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Exhibit 99.1 ACCURAY Accuray Reports Fourth Quarter and Fiscal 2026 Financial Results _ MADISON , Wisconsin , August 19 , 2026 - Accuray Incorporated ( NASDAQ : ARAY ) today reported financial results for the fourth quarter and fiscal 2026 , ended June 30 , 2026 . Key Highlights • • The Company's transformation plan delivered more than $ 20 million of cost and margin improvement during fiscal 2026 , significantly exceeding the Company's original target of $ 12 million . The Company announced a comprehensive financing transaction with TCW Asset Management that strengthens liquidity , reduces leverage , provides relief for certain covenants through December 2027 , and enhances financial flexibility to support long - term strategic objectives . Service revenue increased 6 % year - over - year in the fourth quarter and 4 % for the full fiscal year , reflecting continued momentum and a stable foundation for profitable growth in the Company's recurring revenue business . The Company has been expanding its strategic partnership ecosystem through collaborations with leading organizations across imaging , software , engineering , adaptive therapy , research , and customer support ; accelerating innovation while enabling Accuray to remain focused on its core competencies . Strong customer engagement at ESTRO 2026 reinforced growing market interest in Accuray's differentiated technologies and supported a meaningful increase in qualified commercial opportunities . " Fiscal 2026 was a transformational year for Accuray . Throughout the year , we strengthened our operational foundation , improved accountability and execution , expanded our ecosystem of strategic partnerships , advanced differentiated technology capabilities , and took important steps to enhance our financial position , " said Steve LaNeve , President and Chief Executive Officer . " Despite ongoing geopolitical uncertainty , tariff pressures , and market volatility , we remained focused on the factors within our control and successfully executed against the transformation initiatives we introduced earlier in the fiscal year . As a result , Accuray enters fiscal 2027 as a stronger company with greater financial flexibility , and a clear focus on driving sustainable revenue growth , margin expansion , and long - term shareholder value . " Fiscal Fourth Quarter Results Total net revenue was $ 100.9 million for the fourth quarter of fiscal 2026 , or a decrease of 21 percent , as compared to $ 127.5 million in the prior fiscal year fourth quarter . Product revenue totaled $ 40.8 million , or a decrease of 42 percent , as compared to $ 70.7 million in the prior fiscal year fourth quarter , while service revenue totaled $ 60.1 million , or an increase of 6 percent , as compared to $ 56.8 million in the prior fiscal year fourth quarter . Total gross profit in the fourth quarter of fiscal 2026 was $ 35.1 million , or 34.8 percent of net revenue , as compared to total gross profit of $ 39.0 million , or 30.6 percent of net revenue in the prior fiscal year fourth quarter . Operating expenses were $ 29.6 million in the fourth quarter of fiscal 2026 , or a decrease of 15 percent , as compared to $ 34.7 million in the prior fiscal year fourth quarter . Operating expenses in the fourth quarter of fiscal 2026 include $ 0.7 million of restructuring charges . Excluding restructuring charges , operating expenses would have decreased by $ 5.9 million or 17 percent , as compared to the prior fiscal year fourth quarter . Net loss was $ 1.9 million , or $ 0.02 per share , in the fourth quarter of fiscal 2026 , as compared to a net income of $ 1.1 million , or $ 0.01 per share , in the prior fiscal year fourth quarter . Adjusted EBITDA was $ 12.9 million in the fourth quarter of fiscal 2026 compared to $ 9.4 million in the prior fiscal year fourth quarter . Gross product orders were $ 37.7 million in the fourth quarter of fiscal 2026 as compared to $ 84.7 million in the prior fiscal year fourth quarter . The book to bill ratio was 0.9 in the fourth quarter of fiscal 2026 , as compared to 1.2 in the prior fiscal year fourth quarter . Order backlog as of June 30 , 2026 , was $ 312.5 million , approximately 27 percent lower than the end of the prior fiscal year fourth quarter . Total cash , cash equivalents , and short - term restricted cash were $ 41.2 million as of June 30 , 2026 , an increase of $ 2.7 million from March 31 , 2026 .