Butterfly Network Raises FY26 Revenue Guidance to $119M-$123M After 39% Q2 Surge
BFLY has more than doubled off its 52-week low of $1.32.
Summary
Butterfly Network delivered Q2 revenue of $32.6M, a 39% year-over-year jump, beating estimates on strong U.S. demand. The company raised its full-year revenue guidance to $119M-$123M and provided a Q3 revenue outlook of $26M-$30M. Gross margins hit a record, signaling improving unit economics. This follows a wave of insider selling by the founder and CEO in recent weeks, making the strong operational beat a notable counterpoint. The raised guide implies accelerating momentum in the second half, with the midpoint now 22% above the prior implied range.
At the time of this announcement, BFLY was trading at $7.25 on NYSE in the Life Sciences sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $1.32 to $9.69. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.