Radiation Therapy-Focused Accuray Details Workforce Reduction, Outsourcing In Major Transformation Push

Core Viewpoint - Accuray Incorporated is undergoing a significant strategic transformation aimed at improving profitability through cost control, accountability, and enhanced execution [1] Group 1: Strategic Transformation - The initial phase of the transformation focuses on reshaping the operating model to enable faster decision-making and stronger sales execution [2] - The company is streamlining its commercial structure, centralizing core functions, and adjusting reporting lines to enhance accountability [3] - Accuray plans to optimize its workforce and physical footprint, aligning them with strategic priorities, and will outsource selected non-core activities [3] Group 2: Financial Impact - The transformation is expected to improve operating profitability by approximately $25 million on an annualized run-rate basis once fully implemented [2] - Compensation and benefits savings will account for the majority of the expected profit improvement, with around $12 million anticipated in fiscal 2026 [5] - The company expects to incur restructuring charges totaling about $11 million across its fiscal second, third, and fourth quarters due to the transformation [5] Group 3: Current Financial Performance - Accuray reported a first-quarter 2026 loss of 16 cents per share, missing the consensus loss of six cents, while sales reached $93.94 million, down 7% year over year [6] - The company reaffirmed its fiscal 2026 sales guidance of $471 million to $485 million, compared to the consensus of $475.15 million [6]