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Symbotic swings to profitability on Q3 revenue growth

The automation firm reported Q3 revenue of $720.8 million, alongside net income of $55 million after prior-year losses, as adjusted EBITDA more than doubled to $95 million.

Reported · Written up by our desk · Results

Symbotic reported strong Q3 results, with revenue increasing 21.7% year over year to $720.84 million. The company also shifted to profitability, posting net income of $55 million versus losses in the prior year.

The quarter featured margin improvement as the company’s leverage rose with revenue and scale. Gross margin was 22%, and adjusted EBITDA more than doubled to $95 million, about 13% of revenue, according to MarketBeat Ratings.

Performance was supported by growth across segments, with the core systems segment up 20% and representing more than 90% of the business. Meanwhile, the software and support segment grew faster at 57%, and management pointed to 77 systems in deployment as a key driver.

For Q4, Symbotic expects revenue in the range of $770 million, and the outlook is described as favorable by MarketBeat Ratings, with continued strength expected to support future margin gains.

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