Symbotic shares jump 11.12% after-hours after Q1 earnings beat and raised guidance.

Symbotic Inc. surged 11.12% in after-hours trading following a strong Q1 earnings report and revised guidance. The company reported $629.9 million in revenue, a 30% year-over-year increase, exceeding consensus estimates by 100 basis points. Earnings outperformed expectations, with adjusted EPS at 41 cents, over 300% above targets, while net income turned positive after prior losses. Analysts highlighted a $22.3 billion backlog as a growth catalyst and noted institutional buying, with over 85% ownership by long-term holders. Recent coverage emphasized Symbotic’s profitability milestone, strategic partnerships (e.g., Fox Robotics), and improved operational efficiency, reinforcing optimism. Price targets and analyst ratings were raised, with some projecting 50%+ upside. The stock’s post-earnings rally reflects renewed confidence in its AI-driven automation and expansion potential.