SYM reported $22.5B of remaining performance obligations at 27 Jun 2026, up 0% from a year earlier and down 1% from the previous quarter. That is 8.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.72.
Net new backlog added in the latest quarter: -$200M.
Over the last twelve months it turned about 12% of its opening backlog into revenue (12-month conversion).
15% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 7.7% of the backlog.
Twelve-month book-to-bill: 1.04, i.e. 1.04 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -20 points — revenue is catching up with orders.
By backlog size it ranks 40th among US filers the cockpit tracks.
SYM backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
27 Jun 2026
$22.5B
$2.65B
8.5 yrs
$1.74B
28 Mar 2026
$22.7B
$2.52B
9.0 yrs
$1.86B
27 Dec 2025
$22.3B
$2.39B
9.3 yrs
$1.50B
27 Sep 2025
$22.5B
$2.25B
10.0 yrs
$1.37B
28 Jun 2025
$22.4B
$2.19B
10.2 yrs
$923M
29 Mar 2025
$22.7B
$2.07B
11.0 yrs
$1.09B
28 Dec 2024
$22.4B
$1.91B
11.7 yrs
$864M
28 Sep 2024
$22.4B
$1.79B
12.5 yrs
$806M
29 Jun 2024
$22.7B
$1.62B
14.1 yrs
$799M
30 Mar 2024
$22.7B
$1.46B
15.6 yrs
$860M
30 Dec 2023
$23.2B
$1.33B
17.4 yrs
$857M
30 Sep 2023
$23.3B
$1.18B
19.8 yrs
$787M
Questions
What is SYM's backlog?
SYM reported $22.5B of remaining performance obligations at 27 Jun 2026, up 0% from a year earlier and down 1% from the previous quarter. That is 8.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.72.
How fast does SYM's backlog turn into revenue?
Over the last twelve months SYM recognised revenue equal to about 12% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.