VREXVarex Imaging Corp
Compact View
Earnings Recap
• Reported GAAP EPS of -$0.19 down -211.76% YoY • Reported revenue of $216M up 1.46% YoY • Varex Imaging Corp expects second half fiscal 2026 revenue to be up approximately 3% year-over-year. Full fiscal year 2026 revenue is projected between $860M and $880M, with non-GAAP EPS in the range of $0.80 to $1.00.
Bullish
Varex Imaging Corp saw solid demand in its Medical and Industrial segments, driving continued momentum and positioning the company for revenue growth in the second half of fiscal 2026. Varex maintains its leadership as an innovator in X-ray imaging components.
Bearish
Varex Imaging Corp experienced decreased non-GAAP gross margin and EPS year-over-year, alongside cash outflows and a reduced cash position. The company also faces structural risks from regulatory changes and customer concentration.