Symbotic : Investor Presentation May 2026

Published: 2026-05-06 16:13:22 ET SYM

Published on 05/06/2026 at 04:13 pm EDT

Investor Presentation

May 6, 2026

OUR VISION

Reimagine the Supply Chain® with Artificial Intelligence and Robotics and Transform the Distribution Network into a Strategic Asset

Addressing Existential Threats

EXISTENTIAL THREATS

LABOR PRESSURES

EVOLVING OMNI-CHANNEL STRATEGIES

SKU PROLIFERATION

ADDRESSED BY

SYMBOTIC'S

A.I. POWERED AUTOMATION

AI-Enabled, Tech Platform to Transform the Supply Chain

Upstream Suppliers Distribution Centers Last Mile

Eaches

In-store

Cases

eCommerce

Pallets

SYMBOTIC

Store Pickup

Factory Delivery

Fully integrated AI / software platform drives actionable insights from goods and location data to improve inventory optimization and order accuracy

Symbotic at a Glance

Key Operating Metrics

Systems in Deployment

Operational Systems

Named Customers

Key Financial Metrics

1 LTM as of Q2 2026. 2 As of Q2 2026.

3 As of FY25. Free Cash Flow defined as net cash provided by or used in operating activities less purchases of property and equipment and capitalization of internal use software development costs. See GAAP to Non-GAAP Reconciliations on Slides 24-25.

YoY Revenue Growth1

Gross Margins1

Total Backlog2

Free Cash Flow3

Large Addressable Markets

"In-House"

$432B1

One-time system sales and recurring software in operator-owned warehouses

"Outsourced"

$500B+3

Incremental annual warehouse-as-a-service opportunity

Micro-Fulfillment

$300B+

Estimated U.S. micro-fulfillment opportunities (one-time system sale and recurring software)

1 Current Symbotic SAM represents the aggregate across SAM-1 (U.S. general merchandise, ambient food & grocery, apparel), SAM-2 (U.S. CPG non-food, home improvement, auto parts, 3PL, non-ambient food) and SAM-3 (remaining U.S. verticals, all Canadian & European verticals), based on third-party consultant and company estimates. 2 GreenBox Systems LLC (which is currently doing business as Exol), Symbotic owns 35% through joint venture with SoftBank 3 Annual U.S. case throughput based on third-party consultant estimates as of July 2023. 4Based on $2.6T of U.S. online retail sales forecast in 2030 by CapitalOne Shopping Research (December 2024 report) with 50% of eCommerce orders fulfilled by stores using a Symbotic automation system and the corresponding one-time system revenue and 15 years of software revenue.

Automated Distribution Center System

Symbotic's systems

are modular and can be installed around ongoing warehouse operations and be expanded over time to support growth.

Solution Differentiators

A.I. Powered Software

Turnkey Retrofit Solution

Autonomous Bots

IMPROVED

Modular System Design

Unique System Architecture

Case Level Storage

Native Case Handling

EFFICIENCY SPEED FLEXIBILITY DENSITY ACCURACY

Symbotic Distribution Center System Components

Automated Storage

Case picking and storage

Storage Structure

Transfer Deck

Inventory Lifts

SymBots

BreakPack add-on for each picking and storage

Inbound / Outbound Cells

Automated order processing

Robotic depalletizing

Intake and case scanning

Robotic smart pallet build

A.I.-Powered Software

Optimizes tasks for enhanced operations

Next Gen Storage Structure Design - Announced August 2025

Higher Density

Innovative design provides ultra-high density for increased storage capacity and/or reduced footprint

Enables shorter and faster bot trips per case delivery

Rapid Assembly

Pre-assembled components for faster implementation

Enhanced Safety

Pre-engineered safety features

Integrated fire suppression and improved seismic adaptability

BreakPack: Cases to Eaches

Attaches to case picking system

Manages less-than-case order quantities, allowing downstream replenishment of both case-and-each quantities

Bringing Automation to the Last Mile, Enabling eCommerce

Patents Issued1

Cumulative R&D Spend1

R&D Development

Innovation

is in our DNA

Patents Issued or Pending1: 1,000+

$125+ Million Annual R&D Budget1

On a Journey Toward

7 SIGMA

1 As of FY25

Upstream: Distribution Centers Downstream: Order Fulfillment

Legacy Alternatives Point Solutions

Largest

U.S. Wholesale Grocery Distributor1

2nd Largest

U.S. Supermarket Chain by Revenue2

World's Largest Company

by Revenue3

Joint Venture between

Symbotic and SoftBank

6 year, ~$11B contract Symbotic 35% ownership Unlocks $500B+ annual TAM

Owned & Operated Model As-a-Service Model

1 Source: Forbes Magazine, December 2022. Note: Symbotic and C&S share common control through the Cohen family.

2 Source: IBIS World, "Supermarkets & Grocery Stores in the US" (March 2025)

3 Source: The 2025 Fortune Global 500 (August 2025)

Comprehensive, AI-enabled, SKU-agile warehouse automation system with integrated

omni-channel

Highly visible growth profile with

$22.7B1 of contracted backlog with blue-chip customers

1 As of Q2 2026

Leadership position targeting large market opportunities

Long-Term Growth Strategy

MULTIPLE VECTORS FOR POTENTIAL GROWTH

WALMART

C&S ALBERTSONS

SOUTHERN GLAZERS MEDLINE

GROCERY

GENERAL MERCHANDISE

BEVERAGE HEALTH CARE

3PL APPAREL CPG

HOME IMPROVEMENT AUTO PARTS

EXOL

Parts and Services

Symbotic Sells Highly Advanced AI-powered Supply Chain Automation Systems with Supporting Software and Maintenance Services over 15-Year Contracts,1 Creating Long-Term Recurring Revenue Streams

Systems

Capital Asset Sale Revenue Spread Over ~2 Years

Milestone Payments

Required to Use System

Software

Annual Recurring, High Margin Revenue Long-Term Contracts

Ad Hoc Support

1 Substantial majority of Symbotic customer contracts.

Annual Software Subscription and material Operation Services Start when the System is Operational

Key Highlights

AI-Enabled Technology Platform with Transformational Impact on Supply Chain Economics

Disrupting Large Addressable Markets with Secular Long-Term Tailwinds

Deep Relationships with Blue-Chip Customers and $22.7B1 Contracted Backlog

Strong Track Record of Scaling and Visionary Leadership for Symbotic's Future

1 As of Q2 2026

Visible growth profile at scale

Highly visible growth underwritten by ~$22.7B1 contracted backlog

High margin, annual recurring revenue base building over time from software, parts, and services

Generating positive EBITDA with margin upside

Strong balance sheet and free cash flow generation2

1 As of Q2 2026

2 Free Cash Flow defined as net cash provided by or used in operating activities less purchases of property and equipment and capitalization of internal use software development costs. See GAAP to Non-GAAP Reconciliations on Slides 24-25.

Total Revenue ($M)

GAAP Net Income (Loss) - $M

Systems in Deployment

(10)

(9)

13 70

676

618

630

592

550

(21)

Q225 Q325 Q425 Q126 Q226 Q225 Q325 Q425 Q126 Q226

Adj. EBITDA ($M)

Operational Systems

51 52

Q225 Q325 Q425 Q126 Q226

Appendix

Three Months Ended

(in thousands)

March 2G, 2025

June 28, 2025

September 27, 2025

December 27, 2025

March 28, 2026

Net income (loss)

(9,852)

(21,174)

(8,969)

13,358

9,429

Interest income

(7,229)

(8,373)

(8,085)

(11,600)

(10,906)

Income tax expense (benefit)

(1,397)

(423)

615

572

Depreciation and amortization

11,169

12,940

8,648

8,693

11,322

Stock-based compensation

36,376

39,527

43,671

44,118

57,188

Business combination transaction expenses

3,298

422

710

Equity method investment

2,490

3,776

5,885

5,799

6,945

Internal control remediation

2,175

1,795

1,360

2,415

1,931

Business transformation costs

2,400

1,210

2,531

550

Fair value adjustments on strategic investments

(4,481)

(1,661)

Restructuring charges

(231)

16,361

6,103

2,624

Adjusted EBITDA

34,718

45,393

49,440

66,903

77,753

Non-GAAP Financial Measures

Information contained in this presentation is unaudited and subject to change. This presentation contains financial measures that are not recognized under U.S. GAAP, including adjusted EBITDA and free cash flow. These non-GAAP financial measures have limitations as an analytical tool as they do not have a standardized meaning prescribed by U.S. GAAP. The non-GAAP financial measures Symbotic uses may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies and, therefore, are unlikely to be comparable to similar measures presented by other companies. Rather, these non-GAAP financial measures are provided as a supplement to corresponding U.S. GAAP measures to provide additional information regarding the results of operations from management's perspective. Accordingly, non-GAAP financial measures should not be considered a substitute for, in isolation from, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. All non-GAAP financial measures presented in this presentation are reconciled to their closest reported U.S. GAAP financial measures. Symbotic recommends that investors review the reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures provided in the financial statement tables included in this presentation, and not rely on any single financial measure to evaluate its business.

Symbotic defines adjusted EBITDA, a non-GAAP financial measure, as GAAP net income (loss) excluding the following items: interest income; income taxes; depreciation and amortization of tangible and intangible assets; stock-based compensation; business combination transaction expenses; equity method investment; internal control remediation; business transformation costs; fair value adjustments on strategic investments; restructuring charges; and other infrequent items that may arise from time to time. Symbotic defines free cash flow, a non-GAAP financial measure, as net cash provided by or used in operating activities less purchases of property and equipment and capitalization of internal use software development costs. In addition to Symbotic's financial results determined in accordance with U.S. GAAP, Symbotic believes that adjusted EBITDA and free cash flow non-GAAP financial measures are useful in evaluating the performance of Symbotic's business because they highlight trends in its core business.

Year Ended

(in thousands)

September 27, 2025

September 28, 2024

September 30, 2023

September 24, 2022

September 25, 2021

Net cash provided by (used in) operating activities

866,939

(58,077)

230,794

(148,247)

109,567

Purchases of property and equipment and capitalization of internal use software development

(79,030)

(44,374)

(21,326)

(17,950)

(12,168)

costs

Free cash flow

787,909

(102,451)

209,468

(166,197)

97,399

Non-GAAP Financial Measures

Disclaimer

Symbotic Inc. published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 20:12 UTC.