Five vendors come up in almost every AMR-era conversation I have in 2026. A short note on each, mostly to keep them straight in my own head.
Symbotic
The numbers are hard to ignore. 2.247 billion dollars in fiscal 2025 revenue, up 26 percent. 22.3 billion dollar backlog. A 31.3 billion market cap, which makes them the highest-valued pure-play automation company in the sector. In August 2025 they commercialised a new storage structure that cuts customer footprint by up to 40 percent. They bought Fox Robotics to move into dock automation, and they're acquiring Walmart's Advanced Systems unit for 200 million dollars. Across 42 plus Walmart DCs they're running cells at 1,350 CPH per second outbound. If you're speccing a high-velocity retail DC, you're evaluating Symbotic whether you want to or not.
Exotec
The Next-Generation Skypod, launched in February 2025, posts 50 percent higher throughput per workstation and 30 percent more storage density than the previous generation, and now handles both piece picks and full cases in the same system. Exotec has booked more than 400 million dollars across 20 plus recent wins, including Oxford Industries, Grainger, and E.Leclerc. The Skypod remains the most credible cube-storage alternative to AutoStore in head-to-head bids.
Geek+
Three moves in one window. At LogiMAT 2026 they launched the RoboShuttle V5 with an integrated robot-arm picking station (RAPS). They unveiled Gino 1, pitched as the first humanoid robot designed specifically for warehouse work. And they IPO'd on the Hong Kong Stock Exchange, becoming the first publicly listed pure-play AMR company anywhere.
Locus Robotics
Locus is launching Array in 2026, a new category they're calling Robots-to-Goods that promises to cut picking and putaway labor by 90 percent. Their joint program with DHL just crossed the one billion picks milestone across 40 plus sites. LocusONE, their execution platform, is positioning as a multi-vendor orchestration layer, competing directly with Dematic Command Center and KNAPP Brain.
Mujin
Mujin launched MujinOS on a subscription model in April 2026, built around "teachless" deployment (no per-SKU training) and running at 700 plus CPH for robotic case picking. This is the clearest example of the subscription pricing shift: pay monthly for automation instead of sinking CapEx into a one-time install.
Bonus: RightHand Robotics
Not quite in the top five but worth mentioning. RightHand took a strategic investment from Rockwell Automation in March 2025. RightPick 4 handles items that are 25 percent larger and 50 percent heavier than the previous generation. The larger grasp envelope is what allowed them to enter apparel and home-goods segments that RightPick 3 struggled with.
Five different bets on what the next decade looks like. Probably all of them are right on different operations. The job on the buy side is to pick the one that fits what you actually run.