Symbotic Inc.

Thank you for standing by. Welcome to the Sympathic First Quarter 2026 Financial Results Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 11 again. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Charlie Anderson, Vice President, Investor Relations. Please go ahead, sir.

Hello. Welcome to Symbiotics' first quarter of fiscal year 2026 financial results webcast. I'm Charlie Anderson, Symbiotics' Vice President, Investor Relations. Some of the statements that we make today regarding our business operations and financial performance may be considered false. Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our Form 10-K, including the risk factors. We undertake no obligation to update any forward-looking statements. In addition, during this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release, which is distributed and available to the public through our investor relations website, located at ir.symbiotic.com. On today's call, we're joined by Rick Cohen, Symbiotics Founder, Chairman and Chief Executive Officer, and Izzy Martins, Symbiotics Chief Financial Officer. These executives will discuss our first quarter of fiscal year 2026 results and our outlook, followed by Q&A. With that, I'll turn it over to Rick to begin. Rick?

Thank you, Charlie. Good afternoon, and thank you for joining us to review our most recent results. We're off to a great start this year as our operational execution, product innovation, and financial discipline are translating into improved results. Notably, in the first quarter, We grew revenue by 29% and significantly expanded margins year over year, paving the way for our transition to GAAP profitability. On our last call, I highlighted that one of our key objectives this fiscal year was to unlock higher margins by providing additional value for our customers. As you can see from our results, we are on a solid trajectory. We also have increased line of sight that our product innovation, notably with our next generation storage solution, will yield tangible economic benefits for our customers while benefiting our margins on an ongoing basis. Another objective is to broaden our opportunities with customers, particularly in e-commerce. On this front, we're seeing strong execution on the program launched a year ago with Walmart for their accelerated online pickup and delivery centers at stores. First, we made a technical and operational improvements to the first generation automation systems we inherited at 19 Walmart stores. This helped drive record holiday volumes and improve performance metrics from those systems. This is important because we can take those improvements and incorporate them into our enhanced second generation design which were being paid to develop. Second, we delivered record financial results from that paid development program during the quarter as we advanced toward installation of the initial prototypes. We see our offerings as the future of e-commerce, as retailers are increasingly seeking to take advantage of their store footprints and localized presence to offer customers unparalleled availability and order fulfillment speed through automation. We are also meeting our key objective to invest in our innovation engine to expand our capabilities. On that note, we recently closed the acquisition of Fox Robotics, a leader in autonomous forklift solutions. This acquisition further enhances our strategy of utilizing our software to orchestrate robots that move goods through the supply chain from the dock door at the warehouse to the individual customer order from the store. We are also investing in internal R&D efforts intended to drive higher levels of performance across our operational systems. Here, we are also making great progress. Specifically, for our SIM bots that move goods in customer distribution centers, we have seen an over 25% increase in both the number of miles driven and the number of transactions per bot daily versus one year ago. We have also seen meaningful per-site volume increases from our floor-loaded inbound cells that ingest unpalatized cases compared to a year ago. The fact that our platform improves over time speaks to our leadership in the emerging category of what some call physical AI. We are doing this on a massive scale. To put it in perspective, Sabotic Operational Systems processed over 2 billion cases for customers in calendar year 2025, inbound and outbound. And our SIMBOTs log nearly 200 million miles alone in calendar year 2025. As best we can tell, this may be the most traveled, fully autonomous vehicle fleet in the world. In summary, we're meeting our objectives, which in turn are delivering braggingly happy customers, sustainable growth, and expanded profitability. As always, I want to thank our team for all their hard work, along with our customers and our investors, for their continued support. I'll now turn it over to Izzy, who will discuss our financial results and outlook. Izzy?