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Segments

By segment

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Medical$48.3M+3.4%
Industrial$28.4M+36.5%

Other financials

Income statement

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Revenue$210.5M+3.7%
Operating income$22.8M+128%
Net income$15.7M+118%
EPS (diluted)$0.37+117%

Balance sheet

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Cash & equivalents$101.1M-27.0%
Total debt$378.9M-4.4%
Total equity$496.6M+9.1%
Total assets$1.1B+2.5%

Cash flow

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Operating cash flow$21.0M+173%
CapEx$9.0M+42.9%
Free cash flow-$7.7M-179%

Valuation

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Market cap$523.04M+91.8%
Enterprise value$800.84M+59.1%
P/S0.6×+0.3×

Profitability

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Gross margin34.3%+0.3pp
Operating margin-4.4%-9.9pp
Net margin-16.3%-20.3pp
FCF margin-3.6%-8.2pp

Returns & leverage

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Return on equity-25.8%-31.8pp
Debt / equity0.8×-0.1×
Current ratio3.4×-0.1×

Where this comes from

Calculated from Varex Imaging Corporation’s reported figures.

The source filing: Varex Imaging Corporation’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:51 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001681622-26-000063
(In millions, except per share amounts)Three Months Ended / July 3, 2026Three Months Ended / July 4, 2025Nine Months Ended / July 3, 2026Nine Months Ended / July 4, 2025
Revenues, net$210.5$203.0$636.1$615.7
Cost of revenues133.8135.5417.0403.0
Gross profit76.767.5219.1212.7
Operating expenses:
Research and development23.321.467.266.9
Selling, general, and administrative30.632.999.399.3
Impairment of goodwill93.993.9
Total operating expenses53.9148.2166.5260.1

Item 1. Unaudited Financial Statements

FAQ

What is Varex Imaging Corporation's gross profit?
Varex Imaging Corporation (VREX) reported gross profit of $76.7M in Q2 2026.
How has Varex Imaging Corporation's gross profit changed year-over-year?
Varex Imaging Corporation's gross profit increased by 13.6% year-over-year, from $67.5M to $76.7M.
What is the long-term trend for Varex Imaging Corporation's gross profit?
Over 4 years (2021 to 2025), Varex Imaging Corporation's gross profit has grown at a 1.7% compound annual growth rate (CAGR), from $271.5M to $290.5M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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