Earnings Releases·Nov 4, 2026, 4:03 PM ET

Accuray — Fiscal 2027 First Quarter Earnings Summary

Total net revenue declined 8% year-over-year to $86.5 million, driven by a 26% drop in product revenue to $27.3 million, while service revenue rose 4% to $59.2 million; gross product orders fell 50% to $19.8 million with a book-to-bill ratio of 0.7.
Adjusted EBITDA improved to a positive $2.5 million from a negative $4.1 million in the prior year, excluding a $35.4 million non-cash goodwill impairment charge and a $59.6 million non-cash gain on debt extinguishment.
The company executed a financing transaction with TCW involving a $40 million debt-for-equity exchange, reducing long-term debt to $94.972 million and increasing cash reserves to $50.4 million, while management continues to provide no formal fiscal 2027 revenue or EBITDA guidance.
Strategic priorities for fiscal 2027 focus on executing cost efficiencies, converting customer engagement into product orders, and advancing partnerships with RaySearch and Samsung NeuroLogica, though order backlog remains 31% lower year-over-year at $272.0 million.