Filing Flows › Varex Imaging (VREX) › Q3 FY26
Varex Imaging (VREX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 10, 2026
Varex Imaging (VREX) reported revenue of $210M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and -3% from the quarter before. Operating margin was 10.8%, net earnings $15.9M (7.6% of revenue).
Varex Imaging, Q3 FY26: revenue $210M (+4% year over year), operating margin 10.8%, net earnings $15.9M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | -3% | +4% |
| Gross profit | $76.7M | +6% | +14% |
| Operating profit | $22.8M | +58% | — |
| Net earnings | $15.9M | — | — |
| Operating cash flow | $21.0M | — | +173% |
| Free cash flow | $12.0M | — | +757% |
What changed
Revenue was $210.5M in Q3 FY26, up 4% year over year and down 3% from the previous quarter. Medical was the largest line at 64% of revenue. Industrial added $15.6M year over year (up 26%), 208% of the total change. Medical declined 6%.
Gross margin was 36.4%, up 3.2 points from Q3 FY25. Operating profit was $22.8M, a 10.8% margin (up 50.6 points year over year). Operating expenses fell 64% while revenue rose 4%. Net earnings were $15.7M. The effective tax rate was 1.9%.
Operating cash flow was $21.0M (up 173% year over year), 132% of net earnings. Non-cash charges added back $7.0M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $5.7M. Capital expenditures of $9.0M left free cash flow of $12.0M.
Questions
What was Varex Imaging's revenue in the third quarter fiscal 2026?
Varex Imaging (VREX) reported revenue of $210M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and -3% from the quarter before.
Was Varex Imaging profitable in the third quarter fiscal 2026?
Operating profit was $22.8M (10.8% of revenue) and net earnings $15.9M.
Source: Varex Imaging 10-Q on SEC EDGAR.