01—Abstract
Summary
Summary of the 8-K filed August 5, 2026. Cited figures are marked; the original filing is the authoritative source.
Symbotic Inc. (Nasdaq: SYM) reported third-quarter fiscal 2026 results for the quarter ended June 27, 2026.
Total revenue was $720.8 milliona, compared with $592.1 million in the year-ago quarter, and the press release states revenue of $721 million, up 22% year-over-year. Gross profit was $160.9 million (22.3% gross margin) versus $111.8 million (18.9%) a year earlier. Net income was $55.0 million, compared with a net loss of $21.2 million in the third quarter of fiscal 2025.
Adjusted EBITDA rose to $95.2 millionb from $45.4 million, and the company states that is more than double the prior-year figure. Results were helped by a $19.4 million fair value gain on strategic investments in the quarter. Operating income was $32.9 million, versus an operating loss of $25.8 million a year earlier.
Cash and cash equivalents were $1.75 billionc at June 27, 2026, down from $2.01 billion in cash, equivalents and restricted cash at March 28, 2026. Operating cash flow was negative $147.3 million in the quarter, and free cash flow was negative $164.6 million, driven by a $155.9 million increase in accounts receivable and a $123.8 million decrease in deferred revenue. For the fourth quarter of fiscal 2026, the company expects revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million.
The company also cites $22.5 billiond of contracted backlog and 77 systems in deployment. The filing also discloses that the board expanded from nine to ten members effective August 4, 2026, and appointed Stephen G. Pagliuca, former Co-Chair of Bain Capital and former managing general partner of the Boston Celtics, as a director.
02—Key points
Key Highlights
- Q3 FY2026 revenue of $720.8 million, versus $592.1 million in Q3 FY2025; the press release describes this as up 22% year-over-year.
- Net income of $55.0 million versus a net loss of $21.2 million a year earlier; operating income of $32.9 million versus an operating loss of $25.8 million.
- Adjusted EBITDA of $95.2 million, more than double the $45.4 million in the prior-year quarter; the quarter includes a $19.4 million fair value gain on strategic investments.
- Gross margin of 22.3% versus 18.9% a year earlier; adjusted gross profit margin of 25.0% versus 21.5%.
- Free cash flow was negative $164.6 million, with operating cash flow of negative $147.3 million, driven by higher receivables and lower deferred revenue.
- Cash and cash equivalents of $1.75 billion at quarter end, down from $2.0 billion at the end of the prior quarter.
- Q4 FY2026 guidance: revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million.
03—Questions
Frequently Asked Questions
How did Symbotic perform in the third quarter of fiscal 2026?
Revenue was $720.8 million, up from $592.1 million a year earlier. The company reported net income of $55.0 million, compared with a net loss of $21.2 million in the prior-year quarter, and adjusted EBITDA of $95.2 million versus $45.4 million.
Why was operating cash flow negative despite strong earnings?
Net cash used in operating activities was $147.3 million. The cash flow statement shows a $155.9 million increase in accounts receivable and a $123.8 million decrease in deferred revenue in the quarter, partly offset by other items.
What is Symbotic's guidance for the fourth quarter of fiscal 2026?
The company expects fourth-quarter revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million. It does not provide guidance for net income, citing the inability to reconcile forward-looking adjusted EBITDA to GAAP net income without unreasonable effort.
What board change did Symbotic announce?
The board increased its size from nine to ten members effective August 4, 2026, and appointed Stephen G. Pagliuca as a director. He is the founder and CEO of PagsGroup and a former Co-Chair of Bain Capital, and he will receive the standard non-employee director compensation.
What is the company's cash position and backlog?
Cash and cash equivalents were $1.75 billion at June 27, 2026, compared with $1.24 billion at September 27, 2025. The company cites $22.5 billion of contracted backlog and 77 systems in deployment, with 56 operational systems.
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