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Varex Imaging Corporation VREX Industrial — Gross Profit

Other segment segments

Medical
$48.3M+3.4%

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Other financials

Income statement

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Revenue$210.5M+3.7%
Gross profit$76.7M+13.6%
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+28.9%
Enterprise value$800.84M+20.7%
P/S0.6×+0.1×

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

Reported directly by Varex Imaging Corporation in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

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)Three Months Ended / July 3, 2026Three Months Ended / July 4, 2025Nine Months Ended / July 3, 2026Nine Months Ended / July 4, 2025
Total cost of revenues133.8135.5417.0403.0
Gross profit
Medical48.346.7144.9152.1
Industrial28.420.874.260.6
Total gross profit76.767.5219.1212.7
Total operating expenses53.9148.2166.5260.1
Interest and other expense, net(6.6)(5.9)(39.0)(25.9)
Income (loss) before taxes16.2(86.6)13.6(73.3)

Item 1. Unaudited Financial Statements

FAQ

What is Varex Imaging Corporation's industrial — gross profit?
Varex Imaging Corporation (VREX) reported industrial — gross profit of $28.4M in Q2 2026.
How has Varex Imaging Corporation's industrial — gross profit changed year-over-year?
Varex Imaging Corporation's industrial — gross profit increased by 36.5% year-over-year, from $20.8M to $28.4M.
What is the long-term trend for Varex Imaging Corporation's industrial — gross profit?
Over 4 years (2021 to 2025), Varex Imaging Corporation's industrial — gross profit has grown at a 7.3% compound annual growth rate (CAGR), from $68.3M to $90.4M.
What does industrial — gross profit mean?
The profit earned by the industrial segment after subtracting the direct costs of production from net revenues. It measures the fundamental profitability of the industrial product line before accounting for operating expenses. A stable or increasing gross profit margin indicates strong pricing power and efficient manufacturing processes.

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