Record Q2 Revenue and Raised Guidance Highlight Butterfly Network's Growth Momentum
BFLY has more than doubled off its 52-week low of $1.32.
Summary
Butterfly Network posted Q2 revenue of $32.6M (up 39% YoY), record gross margins, and raised full-year guidance, demonstrating accelerating momentum in its ultrasound platform business.
Key Events · Earnings and Guidance · BFLY
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Record Q2 Revenue and Margin Expansion
Revenue reached $32.6 million, a 39% year-over-year increase, driven by Butterfly Embedded partnerships and higher probe sales. Gross margin improved to 71.4%, up 770 basis points from the prior year.
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Raised Full-Year Guidance
Full-year 2026 revenue guidance raised to $119–$123 million (22–26% growth), and adjusted EBITDA loss guidance improved to $19–$23 million, reflecting stronger operational performance.
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Adjusted EBITDA Nears Breakeven
Adjusted EBITDA loss was $1.4 million, a 78% improvement from $6.2 million a year ago, putting the company within striking distance of profitability.
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Strong Cash Position
Cash and equivalents stood at $124.7 million as of June 30, 2026, providing ample runway to fund growth initiatives.
Analysis · BFLY · Industrial Applications And Services
A standout quarter saw revenue jump 39% to $32.6 million, gross margins expand to 71.4%, and the adjusted EBITDA loss narrow sharply to just $1.4 million. The company raised its full-year revenue and adjusted EBITDA guidance, signaling confidence in its multi-engine growth strategy. This comes against a backdrop of heavy insider selling over the past two months, including the founder and CEO, making the strong operational results a critical counterpoint for investors assessing the stock's direction.
At the time of this filing, BFLY was trading at $7.25 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $1.32 to $9.69. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.