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Investing.com -- Symbotic Inc. (NASDAQ:SYM), an AI-enabled robotics technology provider for supply chains, reported mixed second quarter results and issued weak guidance, sending shares down 1% in after-hours trading.
The company posted revenue of $549.65 million for the quarter ended March 29, 2025, beating analyst estimates of $522.43 million and marking a 40% increase YoY. However, Symbotic reported an adjusted loss per share of $0.04, missing the consensus expectation of $0.04 in earnings.
For the third quarter, Symbotic forecasts revenue between $520 million and $540 million, below the analyst consensus of $564.7 million. The company expects adjusted EBITDA of $26 million to $30 million for Q3.
"Our execution has improved, and our margins expanded," said Symbotic Chairman and CEO Rick Cohen. "With stronger project execution and a compelling roadmap of product innovation, we remain well-positioned to deliver increasing value to our stakeholders."
The company’s net loss narrowed to $21 million from $55 million in the same quarter last year. Adjusted EBITDA improved to $35 million, up from $9 million YoY. Cash and cash equivalents increased by $52 million from the prior quarter to $955 million.
CFO Carol Hibbard noted, "Second quarter revenue grew by 40% year-over-year, and we delivered a record number of system starts and completes. Looking forward, we remain committed to delivering improved execution while investing to support our future growth and innovation."
Despite the earnings miss and weak guidance, Symbotic’s stock only dipped 1% in after-hours trading, suggesting investors may be focusing on the revenue beat and improved margins.
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