Symbotic
SYMBQ4 2024Estimated50% AI
AI Revenue %
50%
AI Fair Value
$8.8B
AI Revenue (Q)
$243.3M
Total Revenue (Q)
$486.7M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
FY2024 annual 10-K (ended Sep 28, 2024). Annual revenue was $1,776.5M. Customer A (Walmart) accounted for 86.9% of revenue. The company describes 'A.I.-powered software' as core to the system. Patent portfolio over 700 patents. Acquired developed technology intangible assets in July 2024, and signed a commercial agreement with Walmart de Mexico. Single reportable segment. No explicit AI revenue line item or percentage disclosed. System gross margin for Q4 implied at ~18% (improving), but still reflecting heavy hardware costs. Maintaining 50% AI revenue estimate.
Analyzed by claude-opus-4-6
Quoted Figures
Customer A [Walmart] accounted for 86.9% of total revenue for the year ended September 28, 2024
10-K for fiscal year ended Sep 28, 2024, Item 8 Significant Customers
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. Our intellectual property is protected by a portfolio of over 700 issued and/or pending patents.
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