Symbotic
SYMBQ1 2024Estimated50% AI
AI Revenue %
50%
AI Fair Value
$7.7B
AI Revenue (Q)
$196.7M
Total Revenue (Q)
$393.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (ended Dec 30, 2023) revenue was $359.9M: Systems $347.7M, SMS $2.2M, Ops $10.1M. Revenue grew 74% YoY. Software maintenance revenue is increasing, indicating more systems reaching operational status (and thus recurring AI-powered software revenue). No explicit AI revenue disclosure. With increasing scale and maturation of the AI platform, incrementally raising the AI attribution. Estimate: Systems 50%, SMS 90%, Ops 35%. Math: ($347.7M * 0.50 + $2.2M * 0.90 + $10.1M * 0.35) / $359.9M = ($173.9M + $2.0M + $3.5M) / $359.9M = $179.4M / $359.9M = 49.8%, rounded to 50%.
Analyzed by claude-opus-4-6
Quoted Figures
Three months ended December 30, 2023: Revenue Systems $347,705K, Software maintenance and support $2,169K, Operation services $10,069K, Total $359,943K
10-Q for period ended Dec 28, 2024 (comparative period)
AI Products Identified (Ring 1)
Symbotic System (AI-powered autonomous warehouse robots)AI/ML fleet coordination softwareComputer vision-based case identificationML-based path planning and inventory placement optimizationGreenBox warehouse-as-a-service (AI-managed)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Physical Symbot robot hardwareStorage structure/racking infrastructureInbound sorting and outbound palletizing cellsInstallation and commissioning labor
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix