---
schema_version: "secwatch.filing_event.v1"
accession: "0001837240-23-000112"
form_type: "8-K"
ticker: "SYM"
cik: "0001837240"
company_name: "Symbotic Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:18:52.041153+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Symbotic Q2 revenue surges 177% YoY to $266.9M; net loss widens to $55.4M

## Summary
- Revenue $266.9M vs $96.3M in prior-year quarter; net loss $55.4M vs $29.9M loss.
- Adjusted EBITDA loss improved to $11.2M from $26.2M loss a year ago.
- Cash, equivalents, restricted cash and securities $464.6M, up $17.1M QoQ.
- Initiated seven new system deployments, completed one; restructuring charge $8.4M from Montreal closure.
- Q3 fiscal 2023 guidance: revenue $245M-$265M; adjusted EBITDA loss $11M-$8M.

## SEC filing metadata
- accession: 0001837240-23-000112
- form_type: 8-K
- ticker: SYM
- cik: 0001837240
- company_name: Symbotic Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000183724023000112/0001837240-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000183724023000112/sym-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837240-23-000112
- JSON: https://secwatch.observer/filing/0001837240-23-000112.json
- Plain text: https://secwatch.observer/filing/0001837240-23-000112.txt

## Key facts
- Earnings Releases
  Symbotic Inc. reported second fiscal quarter ended March 25, 2023 results: revenue $266.9 million, net income $55.4 million.
  - Period: second fiscal quarter ended March 25, 2023
  - Revenue: $266.9 million
  - Net income: $55.4 million
  - Result: reported results
  source text: Symbotic posted revenue of $266.9 million, a net loss of $55.4 million and an adjusted EBITDA loss 1 of $11.2 million for the second quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000183724023000112/0001837240-23-000112-index.htm
- Earnings Releases
  Symbotic Inc. reported third quarter of fiscal 2023 results: revenue $245 million to $265 million. Guidance initiated.
  - Period: third quarter of fiscal 2023
  - Revenue: $245 million to $265 million
  - Guidance: initiated
  - Result: guidance update
  source text: For the third quarter of fiscal 2023, Symbotic expects revenue of $245 million to $265 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000183724023000112/0001837240-23-000112-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.