Accuray Q2 net loss $0.11 per share; revenue down 12%; launches $25M transformation plan

ACCURAY INC

2026-Q2 EPS reported -$0.30 revenue$196,183,000

Total net revenue $102.2M, down 12% YoY; product revenue fell 26% to $45.0M, service revenue up 4% to $57.2M.
Net loss $13.8M ($0.11 diluted EPS) vs prior-year net income $2.5M ($0.02 EPS); adjusted EBITDA negative $1.9M.
CEO Steve La Neve announced transformational plan targeting ~$25M annualized operating profit improvement, including ~15% global workforce reduction.
Q2 restructuring charges $6.1M; ~$13M total restructuring charges expected for FY2026.
Updated FY2026 guidance: revenue $440-450M, adjusted EBITDA $22-25M; backlog $383.3M down 17% YoY.

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