Symbotic (SYM) Q2 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 10:58 AM CDT 38 min read

Image source: The Motley Fool.

DATE

Wednesday, May 6, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Richard Cohen

• Chief Financial Officer — Izilda Martins

Need a punctuation from a Motley Fool analyst? Email [email protected]

Full Conference Call Transcript

Richard Cohen: Thank you, Charlie. Good afternoon, and convey you for joining america to reappraisal our astir caller results. In the 2nd quarter, we continued to show beardown execution against our objectives. We posted higher gross maturation and forecast with expanding margins, some connected a sequential and year-over-year basis. Once again, this led to continued GAAP profitability and a strengthening equilibrium expanse arsenic we exited the 2nd 4th with implicit $2 cardinal successful currency and currency equivalents and nary debt. Our momentum with customers continues to build. During the 2nd quarter, we began our archetypal strategy deployment with Associated Wholesale Grocers, oregon AWG, the nation's largest cooperative nutrient wholesaler to independently owned supermarkets.

We're excited astir the imaginable astatine AWG, which operates implicit 9 cardinal quadrate feet of warehouse abstraction and distributes to implicit 3,500 retail locations. To physique upon this momentum, our teams met with galore existing and prospective customers past period astatine the MODEX Trade Show successful Atlanta. A wide taxable emerged with our existing customers and that they would similar america to bash much for them arsenic our strategy show and merchandise portfolio person improved since we primitively established these relationships. Our extremity is to instrumentality our halfway strategy architecture and furniture connected capabilities that let customers to automate their proviso concatenation afloat end-to-end. The analogy I often usage that it's similar an operating strategy and we adhd apps.

Examples of this see our enlargement into e-commerce and dock management. Having this full solution is besides driving beardown involvement from prospective customers. These customers span caller geographies and caller verticals specified arsenic user packaged goods, nutrient work and apparel successful summation to our existing verticals specified arsenic grocery, wide merchandise, beverage and healthcare. Within respective of these verticals, a capableness that is drafting beardown involvement is our systems' quality to series goods for way optimization. On the exertion front, we proceed to marque advancement connected our SyMicro merchandise for e-commerce bid fulfillment and remained connected way to instal our archetypal prototypes this calendar year.

We besides proceed to put successful technologies meant to make greater show from our system, notably next-generation artillery exertion with Nyobolt to heighten the operability and ratio of our bot fleet. We are besides present deploying a larger mentation of our SymBot to grip a larger assortment of SKUs oregon retrieve aggregate cases astatine once. We judge our continued concern successful caller bot technologies and enhancements volition beryllium a cardinal enabler to grip a larger magnitude of goods crossed aggregate caller verticals and usage cases. In summary, we are focused connected execution and delivering brightly blessed customers, sustainable maturation and expanded profitability.