Butterfly Network (BFLY) to Release Quarterly Earnings on Thursday

Butterfly Network (NYSE:BFLY) is projected to announce its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect Butterfly Network to post earnings of ($0.03) per share and revenue of $29.16 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 30, 2026 at 8:00 AM ET.

Butterfly Network (NYSE:BFLY) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Butterfly Network had a negative net margin of 73.63% and a negative return on equity of 34.41%. The firm had revenue of $26.53 million for the quarter, compared to the consensus estimate of $26.08 million. On average, analysts expect Butterfly Network to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Butterfly Network Trading Down 4.1%

Butterfly Network stock opened at $6.54 on Thursday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -21.81 and a beta of 2.05. The firm’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $4.86. Butterfly Network has a 1-year low of $1.32 and a 1-year high of $9.69.

Insider Activity

In other Butterfly Network news, CEO Joseph Devivo sold 204,725 shares of Butterfly Network stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $7.87, for a total transaction of $1,611,185.75. Following the transaction, the chief executive officer directly owned 7,883,844 shares of the company’s stock, valued at $62,045,852.28. The trade was a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John N. Doherty sold 55,229 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $7.87, for a total transaction of $434,652.23. Following the completion of the sale, the executive vice president owned 1,454,412 shares of the company’s stock, valued at approximately $11,446,222.44. The trade was a 3.66% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 736,367 shares of company stock worth $4,548,090. Company insiders own 21.99% of the company’s stock.

Institutional Investors Weigh In On Butterfly Network

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. bought a new position in shares of Butterfly Network during the 3rd quarter worth approximately $25,000. BNP Paribas Financial Markets grew its holdings in shares of Butterfly Network by 707.2% in the second quarter. BNP Paribas Financial Markets now owns 16,258 shares of the company’s stock valued at $33,000 after acquiring an additional 14,244 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Butterfly Network during the fourth quarter valued at approximately $38,000. CIBC Bancorp USA Inc. bought a new stake in Butterfly Network during the third quarter worth $40,000. Finally, Prudential Financial Inc. bought a new stake in Butterfly Network during the second quarter worth $40,000. 37.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research upgraded Butterfly Network from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.56.

Butterfly Network Company Profile

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.