Symbotic achieved a robust start to fiscal Q1 2026, reporting a 29% revenue growth and significant margin expansion, culminating in the company reaching GAAP profitability.
- Revenue for the quarter totaled $630 million, meeting the top end of guidance.
- Net income reached $13 million, marking the company's first GAAP profit amid enhanced operating efficiencies.
- Adjusted EBITDA surged to $67 million, achieving a double-digit EBITDA margin for the first time, driven by cost discipline and strong demand.
- Systems revenue grew by 27% year-over-year, highlighting effective deployment and operational transitions, now with 57 systems active.
- Software revenue surged by 97% year-over-year, reflecting scalability and continued growth in operational services.
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