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Symbotic (SYM)

Symbotic Inc. is a company focused on developing, commercializing, and deploying innovative technology solutions to enhance supply chain operations. The company automates the processing of pallets and cases in large warehouses or distribution centers, primarily serving some of the largest retail companies globally. Symbotic's offerings include fully autonomous robots controlled by AI-enabled software, which aim to improve operations at the front end of the supply chain.

  1. Systems - Deploys warehouse automation systems that connect producers of goods to end users, addressing mismatches in quantity, timing, and location while reducing costs.
  2. Operation Services - Provides operational support and spare parts sales to maintain and enhance the functionality of deployed systems.
  3. Software Maintenance and Support - Offers software-related services for operational systems to ensure continuous and efficient operation.

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NamePositionExternal RolesShort Bio

Richard B. Cohen

ExecutiveBoard

Chairman and CEO

Executive Chairman of C&S Wholesale Grocers, Inc.

Richard B. Cohen has extensive experience in wholesale distribution and automation, leading Symbotic Inc. since June 2022, and became CEO on November 19, 2022.

View Report →

Carol Hibbard

Executive

CFO and Treasurer

None

Carol Hibbard has over 25 years of finance and accounting leadership experience, previously holding senior roles at The Boeing Company.

Charles Kane

Board

Director

Director at Alkami Technology, Inc. and Progress Software Corp.; Lecturer at MIT Sloan School of Management

Charles Kane has extensive experience as a senior executive officer and serves on multiple boards, contributing his expertise in financial management.

Daniela Rus

Board

Director

Professor and Director at MIT CSAIL; Various advisory roles

Daniela Rus is a leading expert in robotics and AI, serving as a professor at MIT and holding numerous advisory positions.

Merline Saintil

Board

Director

Board member at GitLab Inc., Evolv Technologies Holdings, Inc., Rocket Lab USA, Inc., TD SYNNEX Corporation, and Lightspeed Commerce Inc.

Merline Saintil has extensive expertise in technology and digital transformation, serving on multiple boards of public companies.

Rollin Ford

Board

Director

Boards of Mercy Health System, John Brown University, and AT Kearney

Rollin Ford has been a director at SYM since June 2022 and holds various board positions outside of SYM.

Todd Krasnow

Board

Director

Director at Ecentria and Kids2 Inc.; Advisory board member at C&S Wholesale Grocers

Todd Krasnow has a strong background in marketing and leadership, serving as President of Cobbs Capital, Inc. and holding various board positions.

Vikas Parekh

Board

Director

Managing Partner at SoftBank Investment Advisers

Vikas Parekh focuses on investing in enterprise software and emerging technologies, holding director seats across public and private markets.

  1. Given that you haven't yet achieved your target gross margins and are focusing on improving schedules and cost performance, can you provide specific timelines and actions you are taking to reach your desired gross margin levels?

  2. Despite record system deployments and starts in Q4, your Q1 revenue guidance implies a sequential decline; can you explain the factors contributing to this volatility and how you plan to ensure more consistent revenue growth?

  3. With the significant capital investment in the Georgia GreenBox facility without an anchor tenant, how confident are you in securing customers, and what is your plan if customer acquisition takes longer than expected?

  4. Progress in penetrating the European market appears limited; what specific challenges are you encountering in Europe, and what strategies are you implementing to accelerate your international expansion?

  5. Regarding the $11 billion order commitment with SoftBank for GreenBox by 2029, how confident are you in achieving this target, and what are the key risks that could impact fulfilling this commitment?

Research analysts who have asked questions during Symbotic earnings calls.

Derek Soderberg

Cantor Fitzgerald

4 questions for SYM

Also covers: AMPX, ARRY, ECX +8 more

Greg Palm

Craig-Hallum Capital Group LLC

4 questions for SYM

Also covers: ALNT, BELFA, BV +15 more

Andrew Kaplowitz

Citigroup

3 questions for SYM

Also covers: ACM, AOS, APG +29 more

Colin Rusch

Oppenheimer & Co. Inc.

3 questions for SYM

Also covers: AEVA, ALB, AMPX +21 more

Guy Hardwick

Freedom Capital Markets

3 questions for SYM

Also covers: APH, PI, SCSC +4 more

Joseph Giordano

TD Cowen

3 questions for SYM

Also covers: ABLZF, APH, ASAI +20 more

Kenneth Newman

KeyBanc Capital Markets

3 questions for SYM

Also covers: AIT, BOOM, FAST +8 more

Mark Delaney

The Goldman Sachs Group, Inc.

3 questions for SYM

Also covers: APH, APTV, AUR +22 more

Matt Summerville

D.A. Davidson & Co.

3 questions for SYM

Also covers: ALTG, AME, AOS +17 more

Mike Latimore

Northland Capital Markets

3 questions for SYM

Also covers: AI, AXON, CTLP +22 more

Nicole DeBlase

BofA Securities

3 questions for SYM

Also covers: CTOS, EMR, ETN +13 more

Robert Mason

Robert W. Baird & Co.

3 questions for SYM

Also covers: AEIS, AME, ATMU +12 more

Damian Karas

UBS

2 questions for SYM

Also covers: AOS, CGNX, CR +13 more

James Ricchiuti

Needham & Company, LLC

2 questions for SYM

Also covers: AEIS, BELFA, BHE +20 more

Ross Sparenblek

William Blair & Company

2 questions for SYM

Also covers: ELAN, EPAC, JBT +7 more

Ken Newman

KeyBanc Capital Markets

1 question for SYM

Also covers: AIT, BOOM, CGNX +8 more

Michael Atanacio

TD Cowen

1 question for SYM

Natalie Back

Citigroup

1 question for SYM

Robert Jamieson

Vertical Research Partners

1 question for SYM

Also covers: BDC, KEYS, RAL +2 more

Rob Mason

Baird

1 question for SYM

Will Bryant

Goldman Sachs

1 question for SYM

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

Walmart Advanced Systems & Robotics Inc. (WASR)

2025

Deal Value/Structure: Symbotic acquired WASR through a Purchase and Sale Agreement with an initial cash payment of $200 million and additional deferred cash up to $350 million based on performance milestones. Strategic Rationale & Key Assets: The acquisition, coupled with a Master Automation Agreement to deploy 400–600 APDs and secured R&D fees totaling $520 million, is designed to significantly expand Symbotic’s market reach and enhance its backlog by over $5 billion.

OhmniLabs, Inc.

2024

Deal Value/Structure: Completed on December 3, 2024, the transaction was structured as an Asset Purchase Agreement for approximately $13.0 million. Strategic Rationale & Key Assets: This deal allowed Symbotic to acquire select assets and liabilities from OhmniLabs, aligning with its broader technological strategy while accounting the transaction as an asset acquisition.

Veo Robotics, Inc.

2024

Deal Value/Structure: Acquired via an asset purchase on July 19, 2024, for $8.7 million. Strategic Rationale & Key Assets: The acquisition brought in valuable intellectual property related to safety and access technologies along with the entire Veo Robotics team, enhancing Symbotic’s mobile robotics capabilities.

Symbotic Holdings LLC and Warehouse Technologies LLC

2022

Deal Value/Structure: This completed business combination involved a series of mergers and share conversions with SVF Investment Corp. 3, including the issuance of 175,402,713 OpCo Units and contingent Earnout Interests up to 6,908,643 units. Strategic Rationale & Key Assets: The transaction consolidated Symbotic’s warehouse automation technologies under a publicly traded entity, streamlining operations and integrating key capabilities from both companies.

Recent press releases and 8-K filings for SYM.

Symbotic Reports Strong Q3 2025 Results and Debuts Next-Gen Storage Structure
·$SYM
Earnings
Product Launch
CFO Change
  • Symbotic reported strong Q3 2025 financial results, with revenue increasing 26% year-over-year to $592 million and Adjusted EBITDA reaching $45 million, a significant increase from $3 million in Q3 2024.
  • The company debuted its next-generation storage structure, which substantially increases storage density, reduces on-site assembly parts by over 90%, and is expected to accelerate deployment, enhance scalability, and support higher margins. Projects including this new structure began signing in Q3.
  • Symbotic's backlog remained strong at $22.4 billion.
  • For Q4 2025, Symbotic expects revenue between $590 million and $610 million and Adjusted EBITDA between $45 million and $49 million. The transition to the new storage structure is anticipated to make quarter-over-quarter sequential revenue growth less pronounced in Q4 2025 and potentially impact 2026 deployment schedules.
  • Carol Hibbert is transitioning out as CFO, with Izzy Martins becoming the new CFO effective August 9.
Aug 7, 2025, 3:35 PM
Symbotic Unveils Next-Generation Storage Technology
·$SYM
Product Launch
New Projects/Investments
  • Symbotic Inc. has announced the commercial availability of its innovative next-generation storage technology designed to enhance its warehouse automation system.
  • This new technology can reduce customers' storage footprint by up to 40% and significantly increase storage capacity.
  • It is engineered for rapid deployment, reducing the number of on-site assembly parts by over 90% and lowering system implementation time.
  • Key benefits include enhanced case handling speed, improved fire suppression, seismic adaptability, and reduced site readiness costs.
Aug 5, 2025, 11:00 AM
Symbotic Announces CFO Transition Plan
·$SYM
CFO Change
Management Change
  • New CFO Appointment: Izzy Martins is appointed as Chief Financial Officer, set to begin on July 1, 2025, with effective CFO responsibilities starting August 9, 2025.
  • Planned Transition: Outgoing CFO Carol Hibbard will remain through the end of the calendar year to ensure a smooth transition.
Jun 9, 2025, 12:00 AM
[Symbotic Q2 2025 Earnings & Q3 Guidance Reflect Operational Momentum]
·$SYM
Earnings
M&A
Guidance Update
Revenue Acceleration/Inflection
  • Q2 2025 results: Revenue increased 40% year-over-year to $550 million, with a net loss of $21 million and adjusted EBITDA of $35 million
  • Q3 2025 outlook: Expected revenue between $520 million and $540 million and adjusted EBITDA of $26-30 million
  • Achieved 46 system deployments and operational improvements, driving robust financial performance
  • Advanced the product portfolio through the acquisition of Walmart ASR, reinforcing market positioning
  • Maintained a backlog of nearly $23 billion, underpinning sustained future growth
May 7, 2025, 9:01 PM