symbotic reported a revenue of $424 million, a net loss of $41 million, and an adjusted EBITDA of $22 million for Q2 2024. The company experienced revenue growth and margin expansion, driven by advancements in software and hardware that accelerated deployment progress.
- Revenue increased to $424 million compared to $267 million in the same quarter of fiscal 2023.
- Net loss improved to $41 million from $55 million in the second quarter of fiscal 2023.
- Adjusted EBITDA was $22 million, a significant increase from an adjusted EBITDA loss of $11 million in the prior year's quarter.
- Cash, cash equivalents, and marketable securities increased by $276 million from the prior quarter, reaching $951 million.
Headline financials
Revenue & EPS history
Symbotic · Revenue · Quarterly
$424M
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 third quarter of fiscal 2024, Symbotic anticipates revenue between $450 million and $470 million, and adjusted EBITDA between $27 million and $29 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 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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