Shares of Symbotic were soaring after the AI-enabled robotics technology company turned in a strong quarter and offered upbeat financial guidance.

Symbotic is an AI-enabled robotics technology company.

Symbotic stock gained 33.5% to $40.81 in morning trading Tuesday. This year, shares had lost 40% through Monday’s close.

For its fourth fiscal quarter, ended Sept. 28, the company reported earnings of 5 cents per share, a swing from the loss of 8 cents per share recorded a year prior. Revenue of $576.8 million was above the consensus call for $470.2 million.

“Looking forward to the fiscal first quarter of 2025, we expect continued strong top-line growth with stable gross margins, along with targeted investments to capture an expanding set of opportunities,” Chief Financial Officer Carol Hibbard said in a statement late on Monday.

For its first quarter, the company forecast revenue of between $495 million and $515 million, while analysts had penciled in $496.3 million.

William Blair analysts Ross Sparenblek and Sam Karlov, who rate the stock at Market Perform, weighed in on the results.

“Symbotic is proving its ability to quickly put out fires, having yet again rightsized its supply chain and delivered another strong quarter of margin performance following a project delay impacting third quarter 2024,” the analysts wrote on Tuesday.

“While there is no guarantee for a linear margin trajectory, as other issues are likely to resurface as the company looks to double capacity by 2027, we view this as a credibility building quarter by and large,” they said.