NASDAQ$SYM
Symbotic Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Symbotic's Q3 2022 results were announced, revealing record quarterly revenue and an expanded backlog.
Symbotic reported a strong third quarter in fiscal year 2022, marked by significant revenue growth and backlog expansion. The company's revenue reached $175.6 million, with an increased backlog of $6.3 billion, bringing the total to $11.3 billion. Despite these gains, the company experienced a net loss of $32.9 million.
- Symbotic's revenue reached a record $175.6 million.
- The company expanded its backlog by $6.3 billion, reaching a total of $11.3 billion.
- Symbotic completed its business combination with SVF Investment Corp. 3 and became a publicly traded company.
- The company ended the quarter with $412 million in cash and cash equivalents and zero debt.
Headline financials
Revenue & EPS history
Symbotic · Revenue · Quarterly
$176M
Revenue by segment
Symbotic · $176M total across 3 segments · Q3 2022
- Systems$170M+35.3%96.6%
- Operation services$5.19M+4.0%3.0%
- Software maintenance and support$862K-30.0%0.5%
Forward guidance
Symbotic expects revenue of $490 million to $510 million and an adjusted EBITDA loss of $94 million to $90 million for the fiscal year ending 2022.
Tailwinds
- Expects revenue of $490 million to $510 million for the fiscal year ending 2022.
- Nearly doubling 2021 annual revenue.
- Continued investment in transformational technologies.
- Scaling the business for its increasing potential.
- Clear visibility towards future growth.
Headwinds
- Expects an adjusted EBITDA loss of $94 million to $90 million.
- Continued investment in transformational technologies.
- Scaling the business for its increasing potential.
- Information reconciling forward-looking adjusted EBITDA to net loss is unavailable.
- Certain items required for reconciliations are outside of Symbotic’s control and/or cannot be reasonably predicted.
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 Q3 2022
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro