Butterfly Network Reports Q2 2026 Earnings with Strong Revenue Growth
Butterfly Network (BFLY) reported second-quarter revenue of $32.6 million for fiscal year 2026, a 39% increase from the prior year driven by strong performance in its Butterfly Embedded segment. The company's gross profit rose to $23.3 million with an expanded margin of 71%, reflecting higher licensing revenue and strategic business mix shifts. The Core POCUS segment generated $21.9 million, up slightly at 2% year over year due to increased sales in U.S. health systems and medical schools. International revenue declined by 14% as a result of challenging comparisons against the prior year's iQ3 launch and order timing shifts into Q3. Butterfly also provided updated full-year guidance, raising its FY2026 revenue forecast to $119 million–$123 million (up from previous estimates) with adjusted EBITDA loss expected between $19 million and $23 million. The company ended the quarter with a cash balance of $125 million.
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