Accuray reported Q3 FY2026 results with total net revenue of $104.8 million, down 7% year-over-year, withdrew FY2026 guidance due to Middle East geopolitical uncertainty, and achieved $10 million in cost improvements.
Key takeaways
Total net revenue $104.8M in Q3 FY2026, down 7% from $113.2M prior year.
Product revenue $49.7M, down 13%; service revenue $55.1M, down 1%.
Gross margin 24.1% vs 27.9% prior year, impacted by higher parts consumption and logistics costs.
Withdrew FY2026 financial guidance due to Middle East geopolitical delays in shipments and installations.
Achieved ~$10M cost and margin improvements through Q3, ahead of $12M FY2026 target.
Appointed Paul Miele as Chief Commercial Officer to strengthen commercial leadership.
Order backlog $356.2M as of March 31, 2026, 21% lower than prior year Q3.