Accuray posts $10.1 million Q1 profit on debt gain as revenue falls 8% to $86.5 million
Accuray reported fiscal 2027 first quarter results for the period ended September 30, 2026. Total net revenue fell 8% to $86.5 million and gross product orders fell to $19.8 million from $39.6 million, while GAAP net income of $10.1 million was driven by a $59.6 million non-cash gain on debt extinguishment, offset by a $35.4 million non-cash goodwill impairment. The company continues not to provide formal revenue or Adjusted EBITDA guidance for fiscal 2027.
Key points
- Total net revenue was $86.5 million, down 8% from $93.9 million; product revenue fell 26% to $27.3 million, while service revenue rose 4% to $59.2 million.
- GAAP net income was $10.1 million, or $0.07 per diluted share, including the $59.6 million gain on extinguishment of debt and the $35.4 million goodwill impairment charge.
- Excluding both items, net loss was $14.0 million, or $0.10 per share, compared with a net loss of $21.7 million, or $0.18 per share, a year earlier.
- Gross product orders were $19.8 million versus $39.6 million; order backlog was $272.0 million, about 31% lower year over year.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
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