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Robert W. Baird downgraded Symbotic from Outperform to Neutral and set a new price target of $55.00

Arete downgraded Symbotic from Buy to Neutral and set a new price target of $50.00

Deutsche Bank downgraded Symbotic from Buy to Hold and set a new price target of $51.00

Arete initiated coverage of Symbotic with a rating of Buy and set a new price target of $50.00

Raymond James downgraded Symbotic from Outperform to Mkt Perform

Oppenheimer initiated coverage of Symbotic with a rating of Outperform and set a new price target of $35.00

Citigroup resumed coverage of Symbotic with a rating of Buy and set a new price target of $37.00

DA Davidson upgraded Symbotic from Neutral to Buy and set a new price target of $35.00

Craig Hallum downgraded Symbotic from Buy to Hold and set a new price target of $25.00

KeyBanc Capital Markets downgraded Symbotic from Overweight to Sector Weight

WILMINGTON, Mass., June 09, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Izzy Martins as Chief Financial Officer, effective August 9, 2025. Martins will join Symbotic as CFO-designate on July 1, 2025, succeeding Carol Hibbard who will depart to explore other opportunities. Hibbard will remain with the company through the end of the calendar year to ensure a smooth transition. Martins brings more than 20 years of financial and business leadership experience to Symbotic, most recently serving as Executive Vice President and Chief Financial Officer at Avis Budget Group, Inc., where s

WILMINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Eric Branderiz to its Board of Directors, effective May 14, 2025. Mr. Branderiz joins Symbotic's Board following a nearly 30-year career in public and private company finance and accounting, including in high-growth environments in industrial technology. Most recently, he served as Executive Vice President and Chief Financial Officer at Enphase Energy. Prior to Enphase Energy, Mr. Branderiz was Vice President, Corporate Controller and Chief Accounting Officer at Tesla. He has held senior finance and accounting r

WILMINGTON, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Dr. James Kuffner as Chief Technology Officer (CTO), effective January 1, 2025, in line with the retirement of George Dramalis, Symbotic's former CTO. In his new role, Kuffner will be responsible for continuing to advance Symbotic's technologies and solutions to drive Symbotic's strategic long-term growth. "James has more than 30 years of leadership experience in robotics. He has helped forge groundbreaking technological advances at Toyota, Google and Carnegie Mellon University's Robotics Institute," said Ric

WILMINGTON, Mass., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has filed a Notification of Late Filing on Form 12b-25 with respect to the Annual Report on Form 10-K for the fiscal year ended September 28, 2024. Symbotic has determined that it is unable to file its Annual Report on Form 10-K for the fiscal year ended September 28, 2024 by the prescribed filing due date, without unreasonable effort or expense, because the Company requires additional time to complete its assessment of the financial impacts of correcting an error related to system revenue recognition and the impa

WILMINGTON, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its fourth fiscal quarter and fiscal year ended September 28, 2024. Symbotic posted revenue of $577 million, net income of $28 million and adjusted EBITDA1 of $55 million for the fourth quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million. Cash, cash equivalents and marketable securities on hand decreased by $143 million from the prior quarter to $727 million at the end of the fourth quarter. For the full f

WILMINGTON, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its third fiscal quarter of 2024 ended June 29, 2024. Symbotic posted revenue of $492 million, a net loss of $14 million and adjusted EBITDA1 of $15 million for the third quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss1 of $3 million. Cash, cash equivalents and marketable securities on hand decreased by $81 million from the prior quarter to $870 million at the end of the third quarter. "Symbotic continues to i

WILMINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second fiscal quarter of 2024 ended March 30, 2024. Symbotic posted revenue of $424 million, a net loss of $41 million and adjusted EBITDA¹ of $22 million for the second quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $267 million, a net loss of $55 million and an adjusted EBITDA loss¹ of $11 million. Cash, cash equivalents and marketable securities on hand increased by $276 million from the prior quarter to $951 million at the end of the second quarter. "This past quarter

WILMINGTON, Mass., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader 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 EBITDA1 of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $206 million, a net loss of $68 million and an adjusted EBITDA loss1 of $16 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $129 million from the prior quarter to $677 million at the end of the first quarter.

WILMINGTON, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. Symbotic posted revenue of $392 million, a net loss of $45 million and adjusted EBITDA1 of $13 million for the fourth quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $244 million, a net loss of $53 million and an adjusted EBITDA loss1 of $20 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $35 million from the prior quarter of 2023, to $548 million at the end of the

Achieved Record Revenue and Operating Margin Cash, Cash Equivalents, Restricted Cash and Marketable Securities Reach $513 Million GreenBox Joint Venture Doubles Addressable Market & Increases Order Backlog To $23 Billion WILMINGTON, Mass., July 31, 2023 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced financial results for its third fiscal quarter ended June 24, 2023. Symbotic posted revenue of $312 million, a net loss of $39 million and an adjusted EBITDA loss1 of $3 million for the third quarter of fiscal 2023. In the same quarter of fiscal 2022, Symbotic had revenue of $176 million, a net loss of $33 mi

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WILMINGTON, Mass., July 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2025 financial results after the market close on Wednesday, August 6, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q3-2025. The webcast will be available for replay on the Symbotic Investor Relations website at: www.ir.s

WILMINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2025 financial results after the market close on Wednesday, May 7, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2025 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela

WILMINGTON, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) --  Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has both completed the acquisition of the Advanced Systems and Robotics business from Walmart (NYSE:WMT) and signed the related commercial agreement with Walmart covering the development and deployment of automation systems for Accelerated Pickup and Delivery centers ("APDs") at Walmart stores (the "Commercial Agreement"). Walmart has chosen Symbotic to develop, build and deploy an advanced solution leveraging Symbotic's A.I.-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerat

WILMINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release first quarter fiscal 2025 financial results after the market close on Wednesday, February 5, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q1-2025 for a personal access code. The webcast will be available for replay on the Symbotic Inve

WILMINGTON, Mass., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced that it has completed the acquisition of OhmniLabs, a Silicon Valley-based innovator in the field of robotics solutions for health care. "Combining Symbotic's expertise in large-scale automation with OhmniLabs' ground-breaking mobile robots, vision and A.I. solutions will enable the development of unparalleled automation innovations across different settings," said Rick Cohen, Executive Chairman and CEO of Symbotic. "We were drawn to OhmniLabs for its impressive talent and industry experience that will enable our expansion beyo

WILMINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release fourth quarter and fiscal year 2024 financial results after the market close on Monday, November 18, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter and fiscal year 2024 at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q4-2024 for a personal access code. The webcast will be available for repl

WILMINGTON, Mass., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced it has acquired substantially all of the assets of Veo Robotics, an innovator in intelligent safeguarding for industrial robots. Assets purchased under this agreement include the FreeMove® 3D depth-sensing computer vision system for industrial workcells and all related intellectual property. By integrating FreeMove into its robotic warehouse automation system, Symbotic expects to increase productivity with more dynamic, flexible human-machine collaboration. "The innovative FreeMove vision system allows Symbotic to enhance productivit

WILMINGTON, Mass., July 15, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2024 financial results after the market close on Monday, July 29, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q3-2024 for a personal access code. The webcast will be available for replay on the Symbotic Investor Relat

WILMINGTON, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2024 financial results after the market close on Monday, May 6, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2024 for a personal access code. The webcast will be available for replay on the Symbotic Investor Relatio

WILMINGTON, Mass., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release first quarter fiscal 2024 financial results after the market close on Monday, February 5, 2024. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q1-2024 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela

WILMINGTON, Mass., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its third quarter of fiscal year 2025, which ended on June 28, 2025. Symbotic reported revenue of $592 million, a net loss of $32 million and adjusted EBITDA1 of $45 million for the third quarter of fiscal year 2025. In comparison, Symbotic posted revenue of $470 million, a net loss of $27 million and adjusted EBITDA1 of $3 million in the third quarter of fiscal year 2024. Cash and cash equivalents decreased by $177 million from the prior quarter, totaling $778 million at the end of the third quarter of fiscal

Innovative Design Provides Ultra-High Density for Increased Storage Capacity and/or Reduced FootprintDenser Storage Enables Shorter and Faster Bot Trips per Case DeliveryPre-Assembled Components Deliver Faster Implementation in Customer Sites, Accelerating Time to Value WILMINGTON, Mass., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the commercial availability of its innovative next-generation storage technology. Designed to significantly enhance the performance of its industry-leading warehouse automation system, the new structure is engineered to deliver substantially increased storage ca

WILMINGTON, Mass., July 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2025 financial results after the market close on Wednesday, August 6, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q3-2025. The webcast will be available for replay on the Symbotic Investor Relations website at: www.ir.s

WILMINGTON, Mass., June 09, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the appointment of Izzy Martins as Chief Financial Officer, effective August 9, 2025. Martins will join Symbotic as CFO-designate on July 1, 2025, succeeding Carol Hibbard who will depart to explore other opportunities. Hibbard will remain with the company through the end of the calendar year to ensure a smooth transition. Martins brings more than 20 years of financial and business leadership experience to Symbotic, most recently serving as Executive Vice President and Chief Financial Officer at Avis Budget Group, Inc., where s

WILMINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Eric Branderiz to its Board of Directors, effective May 14, 2025. Mr. Branderiz joins Symbotic's Board following a nearly 30-year career in public and private company finance and accounting, including in high-growth environments in industrial technology. Most recently, he served as Executive Vice President and Chief Financial Officer at Enphase Energy. Prior to Enphase Energy, Mr. Branderiz was Vice President, Corporate Controller and Chief Accounting Officer at Tesla. He has held senior finance and accounting r

WILMINGTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its second quarter of fiscal year 2025, which ended on March 29, 2025. Symbotic posted revenue of $550 million, a net loss of $21 million and adjusted EBITDA1 of $35 million for the second quarter of fiscal year 2025. By comparison, in the second quarter of fiscal year 2024, Symbotic had revenue of $393 million, a net loss of $55 million and adjusted EBITDA1 of $9 million. Cash and cash equivalents increased by $52 million from the prior quarter to $955 million at the end of the second quarter of fiscal year 202

WILMINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release second quarter fiscal 2025 financial results after the market close on Wednesday, May 7, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date. To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q2-2025 for a personal access code. The webcast will be available for replay on the Symbotic Investor Rela

FARR WEST, Utah, March 6, 2025 /PRNewswire/ -- Associated Food Stores (AFS), a leading provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (NASDAQ:SYM) announced the successful activation of an ambitious warehouse modernization initiative at AFS' Utah distribution center. This milestone advances AFS' 85-year commitment to efficiency and service for nearly 500 independent grocers in the Intermountain West. Symbotic's end-to-end automation system, with robotic case pick capabilities, will allow AFS' distribu

WILMINGTON, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced financial results for its first fiscal quarter of 2025, ended December 28, 2024. Symbotic posted revenue of $487 million, a net loss of $19 million and adjusted EBITDA1 of $18 million for the first quarter of fiscal 2025. In the first quarter of fiscal 2024, Symbotic had revenue of $360 million, a net loss of $19 million and adjusted EBITDA1 of $8 million. Cash and cash equivalents increased by $176 million from the prior quarter to $903 million at the end of the first quarter of fiscal year 2025. "In the first quarter, we continue

WILMINGTON, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) --  Symbotic Inc. (NASDAQ:SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it has both completed the acquisition of the Advanced Systems and Robotics business from Walmart (NYSE:WMT) and signed the related commercial agreement with Walmart covering the development and deployment of automation systems for Accelerated Pickup and Delivery centers ("APDs") at Walmart stores (the "Commercial Agreement"). Walmart has chosen Symbotic to develop, build and deploy an advanced solution leveraging Symbotic's A.I.-enabled robotics platform to offer Walmart customers greater shopping convenience through accelerat