Education
About Us
Working with TipRanks
Follow Us
Accuray Incorporated (ARAY)
NASDAQ:ARAY
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: meaningful near-term challenges — including a sizable YoY revenue decline, a steep drop in product margins, a reduction in cash, and lowered full-year revenue and adjusted EBITDA guidance driven largely by China-related delays and tariffs — are balanced by encouraging operational elements such as resilient and growing service revenue, a healthy book-to-bill (1.5), a multi-quarter backlog with no cancellations, early operating-cost reductions (ex-restructuring), and a concrete transformation plan targeting ~$25 million of annualized profit improvement. Management articulated specific initiatives (service monetization, distributor discipline, pricing optimization, engineering reallocation) and expects margin run-rate improvement in the coming quarters, but the near-term financial impact is material.Company Guidance
Service Revenue Growth and Resilience
Service revenue was $57.2 million, up 4% year-over-year (up 3% on a constant currency basis); service is cited as a key recurring-growth pillar and showed margin resilience at 26.6% (only down 1.1 percentage points versus prior year).
Strong Order Intake and Book-to-Bill
Product gross orders were approximately $66 million in the quarter, producing a book-to-bill ratio of 1.5 (trailing twelve-month ratio 1.2), indicating strong near-term demand relative to shipments.
Substantial Backlog with No Cancellations
Reported order backlog was approximately $33 million (orders younger than 30 months), representing over 18 months of product revenue, geographically diversified and with no order cancellations during the quarter.
Operating Expense Reductions (Excluding Restructuring)
Reported operating expenses were $35.6 million including $6.1 million of one-time restructuring; excluding those charges, management stated operating expenses declined almost 21% quarter-over-quarter, reflecting early cost-control progress.
Transformation Program Targeting Margin Improvement
Company announced a strategic transformation targeting roughly $25 million of annualized operating-profitability improvement (including ~15% workforce reduction); expects ~$12 million of benefit in fiscal 2026 and substantially all initiatives implemented by fiscal year-end.
Clear Commercial and Service Strategy Initiatives
Management is implementing solutions-oriented service offerings, structured distributor partnerships (tiered pay-for-performance), pricing optimization, and reallocating engineering to high-ROI programs to drive recurring revenue and margin expansion over time.
Cash and Working-Capital Actions
Net inventory declined modestly to $151 million (down $4.5 million sequentially) and management is tightening weekly financial/operational reviews to improve cash and execution discipline.
ARAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $0.76 | $0.60 | -20.63% |
Nov 05, 2025 | $1.45 | $1.22 | -15.86% |
Aug 13, 2025 | $1.49 | $1.46 | -2.01% |
Apr 30, 2025 | $1.55 | $1.35 | -12.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Accuray Incorporated (ARAY) report earnings?
Accuray Incorporated (ARAY) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Accuray Incorporated (ARAY) earnings time?
Accuray Incorporated (ARAY) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARAY EPS forecast?
ARAY EPS forecast for the fiscal quarter 2026 (Q3) is -0.05.