Butterfly Network

Q3 FY2026 EarningsQ3 FY26 results significantly beat consensus across all key metrics: revenue of $32.6M exceeded the $28.3M expectation (+15.0%), and gross margin hit a record 73.0% vs. the 67.9% forecast. The beat was primarily driven by high-margin Butterfly Embedded™ licensing revenue and strong U.S. enterprise sales. Management raised FY26 revenue guidance to $123M–$126M and improved Adjusted EBITDA outlook, signaling strong momentum in AI and semiconductor-based ultrasound adoption.