Symbotic Inc. (SYM) shares surged 6.32% in the 24-hour period following the release of its second-quarter fiscal year 2025 results, which exceeded analyst expectations and demonstrated robust growth.
The company reported revenue of $549.7 million for the quarter, significantly surpassing the FactSet consensus estimate of $522.4 million. This represents a 40% year-over-year increase from $393.3 million in the same quarter last year. Symbotic's strong performance was driven by a record number of system starts and completions during the quarter.
Despite the revenue beat, Symbotic posted a net loss of $21.4 million, or $0.04 per diluted share, which was in line with analyst expectations. The company's adjusted EBITDA for the quarter was $34.7 million, showing significant improvement in profitability metrics. Looking ahead, Symbotic provided guidance for the third quarter, projecting revenue between $520 million and $540 million, indicating continued strong growth trajectory.
Investors appear to be encouraged by Symbotic's execution improvements and expanding margins. Rick Cohen, Symbotic's Chairman and CEO, stated, "Our execution has improved, and our margins expanded. With stronger project execution and a compelling roadmap of product innovation, we remain well-positioned to deliver increasing value to our stakeholders." The market's positive reaction suggests confidence in the company's growth strategy and its position in the AI-enabled robotics technology sector for supply chains.
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