The earnings call presented a mixed outlook with strong performance in revenue growth, margin improvement, and cash position, countered by significant challenges from tariffs affecting sales in China and potential margin pressures. The company is actively working on mitigation strategies, but the geopolitical situation remains dynamic.

Company Guidance -

Q3 2025

During the Varex Q2 Fiscal Year 2025 earnings call, the company reported strong demand. Revenue was near the high end of expectations, with both Medical and Industrial segments experiencing a 3% year-over-year increase. Gross margin reached 36%, up from 33% in the previous year, due to improved volume, a favorable product sales mix, and productivity gains. Cash from operations was $17 million, contributing to $226 million in cash, cash equivalents, and marketable securities, up $36 million year-over-year. Adjusted EBITDA was $34 million, and non-GAAP EPS was $0.26, compared to $25 million and $0.16 in the prior year. Varex highlighted a $25 million order for cargo inspection systems, reflecting ongoing strength in the Industrial segment. However, the company expressed concern over the impact of the 125% tariff imposed by China, potentially reducing sales by $20 million in Q3. Despite these challenges, Varex is actively pursuing strategies to mitigate tariff impacts and expects continued growth driven by innovation and cost leadership.

Revenue Growth in Medical and Industrial Segments

Both the Medical and Industrial segments delivered revenue growth of 3% year-over-year. The Medical segment showed strong demand, particularly in CT tubes, while the Industrial segment benefited from global security screening demand.

Improved Gross Margin

Gross margin increased to 36% from 33% in the same quarter last year, driven by improved volume, favorable product sales mix, and productivity gains.

Strong Cash Position

Cash from operations was $17 million, with cash, cash equivalents, and marketable securities totaling $226 million, up $36 million year-over-year.

Significant Cargo Inspection Order

A $25 million order was announced for cargo inspection systems, adding to the previous quarter's $14 million order, with expected installations over the next 12 to 18 months.

Photon Counting Technology Advancements

Continued progress in photon counting technology with active engagement from large imaging OEMs for next-generation CT systems.

Varex Imaging (VREX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VREX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q3)	0.02 / -	0.14	―	―	―
May 08, 2025	2025 (Q2)	0.13 / 0.26	0.16	62.50% (+0.10)
Feb 06, 2025	2025 (Q1)	0.02 / 0.07	0.06	16.67% (+0.01)
Nov 19, 2024	2024 (Q4)	0.09 / 0.19	0.45	-57.78% (-0.26)
Aug 01, 2024	2024 (Q3)	0.16 / 0.14	0.37	-62.16% (-0.23)
May 02, 2024	2024 (Q2)	0.20 / 0.16	0.26	-38.46% (-0.10)
Feb 06, 2024	2024 (Q1)	0.10 / 0.06	0.21	-71.43% (-0.15)
Nov 14, 2023	2023 (Q4)	0.33 / 0.45	0.42	7.14% (+0.03)
Aug 01, 2023	2023 (Q3)	0.28 / 0.37	0.37	0.00% (0.00)
May 02, 2023	2023 (Q2)	0.15 / 0.26	0.37	-29.73% (-0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VREX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$8.65	$6.88	-20.46%
Feb 06, 2025	$15.20	$12.27	-19.28%
Nov 19, 2024	$14.56	$15.42	+5.91%
Aug 01, 2024	$14.27	$12.98	-9.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Varex Imaging Corporation (VREX) report earnings?

Varex Imaging Corporation (VREX) is schdueled to report earning on Aug 07, 2025, After Close (Confirmed).

What is Varex Imaging Corporation (VREX) earnings time?

Varex Imaging Corporation (VREX) earnings time is at Aug 07, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VREX EPS forecast?

VREX EPS forecast for the fiscal quarter 2025 (Q3) is 0.02.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing