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Dec 31, 2025
Accuray Q2 2026 Earnings Report
Accuray reported a decrease in total net revenue and a net loss for the second quarter of fiscal year 2026, alongside a comprehensive transformational plan aimed at improving profitability and setting the stage for revenue growth.
Key Takeaways
Accuray Incorporated experienced a challenging second quarter of fiscal year 2026, with total net revenue decreasing by 12% to $102.2 million and a net loss of $13.8 million. The company initiated a significant transformational plan, including restructuring charges of $6.1 million, to reduce costs and align resources with strategic priorities, aiming for an annualized operating profit improvement of approximately $25 million.
Total net revenue for Q2 fiscal 2026 was $102.2 million, a 12% decrease from the prior year's second quarter.
The company reported a net loss of $13.8 million, or $0.11 diluted net loss per share, compared to a net income of $2.5 million in the prior year.
Accuray initiated a transformational plan, incurring $6.1 million in restructuring charges, with an expected annualized operating profit improvement of $25 million.
Adjusted EBITDA was a negative $1.9 million, a significant decline from the positive $9.6 million in the prior fiscal year second quarter.
Revenue by Segment
Forward Guidance
Accuray updated its fiscal year 2026 guidance, expecting total net revenue between $440 million and $450 million, and adjusted EBITDA between $22 million and $25 million.
Positive Outlook
- Expected annualized operating profit improvement of approximately $25 million from the transformational plan.
- Approximately $12 million of the expected operating profit improvement is anticipated to be realized in fiscal year 2026.
- The transformational plan includes organizational realignment and sales enablement to enhance competitiveness.
- The company aims to accelerate top-line growth and expand profitability.
- The CEO expressed confidence in the execution pace and organizational alignment for achieving objectives.
Challenges Ahead
- Total net revenue guidance for fiscal year 2026 is lower than the previous year's performance.
- The company expects total restructuring charges to be approximately $13 million for fiscal year 2026.
- The guidance for adjusted EBITDA is significantly lower than historical positive figures.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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