secwatch.observer — SEC 8-K summary
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Issuer:     ACCURAY INC (ARAY)
CIK:        0001138723
Form:       8-K
Filed at:   2026-08-19T20:04:50+00:00
Accession:  0001437749-26-028532
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accuray Q4 revenue down 21% YoY; FY26 net loss $49.2M; TCW financing closes
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- Q4 revenue $100.9M (-21% YoY); product revenue $40.8M (-42%), service revenue $60.1M (+6%).
- Q4 net loss $1.9M ($0.02/share) vs prior-year income $1.1M; adjusted EBITDA $12.9M vs $9.4M.
- FY26 net loss $49.2M ($0.40/share) vs $1.6M loss; revenue $401.9M (-12%); adjusted EBITDA $10.6M vs $28.3M.
- Transformation plan delivered >$20M cost/margin improvement in FY26, exceeding $12M target; TCW financing strengthens liquidity, reduces leverage.
- No FY27 revenue or EBITDA guidance given due to geopolitical, tariff, and China/Middle East uncertainty; service growth expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138723/000143774926028532/0001437749-26-028532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138723/000143774926028532/aray20260508_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-028532

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