---
schema_version: "secwatch.filing_event.v1"
accession: "0001837240-24-000031"
form_type: "8-K"
ticker: "SYM"
cik: "0001837240"
company_name: "Symbotic Inc."
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:20:09.425570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Symbotic Q1 revenue $369M (+79% YoY); net loss narrows to $13M; guides Q2 $400M-$420M

## Summary
- Revenue $369M, up 79% from $206M in Q1 FY2023; net loss $13M vs $68M loss a year ago.
- Adjusted EBITDA turned positive at $14M, compared to a $16M loss in prior year quarter.
- Cash, equivalents, restricted cash and marketable securities increased $129M to $677M.
- Initiated 5 system deployments, completed 3 systems in the quarter.
- Q2 FY2024 guidance: revenue $400-$420M and adjusted EBITDA $12-$15M.

## SEC filing metadata
- accession: 0001837240-24-000031
- form_type: 8-K
- ticker: SYM
- cik: 0001837240
- company_name: Symbotic Inc.
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000031/0001837240-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000031/sym-20240205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001837240-24-000031
- JSON: https://secwatch.observer/filing/0001837240-24-000031.json
- Plain text: https://secwatch.observer/filing/0001837240-24-000031.txt

## Key facts
- Earnings Releases
  Symbotic Inc. reported first fiscal quarter of 2024 ending December 30, 2023 results: revenue $369 million, net income a net loss of $13 million.
  - Period: first fiscal quarter of 2024 ending December 30, 2023
  - Revenue: $369 million
  - Net income: a net loss of $13 million
  - Result: reported results
  source text: in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2024 ending December 30, 2023. Symbotic posted revenue of $369 million, a net loss of $13 million and adjusted EBITDA 1 of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $206 million, a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000031/0001837240-24-000031-index.htm

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