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Accuray (ARAY) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 6, 2026
Accuray (ARAY) reported revenue of $105M for the third quarter fiscal 2026 (Q3 FY26), -7% from a year earlier and +3% from the quarter before. Operating margin was -8.7%, net loss $11.8M (11.3% of revenue).
Accuray, Q3 FY26: revenue $105M (-7% year over year), operating margin -8.7%, net loss $11.8M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | +3% | -7% |
| Operating profit | −$9.1M | — | -968% |
| Net earnings | −$11.8M | — | — |
| Operating cash flow | −$5.6M | — | -131% |
What changed
Revenue was $104.8M in Q3 FY26, down 7% year over year and up 3% from the previous quarter. Service was the largest line at 53% of revenue. Product lost $7.6M year over year (down 13%), 91% of the total change.
Gross margin was 24.1%, down 3.8 points from Q3 FY25. Operating costs exceeded revenue by $9.1M, an operating margin of -8.7%. Operating expenses grew 12% against a revenue fall of 7%. The quarter ended with a net loss of $11.8M, narrower than the previous quarter's $13.8M loss.
Operating cash flow was −$5.6M. Non-cash charges added back $2.1M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $471K exceeded it, leaving free cash flow of −$6.1M.
Questions
What was Accuray's revenue in the third quarter fiscal 2026?
Accuray (ARAY) reported revenue of $105M for the third quarter fiscal 2026 (Q3 FY26), -7% from a year earlier and +3% from the quarter before.
Was Accuray profitable in the third quarter fiscal 2026?
Operating loss was $9.1M (-8.7% of revenue) and net loss $11.8M.
Source: Accuray 10-Q on SEC EDGAR.