Varex Q3 revenue rises 4% to $211 million; GAAP EPS $0.37 vs. prior-year loss
Varex reported preliminary unaudited third-quarter fiscal 2026 results, with revenue up 4% year over year and GAAP net income of $15.7 million, or $0.37 per diluted share, compared with a loss in the prior-year quarter that included a $93.9 million goodwill impairment. The company will not provide financial guidance and cancelled its earnings call because of the pending transaction with Teledyne Technologies, and it has not yet filed its Form 10-Q, so the results remain subject to change.
Key points
- Quarterly revenue of $210.5 million for the three months ended July 3, 2026, up from $203.0 million a year earlier.
- GAAP diluted EPS of $0.37 versus a loss of $2.15 a year earlier; non-GAAP diluted EPS of $0.31 versus $0.13.
- IEEPA tariff refunds of $17 million and a $7 million revenue reduction for customer reimbursements raised third-quarter gross profit by about $10 million.
- No financial guidance was provided; the earnings call was cancelled due to the announced Teledyne transaction.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.