Butterfly Network's second quarter revenue surged 39% to $32.6M, beating estimates and leading to raised FY2026 guidance.

Butterfly Network reported record second quarter 2026 revenue of $32.6 million, a 39% increase year-over-year, significantly beating analyst expectations. The company posted a GAAP loss per share of $0.05, in line with estimates and an improvement from a $0.06 loss in the prior-year period.

Key Highlights

• Gross margin expanded by 770 basis points to 71.4%, driven by higher-margin licensing revenue from Butterfly Embedded partnerships.
• Adjusted EBITDA loss narrowed significantly to $1.4 million, an improvement of 78% from a loss of $6.2 million in the same quarter last year.
• The company raised its full-year 2026 revenue guidance to a range of $119 million to $123 million and improved its adjusted EBITDA loss guidance.