---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-23-000047"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:39:26.870414+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Varex Q2 FY2023 revenue $228M beats guidance; non-GAAP EPS $0.26

## Summary
- Revenue $228M, up 6% YoY and 11% sequentially; GAAP EPS $0.10, non-GAAP EPS $0.26.
- Medical segment rev $174M (+2% YoY); Industrial segment rev $54M (+22% YoY).
- Cash flow from operations $27M; cash, equivalents, securities $122M, up $14M sequentially.
- Q3 FY2023 guidance: revenue $220–$240M, non-GAAP EPS $0.20–$0.40.
- Management cites strong demand, exceeded high-end of guidance.

## SEC filing metadata
- accession: 0001681622-23-000047
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000047/0001681622-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000047/vrex-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-23-000047
- JSON: https://secwatch.observer/filing/0001681622-23-000047.json
- Plain text: https://secwatch.observer/filing/0001681622-23-000047.txt

## Key facts
- Earnings Releases
  Varex Imaging Corp reported second quarter of fiscal year 2023 results: revenue $228 million, EPS $0.10 per diluted share.
  - Period: second quarter of fiscal year 2023
  - Revenue: $228 million
  - EPS: $0.10 per diluted share
  - Result: preliminary results
  source text: VAREX ANNOUNCES STRONG FINANCIAL RESULTS FOR SECOND QUARTER FISCAL YEAR 2023 SALT LAKE CITY, May 2, 2023 – Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2023. 2QFY23 Summary • Revenues $228 million • GAAP gross margin 32% | Non-GAAP gross margin* 33% • GAAP operating margin 7% | Non-GAAP operating margin* 10% • GAAP net earnings $0.10 per diluted share | Non-GAAP net earnings* $0.26 per diluted share • Cash flow from operations $27 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000047/0001681622-23-000047-index.htm
- Earnings Releases
  Varex Imaging Corp reported third quarter of fiscal year 2023 results: revenue between $ 220 million and $ 240 million, EPS between $0.20 and $0.40. Guidance initiated.
  - Period: third quarter of fiscal year 2023
  - Revenue: between $ 220 million and $ 240 million
  - EPS: between $0.20 and $0.40
  - Guidance: initiated
  - Result: guidance update
  source text: Outlook The following guidance is provided for the third quarter of fiscal year 2023: • Revenues are expected to be between $ 220 million and $ 240 million • Non-GAAP net earnings per diluted share is expected to be between $0. 20 and $0.40
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000047/0001681622-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.