Varex Imaging Corporation (VREX)
NASDAQ:VREX
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VREX Stock Chart & Stats
$13.59
-$0.27(-1.90%)
At close: 4:00 PM EST
$13.59
-$0.27(-1.90%)
Day’s Range― - ―
52-Week Range$6.76 - $14.57
Previous CloseN/A
Volume44.30K
Average Volume (3M)297.70K
Market Cap
$423.95M
Enterprise Value$719.65M
Total Cash (Recent Filing)$88.30M
Total Debt (Recent Filing)$381.00M
Price to Earnings (P/E)―
Beta2.18
Next Earnings
Aug 04, 2026EPS Estimate
0.2Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.00
Shares Outstanding42,100,000
10 Day Avg. Volume224,850
30 Day Avg. Volume297,697
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)1.05
Price to Sales (P/S)0.59
P/FCF Ratio26.29
Enterprise Value/Market Cap1.70
Enterprise Value/Revenue0.84
Enterprise Value/Gross Profit2.50
Enterprise Value/Ebitda719.65
Forecast
1Y Price Target
$18.00Price Target Upside32.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.91
Revenue Forecast (FY)$871.94M
Bulls Say, Bears Say
Bulls Say
Capital Structure ImprovementRefinancing replaces higher‑cost 2027 notes with a longer‑dated facility and a hedged rate, lowering annual interest expense and extending maturities. This materially improves financial flexibility for multi‑quarter investments, reduces refinancing risk and supports durable liquidity planning.
Technology And OEM Design MomentumActive OEM engagements for CT and photon‑counting signal structural design wins: imaging components become embedded in OEM platforms, creating multi‑year revenue streams and recurring replacement demand. Broad OEM interest expands TAM and supports sustainable product-led growth.
Manufacturing Ramp To Drive Margin TailwindsLocalizing detector production in India and scaling utilization is a durable cost‑structure lever: higher factory throughput should convert current gross margin and OpEx headwinds into recurring margin improvement, lowering unit costs and improving competitiveness across markets.
Bears Say
Negative Cash GenerationA reversal to negative OCF and notably negative FCF reduces the company's ability to self‑fund growth, invest in R&D or weather demand cycles. If persistent, cash burn increases reliance on external financing and constrains durable capital allocation decisions.
Deteriorated ProfitabilityDespite revenue re‑acceleration, negative operating profitability indicates weak operating leverage or elevated costs. Sustained losses erode equity and limit reinvestment capacity; returning to consistent positive EBITDA is required for lasting financial stability.
Working Capital And Inventory StrainElevated inventory and rising days of stock tie up cash and increase obsolescence risk in a technology business. Higher working capital needs pressure liquidity and can amplify earnings volatility if demand lags, necessitating durable working‑capital management to stabilize cash flows.
Varex Imaging News
VREX FAQ
What was Varex Imaging Corporation’s price range in the past 12 months?
Varex Imaging Corporation lowest stock price was $6.76 and its highest was $14.56 in the past 12 months.
What is Varex Imaging Corporation’s market cap?
Varex Imaging Corporation’s market cap is $423.95M.
When is Varex Imaging Corporation’s upcoming earnings report date?
Varex Imaging Corporation’s upcoming earnings report date is Aug 04, 2026 which is in 71 days.
How were Varex Imaging Corporation’s earnings last quarter?
Varex Imaging Corporation released its earnings results on May 07, 2026. The company reported $0.21 earnings per share for the quarter, the consensus estimate of $0.21 by $0.
Is Varex Imaging Corporation overvalued?
According to Wall Street analysts Varex Imaging Corporation’s price is currently Undervalued.
Does Varex Imaging Corporation pay dividends?
Varex Imaging Corporation does not currently pay dividends.
What is Varex Imaging Corporation’s EPS estimate?
Varex Imaging Corporation’s EPS estimate is 0.2.
How many shares outstanding does Varex Imaging Corporation have?
Varex Imaging Corporation has 42,100,000 shares outstanding.
What happened to Varex Imaging Corporation’s price movement after its last earnings report?
Varex Imaging Corporation reported an EPS of $0.21 in its last earnings report, expectations of $0.21. Following the earnings report the stock price went down -16.906%.
Which hedge fund is a major shareholder of Varex Imaging Corporation?
Currently, no hedge funds are holding shares in VREX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Varex Imaging Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$18.00 (32.45% Upside)
$18.00 (32.45% Upside)
Hedge Fund Trend
Decreased
By 33.1K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $50.2K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
-4.71%
12-Months-Change
Fundamentals
Return on Equity
-17.61%
Trailing 12-Months
Asset Growth
-19.76%
Trailing 12-Months
Company Description
Varex Imaging Corporation
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah.
VREX Company Deck
VREX Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call highlighted solid execution on guidance, margin resilience (non‑GAAP gross margin at the high end), successful debt refinancing and clear technology and industrial pipeline momentum (CT, photon-counting, cargo systems). Offsetting these positives are modest top‑line growth (+1% YoY), a GAAP loss, margin erosion versus the prior year (down ~240 bps), elevated inventory and short‑term working capital pressures. Management provided multi-quarter visibility (annual guidance) and actions (India ramp, pricing/contract renewal levers) that could improve margins over time, but near-term growth and margin recovery remain modest.View all VREX earnings summariesVREX Stock 12 Month Forecast
Average Price Target
$18.00
▲(32.45% Upside)
Technical Analysis
Ownership Overview
1.56% Insiders
25.04% Mutual Funds
35.16% Other Institutional Investors
21.98% Public Companies and
Individual Investors