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Oct 03, 2025
Varex Imaging Q4 2025 Earnings Report
Varex Imaging reported a strong Q4 2025 with revenue and earnings at the high-end of expectations, driven by robust growth in both Medical and Industrial segments.
Key Takeaways
Varex Imaging delivered solid Q4 results, with $229M in revenue and improved profitability. Medical and Industrial segment sales contributed to an 11% YoY revenue increase. Operating margin improved, and the company generated positive cash flow from operations.
Q4 revenue reached $229 million, up 11% YoY
Net income of $12.2 million compared to a $51.1 million loss in Q4 2024
Non-GAAP EPS rose to $0.37 from $0.19 YoY
Cash flow from operations was $8 million in the quarter
Revenue by Segment
Forward Guidance
For Q1 FY26, Varex expects revenue between $200 million and $215 million, with non-GAAP EPS in the range of $0.05 to $0.25.
Positive Outlook
- Revenue forecast up to $215 million for Q1 FY26
- Non-GAAP EPS expected between $0.05 and $0.25
- Strength in Industrial cargo systems expected to continue
- Strong demand for global CT tube sales
- Continued progress in photon counting technology
Challenges Ahead
- Ongoing use of cash to pay down debt
- Decline in cash and marketable securities from prior year
- FY25 GAAP net loss of $70.3 million
- Impairment of goodwill impacted full-year results
- Macroeconomic and supply chain uncertainties remain
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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