Varex Imaging Q1 Revenue Rises 4.9% to $209.6M with EPS $0.19
Varex Imaging posted Q1 revenue of $209.6 million, up 4.9% year-over-year, with EPS of $0.19 compared to $0.07 a year ago, representing a 35.7% upside to consensus. Industrial segment revenue jumped 17.4% to $64.8 million while medical revenue was $144.8 million, flat year-over-year.
1. Q1 Financial Results
Varex Imaging reported revenue of $209.6 million for the quarter ended December 2025, a 4.9% year-over-year increase, and delivered EPS of $0.19 versus $0.07 in the comparable period, topping consensus estimates by 35.7% on earnings and 0.2% on sales.
2. Segment Performance
Industrial segment revenue rose 17.4% to $64.8 million, exceeding the $61.6 million analyst estimate, while medical segment revenue was $144.8 million, growing just 0.1% year-over-year against a $147.5 million consensus. Industrial gross profit reached $23.8 million versus $21.3 million expected, and medical gross profit of $46.0 million fell short of the $48.3 million estimate.
3. Market Reaction
Shares of Varex Imaging have climbed 5.5% over the past month compared with a flat S&P 500, and the stock holds a Zacks Rank #3 (Hold), indicating it may perform in line with the broader market in the near term.