Refile: Israel's BrainsWay Q2 revenue rises 35% to record high on higher shipments, utilization

Brainsway

12/08/2026 12:41

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Aug 12 (Reuters) - 
Overview
Israel neurostimulation device maker's Q2 revenue grew 35% yr/yr to record level
Adjusted EBITDA for Q2 more than doubled yr/yr, margin expanded to 20%
Company raised full-year 2026 revenue and EBITDA guidance

Outlook
BrainsWay raises FY 2026 revenue guidance to $68 mln-$70 mln from $66 mln-$68 mln
Company lifts FY 2026 adjusted EBITDA outlook to $13 mln-$14 mln from $12 mln-$14 mln
BrainsWay expects FY 2026 operating income margin of 13.5%-14%

Result Drivers
RECORD SYSTEM SHIPMENTS - Co shipped a record 125 Deep TMS systems in Q2, up 42% yr/yr
EXPANDING INSURER COVERAGE - Co said growth was fueled by expanding reimbursement coverage for SWIFT protocol
HIGHER UTILIZATION - Co cited increasing utilization throughout its installed base as a growth driver
     
     
     

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$17.11 mln
 
Q2 EPS
 
$0.07
 
Q2 Net Income
 
$2.71 mln
 
Q2 Gross Profit
 
$12.77 mln
 
Q2 Operating Income
 
$2.39 mln
 
Q2 Pretax Profit
 
$2.92 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for Brainsway Ltd is $18.00, about 20.2% above its August 11 closing price of $14.98

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)