Symbotic Inc. announced strong financial results for its first quarter of fiscal year 2026, reporting a 29% year-over-year revenue increase to $630 million and a significant rise in Adjusted EBITDA to $67 million, compared to $18 million in the prior year. The company also achieved a net income of $13 million, a turnaround from a net loss of $17 million in the first quarter of fiscal year 2025.
Revenue for Q1 FY26 reached $630 million, marking a 29% increase year-over-year.
Net income for the quarter was $13 million, a substantial improvement from a net loss of $17 million in Q1 FY25.
Adjusted EBITDA significantly grew to $67 million, up from $18 million in the same period last year.
Cash and cash equivalents totaled $1.8 billion, an increase of $574 million from the prior quarter, partly due to $424 million in net proceeds from a follow-on offering.
For the second quarter of fiscal 2026, Symbotic anticipates continued growth in revenue and adjusted EBITDA, driven by rising deployments and expanding profitability.
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