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Symbotic reports quarterly revenue of $720 million, with Walmart contributing 90%
2 reports · 2 sources
Symbotic achieved revenue of $720.8 million and net income of $55 million in the quarter ended June 27, 2026, with its largest customer, Walmart and its affiliates, contributing 90.5% of revenue. This concentration stems from the Walmart store-level APD system agreement completed in January 2025: Walmart committed $520 million in development funding, while Symbotic paid $200 million to acquire its robotics business and accepted delivery obligations including a cap on the number of similar APD systems sold externally.
Report timeline
- Lessons for robotics companies from Symbotic's anchor-customer partnership with Walmart
For the quarter ended June 27, 2026, Symbotic reported revenue of $720.8 million and net income of $55 million, with Walmart, referred to as "Customer A," contributing 90.5% of revenue.
Automated Warehouse ·
- Symbotic's Walmart growth offers lessons for robotics startups on anchor customers
Symbotic reported quarterly revenue of $720.8 million and net profit of $55 million for the quarter ended June 27, 2026, with its largest customer, Walmart, and its affiliates contributing 90.5% of revenue. Under the store-level APD system agreement completed in January 2025, Walmart committed $520 million in development funding, while Symbotic paid $200 million to acquire Walmart's robotics business and accepted delivery obligations including a cap on the number of similar APD systems it may sell to outside customers.
The Robot Report ·