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NetCashProvidedByUsedInOperatingActivities [https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json; filed 2026-05-06] ; Reported combined PP&E and internal-use software cash purchases [https://www.sec.gov/Archives/edgar/data/1837240/000183724026000042/q3268-k_ex991.htm; filed 2026-08-05]","accession":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000042/q3268-k_ex991.htm","retrieved_at":"2026-09-19T18:30:00+00:00","reviewed_through":null}},"cash":{"value":2009435000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"capex":{"value":43368000.0,"provenance":{"form":null,"class":"reported","filed":"2026-08-05","concept":"Reported combined PP&E and internal-use software cash purchases","accession":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000042/q3268-k_ex991.htm","retrieved_at":"2026-09-19T18:30:00+00:00","reviewed_through":null}},"revenue":{"value":676480000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"RevenueFromContractWithCustomerExcludingAssessedTax","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"net_income":{"value":1969000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"NetIncomeLoss","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"period_end":"2026-03-28","eps_diluted":{"value":0.01,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"EarningsPerShareDiluted","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"fiscal_label":"2026Q2","gross_profit":{"value":149952000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"GrossProfit","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"debt_long_term":null,"shares_diluted":{"value":134364904.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"operating_income":{"value":6091000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-05-06","concept":"OperatingIncomeLoss","accession":"0001837240-26-000024","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}}},{"cfo":{"value":-147297000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-05","concept":"NetCashProvidedByUsedInOperatingActivities","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"fcf":{"value":-164630000.0,"provenance":{"form":"10-Q","class":"derived","filed":"2026-08-05","concept":"CFO - capex; NetCashProvidedByUsedInOperatingActivities [https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json; filed 2026-08-05] ; Reported combined PP&E and internal-use software cash purchases [https://www.sec.gov/Archives/edgar/data/1837240/000183724026000042/q3268-k_ex991.htm; filed 2026-08-05]","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"cash":{"value":1746446000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"CashAndCashEquivalentsAtCarryingValue","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"capex":{"value":17333000.0,"provenance":{"form":null,"class":"reported","filed":"2026-08-05","concept":"Reported combined PP&E and internal-use software cash purchases","accession":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000042/q3268-k_ex991.htm","retrieved_at":"2026-09-19T18:30:00+00:00","reviewed_through":null}},"revenue":{"value":720838000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"RevenueFromContractWithCustomerExcludingAssessedTax","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"net_income":{"value":11673000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"NetIncomeLoss","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"period_end":"2026-06-27","eps_diluted":{"value":0.09,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"EarningsPerShareDiluted","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"fiscal_label":"2026Q3","gross_profit":{"value":160910000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"GrossProfit","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"debt_long_term":null,"shares_diluted":{"value":133252947.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"WeightedAverageNumberOfDilutedSharesOutstanding","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}},"operating_income":{"value":32895000.0,"provenance":{"form":"10-Q","class":"reported","filed":"2026-08-05","concept":"OperatingIncomeLoss","accession":"0001837240-26-000043","source_url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001837240.json","retrieved_at":"2026-09-19T20:45:35+00:00","reviewed_through":null}}}],"retrieved_at":"2026-09-19T20:45:35+00:00"},"notes":[],"memory":{"as_of":"2026-09-18","bands":{"1d":{"p10":-2.982,"p50":0.053,"p90":2.953,"p_up":0.517},"5d":{"p10":-6.111,"p50":0.027,"p90":6.686,"p_up":0.503},"10d":{"p10":-6.721,"p50":0.111,"p90":12.027,"p_up":0.507}},"state":"down/below/off/stuck/effort/weak/some","reason":null,"coverage":"ok","analogs_n":300,"disclaimer":"Historical distributions of what followed similar states, measured before today's news. Not a forecast; no side."},"schema":"company_file.v1","thesis":{"view":"Q3 delivered positive operating income, but cash conversion remains uneven: quarter FCF was negative $164.630M, while nine-month FCF was positive $242.831M with $368.777M of deferred-revenue funding. Backlog is substantial but concentrated and long dated. The operating model separates service economics from customer financing and Exol capital, without converting consolidated profit into an unsupported Class A EPS forecast.","scenario_ranges":"Explicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.","what_changes_it":"Track systems completion, recurring-service margins, customer billing and contract costs together. Reconcile Exol contributions and investment gains separately, and monitor component-program spending and financial-control remediation."},"no_side":true,"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000042/q3268-k_ex991.htm","title":"August 5 Q3 results, Q4 guide and company FCF reconciliation","retrieved":"2026-09-19"},{"url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000043/sym-20260627.htm","title":"August 5 Form 10-Q: RPO, Exol, ownership, controls and accounting changes","retrieved":"2026-09-19"},{"url":"https://symbotic.gcs-web.com/news-releases/news-release-details/symbotic-announces-acquisition-arms-innovations-advancing-new","title":"July 2 official ARMS acquisition announcement","retrieved":"2026-09-19"},{"url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000023/q2268-k_ex991.htm","title":"May 6 comparative combined cash-investment history","retrieved":"2026-09-19"},{"url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724025000278/sym-20250927.htm","title":"November 24 2025 annual combined cash-investment baseline","retrieved":"2026-09-19"}],"business":{"drivers":["Systems deployment execution and recurring service mix","Customer advances versus inventory and contract-cost investment","Concentrated demand, Exol capital calls and ownership claims"],"description":"Symbotic sells robotic warehouse Systems plus software maintenance and operation services. Revenue depends on deployment work and the installed base, while customer advances and contract-cost spending make cash seasonal. Walmart and the Exol warehouse venture dominate contracted demand. Exol is a 35%-owned unconsolidated investment as well as a customer, so capital calls and system sales must be evaluated separately. July-acquired ARMS adds warehouse software capabilities."},"earnings":{"source":"estimated from 10-Q filed 2026-08-05 plus 90 days","next_report_date":"2026-11-03"},"identity":{"cik":1837240,"sic":"3569","name":"Symbotic Inc.","symbol":"SYM","cluster":"Transport, industrials & defense","exchange":"Nasdaq"},"research":{"risks":["Customer concentration and installation timing can shift revenue and collections.","Exol depends on capital from its owners and remains unconsolidated.","Advance funding can reverse while inventory and contract costs rise.","Component replacement costs and execution can exceed estimates.","Accounting-policy changes, cash reclassifications and control weaknesses complicate comparisons.","Common owners face NCI allocation, equity dilution, TRA and venture capital claims."],"title":"Warehouse growth with customer advances and venture commitments","question":"How much cash comes from deployment economics after separating customer funding and Exol capital?","economics":"Nine-month sales were $2,027.303M: Systems $1,895.740M, maintenance $36.574M and operation services $94.989M. GAAP operating income was $45.512M versus $239.885M adjusted EBITDA. CFO of $305.584M less combined PP&E/software of $62.753M produced $242.831M FCF; removing $368.777M net advance funding leaves negative $125.946M as a timing diagnostic. Q3 alone used $147.297M CFO and $17.333M capital cash. Strategic investments consumed $123.247M, including $73.2M Exol funding. June cash was $1,746.446M, with $27.132M restricted separately. RPO was approximately $22.5B, with 15% expected over 12 months; the contingent 400-store Walmart promise is additional only if conditions are met. The largest customer represented 90.5% of Q3 sales. Exol future funding commitments were $1,487.9M, not immediate cash due. A $34.3M component-program charge was recorded in Q2. Q3 consolidated net income of $55M included only $11.673M attributable to common holders.","change_note":"First deployment/service/cash model with Exol funding, ownership limits, updated historical combined investment cash and component-program timing.","checkpoints":[{"event":"Q4 execution","watch":"Compare $760M-$780M revenue and $100M-$105M adjusted EBITDA with actual cash.","timing":"FY2026 Q4 ends September 26","date_status":"estimated"},{"event":"Customer funding","watch":"Track deferred revenue, unbilled work, inventory and combined PP&E/software cash.","timing":"Each cash-flow statement","date_status":"estimated"},{"event":"Exol and component program","watch":"Reconcile capital calls, remaining commitments and actual replacement spending.","timing":"Each filing; program expected within a year of Q2 recognition","date_status":"estimated"}],"countercase":"A large order book can coexist with dependence on a few customers, long installation schedules and heavy venture funding. Advances create cash before delivery but can reverse abruptly. Positive consolidated earnings and adjusted EBITDA do not establish the cash or earnings attributable to public Class A shareholders.","limitations":["Backlog is largely Walmart and Exol work and includes the company share of unconsolidated Exol contracts. The contingent 400-store Walmart promise could add over $5B only if conditions are met; it is not added to current $22.5B RPO.","Exol is an unconsolidated 35%-owned equity-method investment and a customer. Capital contributions are investing cash, not another consolidated revenue stream. The $1.4879B future funding commitment is not all due immediately.","Company FCF subtracts combined PP&E and internal-use software. The historical supplement fills missing combined cash-investment observations from the reviewed statement, with scope labeled explicitly; it does not manufacture undisclosed PP&E/software splits.","The SBC attribution policy changed retrospectively and some prior acquisition-related cash was reclassified to CFO. Historical comparisons use reviewed updated figures where available. Adjusted-reconciliation SBC and cash-statement SBC differ in scope; the forecast is a simplified operating/cash bridge, not an exact reproduction of every adjustment.","Payments for the component replacement program are provisional cash timing against costs already recognized; actual remaining program liability and spend can differ. Ordinary warranty economics remain in gross margin.","July ARMS acquisition contribution is not separately quantified. It is not assigned speculative standalone revenue or purchase consideration beyond the consolidated scenario; unreported acquisition payments are excluded from the capital-cash subtotal.","Substantial earnings belong to noncontrolling interests. No consolidated-net-income/Class-A-share shortcut, EPS, valuation, full deferred-revenue rollforward or complete liquidity forecast is provided."],"reviewed_at":"2026-09-19"},"estimates":{"rows":[{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2026Q4","revenue":770000000.0},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q1","revenue":793784815.9999999},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q2","revenue":865947071.9999999},{"eps":null,"as_of":"2026-09-19","basis":"Desk base scenario. Revenue basis: Revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.","class":"estimate","period":"2027Q3","revenue":938109327.9999999}],"basis":"Desk base scenario from the operating model; not consensus. Revenue basis: Revenue ($M).","consensus":null,"revisions":[]},"scorecard":{"inside_5d":null,"notes_scored":0,"band_coverage_5d":null},"disclosure":"All positions in the Research Model Portfolio are simulated. No real money is invested in this model. Our research is free and is not tailored to any reader's financial circumstances.","operating_model":{"cells":[{"id":"ytd_revenue","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"Nine-month revenue","value":2027.303,"period":"9M FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000043/sym-20260627.htm","source_date":"2026-08-05"},{"id":"ytd_systems","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to millions.","label":"Nine-month systems","value":1895.74,"period":"9M FY2026","formula":null,"source_url":"https://www.sec.gov/Archives/edgar/data/1837240/000183724026000043/sym-20260627.htm","source_date":"2026-08-05"},{"id":"ytd_maintenance","case":"shared","kind":"reported","unit":"USD_millions","basis":"Reported consolidated amount, converted from thousands to 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