Symbotic stock deep dive — warehouse robots, Walmart & a $22.7B backlog
Symbotic (NASDAQ: SYM) is one of the rare robotics names where the robots are unquestionably real and already working at scale — inside Walmart's distribution centers. In this deep dive, analyst Elena Vance and curious investor Theo Brooks unpack a puzzle: the company just posted record revenue (about $676M last quarter, up ~23% year over year), its first-ever GAAP profit, faster system deployment (from ~46 to ~70 operating systems in a year), and a staggering backlog of roughly $22.7 billion — yet the stock slumped about 21% in May and touched a 2026 low. We explain in plain English what…
The skinny
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