Symbotic Stock Slips Despite Q2 Profit: $22.7 Billion AI Robotics Backlog Faces Walmart Test
Symbotic Inc. shares fell Thursday, trading around $59.78—off roughly 2.3%—after the warehouse robotics maker reported a $9 million net profit and $676 million in revenue for its fiscal second quarter, which ended March 28. Symbotic left its $22.7 billion backlog unchanged and projected increased revenue for the current quarter.