Symbotic

Symbotic's Q1 FY2022 (ended Jun 25, 2022) revenue was $175.6M: Systems $166.3M, Software Maintenance $1.5M, Operation Services $7.8M. The company describes its system as using 'artificial intelligence (A.I.) enabled software to move goods through our proprietary storage structure.' The AI is integral to the Symbot autonomous robots (path planning, inventory optimization, fleet coordination), but there is no separate AI revenue disclosure. Systems revenue (~95% of total) is a bundled hardware+software deliverable with low gross margins (~18%), indicating heavy hardware/installation cost. At this early stage of commercialization, the AI/ML component is less mature relative to later periods. Estimated AI portion: Systems 45% (AI is enabling but hardware dominates cost), SMS 85%, Ops 30%. Math: ($166.3M * 0.45 + $1.5M * 0.85 + $7.8M * 0.30) / $175.6M = ($74.8M + $1.3M + $2.3M) / $175.6M = $78.4M / $175.6M = 44.6%, rounded to 45%.