---
title: "Varex Imaging | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 216 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285612427.md"
datetime: "2026-05-07T20:27:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285612427.md)
  - [en](https://longbridge.com/en/news/285612427.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285612427.md)
---

# Varex Imaging | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 216 M

Revenue: As of FY2026 Q2, the actual value is USD 216 M, missing the estimate of USD 216.92 M.

EPS: As of FY2026 Q2, the actual value is USD -0.19, missing the estimate of USD 0.14.

EBIT: As of FY2026 Q2, the actual value is USD 31.2 M.

### Second Quarter Fiscal Year 2026 (Q2 FY26) Summary

#### Revenue

Varex Imaging Corporation reported total revenues of $216 million for Q2 FY26, representing a 1% increase year-over-year. Medical segment revenue was $156 million. Industrial segment revenue was $60 million.

#### Profitability

-   GAAP gross margin was 34%.
-   Non-GAAP gross margin was 34% in Q2 FY26, down from 36% in Q2 FY25.
-   GAAP operating margin was 7%.
-   Non-GAAP operating margin was 9%.
-   GAAP gross profit was $72.6 million, compared to $76.7 million in Q2 FY25.
-   GAAP operating income was $14.4 million, compared to $22.1 million in Q2 FY25.

#### Net Income / Loss

-   GAAP net loss attributable to Varex Imaging Corporation was - $8.1 million, compared to a net income of $6.9 million in Q2 FY25.
-   GAAP net loss was - $0.19 per diluted share.
-   Non-GAAP net income was $0.21 per diluted share, a decrease from $0.31 in Q2 FY25.

#### Cash Flow

-   Cash outflows from operations were - $2 million in Q2 FY26.

#### Balance Sheet Highlights

-   Cash, cash equivalents, and marketable securities totaled $88 million at the end of Q2 FY26, down from $155 million at the end of fiscal year 2025.
-   Inventories, net, were $346.7 million as of April 3, 2026, compared to $299.4 million at October 3, 2025.
-   Long-term debt, net, was $329.0 million as of April 3, 2026, compared to $366.0 million at October 3, 2025.

### Outlook / Guidance

Varex Imaging Corporation expects revenue for the second half of fiscal 2026 to be up approximately 3% compared to the second half of fiscal 2025. The company anticipates full fiscal year 2026 revenue to be in the range of $860 million to $880 million, with non-GAAP EPS projected between $0.80 and $1.00. For the third quarter of fiscal year 2026, revenues are expected to be between $210 million and $225 million, and non-GAAP net earnings per diluted share are forecasted to be between $0.15 and $0.30.

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