Symbotic Soars 20%+ After Hours as Robotics-Tech Firm Beats on Fiscal Q4 Earnings and Revenues

SYM gained 20.5% to $36.81 shortly before 4:30 p.m. ET after reporting that GAAP earnings came in at $0.05 a share on $576.8 million of revenues in the three months ended Sept. 28. That exceeded the $0.03 EPS and $470.3 million that analysts had reportedly expected.

For the fiscal year as a whole, Symbotic – which creates AI-powered robotic-automation technology for supply chains – reported a $0.08 net loss per share on $1.8 billion of revenues.

"I'm pleased with our performance this [fiscal] year, as our focus on innovation and customer success has delivered robust growth," Chairman and CEO Rick Cohen said in a statement releasing the latest figures. "We look forward to building on this momentum and continuing to deliver exceptional results and value for our stakeholders in the year ahead."

Symbotic also guided fiscal Q1 2025 to $495 million-$515 million in revenues and $27 million-$31 million in adjusted EBITDA.

Meanwhile, the company announced plans to restate results for fiscal 2024's three previous quarters.

Management said in a statement that while preparing figures for the full fiscal year, "we identified occurrences during fiscal year 2024 where goods and services, primarily relating to specific milestone achievements, were expensed prior to the time that the corresponding milestones were achieved. This resulted in the acceleration of the recognition of cost of revenue."

However, Symbotic added that the problem only occurred in fiscal 2024 and just represented "timing differences between quarters, with no impact to full-year fiscal year 2024 results."