Jun 2026 (Q2 FY26) — Jul 29, 2026
Pulmonx Q2 FY26 — Re-accelerating Sales Growth and Operating Leverage
Read the full callPulmonx earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 22.8 | −4.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -39.8 | +22.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -10.1 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $1.52 on 17 Oct 2025 → $1.75. High $2.6 (19 Dec 2025), low $1.17 (27 Mar 2026).
Overview
Call summaries
Pulmonx Q2 FY26 — Re-accelerating Sales Growth and Operating Leverage
Read the full callEvery analysed call
Financials
Net profit, year on year: +34% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 24 | 23 | 24 | 22 | 23 | 21 | 23 |
| Operating profit | -14 | -13 | -15 | -15 | -14 | -10 | -13 | -9 |
| Operating margin | −69.3% | −56.5% | −64.6% | −62.0% | −66.9% | −43.8% | −62.9% | −39.8% |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -14 | -13 | -14 | -15 | -14 | -10 | -14 | -10 |
| Tax rate | −1.4% | −0.3% | −0.9% | −1.2% | −0.9% | −1.8% | −1.1% | −1.3% |
| Net profit | -14 | -13 | -14 | -15 | -14 | -10 | -14 | -10 |
| EPS ($ per share) | -0.36 | — | -0.36 | -0.38 | -0.34 | — | -0.33 | -0.24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -211 | -243 | -291 | -350 | -411 | -468 | -522 |
| Total liabilities | — | 36 | 38 | 42 | 40 | 59 | 77 | 75 |
| Fixed assets | — | 1 | 1 | 5 | 5 | 4 | 3 | 2 |
| Total assets | — | 54 | 264 | 235 | 194 | 178 | 163 | 129 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -18 | -21 | -31 | -41 | -45 | -38 | -32 | -32 |
| Cash from investing | 0 | -14 | 13 | -46 | -4 | -2 | 17 | 30 |
| Cash from financing | 12 | 46 | 235 | 4 | 2 | 21 | 1 | 1 |
| Net cash flow | -6 | 11 | 217 | -83 | -47 | -18 | -13 | -1 |
| Capital expenditure | -0 | -1 | -1 | -4 | -1 | -1 | -1 | -0 |
| Free cash flow | -19 | -21 | -32 | -45 | -46 | -38 | -33 | -33 |
66 filings between Dec 1, 2025 and Sep 1, 2026.
Purchases
None
No insider bought shares.
Sales
$547.9K
55 sales by 5 insiders
2% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| French Glendon E. III | — | $292.3K | Sep 1, 2026 |
| Lehman David Aaron | — | $88.5K | Sep 1, 2026 |
| Radhakrishnan Srikanth | — | $69.5K | Sep 1, 2026 |
| Rose Geoffrey Beran | — | $51.1K | Sep 1, 2026 |
| Florin Daniel P | — | $46.4K | Dec 8, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | Rose Geoffrey Beran Chief Commercial Officer | Sale | 1,530 | $3.5K |
| Sep 1, 2026 | Radhakrishnan Srikanth Chief Science & Techn. Officer | Sale | 2,643 | $6.0K |
| Sep 1, 2026 | Radhakrishnan Srikanth Chief Science & Techn. Officer | Sale | 2,121 | $4.8K |
| Sep 1, 2026 | French Glendon E. III President and CEO | Sale | 4,098 | $9.3K |
| Sep 1, 2026 | French Glendon E. III President and CEO | Sale | 37,784 | $85.4K |
| Sep 1, 2026 | Lehman David Aaron General Counsel | Sale | 4,827 | $10.9K |
| Sep 1, 2026 | Lehman David Aaron General Counsel | Sale | 3,807 | $8.6K |
| Sep 1, 2026 | Lehman David Aaron General Counsel | Sale | 3,476 | $7.9K |
| Sep 1, 2026 | Rose Geoffrey Beran Chief Commercial Officer | Sale | 1,746 | $3.9K |
| Sep 1, 2026 | Lehman David Aaron General Counsel | Sale | 2,224 | $5.0K |
| Sep 1, 2026 | Rose Geoffrey Beran Chief Commercial Officer | Sale | 2,213 | $5.0K |
| Sep 1, 2026 | Radhakrishnan Srikanth Chief Science & Techn. Officer | Sale | 5,863 | $13.3K |
| Sep 1, 2026 | Radhakrishnan Srikanth Chief Science & Techn. Officer | Sale | 3,618 | $8.2K |
| Sep 1, 2026 | Rose Geoffrey Beran Chief Commercial Officer | Sale | 2,390 | $5.4K |
| Jun 5, 2026 | Florin Daniel P Director | Award | 40,000 | $0 |
| Jun 5, 2026 | Ferrari Richard Director | Award | 40,000 | $0 |
| Jun 5, 2026 | Sullivan Tiffany Director | Award | 40,000 | $0 |
| Jun 5, 2026 | Melenikiotou Georgia Director | Award | 40,000 | $0 |
| Jun 5, 2026 | Mead Dana G Jr. Director | Award | 40,000 | $0 |
| Jun 5, 2026 | Burns Thomas William Director | Award | 40,000 | $0 |
| Jun 2, 2026 | French Glendon E. III President and CEO | Sale | 13,511 | $21.2K |
| Jun 1, 2026 | French Glendon E. III President and CEO | Sale | 4,171 | $6.4K |
| Jun 1, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 1,557 | $2.4K |
| Jun 1, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 1,778 | $2.7K |
| Jun 1, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 4,915 | $7.6K |
| Jun 1, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 2,264 | $3.5K |
| Jun 1, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 2,254 | $3.5K |
| Jun 1, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 3,539 | $5.5K |
| Jun 1, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 5,969 | $9.2K |
| Jun 1, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 3,684 | $5.7K |
| Jun 1, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 2,434 | $3.7K |
| Jun 1, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 2,153 | $3.3K |
| Jun 1, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 2,691 | $4.1K |
| Jun 1, 2026 | French Glendon E. III President and CEO | Sale | 38,467 | $59.2K |
| Jun 1, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 3,876 | $6.0K |
| Mar 2, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Award | 100,000 | $0 |
| Mar 2, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 2,911 | $4.2K |
| Mar 2, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 1,861 | $2.7K |
| Mar 2, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 2,125 | $3.0K |
| Mar 2, 2026 | Rose Geoffrey Beran CHIEF COMMERCIAL OFFICER | Sale | 835 | $1.2K |
| Mar 2, 2026 | Lehman David Aaron GENERAL COUNSEL | Award | 150,000 | $0 |
| Mar 2, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 4,433 | $6.3K |
| Mar 2, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 2,590 | $3.7K |
| Mar 2, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 1,163 | $1.7K |
| Mar 2, 2026 | Lehman David Aaron GENERAL COUNSEL | Sale | 4,051 | $5.8K |
| Mar 2, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Award | 175,000 | $0 |
| Mar 2, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 4,198 | $6.0K |
| Mar 2, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 2,461 | $3.5K |
| Mar 2, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 3,068 | $4.4K |
| Mar 2, 2026 | Radhakrishnan Srikanth Chief Science &Techn. Officer | Sale | 756 | $1.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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