Symbotic Inc. reported its first-quarter fiscal 2025 earnings, revealing a revenue of $486.69 million, slightly below the estimated $490.04 million. The company also recorded a net loss of $19 million and an adjusted EBITDA of $18 million. In terms of earnings per share (EPS), Symbotic reported a loss of $0.03, matching the expectations. Looking ahead, the company anticipates revenue for the second quarter to be between $510 million and $530 million, which falls short of the $533 million estimate. In response to the earnings report and the guidance for the second quarter, shares of Symbotic declined by 10%. Additionally, Raymond James downgraded the stock from 'Outperform' to 'Market Perform,' citing the missed expectations and a flat backlog of $22.4 billion, alongside a slower deployment pace of automation systems, with 44 systems deployed against an estimate of 49.