Symbotic Inc. Reports Strong Q4 Results, Shares Surge 23%

Symbotic Inc. (SYM) reported its fourth-quarter results, showcasing impressive financial performance. The company announced earnings of five cents per share, surpassing the analyst consensus estimate of three cents. Revenue for the quarter reached $576.76 million, exceeding the expected $470.27 million and marking a significant increase from $391.88 million in the same period last year.

Rick Cohen, CEO of Symbotic, expressed satisfaction with the company's performance, highlighting the focus on innovation and customer success as key drivers of growth. Cohen emphasized the strength of Symbotic's long-term strategy and commitment to sustainable growth for customers, shareholders, and employees.

Looking ahead, Symbotic forecasts first-quarter fiscal 2025 revenue between $495 million and $515 million, compared to the $495.73 million estimate, with adjusted EBITDA projected between $27 million and $31 million.

Following the announcement, Symbotic shares surged 23.21% in after-hours trading, reaching $37.44.