Business Operations and Strategy - The company has a backlog of approximately $22.5 billion as of September 27, 2025, primarily from agreements with Walmart and GreenBox[20] - The company acquired the Advanced Systems and Robotics (ASR) business from Walmart in January 2025, adding a new product category for automated fulfillment at local and store levels[23] - The company plans to develop and install automated systems for online pickup and delivery at Walmart retail stores, with prototypes of the next-generation micro-fulfillment solution expected in calendar year 2026[39] - The company’s next-generation storage technology, announced in August 2025, can reduce storage footprint by up to 40%[37] - The company’s systems are operational in several of the world’s largest retailers, including Walmart and C&S Wholesale Grocers[20] - The company estimates its initial addressable market for its case-based system to be $144 billion over the next 15 to 25 years, based on the number of warehouses and expected average pricing[65] - The company’s BreakPack system allows for efficient handling of goods, reducing in-store storage needs and improving supply chain efficiency[62] - The company’s systems are designed to create benefits throughout the supply chain, optimizing both upstream and downstream operations[66] - The company is expanding into the warehouse-as-a-service (WaaS) market through the GreenBox joint venture, addressing the growing demand for flexible warehousing solutions[71] - The company aims to enhance operational efficiency through continuous innovation in its A.I.-powered robots and proprietary software[96] Financial Performance and Market Position - As of September 27, 2025, the company has an accumulated deficit of $1.3 billion and has incurred recurring net losses of $91.0 million and $84.7 million for the years ended September 27, 2025, and September 28, 2024, respectively[122] - Walmart accounted for approximately 85% of total revenue in the fiscal year ended September 27, 2025, and a significant majority of the $22.5 billion backlog[126] - The 2022 Walmart Master Automation Agreement added approximately $6.1 billion to the backlog, covering all 42 regional distribution centers[128] - Net sales to larger customers, including UNFI and Albertsons, accounted for approximately 13% of total revenue in the fiscal year ended September 27, 2025[131] - Future revenue growth is uncertain due to reliance on larger customers and potential fluctuations in their demand[131] - The company may incur significant liabilities under warranty claims, which could adversely affect its financial condition[140] - Increased operational expenses and customer acquisition costs may arise from new product launches, impacting financial performance[146] Technology and Innovation - The company’s systems utilize A.I.-powered software to enhance planning, sequencing, and decision-making, aiming to reduce the need for manual human intervention[40] - Autonomous A.I.-powered mobile robots in the company’s systems can travel at speeds exceeding 20 miles per hour, improving inventory handling capabilities[42] - The company’s systems are designed to operate with minimal human intervention, approaching true "lights-out" operation with 100% uptime[42] - The company has developed over 1,100 issued and/or pending patents, reflecting its substantial intellectual property portfolio[57] - The company utilizes A.I.-powered software to optimize storage, retrieval, and palletizing based on individual case characteristics, enhancing operational efficiency[54] - The company’s autonomous mobile robots can travel at speeds exceeding 20 mph, contributing to high operational efficiency[53] Market Opportunities and Risks - The company estimates an additional $52 billion market opportunity in healthcare and electronics verticals over the next 15 years[68] - The total addressable market is estimated at $433 billion, combining the U.S. market of $322 billion and an additional $111 billion from Canada, Germany, Italy, the United Kingdom, and France over the next 15 years[69] - The company identified a $305 billion addressable market in the U.S. for its micro-fulfillment solution, based on projected e-commerce sales of $2.6 trillion by 2030[70] - The GreenBox joint venture aims to invest at least $7.5 billion in purchasing systems over a six-year period, starting in fiscal year 2024[90][91] - The company faces competition from large retail and e-commerce firms, as well as companies offering point solutions and automated technologies, which could adversely affect sales and profitability[147] - Supply chain disruptions, including reliance on single-source suppliers, could lead to delays in manufacturing and delivery of systems[159] - Inflation and increased operating costs due to tariffs and commodity price fluctuations may adversely impact cash flow and financial condition[155] Human Resources and Talent Management - The company employed approximately 2,000 full-time employees as of September 27, 2025, with about 1,950 based in the United States[99] - Nearly half of the company's employees are engaged in engineering, research and development, and related technical functions[100] - The company continues to invest in initiatives to recruit top professionals in robotics, A.I., and industrial automation[103] - The company has a strategic approach to talent management, focusing on understanding capabilities required for current and future growth[104] - The ability to attract and retain highly qualified personnel is critical, as competition for skilled employees is intense in the industry[169] Compliance and Security - The company is subject to various governmental regulations that impact its capital expenditures, earnings, and competitive position[107] - The company has experienced cybersecurity incidents in the past and may face further incidents in the future, which could disrupt operations and lead to loss of proprietary information[119] - The company implemented a new enterprise resource planning system, which may impact its business and operations[120] - Any significant security incident could adversely impact sales, disrupt operations, and harm the company's reputation, potentially leading to legal liabilities[207] - The company has implemented security measures, but vulnerabilities remain, particularly with third-party software and hardware[201] - The company may need to undertake substantial compliance efforts in response to evolving privacy regulations, which could increase operating costs[217] Financial and Operational Challenges - The company has identified a material weakness in internal control over financial reporting as of September 27, 2025, affecting revenue recognition timing[142] - The company faces risks related to the successful development and integration of complex technology with customer systems[137] - The company may face challenges in raising additional capital on favorable terms, which could materially impact its financial condition and operations[178] - Customer agreements may allocate significant liabilities to the company, potentially disrupting business operations and adversely affecting financial condition[177] - The company’s systems may be affected by design and manufacturing defects, which could harm reputation and financial results[161] - The company’s ability to protect its proprietary technologies is uncertain, as there may be undisclosed patents held by third parties that could be infringed[199]

Financial Performance - Symbotic reported Q4 fiscal year 2025 revenue of $618 million, a 9.4% increase from $565 million in Q4 fiscal year 2024[2] - The company experienced a net loss of $19 million in Q4 fiscal year 2025, compared to a net income of $16 million in the same quarter last year[2] - Adjusted EBITDA for Q4 fiscal year 2025 was $49 million, up from $42 million in Q4 fiscal year 2024, reflecting a 16.7% increase[2] - For the full fiscal year 2025, revenue reached $2,247 million, representing a 26% year-over-year growth[3] - The net loss for the full fiscal year 2025 was $91 million, with adjusted EBITDA totaling $147 million[3] Cash and Liquidity - Cash and cash equivalents increased by $467 million from the prior quarter, totaling $1,245 million at the end of Q4 fiscal year 2025[2] - Free cash flow for the three months ended September 27, 2025, was $494,434,000, compared to a negative free cash flow of $153,210,000 in the same period of 2024[24] - The company reported a net cash provided by operating activities of $530,680,000 for the three months ended September 27, 2025[24] - Cash and cash equivalents rose to $1,244,993 thousand, compared to $727,310 thousand in the previous year, marking an increase of 71%[28] - The company reported a net increase in cash, cash equivalents, and restricted cash of $466,553 thousand for the three months ended September 27, 2025[31] Operational Metrics - Total revenue for the three months ended September 27, 2025, was $618,457,000, an increase of 4.7% compared to $592,121,000 for the same period in 2024[20] - Gross profit for the three months ended September 27, 2025, was $127,121,000, representing a gross profit margin of 20.6%, up from 18.2% in the previous year[23] - Operating income for the three months ended September 27, 2025, was a loss of $21,762,000, compared to a loss of $36,556,000 in the same period of 2024[20] - Adjusted EBITDA for the three months ended September 27, 2025, was $49,442,000, an increase from $45,394,000 in the previous year[23] - Total operating expenses for the three months ended September 27, 2025, were $148,883,000, compared to $144,178,000 in the same period of 2024[20] Customer and Market Expansion - The company added Medline as its first customer in the healthcare vertical, indicating expansion into new markets[3] - Symbotic's management expressed optimism about the transition to next-generation storage structures, aligning with customer expectations[3] - The company is focused on enhancing operational systems and margin expansion as part of its growth strategy[3] Balance Sheet and Equity - Total assets increased to $2,401,197 thousand in September 2025, up from $1,578,552 thousand in September 2024, representing a growth of 52%[28] - Total current liabilities increased to $1,729,423 thousand, up from $1,017,146 thousand, reflecting a rise of 70%[28] - Total stockholders' equity rose to $221,318 thousand, compared to $197,233 thousand in the previous year, an increase of 12%[28] - The number of Class A Common Shares outstanding increased to 112,635,932 as of September 27, 2025, from 104,689,377 a year earlier[26] Research and Development - Research and development expenses for the three months ended September 27, 2025, were $58,732,000, an increase of 12.4% from $52,147,000 in the same period last year[24] Deferred Revenue and Stock-Based Compensation - Deferred revenue increased significantly to $1,242,312 thousand, up from $676,314 thousand, indicating a growth of 83%[28] - The company incurred stock-based compensation expenses of $64,368 thousand for the three months ended September 27, 2025, compared to $49,440 thousand in the previous quarter[30]

Core Insights - Symbotic Inc. reported a revenue of $618 million for Q4 FY2025, a net loss of $19 million, and an adjusted EBITDA of $49 million, indicating strong top-line growth compared to the previous year [1][2][3] Financial Performance - Q4 FY2025 revenue increased by 9.4% from $565 million in Q4 FY2024 [2] - The company experienced a net loss of $19 million in Q4 FY2025, compared to a net income of $16 million in Q4 FY2024 [2] - For the full fiscal year 2025, revenue reached $2,247 million, reflecting a 26% year-over-year growth, with a net loss of $91 million and adjusted EBITDA of $147 million [2][3] Cash Position - Cash and cash equivalents rose by $467 million from the prior quarter, totaling $1,245 million at the end of Q4 FY2025 [2] Management Commentary - CEO Rick Cohen emphasized the company's commitment to strong growth and operational improvements, highlighting the addition of Medline as a new customer in the healthcare sector [3] - CFO Izzy Martins noted that revenue exceeded expectations and highlighted strong gross margin expansion and free cash flow in Q4 FY2025 [3] Future Outlook - For Q1 FY2026, Symbotic anticipates revenue between $610 million and $630 million, with adjusted EBITDA expected to be between $49 million and $53 million [4]

Earnings Reports Overview - The current earnings season is nearing its end, with notable companies reporting during the holiday-shortened week [1] - Retail investors are particularly focused on earnings reports from major companies [1] Company-Specific Earnings Reports - WeRide Inc. (NASDAQ:WRD) and LexinFintech Holdings Ltd. (NASDAQ:LX) reported before the market opened on November 24, both showing better-than-expected results, leading to stock price increases [2] - Zoom Communications Inc. (NASDAQ:ZM) is expected to report third-quarter results after the market closes on November 24, with analysts predicting earnings of $1.44 per share and revenue of $1.21 billion [3] - Alibaba Group Holding Ltd. (NYSE:BABA) will release its Q2 earnings report before the market opens on November 25, with expectations of adjusted earnings of 81 cents per share and revenue of $34.43 billion [3] - Retailers Kohl's Corp. (NYSE:KSS) and Best Buy Co. Inc. (NYSE:BBY) are anticipated to provide insights into consumer behavior with their reports on November 25 [4] - Cleanspark Inc. (NASDAQ:CLSK), Dell Technologies Inc. (NYSE:DELL), and Zscaler Inc. (NASDAQ:ZS) are set to report after the market closes on November 25 [5] - Li Auto Inc. (NASDAQ:LI) and EHang Holdings Ltd. (NASDAQ:EH) will report their results before the market opens on November 26, alongside Deere & Co. (NYSE:DE), which has consistently beaten analyst expectations for 12 consecutive quarters [6] Market Schedule - U.S. stock markets will be closed on November 27 for the Thanksgiving holiday [8] - The stock market will have an early closure at 1 p.m. ET on November 28 [9]

Core Insights - Investors will have a break next week due to the market closure on November 27 for Thanksgiving, allowing time for assessment and reflection after a challenging week for Wall Street [2] - Despite the end of the U.S. government shutdown, some key economic reports are still being canceled due to insufficient survey data, impacting market expectations [3] Earnings Reports - Several companies are scheduled to report earnings next week, including Alibaba Group (BABA), Dell (DELL), Deere & Company (DE), Analog Devices (ADI), Best Buy (BBY), HP (HPQ), and DICK'S Sporting Goods (DKS) [4] - Specific earnings highlights include: - Monday: Agilent Technologies (A), Zoom Communications (ZM), Symbotic (SYM) [5] - Tuesday: Alibaba, Analog Devices (ADI), Dell Technologies, Best Buy (BBY), Autodesk (ADSK), Workday (WDAY), Zscaler (ZS), HP (HPQ), DICK'S Sporting Goods, J.M. Smucker (SJM), and NIO (NIO) [5] - Wednesday: Deere, Li Auto (LI) [5] - Thursday: Intuitive Machines (LUNR) [6] - Friday: Frontline Plc (FRO), Buckle, Inc. (BKE) [6]

Core Insights - Symbotic Inc. (SYM) is set to report its fourth-quarter fiscal 2025 results on November 24, with revenue expectations of $600.2 million, reflecting a 4.1% year-over-year growth, and earnings estimated at 7 cents per share, indicating a 40% increase from the previous year [1] Financial Performance - The consensus estimate for SYM's revenues in Q4 is $600.2 million, with a year-over-year growth of 4.1% [1] - Earnings per share are projected at 7 cents, stable over the past 60 days, and representing a 40% increase from the same quarter last year [1] - SYM's earnings surprise history shows mixed results, with two earnings beats and two misses in the last four quarters, averaging a miss of 78.3% [2] Backlog and Revenue Drivers - SYM reported a backlog of $22.4 billion in Q3 of fiscal 2025, with expectations to recognize approximately 11% of remaining performance obligations as revenue in the next 12 months and 56% over the following 13-60 months [4] - The anticipated revenue for Q4 is projected to be between $590 million and $610 million, with adjusted EBITDA expected to range from $45 million to $49 million [5] Stock Performance and Valuation - SYM's stock has increased over 80% in the past six months, outperforming its industry peers [6] - Despite the stock surge, SYM is considered relatively overvalued, trading at a high forward price-to-sales ratio compared to industry averages and competitors [10] - The company holds a Value Score of F, while competitors Coherent and MediaAlpha have scores of C and A, respectively [10] Strategic Partnerships and Future Outlook - SYM's partnership with Nyobolt, focusing on autonomous mobile robots, is expected to enhance performance and durability in warehouse automation systems [15] - The company is positioned for substantial revenue generation in the near future due to its high backlog and potential margin expansion from increased system deployment [14]

Earnings Report - Symbotic Inc. is set to release its fourth-quarter earnings results on November 24, with analysts expecting earnings of 8 cents per share, a significant decrease from 47 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $604 million, compared to $576.77 million in the previous year [1] Recent Performance - In the third quarter, Symbotic reported an EPS miss and provided fourth-quarter sales guidance that fell below estimates [2] - The company's shares increased by 1.4%, closing at $54.72 on Thursday [2] Analyst Ratings - UBS analyst Damian Karas downgraded the stock from Neutral to Sell, raising the price target from $27 to $35 [4] - DA Davidson analyst Matt Summerville downgraded the stock from Buy to Neutral, increasing the price target from $35 to $47 [4] - Needham analyst James Ricchiuti maintained a Buy rating and raised the price target from $32 to $57 [4] - Oppenheimer analyst Colin Rusch maintained an Outperform rating, increasing the price target from $54 to $59 [4] - Northland Capital Market analyst Michael Latimore maintained an Outperform rating and raised the price target from $35 to $56 [4]

Core Insights - The article focuses on Symbotic Inc. (SYM) as part of a series analyzing robotics stocks, indicating a personal interest in adding this stock to the author's portfolio [1] Company Overview - Symbotic Inc. is highlighted as a company of interest in the robotics sector, suggesting potential investment opportunities [1] Analysis Approach - The analysis aims to cater to both beginners and advanced readers, emphasizing clarity and a well-reasoned perspective on the stock [1]

Core Points - Ten large-cap stocks experienced significant declines last week, with IREN Limited leading the drop at 29.3% due to a decrease in Bitcoin prices and investor concerns over government shutdown resolutions and Federal Reserve policies [1] - CoreWeave, Inc. saw a 29.75% decrease after lowering its FY2025 sales guidance, prompting multiple analysts to revise their price forecasts [1] - Nebius Group N.V. fell 27.37% after issuing FY2025 sales guidance that was below market estimates [2] - Fermi Inc. and Circle Internet Group, Inc. reported declines of 25.51% and 24.03% respectively, with the latter facing analyst downgrades following its third-quarter results [2] - IonQ, Inc. dropped 17.79% amid overall market weakness and a sell-off in tech and AI stocks [3] - Strategy Inc experienced a 19.77% decline, also linked to the drop in Bitcoin prices affecting crypto-related stocks [3] - Bloom Energy Corporation and Symbotic Inc. saw decreases of 21.14% and 21.9% respectively [3] - Oklo Inc. fell 16.55% after reporting its third-quarter financial results [4]

Core Insights - The recent market correction has created buying opportunities for investors in high-growth companies that are addressing real-world problems, with many stocks trading at 30-day lows despite strong operational progress [1][2]. Group 1: Symbotic (SYM) - Symbotic develops AI-enabled robotic systems for automating high-volume warehouses, reporting Q3 2025 revenue of $592 million, a 26% year-over-year increase, and adjusted EBITDA rising to $45 million from $3 million [3][5]. - The company has a significant backlog of approximately $22.4 billion, primarily from long-term contracts with Walmart and GreenBox, providing multiyear revenue visibility [5][6]. - Despite a 14% decline in shares over the past 30 days, the company is positioned for growth with a substantial contracted workload ahead [6]. Group 2: AST SpaceMobile (ASTS) - AST SpaceMobile aims to create the first space-based cellular broadband network compatible with standard smartphones, achieving Q3 2025 revenue of $14.7 million, up from $1.1 million a year ago, driven by government contracts [7][9]. - The company has over $1 billion in contracted revenue commitments and has signed agreements with more than 50 mobile network operators, serving nearly 3 billion subscribers [9][10]. - Execution and launch timelines are critical factors, with recent revenue misses contributing to stock volatility, but the current weakness offers a favorable entry point for investors [10]. Group 3: SS Innovations International (SSII) - SS Innovations has installed over 100 SSi Mantra surgical robotic systems and completed over 5,000 procedures, indicating a transition from concept to scale [11][13]. - The company plans to file a 510(k) premarket notification in Q4 2025 for multiple surgical indications, which could expedite FDA clearance [13][14]. - This small-cap stock has shown less volatility compared to others, with only a 5% decline over the past 30 days as investors await regulatory updates [15].