Butterfly Network Q2 revenue beats on strong U.S. demand

Butterfly Network

30/07/2026 11:41

Overview
U.S. ultrasound device maker's Q2 revenue grew 39% yr/yr, beating analyst expectations
Adjusted loss per share for Q2 beat analyst expectations
Company raised full-year revenue and adjusted EBITDA guidance

Outlook
Butterfly Network raises 2026 revenue guidance to $119 mln-$123 mln, up 22%-26%
Company expects Q3 2026 revenue of $26 mln-$30 mln, about 30% growth at midpoint
Company expects first Home & Community Care commercial revenue in Q4 2026

Result Drivers
U.S. REVENUE GROWTH - Company said U.S. revenue rose 57% yr/yr, driven by Embedded partnerships and increased probe sales to health systems, medical schools, and eCommerce customers
GROSS MARGIN EXPANSION - Gross margin rose to 71.4%, mainly due to higher-margin Embedded licensing revenue and reduced software amortization costs
INTERNATIONAL REVENUE DECLINE - International revenue fell 14% yr/yr, largely due to decreased probe sales to international distribution partners, partly offset by commercial expansion into Brazil

Company press release: ID:nBw4skbJJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$32.60 mln
$29.36 mln (5 Analysts)
Q2 Adjusted Loss Per Share
Beat
$0.01
$0.06 (4 Analysts)
Q2 Loss Per Share
 
$0.05
 
Q2 Net Loss
 
$12.90 mln
 
Q2 Adjusted EBITDA
 
-$1.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 Butterfly Network Inc is $6.00, about 15.5% below its July 29 closing price of $7.10

Reuters Recommended Reads
July 29 - GE HealthCare tops quarterly estimates, weighs patient care unit sale
July 29 - Glaukos Q2 sales jump 50%; raises net sales forecast
July 29 - Bausch + Lomb Q2 revenue beats on surgical segment growth; lifts outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)