Symbotic
SYMBQ3 2024Estimated50% AI
AI Revenue %
50%
AI Fair Value
$9.0B
AI Revenue (Q)
$251.8M
Total Revenue (Q)
$503.6M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q3 FY2024 (ended Jun 29, 2024) revenue was $491.9M: Systems $472.1M, SMS $3.5M, Ops $16.2M. Revenue grew 58% YoY. The FY2024 10-K describes the system as using 'proprietary robotics and A.I.-powered software for the movement and storage of goods' and notes a patent portfolio of over 700 patents. System gross margin improved to ~13.6%. In July 2024, Symbotic acquired 'developed technology intangible assets' enhancing AI capabilities. No explicit AI revenue disclosure. Maintaining 50% AI attribution. Math: ($472.1M * 0.50 + $3.5M * 0.90 + $16.2M * 0.35) / $491.9M = ($236.1M + $3.2M + $5.7M) / $491.9M = $245.0M / $491.9M = 49.8%, rounded to 50%.
Analyzed by claude-opus-4-6
Quoted Figures
Three months ended June 29, 2024: Revenue Systems $472,119K, Software maintenance and support $3,545K, Operation services $16,198K, Total $491,862K
10-Q for period ended Jun 29, 2024, Consolidated Statements of Operations
Our systems are designed to increase efficiency, speed and flexibility of the supply chain by using proprietary robotics and A.I.-powered software for the movement and storage of goods.
10-K for fiscal year ended Sep 28, 2024, Item 1 Business
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