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Symbotic Stock Declines 15.5% Since Q2 Earnings Release
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Key Takeaways
SYM posted fiscal Q2 revenues of $676.5M, up 23.1% year over year and above estimates.
Symbotic launched 14 new system deployments in Q2, bringing total active deployments to 70.
SYM expects fiscal Q3 revenues of $700M-$720M and adjusted EBITDA of $80M-$85M.
Symbotic, Inc. (SYM - Free Report) reported impressive fiscal second-quarter 2026 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
The better-than-expected results failed to impress the market, as the stock has declined 15.5% since the earnings release on May 6.
Quarterly adjusted EPS came in at 44 cents, beating the Zacks Consensus Estimate by more than 100% and increasing tremendously on a year over year basis. Meanwhile, total revenues of $676.5 million beat the consensus mark by 2.4% and increased 23.1% year over year.
Symbotic shares have gained 93.6% over the past year, outperforming the 6.8% rise in the industry it belongs to and the 30.7% increase in the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
SYM’s Segmental Performance
System revenues, accounting for 93.8% of the total revenues, increased 23.6% year over year to $634.5 million, driven by the company’s proactive initiatives. It started 14 new system deployments in the second quarter of fiscal 2026, bringing the total number of systems in deployment to 70 at the end of the quarter.
Software maintenance and support revenues increased 93.3% year over year to $12.9 million. Operations services revenues totaled $29 million, down 1.8% year over year due to a tough comparable in training revenues.
SYM’s Margins Expand
Adjusted EBITDA came in at $78 million, increased more than 100% on a year-over-year basis. The adjusted EBITDA margin improved 521 basis points year over year to 11.5%.
The adjusted gross profit came in at $165.8 million in the March-end quarter of fiscal 2026 and increased 36.1% year over year. The adjusted gross profit margin improved 230 basis points year over year to 24.5%.
SYM reported a backlog of $22.7 million, which improved 1.8% on a year-over-year basis.
SYM’s Balance Sheet and Cash Flow Figures
Symbotic exited the quarter with a cash and cash equivalent of $2 billion compared with $1.25 billion at the end of fiscal 2025. SYM generated $261.3 million of cash from operating activities in the quarter and free cash flow of $217.9 million.
SYM’s Guidance
For the third quarter of fiscal 2026, the company expects the revenues to be in the band of $700-$720 million. The midpoint of the guided range ($710 million) is just below the Zacks Consensus Estimate of $713.8 million.
Adjusted EBITDA is expected to be between $80 million and $85 million.
The company expects capital expenditures to be in the range of $20-$25 million per quarter.
Aptiv PLC (APTV - Free Report) reported impressive first-quarter 2026 results. Adjusted earnings of $1.71 per share beat the Zacks Consensus Estimate of $1.62 and increased 1.2% year over year. Revenues of $5.1 billion topped the Zacks Consensus Estimate of $5 billion and rose 5.4% year over year.
FactSet (FDS - Free Report) has reported impressive results for the second-quarter fiscal 2026, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
FDS’ earnings per share of $4.46 beat the consensus mark by 2.1% and increased 4.2% from the year-ago quarter. Revenues of $611 million beat the Zacks Consensus Estimate by a slight margin and rose 7.1% from the year-ago quarter.
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Symbotic Stock Declines 15.5% Since Q2 Earnings Release
Key Takeaways
Symbotic, Inc. (SYM - Free Report) reported impressive fiscal second-quarter 2026 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
The better-than-expected results failed to impress the market, as the stock has declined 15.5% since the earnings release on May 6.
Quarterly adjusted EPS came in at 44 cents, beating the Zacks Consensus Estimate by more than 100% and increasing tremendously on a year over year basis. Meanwhile, total revenues of $676.5 million beat the consensus mark by 2.4% and increased 23.1% year over year.
Symbotic Inc. Price, Consensus and EPS Surprise
Symbotic Inc. price-consensus-eps-surprise-chart | Symbotic Inc. Quote
Symbotic shares have gained 93.6% over the past year, outperforming the 6.8% rise in the industry it belongs to and the 30.7% increase in the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
SYM’s Segmental Performance
System revenues, accounting for 93.8% of the total revenues, increased 23.6% year over year to $634.5 million, driven by the company’s proactive initiatives. It started 14 new system deployments in the second quarter of fiscal 2026, bringing the total number of systems in deployment to 70 at the end of the quarter.
Software maintenance and support revenues increased 93.3% year over year to $12.9 million. Operations services revenues totaled $29 million, down 1.8% year over year due to a tough comparable in training revenues.
SYM’s Margins Expand
Adjusted EBITDA came in at $78 million, increased more than 100% on a year-over-year basis. The adjusted EBITDA margin improved 521 basis points year over year to 11.5%.
The adjusted gross profit came in at $165.8 million in the March-end quarter of fiscal 2026 and increased 36.1% year over year. The adjusted gross profit margin improved 230 basis points year over year to 24.5%.
SYM reported a backlog of $22.7 million, which improved 1.8% on a year-over-year basis.
SYM’s Balance Sheet and Cash Flow Figures
Symbotic exited the quarter with a cash and cash equivalent of $2 billion compared with $1.25 billion at the end of fiscal 2025. SYM generated $261.3 million of cash from operating activities in the quarter and free cash flow of $217.9 million.
SYM’s Guidance
For the third quarter of fiscal 2026, the company expects the revenues to be in the band of $700-$720 million. The midpoint of the guided range ($710 million) is just below the Zacks Consensus Estimate of $713.8 million.
Adjusted EBITDA is expected to be between $80 million and $85 million.
The company expects capital expenditures to be in the range of $20-$25 million per quarter.
SYM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshot
Aptiv PLC (APTV - Free Report) reported impressive first-quarter 2026 results. Adjusted earnings of $1.71 per share beat the Zacks Consensus Estimate of $1.62 and increased 1.2% year over year. Revenues of $5.1 billion topped the Zacks Consensus Estimate of $5 billion and rose 5.4% year over year.
FactSet (FDS - Free Report) has reported impressive results for the second-quarter fiscal 2026, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.
FDS’ earnings per share of $4.46 beat the consensus mark by 2.1% and increased 4.2% from the year-ago quarter. Revenues of $611 million beat the Zacks Consensus Estimate by a slight margin and rose 7.1% from the year-ago quarter.