Symbotic shares surge 11.65% after-hours on Q1 2026 profitability, 29% revenue growth, and expansion of AI warehouse systems and partnerships.

Symbotic surged 11.65% in after-hours trading following the release of its Q1 2026 earnings report, which highlighted a $13 million net profit (versus a $17 million loss in Q1 2025), 29% year-over-year revenue growth, and a $1.8 billion cash balance. The report also noted strategic expansions, including the acquisition of Fox Robotics and a $11 billion joint venture with SoftBank (Exol), reinforcing its warehouse automation leadership. Analysts cited the company’s improved profitability, strong backlog ($22.5 billion), and diversified customer base (including Medline) as key drivers. Additionally, Q2 revenue guidance of $650–$670 million exceeded estimates, while a price target raise to $75 and positive commentary on liquidity and growth flexibility further bolstered investor sentiment. The after-hours rally reflects confidence in Symbotic’s pivot to profitability and long-term expansion potential.