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Symbotic Inc (SYM) delivers cutting-edge warehouse automation through AI-powered robotics and software solutions that transform supply chain operations. This news hub provides investors and industry professionals with essential updates on the company’s technological advancements and market position.
Access real-time announcements covering system deployments, strategic partnerships, and operational milestones. Our curated collection includes earnings reports, product launch details, and analyses of Symbotic’s innovations in industrial automation and machine learning applications.
Key updates feature developments in high-density storage solutions, safety-enhanced robotics, and efficiency improvements for retail/distribution networks. Track how SYM addresses complex logistics challenges through adaptive software platforms and predictive analytics.
Bookmark this page for streamlined access to Symbotic’s verified press releases and objective news coverage. Stay informed about emerging trends in supply chain automation while monitoring the company’s progress in reshaping warehouse economics across North America.
Symbotic (Nasdaq: SYM), an A.I.-enabled robotics technology company specializing in supply chain solutions, has scheduled the release of its second quarter fiscal 2025 financial results for Wednesday, May 7, 2025, after market close.
The company will host a live webcast at 5:00 p.m. ET on the same day to discuss the quarterly results. Interested parties can register for the webcast through the provided link, and a replay will be available on Symbotic's Investor Relations website.
Associated Food Stores (AFS) and Symbotic Inc. (Nasdaq: SYM) have announced the successful activation of phase one of their warehouse modernization initiative at AFS' Utah distribution center. The implementation features Symbotic's end-to-end automation system with robotic case pick capabilities.
The modernization project aims to enhance retail-facing experiences through improved supply chain efficiency, expanded product selection, and optimized delivery. The system promises increased speed to shelf, better SKU availability, and improved inventory utilization.
AFS, serving nearly 500 independent grocers across nine Intermountain states, will maintain employment for all current distribution center team members while providing opportunities for skill development. The company will showcase the new automation system during a special event on March 6, 2025, featuring a power-up ceremony and guided tour of the facility.
Symbotic (Nasdaq: SYM) reported its Q1 FY2025 financial results, showing strong revenue growth to $487 million, up 35% year-over-year from $360 million in Q1 FY2024. The company maintained a net loss of $19 million, while adjusted EBITDA improved to $18 million from $8 million in the same period last year.
Cash and cash equivalents increased by $176 million from the previous quarter to $903 million. The company recently completed the acquisition of Walmart's Advanced Systems and Robotics business. For Q2 FY2025, Symbotic projects revenue between $510-530 million and adjusted EBITDA of $26-30 million, expecting at least 30% year-over-year growth with expanding margins.
Symbotic (Nasdaq: SYM) has completed two major transactions with Walmart (NYSE: WMT): the acquisition of Walmart's Advanced Systems and Robotics business and the signing of a Commercial Agreement for automation systems deployment. The agreement involves developing and implementing automation systems for Accelerated Pickup and Delivery centers (APDs) at Walmart stores.
Under the Commercial Agreement, Walmart will fund a development program with $520 million, including $230 million paid at closing. If performance criteria are met, Walmart commits to deploying systems for 400 APDs over multiple years, with options for additional deployments. The transaction could increase Symbotic's future backlog by over $5 billion and expands its addressable market by more than $300 billion in the United States alone.
Symbotic (Nasdaq: SYM), an A.I.-enabled robotics technology company focused on supply chain solutions, has scheduled its first quarter fiscal 2025 financial results announcement for Wednesday, February 5, 2025, after market close. The company will host a live webcast at 5:00 p.m. ET on the same day to discuss the quarterly results. Investors can access the webcast by registering online, and a replay will be available on the company's investor relations website.
Symbotic (Nasdaq: SYM) has agreed to acquire Walmart's Advanced Systems and Robotics business, expanding their existing partnership. The deal includes Walmart selecting Symbotic to develop and deploy automated solutions for its Accelerated Pickup and Delivery centers (APDs). The transaction involves $200 million in cash at closing, with up to $350 million in contingent payments.
Walmart has committed to implementing systems for 400 APDs over multiple years, with options for additional deployments. The deal could increase Symbotic's future backlog by over $5 billion and expands its addressable market by more than $300 billion in the US alone. Walmart will pay Symbotic $520 million for the development program, including $230 million at closing.
This strategic move builds on Symbotic's ongoing role in automating Walmart's supply chain since 2017, including deployment across all 42 of Walmart's regional distribution centers. The acquisition is expected to close in Symbotic's fiscal second quarter of 2025.
Symbotic Inc. (Nasdaq: SYM), an A.I.-enabled robotics technology leader for the supply chain, has appointed Dr. James Kuffner as Chief Technology Officer (CTO), effective January 1, 2025. Kuffner replaces George Dramalis, who is retiring. With over 30 years of robotics leadership experience, Kuffner brings significant expertise from his roles at Toyota, Google, and Carnegie Mellon University's Robotics Institute.
Kuffner, who has authored 125 publications and holds 40 patents in 3D graphics, robotics, and autonomous vehicles, is notably the co-inventor of the Rapidly Exploring Random Tree (RRT) algorithm for robot motion planning. He joins Symbotic from Toyota Motor , where he most recently served as Senior Fellow of the Software Development Center and previously held positions as Chief Digital Officer and Board Member.
Symbotic Inc. (Nasdaq: SYM) has completed the acquisition of OhmniLabs, a Silicon Valley-based robotics solutions company specializing in healthcare automation. The strategic acquisition combines Symbotic's expertise in large-scale automation with OhmniLabs' mobile robots, vision, and A.I. solutions.
Founded in 2015, OhmniLabs is known for its autonomous disinfection and telepresence robots, featuring an in-house development and manufacturing model. The acquisition aims to expand Symbotic's capabilities beyond warehouse automation while strengthening its position in healthcare industry innovation.
Symbotic (Nasdaq: SYM) has announced a delay in filing its Form 10-K for fiscal year 2024 due to identified errors in revenue recognition. The company discovered issues related to premature expense recognition and unbillable cost overruns, which affected system revenue recognition in multiple quarters of FY2024. The total impact is estimated to reduce system revenue, gross profit, and adjusted EBITDA by $30 million to $40 million for FY2024. Additionally, Symbotic has revised its Q1 FY2025 outlook, now projecting revenue of $480-500 million and adjusted EBITDA of $12-16 million. The company has identified material weaknesses in internal controls and is implementing remediation measures.
Symbotic (Nasdaq: SYM) reported strong Q4 fiscal 2024 results with revenue of $577 million, net income of $28 million, and adjusted EBITDA of $55 million, compared to revenue of $392 million and a net loss of $45 million in Q4 2023. For full fiscal year 2024, revenue grew 55% to $1,822 million with a net loss of $51 million. Cash position ended at $727 million, down $143 million from previous quarter. The company announced a restatement of interim fiscal 2024 results due to timing differences in revenue recognition. For Q1 2025, Symbotic expects revenue between $495-515 million and adjusted EBITDA of $27-31 million.
