Filing Flows › Accuray (ARAY) › Q1 FY27
Accuray (ARAY) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
Accuray (ARAY) reported revenue of $86.5M for the first quarter fiscal 2027 (Q1 FY27), -8% from a year earlier and -14% from the quarter before. Operating margin was -42.2%, net earnings $10.1M (11.7% of revenue).
Accuray, Q1 FY27: revenue $86.5M (-8% year over year), operating margin -42.2%, net earnings $10.1M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.5M | -14% | -8% |
| Operating profit | −$36.5M | -761% | — |
| Net earnings | $10.1M | — | — |
| Operating cash flow | −$3.8M | -257% | -131% |
What changed
Revenue was $86.5M in Q1 FY27, down 8% year over year and down 14% from the previous quarter. Service was the largest line at 68% of revenue. Product lost $9.8M year over year (down 26%), 132% of the total change.
Gross margin was 30.1%, up 1.4 points from Q1 FY26. Operating costs exceeded revenue by $36.5M, an operating margin of -42.2%. Operating expenses grew 63% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+3929%). Net earnings were $10.1M. The effective tax rate was 4.9%. Non-operating items added $47.2M, 443% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.8M. Non-cash charges added back $2.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $17.1M. Capital expenditures of $124K exceeded it, leaving free cash flow of −$3.9M.
Questions
What was Accuray's revenue in the first quarter fiscal 2027?
Accuray (ARAY) reported revenue of $86.5M for the first quarter fiscal 2027 (Q1 FY27), -8% from a year earlier and -14% from the quarter before.
Was Accuray profitable in the first quarter fiscal 2027?
Operating loss was $36.5M (-42.2% of revenue) and net earnings $10.1M.
Source: Accuray 10-Q on SEC EDGAR.