Filing Flows › Accuray (ARAY) › Q1 FY26
Accuray (ARAY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 5, 2025
Accuray (ARAY) reported revenue of $93.9M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -26% from the quarter before. Operating margin was -12.0%, net loss $21.7M (23.1% of revenue).
Accuray, Q1 FY26: revenue $93.9M (-8% year over year), operating margin -12.0%, net loss $21.7M, operating cash flow $12.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.9M | -26% | -7% |
| Operating profit | −$11.3M | -367% | — |
| Net earnings | −$21.7M | -2030% | — |
| Operating cash flow | $12.2M | — | — |
| Free cash flow | $10.3M | — | — |
What changed
Revenue was $93.9M in Q1 FY26, down 7% year over year and down 26% from the previous quarter. Service was the largest line at 60% of revenue. Product lost $11.2M year over year (down 23%), 147% of the total change.
Gross margin was 28.3%, down 5.7 points from a year earlier. Operating costs exceeded revenue by $11.3M, an operating margin of -12.0%. Operating expenses grew 3% against a revenue fall of 7%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $21.7M, after a profit of $1.1M the previous quarter.
Operating cash flow was $12.2M. Non-cash charges added back $1.7M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $29.7M. Capital expenditures of $1.9M left free cash flow of $10.3M.
Questions
What was Accuray's revenue in the first quarter fiscal 2026?
Accuray (ARAY) reported revenue of $93.9M for the first quarter fiscal 2026 (Q1 FY26), -7% from a year earlier and -26% from the quarter before.
Was Accuray profitable in the first quarter fiscal 2026?
Operating loss was $11.3M (-12.0% of revenue) and net loss $21.7M.
Source: Accuray 10-Q on SEC EDGAR.