Pulmonx (LUNG) Upgraded to Buy: What Does It Mean for the Stock?
Pulmonx (LUNG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Pulmonx Corporation is a biomedical technology firm dedicated to developing and commercializing advanced, less invasive devices for managing chronic obstructive pulmonary diseases. ...
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Est. EPS $-0.26 · Revenue $21.93M · 3 analysts
Est. EPS $-0.21 · Revenue $25.28M · 3 analysts
Est. EPS $-1.02 · Revenue $90.54M · 4 analysts
Est. EPS $-0.25 · Revenue $23.12M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $90.5M | +8.0% | +10.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-54.0M | +4.2% | +26.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +74.2% | +0.3% | +0.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -59.3% | +13.9% | +36.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -59.7% | +11.3% | +33.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-32.9M | +0.3% | +48.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -36.4% | +7.7% | +53.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 104.2% | +58.3% | +16.6% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 5.07x | -9.1% | -12.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $129.3M | -20.6% | -4.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.33 vs -1.46 | +9.1% | -0.23 vs -0.26 | +10.4% |
| Revenue Surprise | $90.5M vs $89.6M | +1.0% | $22.8M vs $21.9M | +3.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | French Glendon E. III | director, officer: President and CEO | Common Stock | D | 4,098 | $2.26 |
| Sep 1, 2026 | French Glendon E. III | director, officer: President and CEO | Common Stock | D | 37,784 | $2.26 |
| Sep 1, 2026 | Radhakrishnan Srikanth | officer: Chief Science & Techn. Officer | Common Stock | D | 2,643 | $2.26 |
| Sep 1, 2026 | Radhakrishnan Srikanth | officer: Chief Science & Techn. Officer | Common Stock | D | 2,121 | $2.26 |
| Sep 1, 2026 | Radhakrishnan Srikanth | officer: Chief Science & Techn. Officer | Common Stock | D | 3,618 | $2.26 |
Operator: Ladies and gentlemen, thank you for standing by. Welcome to Pulmonx' Second Quarter 2026 Earnings Conference Call. Please be advised that today's conference is being recorded. I would like now to turn the call over to Webb Campbell, Investor Relations. Please go ahead. Webb Campbell: Good afternoon, and thank you for joining today's call. Joining me from Pulmonx are Glen French, President and Chief Executive Officer; and Derrick Sung, Chief Operating Officer and Chief Financial Officer. Earlier today, Pulmonx issued a press release announcing its financial results for the quarter-ended June 30, 2026. A copy of the press release is available on the Pulmonx website. Before we begin, I'd like to remind you that management will make statements during this call that include forward-looking statements within the meaning of federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that relate to expectations or predictions of future events, results or performance are forward-looking statements. All forward-looking statements, including, without limitations, those related to our operating trends, commercial strategies and future financial performance including long-term outlook and full year 2026 guidance, the timing and results of clinical trials, physician engagement, expense management, market opportunity, guidance for revenue, gross margin, operating expense, cash usage, commercial expansion and product demand, adoption and pipeline development are based upon our current estimates and various assumptions. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated or implied by these forward-looking statements. Accordingly, you should not place undue reliance on these statements. For a list and description of the risks and uncertainties associated with our business, please refer to the Risk Factors section of our filings with the Securities and Exchange Commission, including our quarterly report on Form 10-Q filed with the SEC on May 4, 2026. Also, during this call, we will discuss certain non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are provided in the press release, which is posted on our Investor Relations website. These non-GAAP measures are not intended to be a substitute for our GAAP results. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, July 29, 2026. Pulmonx disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events or otherwise. And with that I will turn the call over to Glen. Glendon French: Thank you, Webb. Good afternoon, everyone, and …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Geoffrey Beran Rose | Chief Commercial Officer | USD 632,293 | Male | 1974 | Active |
David A. Lehman | General Counsel & Secretary | USD 516,643 | Male | 1961 | Active |
Glendon E. French | Chief Executive Officer, President & Director | USD 319,520 | Male | 1962 | Active |
Derrick Sung | Chief Financial Officer & Chief Operating Officer | USD 283,391 | — | 1973 | Active |
Srikanth Radhakrishnan | Chief Science & Technology Officer | — | Male | 1973 | Active |
Marcee Maroney | Vice President of Marketing | — | Female | 1970 | Active |
Narinder S. Shargill | Senior Vice President of Global Medical & Clinical Affairs | — | — | 1955 | Active |
Jérôme Erath | Senior Vice President & GM of International | — | Male | — | Active |
John McKune | VP of Finance & Corporate Controller | — | Male | 1976 | Active |
Lisa Paul | Chief People Officer | — | Female | 1964 | Active |
Pulmonx (LUNG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Pulmonx Corporation (LUNG) Q2 2026 Earnings Call Transcript

Pulmonx NASDAQ: LUNG reported second-quarter revenue of $22.8 million and reiterated its full-year 2026 revenue outlook, while executives highlighted progress in rebuilding the U.S. sales organization, reducing operating expenses and preparing to resume shipments to China.

Pulmonx Corporation (LUNG) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to a loss of $0.38 per share a year ago.

REDWOOD CITY, Calif., July 29, 2026 (GLOBE NEWSWIRE) -- Pulmonx Corporation (Nasdaq: LUNG) (“Pulmonx” or the “Company”), a global leader in minimally invasive treatments for lung disease, today reported financial results for the second quarter of 2026 ended June 30, 2026.
