Symbotic Expands Walmart Automation Deal With $6 Billion Initial Spending Commitment Across 25 U.S. Distribution Centers

Symbotic Inc. (SYM) announced an expanded commercial agreement with Walmart Inc. (WMT) to extend automation across 25 regional distribution centers in the U.S., carrying an initial spending commitment of approximately $6 billion. The work is expected to be carried out across multiple locations over several years, deploying Symbotic's BreakPack each-picking system and SymMicro micro-fulfillment solution for e-commerce. The expansion targets improved inventory management, increased storage capacity and streamlined goods movement within Walmart's U.S. distribution network. The companies have collaborated for more than a decade, and the new agreement builds on that existing relationship. In pre-market trading on Nasdaq, Symbotic shares rose 1.87 percent to $38.10, while Walmart shares gained 1.44 percent to $123.00.