EarningsQ3 2026 Earnings Report
MX:SYM Q3 2026 EPS Results
Actual EPS$1.54
Consensus EPS$2.25
Beat/MissMissed by -$0.70
One Year Ago EPS$1.25
MX:SYM Q3 2026 Revenue Results
Actual Revenue$12.36B
Expected Revenue$12.26B
Beat/MissBeat by +$99.49M
YoY Revenue Growth+21.74%
Earnings Announcement Details
QuarterQ3 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:SYM Upcoming Earnings
Symbotic's next earnings date is estimated for November 23, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:SYM Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple material positives: strong top-line growth (22% YoY), a return to GAAP profitability, adjusted EBITDA more than doubling year-over-year, high-growth software and services revenue, expanding deployments, a large $22.5 billion backlog, and strategic technology and tuck-in acquisitions supporting broadened addressable markets. Headwinds highlighted included timing-driven cash decline, modest backlog adjustments and pricing resets, a multi-quarter timeline for converting micro-fulfillment opportunities at scale, some lumpiness in revenue per deployment, and a cautious near-term margin outlook due to OpEx timing. Overall, the fundamentals and growth drivers appear robust and management signaled clear levers to continue margin expansion, outweighing the transitory operational and timing challenges.Company Guidance
Strong Revenue Growth
Fiscal Q3 revenue of $721 million, up 22% year-over-year and up 7% sequentially, near the high end of guidance.
Profitability Improvement (GAAP & Adjusted EBITDA)
GAAP net income of $55 million versus a net loss of $21 million in Q3 FY25; adjusted EBITDA of $95 million, more than doubling from $45 million a year ago (>100% YoY).
Recurring Revenue Expansion (Software & Services)
Software revenue grew 57% year-over-year to $13 million; operations services revenue grew 49% year-over-year to $37 million, reflecting growth in operational systems.
Systems Deployment and Operational Base Growth
Started 11 new system deployments in the quarter, bringing total systems in deployment to 77 and total operational systems to 56 (4 systems went operational this quarter). Systems revenue was $671 million, up 20% YoY and 6% sequentially.
Gross Margin Expansion and Operating Leverage
Non-GAAP gross margin expanded sequentially and year-over-year, landing around 25% in the quarter; SG&A showed sequential improvement and operating leverage led to better-than-expected profitability.
Large, Stable Backlog
Backlog remains robust at $22.5 billion despite slight quarter-over-quarter decrease; company notes ~15% of backlog expected to be realized in the next 12 months.
Product & Technology Progress and Strategic Acquisitions
Deployment of >1,000 larger bots this calendar year; rollouts planned for LiDAR, enhanced cameras, Nyobolt batteries; two tuck-in acquisitions (Box Robotics and ARMS Innovations) plus integration of FOXROBOSY to broaden software and dock automation capabilities.
GreenBox and Micro-Fulfillment Momentum
GreenBox Atlanta site live and receiving product (multi-tenant); Lathrop site to go live in 60-90 days. SymMicro prototype installed in a Walmart store with first prototype to run ~6 months and follow-on deployments expected to trigger larger orders.
Balance Sheet and Cash Planning
Ended the quarter with $1.7 billion in cash and equivalents and expects positive free cash flow in Q4; management highlights a solid balance sheet used to support potential acquisitions and growth.
MX:SYM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed