Overview

• US ophthalmic device maker's preliminary Q2 sales are approximately $27 mln

• Company faced commercial headwinds in Q2, including more widespread competitive trialing

• 2026 sales revenue guidance lowered, gross margin outlook raised

Outlook

• RxSight now sees 2026 sales of $110 mln-$120 mln, down from $120 mln-$135 mln prior guidance

• Company raises 2026 gross margin outlook to 73%-75% from previous 70%-72%

• RxSight expects 2026 operating expense at high-end of $150 mln-$160 mln range, in line with previous guidance

Result Drivers

• COMPETITIVE PRESSURE - Co said more widespread competitive trialing created commercial headwinds in Q2

• LAL SALES - Sales included 24,917 Light Adjustable Lens units and 11 Light Delivery Devices

• COLLABORATION REVENUE - Q2 prelim revenue included $5 to $7 mln from Alcon strategic collaboration

Company press release: ID:nGNX6ZPtfG

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Prelim Sales		$27 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy."

• Wall Street's median 12-month price target for Rxsight Inc is $9.00, about 60.4% above its July 2 closing price of $5.61

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