Symbotic
SYMBQ4 2022Estimated45% AI
AI Revenue %
45%
AI Fair Value
$5.7B
AI Revenue (Q)
$92.8M
Total Revenue (Q)
$206.3M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2022 annual 10-K (ended Sep 24, 2022). The 10-K describes revenue segments but does not break out Q4 standalone figures from the annual filing. Revenue concentration: Customer A (Walmart) accounted for 94.4% of total revenue. The system is described as using 'A.I. enabled software' for autonomous robot control. No explicit AI revenue disclosure. The hardware+software bundle nature of Systems revenue, combined with low system gross margins, indicates substantial non-AI cost in the deliverable. Using same methodology as Q1 FY2022 given no material change in product mix. Estimate: 45% AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Customer A [Walmart] accounted for 94.4% of total revenue for the year ended September 24, 2022
10-K for fiscal year ended Sep 24, 2022, Item 8 Segment Note
The system uses Symbots which are high-speed, fully autonomous mobile robots that travel up to 25 miles-per-hour (mph). The Symbots are controlled by our artificial intelligence (A.I.) enabled software
10-K for fiscal year ended Sep 24, 2022, 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 optimization
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