Varex Reports Q3 FY26 Results: $0.37 GAAP EPS, Cancels Call Amid Teledyne Deal
VREX has more than doubled off its 52-week low of $6.96.
Summary
Varex Imaging reported Q3 FY26 preliminary results with GAAP EPS of $0.37 and $21M in operating cash flow. The company cancelled its earnings call and suspended guidance due to the pending acquisition by Teledyne.
Key Events · Earnings and Guidance · VREX
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Q3 FY26 Results Beat Prior Year
Revenues of $211M, GAAP net income of $0.37 per diluted share, and non-GAAP net income of $0.31 per diluted share, compared to a net loss of $2.15 per share in Q3 FY25.
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Tariff Refunds Boost Profitability
Received $17M in IEEPA tariff refunds, with a $7M revenue reduction for customer reimbursements, resulting in a net $10M gross profit increase.
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Strong Cash Generation
Cash flow from operations was $21M, though cash and equivalents declined to $99M from $155M at FY25 end due to debt refinancing and inventory build.
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Earnings Call Cancelled, Guidance Withdrawn
Due to the pending acquisition by Teledyne Technologies, Varex cancelled its Q3 earnings call and will not provide financial guidance, a customary practice during such transactions.
Analysis · VREX · Manufacturing
Varex delivered a strong quarter with GAAP EPS of $0.37, up from a loss last year, driven by industrial growth and tariff refunds. The cancellation of the earnings call and withdrawal of guidance signal the pending Teledyne acquisition is on track, making near-term operational performance secondary to deal completion.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VREX was trading at $18.57 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $522.5M. The 52-week trading range was $6.96 to $14.57. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.