Quarterly ResultMay 7, 2026, 04:20 PM
Varex Q2 FY26 Revenue $216M; GAAP EPS $(0.19)
AI Summary
Varex Imaging Corporation announced its preliminary financial results for the second quarter of fiscal year 2026, reporting revenues of $216 million, a 1% increase year-over-year. The company posted a GAAP net loss of $0.19 per diluted share, while non-GAAP net income was $0.21 per diluted share, a decrease from the prior year. Despite cash outflows from operations, the CEO noted solid demand across both Medical and Industrial businesses and expressed encouragement for the second half of fiscal 2026, with revenue expected to grow year-over-year.
Key Highlights
- Varex Q2 FY26 revenues were $216 million, up 1% year-over-year.
- GAAP net loss was $0.19 per diluted share; Non-GAAP net income was $0.21 per diluted share.
- Cash outflows from operations totaled $2 million in Q2 FY26.
- Medical segment revenue was $156 million, and Industrial segment revenue was $60 million.
- Full fiscal year 2026 revenue is expected to be $860 million to $880 million.
- Full fiscal year 2026 non-GAAP EPS is projected to be $0.80 to $1.00.
- Q3 FY26 revenues are expected to be between $210 million and $225 million.
- Q3 FY26 non-GAAP diluted EPS is expected to be between $0.15 and $0.30.