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Varex Imaging Corporation (VREX)
NASDAQ:VREX
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.2Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally constructive tone: solid revenue growth (+5% YoY), strong Industrial performance (+17% YoY), improved non-GAAP profitability (EBITDA +12%, non-GAAP EPS +90%), and active customer engagement and product momentum (RSNA, India ramp, photon-counting interest). Offsetting risks include a sizable inventory build and $16M operating cash outflow, elevated debt that will require refinancing, a decline in APAC (-7%) and a notable GAAP/non-GAAP gap (GAAP EPS $0.05). Overall, results and management commentary skew positive given durable customer engagement and pipeline, but near-term balance-sheet and regional/headline GAAP considerations temper the outlook.Company Guidance
Revenue Growth
Total Q1 revenue $210.0M, up 5% year-over-year and toward the high end of guidance.
Industrial Segment Outperformance
Industrial revenues $65.0M (31% of sales), up 17% year-over-year driven by cargo systems shipments and repeat orders; management calls Industrial an attractive growth opportunity.
Medical Segment Stability and CT Strength
Medical revenues $145.0M (69% of sales), broadly stable year-over-year with particular strength in high-end CT and growing design engagement around next-generation platforms.
Profitability (Non-GAAP)
Non-GAAP gross margin 34% (high end of guidance); non-GAAP EBITDA $29M, up 12% year-over-year; non-GAAP EPS $0.19 vs $0.10 prior year (up $0.09, ~90% increase).
Strong Customer Engagement and Pipeline (RSNA)
150+ customer meetings at RSNA, positive reception to modality-based integrated subsystems (tubes, detectors, software), increased design-win pipeline with potential revenue conversion in FY27+.
Progress on India Manufacturing Strategy
Detector factory in India is producing and shipping globally; tube factory construction largely complete with equipment installation and qualification underway (tube shipments from India expected after ~12 months); management views this as strategic for market access.
Regional Strength — Americas and EMEA
Americas revenue growth +17% YoY (driven by Industrial/cargo); EMEA up 7% YoY, indicating geographic demand pockets outside APAC.
Order Activity and Product Momentum in Industrial Verticals
Multiple cargo system installations and orders in the quarter, plus solid demand for photon counting detectors in industrial/food inspection and strength in nondestructive testing (linear accelerators, X-ray tubes).
VREX Earnings History
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 |
|---|---|---|---|
Feb 10, 2026 | $14.15 | $13.61 | -3.82% |
Nov 18, 2025 | $11.86 | $10.24 | -13.66% |
Aug 07, 2025 | $7.81 | $9.48 | +21.38% |
May 08, 2025 | $8.65 | $6.88 | -20.46% |
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 May 05, 2026, After Close (Confirmed).
What is Varex Imaging Corporation (VREX) earnings time?
Varex Imaging Corporation (VREX) earnings time is at May 05, 2026, 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 2026 (Q2) is 0.2.