Stock Track | Symbotic Soars 9.95% in After-Hours Trading on Strong Q1 Earnings Beat and Upbeat Guidance

Stock Track05:34

Symbotic Inc.'s stock surged 9.95% in post-market trading following the release of its first-quarter fiscal 2026 financial results, which significantly exceeded analyst expectations.

The AI robotics firm reported revenue of $629.99 million for the quarter, a 29% year-over-year increase and above the consensus estimate of $623.11 million. The company swung to a net income of $13.36 million from a net loss of $17 million in the prior-year period, with adjusted EBITDA soaring to $67 million from $18 million.

Furthermore, Symbotic issued strong guidance for the second quarter, projecting revenue between $650 million and $670 million, which surpasses current analyst forecasts. Management attributed the strong performance to effective operational execution and product innovation, which drove stronger-than-expected margins.

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