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Varex Imaging vs Vicor: VREX and VICR compared
Varex Imaging is the larger company: $210M of revenue in its latest quarter (Q3 FY26) against $197M for Vicor (Q3 2026). Vicor is growing faster (+78% against +4% a year earlier). Vicor is more profitable, with an operating margin of 36.6% against 10.8%.
Where the money goes: VREX and VICR
Varex Imaging (VREX) · Q3 FY26
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.
Vicor (VICR) · Q3 2026
Vicor, Q3 2026: revenue $197M (+78% year over year), operating margin 36.6%, net earnings $63.3M, operating cash flow $50.2M. The chart follows the revenue to costs, profit and cash.
| Varex Imaging (VREX) | Vicor (VICR) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $210M | $197M |
| Revenue growth, Y/Y | +4% | +78% |
| Gross margin | 36.4% | 68.3% |
| Operating margin | 10.8% | 36.6% |
| Net earnings | $15.9M | $63.3M |
| Net margin | 7.6% | 32.1% |
| Operating cash flow | $21.0M | $50.2M |
| Free cash flow | $12.0M | $34.0M |
| Market value | — | $9.3B |
| P/E | — | 51.0× |
| Analysts’ mean target | — | $390.00 |
Where the revenue comes from
Varex Imaging
- Medical: $134M (64%)
- Industrial: $76.5M (36%)
Vicor
- Product: $130M (66%)
- Royalty: $66.6M (34%)
- Non Recurring Engineering: $462K (0%)
Questions
Which is bigger, Varex Imaging or Vicor?
Varex Imaging is the larger company: $210M of revenue in its latest quarter (Q3 FY26) against $197M for Vicor (Q3 2026).
Is Varex Imaging or Vicor growing faster?
Vicor is growing faster (+78% against +4% a year earlier).
Which is more profitable, Varex Imaging or Vicor?
Vicor is more profitable, with an operating margin of 36.6% against 10.8%.
More: Varex Imaging earnings · how Varex Imaging makes money · Vicor earnings · how Vicor makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.