What is Varex Imaging Corporation's market cap?

Varex Imaging Corporation (VREX) has a market capitalization of $462.8M and trades on NASDAQ.

What is Varex Imaging Corporation's revenue and profitability?

Varex Imaging Corporation generated $857.5M in trailing twelve-month revenue with a net loss of $88.0M, representing a net margin of -16.3%. Gross margin stands at 33.6%, with free cash flow of -$30.8M. These figures are based on the Q2 2026 filing.

Who are Varex Imaging Corporation's competitors?

Varex Imaging Corporation's key competitors include Teledyne Technologies Incorporated, Leidos Holdings, Inc., Koninklijke Philips N.V., and others. These companies compete in similar markets and product categories.

Who does Varex Imaging Corporation partner with?

Varex Imaging Corporation's notable partners include Canon Medical Systems Corporation, United Imaging Healthcare, General Electric Company, and others.

Where is Varex Imaging Corporation headquartered?

Varex Imaging Corporation is headquartered in United States of America and employs approximately 2,300 people. It has been publicly traded since 2017.

Varex Imaging Corporation

VREX

Varex Imaging Corporation is a leading independent innovator and manufacturer of X-ray imaging components and software solutions.

Market cap

$462.77M+49.6%

Revenue$857.5M+3.6%

Net income-$88.0M-81.1%

Free cash flow-$30.8M-180%

EPS (diluted)-$2.12-75.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

May 7, 2026

Revenue$216.0MMiss by $916.8K EPS$0.21Miss by $0.01

Read the full report

Next report

Aug 10, 2026 (In 1 week)

Revenue estimate$215.5M

EPS estimate$0.22

Financials

Q2 2026

Income statement

See full

Revenue$216.0M+1.5%

Gross profit$72.6M-5.3%

Operating income$14.4M-34.8%

Net income-$8.1M-217%

EPS (diluted)-$0.19-212%

Balance sheet

See full

Cash & equivalents$87.7M-73.6%

Total debt$380.6M-36.2%

Total equity$474.2M-13.7%

Total assets$1.1B-19.8%

Cash flow

See full

Operating cash flow-$1.5M-109%

CapEx$6.2M-8.8%

Free cash flow-$7.7M-179%

Valuation & ratios

Valuation

See full

Market cap$462.77M+49.6%

Enterprise value$755.67M+27.6%

P/S0.5×+0.1×

Profitability

See full

Gross margin33.6%-0.2pp

FCF margin-3.6%-8.2pp

Returns & leverage

See full

Debt / equity0.8×-0.3×

Current ratio3.2×-0.8×

Segments

By geography

See full

Americas$78.7M+13.4%

APAC$77.4M+7.8%

Other$70.1M-10.2%

EMEA$59.9M-16.5%

By segment

See full

Medical$156.2M+1.6%

Industrial$59.8M+1.2%

Competitors

By market cap

Teledyne Technologies$30.2B+15.6%

GE HealthCare Technologies$27.8B-21.9%

Philips$24.3B+2.4%

Leidos Holdings$14.5B-29.9%

RadNet$4.8B+8.8%

Lumexa Imaging Holdings, Inc. $1.1B—

Varex Imaging Corporation$462.8M+41.1%

QT Imaging Holdings, Inc.$37.3M—

By revenue growth

QT Imaging Holdings, Inc.+259%

RadNet+14.7%

Teledyne Technologies+7.9%

GE HealthCare Technologies+6.5%

Varex Imaging Corporation+3.6%

Leidos Holdings+2.3%

By net margin

Teledyne Technologies15.29%+0.8pp

GE HealthCare Technologies9.33%-1.9pp

Leidos Holdings8.15%+0.3pp

RadNet-0.662%+1.1pp

Varex Imaging Corporation-16.26%-4.4pp

QT Imaging Holdings, Inc.-58.94%+250pp

Profile

Varex Imaging Corporation is a leading independent innovator and manufacturer of X-ray imaging components and software solutions. The company provides critical hardware and software that global OEMs integrate into systems for medical diagnostics, security screening, and industrial inspection. Its value proposition centers on high-performance innovation, long-term customer collaboration, and a significant global installed base that drives recurring replacement and service revenue.

Competitive position

Varex is one of the largest independent global manufacturers of X-ray imaging components with a massive installed base that creates high switching costs for OEM customers.

GeographiesNorth America, Europe, Asia, Middle East, Africa

Customer segmentsMedical Equipment OEMs, Government Security Agencies, Industrial Manufacturers

Business modelB2B Manufacturing, OEM Supplier, Aftermarket Service and Replacement, Software Licensing

SuppliersTransistor array suppliers, Cesium iodide coating providers, Specialized integrated circuit manufacturers, Raw material suppliers (Tungsten, Molybdenum, Rhenium, Copper, Silver, Gold)

CustomersMedical imaging system manufacturers, Cargo and baggage screening providers, Industrial quality control labs, Hospitals and diagnostic clinics

CountryUnited States of America

Listed2017

Employees2.3K

CEOSunny S. Sanyal

SectorHealthcare

IndustryMedical - Devices

Websitevareximaging.com

FilingsSEC EDGAR

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Questions, answered.

What is Varex Imaging Corporation's market cap?: Varex Imaging Corporation (VREX) has a market capitalization of $462.8M and trades on NASDAQ.
What is Varex Imaging Corporation's revenue and profitability?: Varex Imaging Corporation generated $857.5M in trailing twelve-month revenue with a net loss of $88.0M, representing a net margin of -16.3%. Gross margin stands at 33.6%, with free cash flow of -$30.8M. These figures are based on the Q2 2026 filing.
Who are Varex Imaging Corporation's competitors?: Varex Imaging Corporation's key competitors include Teledyne Technologies Incorporated, Leidos Holdings, Inc., Koninklijke Philips N.V., and others. These companies compete in similar markets and product categories.
Who does Varex Imaging Corporation partner with?: Varex Imaging Corporation's notable partners include Canon Medical Systems Corporation, United Imaging Healthcare, General Electric Company, and others.
Where is Varex Imaging Corporation headquartered?: Varex Imaging Corporation is headquartered in United States of America and employs approximately 2,300 people. It has been publicly traded since 2017.