Symbotic
SYMBQ4 2023Estimated48% AI
AI Revenue %
48%
AI Fair Value
$7.1B
AI Revenue (Q)
$172.8M
Total Revenue (Q)
$359.9M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2023 annual 10-K (ended Sep 30, 2023). The 10-K describes the system with AI-powered language and references the GreenBox joint venture. Customer A (Walmart) accounted for 88.4% of total revenue, slightly lower than the prior year's 94.4%, indicating customer diversification. The company operates as a single reportable segment. Patent portfolio of over 700 patents. No explicit AI revenue breakout. System gross margins around 17-18% indicate hardware-heavy revenue. Applying consistent methodology at 48%.
Analyzed by claude-opus-4-6
Quoted Figures
Customer A [Walmart] accounted for 88.4% of total revenue for the year ended September 30, 2023
10-K for fiscal year ended Sep 30, 2023, Item 8 Significant Customers
Significant funds and resources have been devoted to date in developing the Symbotic system and related applications to create a system with the ability to fundamentally change how the supply chain functions
10-K for fiscal year ended Sep 30, 2023, 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