NASDAQ$VREX

Varex Imaging Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Varex Imaging reported Q2 2025 revenue of $210.0M, net income of $8.0M, diluted EPS of $0.18.

For Q2 2025, Varex Imaging reported Revenue was $210.0M, net income was $8.0M, diluted EPS was $0.18. Management discusses operating trends, liquidity, and outlook in the quarterly filing.

  • Revenue $210.0M for Q2 2025.
  • Net income $8.0M.
  • Diluted EPS $0.18.

Headline financials

Total Revenue

$213M

Previous: $206M+3.2%
EPS (adj)

$0.18

Previous: $0.03+500.0%
GAAP Gross Margin

36.0%

Previous: 31.9%+12.9%
Non-GAAP Gross Margin

36.3%

Previous: 32.8%+10.7%
GAAP Operating Margin

10.4%

Previous: 3.7%+181.1%
Non-GAAP Operating Margin

12.2%

Previous: 6.4%+90.6%
Cash Flow from Operations

$17M

No prior period
Capital Expenditures

-$11M

Previous: -$16.2M+32.1%
Net Income

$6.9M

Previous: $1.4M+392.9%
Operating Income

$22.1M

Previous: $7.7M+187.0%
Gross Profit

$76.7M

Previous: $65.8M+16.6%
R&D Expense

$22M

Previous: $22.6M-2.7%

Revenue & EPS history

Varex Imaging · Revenue · Quarterly

$213M

Q2 2025+3.2%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Varex Imaging · $232M total across 2 segments · Q3 2023

  • Medical
    $175M+5.0%
  • Industrial
    $56.8M+19.8%

Forward guidance

The quarterly filing discusses operating priorities, capital allocation, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and liquidity.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-4.3%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-3.0%

Avg return

30 days after

37%

15 / 41 earnings

Positive

+22.1%

Q1 2021

Best reaction

-34.7%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-16.9%-14.9%
Q1 2026-3.8%-4.5%-23.6%
Q4 2025-13.7%-7.1%+3.6%
Q2 2025-20.5%-13.9%-2.7%
Q1 2025-19.3%-11.6%-15.7%
Q4 2024+9.2%+17.8%+1.8%
Q3 2024-12.2%-21.2%-15.6%
Q2 2024-6.0%-4.4%-6.8%
Q1 2024-8.4%-8.4%-8.6%
Q4 2023+3.1%+1.7%+12.7%
Q3 2023-3.8%-2.6%-15.5%
Q2 2023+17.6%+25.5%+25.6%
Q1 2023-10.0%-7.2%-14.6%
Q4 2022+3.8%-1.6%-10.7%
Q3 2022+4.1%-0.6%-0.3%
Q2 2022+11.5%+11.5%+15.8%
Q1 2022-5.3%-8.6%-4.8%
Q4 2021+17.1%+15.0%+8.7%
Q3 2021+1.9%+7.3%+10.2%
Q2 2021+2.6%+2.0%+6.1%
Q1 2021+22.1%+19.3%+21.0%
Q4 2020-3.2%+1.0%+16.6%
Q3 2020-21.2%-21.1%-34.3%
Q2 2020-34.7%-32.9%-38.3%
Q1 2020-5.3%-5.3%-25.3%
Q4 2019-9.7%-7.5%-3.5%
Q3 2019-15.8%-13.3%-5.0%
Q2 2019-9.1%-8.1%-16.4%
Q1 2019+15.7%+8.8%+15.0%
Q4 2018-8.3%-1.8%-10.8%
Q3 2018-25.7%-25.5%-17.8%
Q2 2018-1.6%-0.3%+1.1%
Q1 2018-18.5%-15.9%-15.8%
Q4 2015-1.2%-0.2%+7.2%
Q4 2017+1.8%+2.6%+10.3%
Q3 2016+0.8%-0.2%+9.4%
Q3 2017-8.2%-5.1%+1.3%
Q2 2016+0.2%+0.2%-3.3%
Q2 2017+0.7%+1.2%+3.0%
Q1 2017-2.4%-5.1%-0.3%
Q4 2016-2.4%-5.1%-0.3%
Q1 2016

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