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Symbotic reported strong revenue growth with a record operating margin. The company initiated six new system deployments and completed commissioning of one system. A new systems sales contract with GreenBox increases the contracted backlog to approximately $23 billion.
Achieved record revenue.
Attained record operating margin.
Initiated six new system deployments.
Completed commissioning of one system.
For the fourth quarter of fiscal 2023, Symbotic expects revenue of $290 million to $310 million, and an adjusted EBITDA of $0 million to $3 million.
Visualization of income flow from segment revenue to net income