Accuray Incorporated reported financial results for the second quarter (Q2) of fiscal 2026, with total net revenue of USD 102.2 million, reflecting a 12 percent decrease. Product revenue for the period was USD 45.0 million, down 26 percent, while service revenue rose 4 percent to USD 57.2 million. Total gross profit for Q2 was USD 24.1 million, representing 23.5 percent of total net revenue. The company announced the first phase of a comprehensive, strategic, operational, and organizational transformation plan during the quarter. This initiative is expected to improve annualized operating profitability by approximately USD 25 million and aims to position Accuray for future revenue growth. The plan includes organizational realignment, rightsizing of the cost structure, outsourcing, and sales enablement to enhance competitiveness and support the long-term strategy. Workforce optimization actions are anticipated to affect approximately 15 percent of the company’s global employees. For the third quarter of fiscal 2026, Accuray expects adjusted EBITDA in the range of USD 22 million to USD 25 million. The company continues to use adjusted EBITDA as a non-GAAP measure, which excludes depreciation and amortization, stock-based compensation, interest expense, provision for income taxes, gain or loss from change in fair value of warrant liability, and certain non-recurring, irregular, and one-time items.
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