Why Is BUTTERFLY NETWORK IN Class A (BFLY) Stock Down Today?

Butterfly Network Inc. (BFLY) shares fell 7.83% to $7.53 in morning trading on July 31, 2026. The stock opened at $8.00, but quickly declined after the company released its second-quarter 2026 earnings report and updated guidance. The stock traded as low as $7.47 before settling near $7.52. The decline followed a recent 22.2% rise over the prior eight sessions, and the current price is near the 52-week low of $1.32.

What Happened

The company reported non-GAAP earnings of -$0.01 for the second quarter of 2026, which beat estimates by $0.03. Revenue was reported at $32.6 million, a 39% year-over-year increase and $3.38 million above expectations. Despite these positive results, the stock declined after the company updated its full-year 2026 revenue guidance to a range of $119 million to $123 million, up from a prior range of $117 million to $121 million. The company also provided a Q3 revenue forecast of $26 million to $30 million, below the $28.46 million estimate. Additionally, several executives and directors, including CEO Joseph Devivo and CFO John Doherty, sold shares in early July. These insider sales may have contributed to investor caution.

What The Data Shows

The stock opened with a 2.1% gap down from the prior close of $8.17. Volume so far is 1.3 million shares, or 0.2 times the 3-month daily average. The stock has traded in a volatile range from a high of $8.25 to a low of $7.47. Over the past 52 weeks, it has traded between $1.32 and $9.69. The company remains unprofitable with a trailing twelve-month EPS of -$0.30 and a net margin of -73.6%. The stock’s beta of 2.05 indicates it is more volatile than the broader market.

What To Watch

Investors should monitor the company’s Q3 earnings report and any further guidance updates. The stock is currently trading near its 52-week low, and continued insider sales may influence investor sentiment.