Earnings

Beckhoff said it is planning new product launches in the areas of software and PC-based robotics control technology.

ABB has announced plans to spin off its robotics division, saying it has ‘limited synergies’ with its other business units.

igus reported strong sales and continues to innovate in affordable robotics, sustainability, and availability of its motion plastics.

FANUC saw mixed results in 2024 as sales dipped, but profits rose, driven by factory automation and service growth.

Teradyne has laid off about 10% of UR and MiR’s staff, largely in sales, marketing, and service roles, to manage its growth.

Since the start of 2024, iRobot has reduced its global workforce by nearly 50%.

Significant declines in the automotive and semiconductor industries led to the decline in robot sales, according to the Association for Advancing Automation.

The Wilmington, Mass.-based company brought in more revenue in Q2 2024 than it did in Q1 and in Q2 2023, respectively.

Intuitive Surgical reported profits of $545 million, or $1.51 per diluted share.

See a revenue breakdown for both Universal Robots and Mobile Industrial Robots, which are both owned by Teradyne.

Symbotic’s revenue increased 98% to $1.18 billion in 2023 thanks to deals with Albertson’s, Target and Walmart.

Sarcos decides to pivot from physical robots to AI software solutions and announced major restructuring.

IDS Imaging Development Systems, a leading industrial camera manufacturer, far exceeded industry expectations in the first half of 2023.

Sarcos Technology and Robotics Corporation brought in $1.3 million in revenue and had a net loss of $28.7 million during the quarter.

Symbotic, a developer of AI-enabled robotics technology, has brought in $312 million in revenue in Q3 of 2023, which ended June 24, 2023.

Symbotic brought in $266.9 million in revenue in Q2 of 2023, with a net loss of $55.4 million and an adjusted EBITDA loss of $11.2 million. 

On the podcast, we talk about the potential impact of the implosion of Silicon Valley Bank. Also this week: an interview with Rylan Hamilton, CEO and co-founder of 6 River Systems.

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA loss of $16.3 million for the first quarter of fiscal 2023.

This is a $28 million increase from the $376 million it brought in during 2021. In 2022, UR brought in $326 million, while MiR brought in $77 million. 

Quanergy went public just 10 months ago via a SPAC with China’s CITIC Capital, at an implied $1.4 billion equity value.

AEye brought in $768,000 in revenue in the third quarter of 2022 and reported a GAAP loss of $23.6 million.

Teradyne’s industrial automation group saw a 2% decrease in revenue in Q3 2022 compared to the same time period last year.