Q1 2026 Accuray Inc Earnings Call Transcript

Nov 5, 2025 / 09:30 PM GMT

Release Date Price: $1.45 (+5.07%)

Transcript 10-Q8-K

Key Points

Positve

Accuray Inc (ARAY) launched its new Stellar product at Astro, receiving overwhelmingly positive feedback and strong interest from both existing and new customers.
The company signed a memorandum of understanding with the University of Wisconsin to advance adaptive radiotherapy, highlighting its commitment to innovation and collaboration.
Accuray Inc (ARAY) reported a 7% increase in service revenue, driven by a 10% growth in contract revenue, indicating successful pricing strategies.
The company has a strong order backlog of approximately $396 million, providing visibility and confidence in future revenue conversion.
Accuray Inc (ARAY) is implementing a transformation plan aimed at achieving a high single-digit adjusted EBITDA margin within 12 months, with expectations to expand to double-digits over the medium to long-term.

Negative

Net revenue for the first quarter was $94 million, down 7% year-over-year and 9% on a constant currency basis, indicating a decline in sales performance.
Product revenue was $37 million, below expectations, with a 23% year-over-year decrease, primarily due to slower performance in EIMEA and China regions.
Gross margin declined to 28.3% from 33.9% in the prior year, impacted by unfavorable sales mix, tariffs, and inventory obsolescence charges.
Operating loss for the quarter was $11.3 million, compared to a loss of $2.1 million in the prior year, reflecting increased restructuring and post-financing costs.
Adjusted EBITDA for the quarter was a loss of $4.1 million, compared to an income of $3.1 million in the prior year, due to challenges in product gross margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARAY.OQ - Accuray Inc
Q1 2026 Accuray Inc Earnings Call
Nov 05, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Accurate 1st quarter fiscal 2026 financial results conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the key, followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press, then 1 on a touchtone phone. To withdraw your question, please press, then 2.

Please note this event is being recorded.

I would now like to turn the conference over to Steve Monroe, Vice President of Corporate Financial Planning and Analysis.

Please go ahead.

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