QT Imaging — Q3 2026 Earnings Summary

QT Imaging reported a 75% year-over-year revenue increase to $7.3 million in the third quarter of 2026, bringing year-to-date revenue to $21.3 million with 43 scanners sold. The company achieved a major milestone when CMS established a separate Medicare hospital outpatient payment for diagnostic QTscan examinations, effective January 1, 2027. While U.S. shipments remain on plan, full-year 2026 revenue guidance was adjusted downward to approximately $34 million due to shipment delays in the Middle East caused by ongoing armed conflict. Additionally, the company doubled its manufacturing capacity by relocating to a new 22,000-square-foot facility in Petaluma, California, and successfully completed its first routine FDA inspection with zero observations.