NASDAQ$OM

Outset Medical Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Outset Medical reported Q1 2026 revenue of $27.9M and a net loss of $19.0M, with diluted loss per share of $1.03.

Total revenue was $27.9 million (-6% YoY) for the Tablo dialysis system maker. Net loss was $19.0 million vs. $25.8 million; diluted loss per share was $1.03. R&D and sales and marketing remained the largest operating costs.

  • Revenue $27.9M (-6% YoY).
  • Net loss $(19.0)M; diluted EPS $(1.03).
  • Product and service revenue mix.
  • Interest expense and debt overhang.

Headline financials

Total Revenue

$27.9M

Previous: $29.8M-6.3%
EPS (adj)

-$1.03

Previous: -$3.66+71.9%
Capital Expenditures

-$65K

Previous: -$123K+47.2%
Net Income

-$19M

Previous: -$25.8M+26.4%
Operating Income

-$16.9M

Previous: -$16.4M-3.2%
Gross Profit

$12.1M

Previous: $11.1M+9.0%

Revenue & EPS history

Outset Medical · Revenue · Quarterly

$27.9M

Q1 2026-6.3%vs Q1 2025
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Outset Medical · $30.4M total across 2 segments · Q3 2023

  • Product Revenue
    $23.5M
  • Service and Other Revenue
    $6.83M

Forward guidance

Tablo adoption and home dialysis penetration are MD&A themes.

Tailwinds

  • Loss narrowed vs. prior year.
  • Differentiated dialysis technology.

Headwinds

  • Revenue decline.
  • Path to profitability still uncertain.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-2.7%

Avg return

Earnings day

-4.8%

Avg return

5 days after

+0.5%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+33.5%

Q1 2025

Best reaction

-69.6%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.2%-17.1%-2.3%
Q4 2025-16.3%-28.4%-28.3%
Q3 2025-48.6%-61.2%-64.5%
Q1 2025+33.5%+46.8%+78.3%
Q4 2024+2.1%-13.0%-28.7%
Q3 2024+23.7%+36.0%+91.4%
Q2 2024-69.6%-75.0%-86.1%
Q1 2024-13.7%-18.2%+18.7%
Q4 2023+1.8%+9.3%-40.6%
Q3 2023-13.6%-13.8%+33.7%
Q2 2023-14.6%-17.5%-31.8%
Q1 2023+8.3%+3.4%+15.4%
Q4 2022-6.5%-10.6%-30.5%
Q3 2022+20.2%+44.2%+82.5%
Q2 2022+21.8%+23.5%+18.4%
Q1 2022-13.2%-38.5%-39.5%
Q4 2021+9.5%+15.9%+22.6%
Q3 2021-0.1%-4.6%-22.9%
Q2 2021-2.5%-9.9%+21.1%
Q1 2020-5.6%-14.4%-16.7%
Q1 2021-9.1%-11.9%-17.6%
Q2 2020+6.0%+0.1%+12.2%
Q4 2020+12.5%+8.9%+18.4%
Q3 2020+5.5%+29.6%+8.4%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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