EL7.AI
StocksMedium•10 November 2026•
2 min read

BrainsWay Raises Third-Quarter Revenue 34% to $18.1 Million and Net Income 42%

Key Facts

1BrainsWay's third-quarter 2026 revenue rose 34% to $18.1 million, from $13.5 million a year earlier.
2Net income increased 42% to $2.2 million, compared with $1.6 million in the third quarter of 2025.
3Operating income rose to $2.6 million from $1.3 million, and its margin widened to 14% from 9%.
4The company shipped 130 Deep TMS systems during the quarter, up 44% year over year, bringing its installed base to about 2,080.
5The company expects 2026 results to come in at the high end of its previous guidance ranges, with the possibility of exceeding them modestly.

BrainsWay reported that revenue in the third quarter of 2026 rose 34% to $18.1 million, compared with $13.5 million in the same period a year earlier. The company said in its filing that net income increased 42% to $2.2 million, versus $1.6 million a year earlier. Revenue growth came alongside higher operating income and a wider margin, showing improved profitability as sales expanded. Before the results announcement, the company's shares, listed under the ticker BWAY, closed at $11.64 in the November 9 session. The company had said the quarterly results would be released before the U.S. market opened on November 10, with an investor call at 8:30 a.m. Eastern time.

Operating income reached $2.6 million in the third quarter, up 107% from $1.3 million in the corresponding period of 2025. Operating income margin rose to 14% from 9%, according to the company's filing. Adjusted earnings before interest, taxes, depreciation and amortization increased 92% to $3.9 million, compared with $2.0 million a year earlier. The margin on this measure widened to 21% from 15% in the year-earlier quarter. Chief Executive Hadar Levy said the results show the company's ability to convert revenue growth into profitability and higher cash generation.

BrainsWay shipped about 130 Deep TMS systems during the quarter, up 44% from the same period a year earlier. The shipments lifted its installed base to about 2,080 systems, the company said. It also reported remaining performance obligations of about $85 million as of September 30, 2026. These obligations increased 31% from September 30 of the previous year. Levy linked the performance to broader adoption of Deep TMS, momentum in recurring revenue and operating leverage.

BrainsWay said it expects fiscal 2026 results to come in at the high end of the guidance ranges it previously issued, with the possibility of exceeding them modestly. The company reported revenue of $17.1 million in the second quarter of 2026, up 35% from $12.6 million in the corresponding period of 2025. Net income for that quarter was $2.7 million, compared with $2.0 million a year earlier, an increase of 34%. In its second-quarter results announcement, the company said it had raised its full-year financial guidance. Its current guidance places the year's results at the high end of its previous ranges, according to its filing.

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