Earning Analysis
Welcome to our in-depth analysis of Varex Imaging Corp(VREX) earnings, offering investors a detailed look into the company’s financial performance, revenue trends, earnings per share (EPS), and market reactions. This page provides a comprehensive overview of Varex Imaging Corp earnings history, forecasts, and key financial metrics, empowering you with the data needed to make informed investment decisions. Whether you're tracking quarterly results, analyzing earnings surprises, or exploring future projections, our detailed breakdown covers it all.
Earnings Forecast
Revenue
EPS
Currency: USD
Actual
Estimate
Surprise Analysis
| FY2025Q4 | 2025-11-18 | After Hours | 0.18 | 0.37 | +105.56 | 219.26M | 228.90M | +4.40 | -13.66 | -7.08 |
| FY2025Q3 | 2025-08-07 | After Hours | 0.04 | 0.18 | +350.00 | 190.32M | 203.00M | +6.66 | +21.38 | +36.88 |
| FY2025Q2 | 2025-05-08 | After Hours | 0.14 | 0.26 | +85.71 | 206.76M | 212.90M | +2.97 | -20.46 | -13.87 |
| FY2025Q1 | 2025-02-06 | After Hours | 0.04 | 0.07 | +75.00 | 202.15M | 199.80M | -1.16 | -19.28 | -10.46 |
| FY2024Q3 | 2024-08-01 | - | 0.19 | 0.14 | -26.32 | 209.50M | 209.10M | -0.19 | -3.52 | -22.58 |
| FY2024Q2 | 2024-05-02 | - | 0.23 | 0.16 | -30.43 | 205.15M | 206.20M | +0.51 | -0.90 | -5.01 |
| FY2024Q1 | 2024-02-06 | - | 0.11 | 0.06 | -45.45 | 187.98M | 190.00M | +1.08 | +0.93 | -7.68 |
| FY2023Q4 | 2023-11-14 | - | 0.33 | 0.45 | +36.36 | 233.38M | 227.40M | -2.56 | +3.91 | +1.98 |
| FY2023Q3 | 2023-08-01 | - | 0.33 | 0.37 | +12.12 | 228.58M | 232.20M | +1.59 | -1.20 | -2.49 |
| - | 2023-05-02 | - | 0.17 | 0.26 | +52.94 | - | - | - | -1.54 | +25.48 |
VREX Earnings Analysis
Our earnings analysis provides a granular look at the company’s performance across recent fiscal quarters, highlighting key metrics such as revenue, EPS, and operating margins. By examining actual results against analyst estimates, we uncover trends and surprises that drive stock price movements, offering valuable insights for both short-term traders and long-term investors.
In the most recent quarter, Varex Imaging Corp reported performance for FY2025Q4, announced on 2025-11-18. The company achieved an EPS of 0.37, compared to analyst estimates of 0.18 by 105.56% . Revenue for the quarter reached 228.90M compared to expectations of 219.26M by 4.40% .
The stock price reacted with a -13.66% one-day change and a -7.08% five-day change following the earnings release. These movements reflect market reaction in Varex Imaging Corp growth trajectory and strategic initiatives.
VREX Earnings Forecast
Looking ahead, Varex Imaging Corp(VREX) remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2026/Q1 project quarter revenue of 207.83M and an EPS of 0.13.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2026 have been Revise Upward by 0.81%, while EPS estimates have been Revise Upward by 0.44%. For the upcoming Q1 2026, revenue estimates have been adjusted Revise Upward by 1% . These revisions correlate with a -0.94% change in stock price over the same period, suggesting potential buying opportunities for investors who believe in Varex Imaging Corp long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
Estimate Revision
The chart shows the correlation between VREX's stock price and earnings forecast revisions. Positive revisions in Revenue or EPS often strengthen the stock's fundamentals, making price dips potential buying opportunities.
Revenue Estimates for FY2026
Revise Upward
+0.81%
In Past 3 Month
EPS Estimates for FY2026
Revise Upward
+0.44%
In Past 3 Month
Revenue Estimates for Q1 2026
Revise Upward
+1%
In Past 3 Month
Stock Price
Go Down
-0.94%
In Past 3 Month
1Y
3Y
5Y
Annual FY 2026
Currency: USD
1Y
3Y
5Y
--
Revenue Estimate-Annual FY 2026:866.70M
--
EPS Estimate-Annual FY 2026:0.80
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Stock Price11.54
VREX Revenue and EPS Performance: A Historical Perspective
Varex Imaging Corp revenue and earnings per share (EPS) performance over recent quarters provides a clear picture of its financial health. Below is a detailed breakdown of the company’s earnings history, showcasing actual results, analyst estimates, and surprise percentages for key fiscal quarters:
FY2025Q4 (2025-11-18,After Hours):
EPS: 0.37 (Actual) vs.0.18 (Estimate) (105.56%)
Revenue: 228.90M (Actual) vs. 219.26M (Estimate) (4.40%)
Price Reaction: -13.66%(1-Day), -7.08%(5-Day)
FY2025Q3 (2025-08-07,After Hours):
EPS: 0.18 (Actual) vs.0.04 (Estimate) (350.00%)
Revenue: 203.00M (Actual) vs. 190.32M (Estimate) (6.66%)
Price Reaction: 21.38%(1-Day), 36.88%(5-Day)
FY2025Q2 (2025-05-08,After Hours):
EPS: 0.26 (Actual) vs.0.14 (Estimate) (85.71%)
Revenue: 212.90M (Actual) vs. 206.76M (Estimate) (2.97%)
Price Reaction: -20.46%(1-Day), -13.87%(5-Day)
Earnings Reaction
The chart below shows how VREX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VREX sees a -1.30% change in stock price 10 days leading up to the earnings, and a -0.24% change 10 days following the report. On the earnings day itself, the stock moves by +2.26%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in SEP/2025, the stock changed -13.66% on the day following the earnings release and then changed by -3.37% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
Transcript Summary
Varex Imaging Corp (VREX) Q4 2025 Earnings Call Summary
Neutral
2025-11-18
The earnings call presents a mixed picture: strong financial performance with record high revenue and improved profitability, but concerns about cash reduction and uncertain guidance. The Q&A indicates solid demand and growth prospects, but management's lack of specific guidance and avoidance of details raises uncertainty. Without clear guidance, the market may react cautiously, resulting in a neutral stock price movement.
Varex Imaging Corp (VREX) Q3 2025 Earnings Call Summary
Neutral
2025-08-08
The earnings call summary presents a mixed picture. Financial performance is stable with strong cash management and expected revenue growth, but gross margins are impacted by tariffs. Product development in photon counting is promising but lacks immediate commercialization. Market strategy shows steady demand in China and a strong cargo systems pipeline, but lacks clarity in future guidance. Shareholder returns and debt repayment plans are positive, yet overall, the lack of clear guidance and tariff impacts balance the sentiment to neutral.
Varex Imaging Corp (VREX) Q2 2025 Earnings Call Summary
Neutral
2025-05-09
The earnings call summary presents mixed signals: strong financial results with revenue and EPS growth, but concerns over China tariffs and paused orders. The Q&A reveals management's uncertainty about the tariff impact and delayed orders, but they express confidence in temporary revenue reductions. The strategic plan highlights a significant cargo inspection order and growth opportunities, yet geopolitical risks loom. Overall, the positive financial performance is offset by uncertainties in China, leading to a neutral stock price prediction.
Varex Imaging Corp (VREX) Q1 2025 Earnings Call Summary
Neutral
2025-02-07
The earnings call reveals mixed signals: positive financial performance with revenue growth, improved margins, and cash flow, but offset by uncertainties in Chinese market impact and supply chain issues. The Q&A highlights management's cautious outlook on China and supply challenges. The lack of a share repurchase program and unclear responses about Chinese stimulus also suggest caution. Overall, these factors indicate a neutral sentiment, with no strong catalysts for significant stock movement.
Varex Imaging Corporation (VREX) Q4 2024 Earnings Call Summary
Negative
2024-11-20
The earnings call revealed a 10% revenue decline YoY and a net loss due to a significant tax charge. The lack of a shareholder return plan, decreased gross margins, and increased operating expenses further contribute to negative sentiment. Although there is some optimism about photon counting and market positioning in China, the Q&A highlighted uncertainties and management's reluctance to provide clear guidance. These factors, combined with a challenging financial performance, suggest a negative stock price reaction in the short term.
Varex Imaging Corporation (VREX) Q3 2024 Earnings Call Summary
Negative
2024-08-03
The earnings call reveals several concerning factors: a 10% revenue decline, ongoing challenges in China, competitive pressures, and gross margin pressure. The Q&A section shows no expected near-term improvement in China and unclear timelines for growth. Additionally, there's no share repurchase program, and financial metrics are down year-over-year. Despite some positive aspects like improved cash flow and photon-counting technology progress, the overall sentiment is negative, suggesting a potential stock price decline of -2% to -8%.
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FAQ
What were the key highlights of VREX’s latest earnings report for FY2025Q4?
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How does VREX’s stock price correlate with earnings forecast revisions?
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