Accuray Incorporated (ARAY)
NASDAQ:ARAY
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.03Last Year’s EPS
0.01Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced mix of positive operational progress and concerning near-term challenges. Positives include tangible early wins from the transformation program (approximately $10 million realized vs a $12 million FY2026 target), disciplined cost actions, product order momentum (book-to-bill ~1.0, 12-month 1.2), strategic hires and partnerships, and initiatives to monetize the installed base. Negatives include year-over-year revenue declines driven largely by product weakness (-13% YoY), significant margin compression (overall gross margin down ~380 basis points YoY with larger service margin deterioration), an operating loss for the quarter, tariff and parts-related cost pressure, geopolitical disruptions in the Middle East and continued China uncertainty, and the withdrawal of financial guidance. Taken together, the fundamentals show promising structural improvements and strategic clarity, but near-term top-line pressure, margin headwinds, and external uncertainty sustain material execution and visibility risk.Company Guidance
Product Orders and Backlog
Product gross orders for the quarter were approximately $49 million with a book-to-bill of 1.0 for the quarter and a trailing twelve-month ratio of 1.2. Reported order backlog of approximately $356 million (orders younger than 30 months).
Strategic Hires and Partnerships
Appointed Paul Maielli as Chief Commercial Officer to drive commercial execution. Progress on partnerships and clinical evidence initiatives (e.g., multicenter registry with the Radiosurgery Society) and collaborations with organizations including University of Wisconsin–Madison and Tata Consulting Services to strengthen product differentiation and accelerate go-to-market.
New Service and Software Offerings
Launched new training and educational solutions and plans to offer software packages within service agreements to better monetize the installed base and increase recurring revenue opportunities.
Total Revenue and Sequential Growth
Total revenue of $104.8 million in Q3 FY2026, up 3% sequentially but down 7% year-over-year (down 10% on a constant currency basis).
Service Business Resilience and Contract Coverage
Service revenue of $55.1 million, down 1% year-over-year (down 5% constant currency). Contract capture rate remained strong at nearly 90% of active systems covered by service agreements, supporting recurring revenue potential.
Transformation Cost Savings Ahead of Plan
Launched a transformation plan targeting approximately $25 million of annualized operating improvements (transcript references $25 billion which appears to be a likely typo; context indicates $25 million). Company expects roughly $12 million to benefit fiscal 2026; achieved approximately $10 million of improvements by the end of Q3 and is on track to exceed the $12 million FY2026 target.
Operational Actions to Improve Margins and Execution
Actions include ~15% workforce reduction, rightsizing cost structure, ERP and BI deployment, organizational realignment, reallocation of engineering resources to higher ROI programs, distributor partnership discipline, pricing optimization, and enhancements to service systems to improve cash conversion and margin quality.
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 |
|---|---|---|---|
May 06, 2026 | $0.48 | $0.29 | -38.57% |
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% |
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 Aug 19, 2026, After Close (Confirmed).
What is Accuray Incorporated (ARAY) earnings time?
Accuray Incorporated (ARAY) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ARAY EPS forecast?
ARAY EPS forecast for the fiscal quarter 2026 (Q4) is -0.03.