Accuray Q1FY27 Results: Revenue down 8% YoY as China headwinds persist

Accuray reported an 8% year-over-year decline in net revenue to $86.5 million for Q1 FY27, primarily due to geopolitical challenges in China. Despite this, the company achieved a positive adjusted EBITDA of $2.5 million, a significant improvement from a $4.1 million loss in the prior year, driven by a 4% increase in service revenue and a 25% reduction in operating expenses. Product revenue fell 26%, and the book-to-bill ratio of 0.7 indicates ongoing pressure on future hardware sales.