“Research and Development Expenses For the Three Months Ended Change March 28, 2026 March 29, 2025 Amount % (dollars in thousands) Research and development $ 51,283 $ 57,960 $ (6,677) (12) % Percentage of total revenue 8 % 11 % The decrease in research and dev…”10-Q · May 6, 2026 ↗
Symbotic Inc.
SYM
Market read
Symbotic Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
- Approximately $22.7 billion backlog as of March 28, 2026, with agreements with Walmart and Exol comprising the vast majority.
- Filing notes increased tariff expenses and states tariff regulations continue to evolve, partially offsetting Systems gross profit.
Invalidation: The isolated read changes if SYM's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Approximately $22.7 billion backlog as of March 28, 2026, with agreements with Walmart and Exol comprising the vast majority.
- Filing notes increased tariff expenses and states tariff regulations continue to evolve, partially offsetting Systems gross profit.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +25.7% year over year.
- Operating margin changed +1.4 percentage points in the latest annual period.
- Diluted shares increased 13.6% in the latest annual period.
- Product pipeline and R&D has repeated adverse evidence across 3 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
41.10Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Restructuring Charges For the Three Months Ended Change December 27, 2025 December 28, 2024 Amount % (dollars in thousands) Restructuring Charges $ 2,673 $ — $ 2,673 100 % Percentage of total revenue nil nil We incurred $2.7 million of restructuring charges f…”10-Q · Feb 4, 2026 ↗
“Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in scope of contracts, periodic revalidation, adjustments for revenue that have not materialized, adjustments for inflation,…”10-K · Nov 24, 2025 ↗
“The increase in Systems gross profit was further driven by continued strong project execution and cost discipline, partially offset by increased tariff expenses as tariff regulations continue to evolve, and increased warranty expense.”10-Q · May 6, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SYM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SYM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SYM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WMTWalmart Inc.customerMay 6, 2026 ▾
“Our systems are operational in a number of the world’s largest retailers, including Walmart, wholesale distributors, including C&S Wholesale Grocers, and are being deployed in GreenBox Systems LLC, which is now doing business as Exol (“Exol”), our warehouse-a…”
ACIAlbertsons Companies, Inc.customerNov 24, 2025 ▾
“Customers Customer Base We have a strong blue-chip customer base that includes some of the world’s largest retailers and wholesale grocers, including Walmart, Albertsons, our affiliate, C&S Wholesale Grocers, GreenBox, and Target.”
TGTTarget CorporationcustomerNov 24, 2025 ▾
“Customers Customer Base We have a strong blue-chip customer base that includes some of the world’s largest retailers and wholesale grocers, including Walmart, Albertsons, our affiliate, C&S Wholesale Grocers, GreenBox, and Target.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SYM is currently a Follower in the organic co-movement group Mixed Growth Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.