Alphatec Holdings (ATEC) reported second-quarter 2026 total revenue of $214 million, up 15% year over year, for the quarter ended June 30, 2026. The company posted a GAAP net loss of $26 million and GAAP operating expenses of $156 million.

ATEC reaffirmed its full-year 2026 revenue outlook of approximately $882 million and raised adjusted EBITDA guidance to approximately $140 million. The company also said it continues to expect at least $20 million of free cash flow for fiscal 2026.

• Total revenue was $214 million, up 15% year over year.
• Surgical revenue was $196 million, up 17%, driven by 20% case volume growth.
• GAAP gross margin was 72.2%.
• Non-GAAP adjusted EBITDA was $36 million, or 16.8% of revenue.
• Ending cash balance was $119 million.
• Full-year 2026 revenue outlook remains approximately $882 million.

$ATEC Insider Trading Activity

$ATEC insiders have traded $ATEC stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $ATEC stock by insiders over the last 6 months:

• SCOTT LISH (CHIEF OPERATING OFFICER) sold 260,535 shares for an estimated $3,204,580
• DAVID SPONSEL (EVP, SALES) has made 0 purchases and 2 sales selling 223,877 shares for an estimated $2,879,679.
• CRAIG E HUNSAKER (EVP, PEOPLE & CULTURE) has made 0 purchases and 3 sales selling 153,725 shares for an estimated $1,990,576.
• TYSON ELIOT MARSHALL (GENERAL COUNSEL & CORP. SEC.) sold 88,835 shares for an estimated $1,109,549
• JOHN TODD KONING (CHIEF FINANCIAL OFFICER) sold 79,789 shares for an estimated $986,192
• KAREN K MCGINNIS sold 6,050 shares for an estimated $48,460

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ATEC Hedge Fund Activity

We have seen 144 institutional investors add shares of $ATEC stock to their portfolio, and 122 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• DRIEHAUS CAPITAL MANAGEMENT LLC removed 2,858,771 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $31,103,428
• MORGAN STANLEY removed 2,689,374 shares (-62.0%) from their portfolio in Q1 2026, for an estimated $29,260,389
• DEUTSCHE BANK AG\ removed 2,039,885 shares (-61.0%) from their portfolio in Q1 2026, for an estimated $22,193,948
• POINT72 ASSET MANAGEMENT, L.P. added 1,393,691 shares (+126.7%) to their portfolio in Q1 2026, for an estimated $15,163,358
• WESTERN STANDARD LLC removed 1,232,881 shares (-98.2%) from their portfolio in Q1 2026, for an estimated $13,413,745
• HOOD RIVER CAPITAL MANAGEMENT LLC added 1,162,549 shares (+102.1%) to their portfolio in Q1 2026, for an estimated $12,648,533
• RAYMOND JAMES FINANCIAL INC added 969,155 shares (+2681.1%) to their portfolio in Q1 2026, for an estimated $10,544,406

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

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