The earnings call highlighted strong performance in the Industrial segment, significant debt reduction, and better-than-expected revenue and gross margins. However, these positives were offset by a year-over-year decline in total revenue, high operating expenses due to a goodwill impairment charge, and a decrease in cash position. The progress in photon counting technology and strong demand in cargo systems are promising, but the challenges in the Medical segment and APAC region weigh on the overall outlook.

Company Guidance

During Varex Imaging Corporation's third quarter fiscal year 2025 earnings call, the company reported a revenue of $203 million, surpassing the high end of their guidance. The Industrial segment saw a 1% year-over-year increase, while the Medical segment experienced a 4% decrease. Non-GAAP gross margin was reported at 34%, which was 100 basis points higher than the previous year. Non-GAAP earnings per share rose by $0.04 to $0.18. The company also paid off $200 million in convertible notes, reducing its debt burden. Cash, cash equivalents, and marketable securities totaled $153 million at the end of the quarter, down by $73 million from the prior quarter. Varex's revenue guidance for the fourth quarter anticipates a range of $210 million to $230 million, with a non-GAAP gross margin expected between 32% and 33%. The company highlighted strong demand in China, where sales increased by 4% year-over-year, and noted that the reduction in tariffs has facilitated continued shipment fulfillment to Chinese customers.

Revenue and Guidance Exceed Expectations

Third quarter revenue of $203 million was above the high end of guidance, with continued strength in the Industrial segment and better-than-expected performance in China.

Debt Reduction

Paid off $200 million convertible notes, reducing overall debt burden and simplifying capital structure.

Gross Margin Improvement

Non-GAAP gross margin of 34%, up 100 basis points year-over-year, benefited from higher volume and favorable product sales mix.

Photon Counting Progress

Progress with OEMs integrating photon counting technology into their systems, with ongoing projects expected to contribute significantly by 2029.

Strong Performance in Industrial Segment

Demand for security screening and cargo inspection components drove growth; secured new orders worth $17 million for cargo inspection 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
Nov 18, 2025	2025 (Q4)	0.19 / -	0.19	―	―	―
Aug 07, 2025	2025 (Q3)	0.04 / 0.18	0.14	28.57% (+0.04)
May 08, 2025	2025 (Q2)	0.14 / 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)

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
Aug 07, 2025	$7.81	$9.48	+21.38%
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%

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 Nov 18, 2025, After Close (Confirmed).

What is Varex Imaging Corporation (VREX) earnings time?

Varex Imaging Corporation (VREX) earnings time is at Nov 18, 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 (Q4) is 0.19.

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