NASDAQ$VREX

Varex Imaging Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Varex Imaging Corp reported its financial results for the third quarter of fiscal year 2025.

Varex Imaging Corp reported revenues of $203.0 million for the three months ended July 4, 2025, a decrease from $209.1 million in the prior year quarter. The company recorded a net loss of $89.1 million, primarily due to a $93.9 million goodwill impairment charge in the Medical segment, resulting in a basic and diluted EPS of $(2.15). Gross profit was $67.5 million with a gross margin of 33.3%.

  • Revenues declined 2.9% year-over-year to $203.0 million, with Medical segment at $142.1 million and Industrial at $60.9 million.
  • Net loss of $89.1 million driven by $93.9 million goodwill impairment in the Medical reporting unit.
  • Operating loss of $80.7 million compared to operating income of $9.3 million in the prior year quarter.
  • Cash and cash equivalents stood at $136.4 million with total assets of $1,073.4 million at quarter end.

Headline financials

Total Revenue

$203M

Previous: $209M-2.9%
EPS (adj)

-$2.15

Previous: $0.03-7266.7%
Gross Margin

33.3%

No prior period
Capital Expenditures

-$17.3M

Previous: -$20.9M+17.2%
Net Income

-$89.1M

Previous: $1.4M-6464.3%
Operating Income

-$80.7M

Previous: $9.3M-967.7%
Gross Profit

$67.5M

Previous: $66.9M+0.9%
Cash & Equivalents

$136M

Previous: $156M-12.8%
Total Assets

$1.07B

Previous: $1.25B-14.3%

Revenue & EPS history

Varex Imaging · Revenue · Quarterly

$203M

Q3 2025-2.9%vs Q3 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Varex Imaging · $203M total across 2 segments · Q3 2025

  • Medical
    $142M
  • Industrial
    $60.9M

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-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
Q3 2025
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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