10-Q quarterly report · filed Aug 6, 2026

Outset Medical, Inc. (OM) Q2 2026 10-Q Quarterly Report

Short answer

Outset Medical, Inc. (OM) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $32M (up 0.7% year over year) with net income of −$18M.

Q2 2026 key financials · XBRL

Revenue
$32M
+0.7% YoY · +13.5% QoQ
Net income
−$18M
+3.0% YoY · +5.2% QoQ
Operating margin
-49.6%
Gross margin
42.0%
EPS (diluted)
−$0.97
−1177.8% YoY · +5.8% QoQ

Source: XBRL data from the Outset Medical, Inc. (OM) Q2 2026 10-Q on SEC EDGAR. USD.

Outset Medical, Inc. Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q2 revenue $31.635M, up 1% YoY from $31.419M
  • Service revenue $9.727M, up 17% YoY; product revenue $21.908M, down 5%
  • Gross margin 42.0% vs 37.8% YoY; operating loss $15.676M vs $16.865M
  • Cash, equivalents, restricted cash and short-term investments $151.0M at June 30, 2026
  • Six-month operating cash outflow $22.479M vs $30.486M; management expects operating losses near term

Risk Factors

  • Newly triggered regulatory risk: Q3 2026 FDA inspection of San Jose facility produced a Form FDA-483 with inspectional observations
  • Most materially updated risk: potential follow-on FDA communications or actions, with costly remediation and possible operating restrictions
  • Compliance risk: QMSR or supplier noncompliance could cause recalls, clearance withdrawals, production shutdowns, or penalties
  • Operational risk: supplier regulatory failures could delay Tablo production or prevent required quantities
  • Financial risk: August 5, 2026 credit amendment changed trailing-twelve-month net-revenue covenants and reset warrant exercise price to $4.838

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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