Symbotic Inc - Ordinary Shares - Class A

Strong Q3 results; profitability improving - Revenue $721M, +22% YoY and +7% QoQ, near the top of guidance. - GAAP net income $55M (improved from a $21M loss YoY), aided by a $19M unrealized noncash gain tied to a mark-to-market move in Nyobolt investment. - Adjusted EBITDA $95M, more than doubled YoY (vs. $45M in Q3 FY25) and above the forecasted range, driven by margin expansion (project execution + mix + operating efficiency).

Deployment momentum remains the core driver (systems + recurring software/services) - 11 new system deployments in the quarter; total 77 systems in deployment at quarter-end. - 4 systems went operational; total 56 operational systems. - Systems revenue $671M: +20% YoY, +6% QoQ; software revenue +57% YoY to $13M; operation services revenue +49% YoY to $37M (reflecting expanding installed base).

Guidance/outlook: Q4 and near-term pace - Q4 FY26 revenue expected: $700M–$780M. - Q4 adjusted EBITDA expected: $100M–$105M. - Management characterized Q4 as similar to Q3 (possibly slightly short), with the material “inflection” for next-gen storage expected in the 2H of next year (not immediately).