Butterfly Network, Inc. (BFLY) Earnings Call Transcripts
Butterfly Network, Inc.'s Latest Earnings Call - June 4, 2026
Butterfly Network, Inc. reported significant developments in Q2 2026, emphasizing its transition from a pure point-of-care ultrasound provider to a broader semiconductor technology company. Revenue for the fiscal year is projected between $117 million and $121 million, with a 25% growth in the last quarter. The company highlighted a $74 million licensing deal with Midjourney, a Gen AI text-to-image company, as a key revenue driver. Management did not provide specific earnings figures but emphasized reduced cash consumption and improving gross margins. The company is expanding its total addressable market (TAM) from $20 billion to $350 billion by licensing its semiconductor technology, signaling a strategic pivot that could significantly impact future growth.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $117M - $121M (inline) |
| Quarterly Revenue Growth | 25% (beat) |
| Gross Margins | Improving (positive) |
| Cash Consumption | Reduced (positive) |
Guidance from management
Management expects revenue between $117 million and $121 million for FY 2026, with a focus on reducing cash consumption and improving gross margins. No specific earnings guidance was provided.
What analysts pressed on
Analysts may be concerned about the execution risks associated with Butterfly's strategic pivot to semiconductor licensing and the scalability of its new business model. Questions may arise regarding the timeline and financial impact of these new initiatives.
Main topics on the call
- Semiconductor Licensing Expansion — Butterfly Network is expanding its TAM from $20 billion to $350 billion by licensing its semiconductor technology. The company has initiated a program called Butterfly Embedded to facilitate partnerships with third-party...
- Point-of-Care Ultrasound Growth — The company has sold over 150,000 ultrasound devices globally and anticipates significant uptake in point-of-care ultrasound. Management highlighted the development of a fourth-generation semiconductor to be released nex...
- Enterprise Software System - Compass — Butterfly Network introduced Compass, an enterprise software system that integrates ultrasound data into hospital EMRs, improving compliance from 30-35% to 70-80% and doubling ultrasound scanning revenue for hospitals.
- AI and Ecosystem Development — The company is developing AI models and has opened its ecosystem to third-party developers. With 30 development partners, Butterfly aims to transform ultrasound diagnostics with AI applications.
Read the full Butterfly Network, Inc. transcript (June 4, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Butterfly Network, Inc.
Butterfly Network, Inc. (BFLY) is a publicly listed company in the Health Care Equipment and Supplies industry, within the Health Care sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 33 calls on record spanning March 29, 2021 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 33 Butterfly Network, Inc. earnings call transcripts on record, spanning March 29, 2021 to July 30, 2026. Based on this history, Butterfly Network, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BFLY
- Exchange
- NYSE
- Country
- US
- Sector
- Health Care
- Calls on record
- 33
- First call
- March 29, 2021
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly