Procept Biorobotics Reports Disappointing Earnings Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Should l Buy PRCT?
Source: Benzinga
Procept Biorobotics Corp's stock fell 20.11% as it crossed below the 5-day SMA, reflecting investor concerns following disappointing earnings guidance.
The company reported Q4 2025 revenue of $76.4 million, which was below market expectations of $94.14 million, leading to a lowered fiscal 2026 sales guidance from $410 million-$430 million to $390 million-$410 million. Additionally, Bank of America downgraded the stock from 'Neutral' to 'Underperform', slashing the price target from $38 to $20, indicating skepticism about the company's future earnings potential.
This disappointing performance has raised concerns among investors about Procept's ability to meet growth expectations, despite some analysts suggesting the stock may be undervalued. The market's reaction indicates a significant shift in sentiment, which could impact future fundraising efforts.
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Analyst Views on PRCT
Wall Street analysts forecast PRCT stock price to rise
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 25.440
Low
38.00
Averages
51.75
High
65.00
Current: 25.440
Low
38.00
Averages
51.75
High
65.00
About PRCT
PROCEPT BioRobotics Corporation is a commercial-stage surgical robotics company. The Company is focused on advancing patient care by developing transformative solutions in urology. It develops, manufactures, and sells the AQUABEAM Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia (BPH). The Company's proprietary AQUABEAM Robotic System delivers Aquablation therapy, which combines real-time, multidimensional imaging, personalized treatment planning, automated robotics and heat-free waterjet ablation for targeted and rapid removal of prostate tissue. Aquablation therapy delivers effective, safe and durable outcomes for males suffering from lower urinary tract symptoms (LUTS), due to BPH, which are independent of prostate size and shape or surgeon experience.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PROCEPT BioRobotics Reports Strong Q1 2026 Revenue Growth
- Significant Revenue Growth: PROCEPT BioRobotics reported Q1 2026 revenue of $83.1 million, a 20% increase from $69.2 million year-over-year, with U.S. revenue at $72.0 million, reflecting strong demand and improved sales execution for its Aquablation platform.
- Increased Procedure Volume: Approximately 12,200 Aquablation procedures were performed in the U.S. during Q1, marking a 30% increase from the prior year, indicating substantial progress in market penetration and customer acceptance of the technology.
- Technology Innovation Approved: The company received FDA clearance for its second-generation First Assist AI software, enhancing personalized, image-guided planning for Aquablation therapy, which strengthens the consistency and effectiveness of its next-generation HYDROS robotic system.
- Optimistic 2026 Outlook: PROCEPT reaffirmed its 2026 revenue guidance of $390 million to $410 million, representing a 27% to 33% growth, with U.S. procedure growth expected between 39% and 48%, demonstrating confidence in future market opportunities.
See More
PROCEPT BioRobotics Q1 2026 Earnings Call Insights
- Revenue Performance: In Q1 2026, PROCEPT BioRobotics achieved total revenue of $83.1 million, showing significant growth compared to the previous quarter, indicating the company's resilience and growth potential, with full-year revenue expected to range between $390 million and $410 million.
- Margin Improvement: The company reported a gross margin of 65% for Q1, up from 61% in Q4 2025, reflecting successful pricing discipline and cost structure optimization, which is expected to lay the groundwork for future profitability.
- System Sales Dynamics: PROCEPT sold 49 Hydros systems in the first quarter, with an average selling price of approximately $485,000, demonstrating the company's competitiveness in the high-end medical device market and providing a solid foundation for future sales growth.
- Market Expansion Plans: The company launched the Hydros system in the U.K. for the first time and received a strong recommendation from updated EAU clinical guidelines, which is expected to further drive market acceptance and sales growth for Aquablation therapy, enhancing the company's influence in international markets.
See More
Procept Releases Financial Guidance for FY 2026
- Earnings Beat: Procept's Q1 GAAP EPS of $0.56 exceeds expectations by $1.12, indicating strong performance and improved profitability in the surgical robotics market.
- Significant Revenue Growth: The company reported Q1 revenue of $83.13 million, a 20.1% year-over-year increase, surpassing expectations by $2.59 million, reflecting sustained demand in the surgical robotics sector.
- 2026 Financial Guidance: Procept anticipates full-year 2026 revenue between $390 million and $410 million, representing a growth of 27% to 33% compared to the previous year, showcasing a positive outlook for future market conditions.
- Procedure Growth Expectations: The company expects U.S. procedure growth for 2026 to range from 39% to 48%, highlighting strong growth potential in the surgical robotics market and reinforcing its competitive position.
See More
Procept Scheduled to Announce Q1 Earnings with Mixed Estimates
- Earnings Announcement Date: Procept (PRCT) is set to release its Q1 2023 earnings on April 29th after market close, with consensus EPS estimate at -$0.56 and revenue estimate at $80.54 million, reflecting a 16.4% year-over-year growth.
- Performance Expectations: Over the past year, Procept has only beaten EPS estimates 25% of the time, while achieving a 100% success rate in beating revenue estimates, indicating stability in revenue but a need for improvement in profitability.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates, with 6 downward adjustments, and similarly, revenue estimates saw no upward revisions but 7 downward adjustments, suggesting market caution regarding the company's future performance.
- Long-term Revenue Goals: Procept has set a revenue target of $390 million to $410 million for 2026, and despite current performance missing expectations, the company aims to enhance its outlook through pricing discipline and commercial realignment, demonstrating confidence in future growth prospects.
See More
Chicago Capital Increases Stake in PROCEPT BioRobotics
- Increased Holdings: Chicago Capital increased its stake in PROCEPT BioRobotics by 969,592 shares in Q1 2026, valued at approximately $27.32 million, bringing its ownership to 1.46%, indicating confidence in the company's growth potential.
- Stock Volatility: As of April 23, 2026, PROCEPT shares were priced at $24.24, down 56.5% year-over-year, reflecting significant volatility typical in the medical device sector, raising concerns about its profitability.
- Sales Growth: Since 2022, the number of procedures performed using PROCEPT's AquaBeam system surged from 7,400 to 43,000, while the installed base increased from 167 to 718, demonstrating strong market acceptance of its minimally invasive solutions.
- Improved Profitability: Although still unprofitable, PROCEPT's EBITDA margins improved from -91% to -16%, and gross margins rose from 49% to 64%, indicating the potential for future profitability and competitive strength in the market.
See More
Inogen Shares Surge 6.9% Driven by Buy Rating
- Price Surge Reason: Inogen (INGN) shares rose 6.9% in the last trading session to $6.8, with trading volume significantly above average, indicating increased investor interest in the stock.
- Buy Rating Impact: The initiation of a “Buy” rating by Freedom Broker, along with a substantial price target, has attracted new investors, driving the stock's rise and reflecting market confidence in the company's future growth.
- Governance Improvement Signal: The appointment of industry veteran Vafa Jamali to the board and a cooperation agreement with activist shareholder Kent Lake signal stronger strategic alignment and execution oversight, further boosting market confidence.
- Earnings Forecast: Inogen is expected to report a quarterly loss of $0.24 per share, representing a 4% year-over-year change, with revenues projected at $82.4 million, up 0.2%, reflecting the company's stability and potential growth in the medical instruments sector.
See More
PROCEPT BioRobotics Reports Strong Q1 2026 Revenue Growth
- Significant Revenue Growth: PROCEPT BioRobotics reported Q1 2026 revenue of $83.1 million, a 20% increase from $69.2 million year-over-year, with U.S. revenue at $72.0 million, reflecting strong demand and improved sales execution for its Aquablation platform.
- Increased Procedure Volume: Approximately 12,200 Aquablation procedures were performed in the U.S. during Q1, marking a 30% increase from the prior year, indicating substantial progress in market penetration and customer acceptance of the technology.
- Technology Innovation Approved: The company received FDA clearance for its second-generation First Assist AI software, enhancing personalized, image-guided planning for Aquablation therapy, which strengthens the consistency and effectiveness of its next-generation HYDROS robotic system.
- Optimistic 2026 Outlook: PROCEPT reaffirmed its 2026 revenue guidance of $390 million to $410 million, representing a 27% to 33% growth, with U.S. procedure growth expected between 39% and 48%, demonstrating confidence in future market opportunities.
See More
PROCEPT BioRobotics Q1 2026 Earnings Call Insights
- Revenue Performance: In Q1 2026, PROCEPT BioRobotics achieved total revenue of $83.1 million, showing significant growth compared to the previous quarter, indicating the company's resilience and growth potential, with full-year revenue expected to range between $390 million and $410 million.
- Margin Improvement: The company reported a gross margin of 65% for Q1, up from 61% in Q4 2025, reflecting successful pricing discipline and cost structure optimization, which is expected to lay the groundwork for future profitability.
- System Sales Dynamics: PROCEPT sold 49 Hydros systems in the first quarter, with an average selling price of approximately $485,000, demonstrating the company's competitiveness in the high-end medical device market and providing a solid foundation for future sales growth.
- Market Expansion Plans: The company launched the Hydros system in the U.K. for the first time and received a strong recommendation from updated EAU clinical guidelines, which is expected to further drive market acceptance and sales growth for Aquablation therapy, enhancing the company's influence in international markets.
See More
Procept Releases Financial Guidance for FY 2026
- Earnings Beat: Procept's Q1 GAAP EPS of $0.56 exceeds expectations by $1.12, indicating strong performance and improved profitability in the surgical robotics market.
- Significant Revenue Growth: The company reported Q1 revenue of $83.13 million, a 20.1% year-over-year increase, surpassing expectations by $2.59 million, reflecting sustained demand in the surgical robotics sector.
- 2026 Financial Guidance: Procept anticipates full-year 2026 revenue between $390 million and $410 million, representing a growth of 27% to 33% compared to the previous year, showcasing a positive outlook for future market conditions.
- Procedure Growth Expectations: The company expects U.S. procedure growth for 2026 to range from 39% to 48%, highlighting strong growth potential in the surgical robotics market and reinforcing its competitive position.
See More
Procept Scheduled to Announce Q1 Earnings with Mixed Estimates
- Earnings Announcement Date: Procept (PRCT) is set to release its Q1 2023 earnings on April 29th after market close, with consensus EPS estimate at -$0.56 and revenue estimate at $80.54 million, reflecting a 16.4% year-over-year growth.
- Performance Expectations: Over the past year, Procept has only beaten EPS estimates 25% of the time, while achieving a 100% success rate in beating revenue estimates, indicating stability in revenue but a need for improvement in profitability.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates, with 6 downward adjustments, and similarly, revenue estimates saw no upward revisions but 7 downward adjustments, suggesting market caution regarding the company's future performance.
- Long-term Revenue Goals: Procept has set a revenue target of $390 million to $410 million for 2026, and despite current performance missing expectations, the company aims to enhance its outlook through pricing discipline and commercial realignment, demonstrating confidence in future growth prospects.
See More
Chicago Capital Increases Stake in PROCEPT BioRobotics
- Increased Holdings: Chicago Capital increased its stake in PROCEPT BioRobotics by 969,592 shares in Q1 2026, valued at approximately $27.32 million, bringing its ownership to 1.46%, indicating confidence in the company's growth potential.
- Stock Volatility: As of April 23, 2026, PROCEPT shares were priced at $24.24, down 56.5% year-over-year, reflecting significant volatility typical in the medical device sector, raising concerns about its profitability.
- Sales Growth: Since 2022, the number of procedures performed using PROCEPT's AquaBeam system surged from 7,400 to 43,000, while the installed base increased from 167 to 718, demonstrating strong market acceptance of its minimally invasive solutions.
- Improved Profitability: Although still unprofitable, PROCEPT's EBITDA margins improved from -91% to -16%, and gross margins rose from 49% to 64%, indicating the potential for future profitability and competitive strength in the market.
See More
Inogen Shares Surge 6.9% Driven by Buy Rating
- Price Surge Reason: Inogen (INGN) shares rose 6.9% in the last trading session to $6.8, with trading volume significantly above average, indicating increased investor interest in the stock.
- Buy Rating Impact: The initiation of a “Buy” rating by Freedom Broker, along with a substantial price target, has attracted new investors, driving the stock's rise and reflecting market confidence in the company's future growth.
- Governance Improvement Signal: The appointment of industry veteran Vafa Jamali to the board and a cooperation agreement with activist shareholder Kent Lake signal stronger strategic alignment and execution oversight, further boosting market confidence.
- Earnings Forecast: Inogen is expected to report a quarterly loss of $0.24 per share, representing a 4% year-over-year change, with revenues projected at $82.4 million, up 0.2%, reflecting the company's stability and potential growth in the medical instruments sector.
See More
