Symbotic shares rise 5.42% intraday after Q1 2026 earnings beat, 29% revenue growth, and first-time profitability.

Symbotic (SYM) surged 5.42% intraday trading following the release of its Q1 2026 earnings results, which highlighted a 29% year-over-year revenue increase, 65% gross profit growth, and a shift to profitability with a $13 million net profit—contrasting with a $17 million loss in Q1 2025. The company also expanded its operational robotic systems to 51 and reported a $1.8 billion cash balance, bolstering investor confidence. Analyst upgrades, including Needham raising its price target to $75, and strategic progress such as the acquisition of Fox Robotics and partnerships with Walmart and Medline, reinforced optimism. These developments underscored Symbotic’s diversification beyond retail, profitability milestones, and long-term growth potential in AI-driven warehouse automation.