---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-23-000063"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:33:05.846989+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Varex reports record Q3 revenue of $232M, up 8% YoY; non-GAAP EPS $0.37

## Summary
- Revenue $232M (record), up 8% YoY; Medical segment $175M (+5%), Industrial $57M (+20%).
- GAAP EPS $0.21/diluted; non-GAAP EPS $0.37/diluted; non-GAAP gross margin 34% (above expectations).
- Cash flow from operations $38M; cash & equivalents up $30M sequentially to $152M.
- Q4 FY23 guidance: revenue $220M-$240M, non-GAAP EPS $0.20-$0.40 per diluted share.
- CEO cites continued strength in Industrial segment and improved inventory management.

## SEC filing metadata
- accession: 0001681622-23-000063
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000063/0001681622-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000063/vrex-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-23-000063
- JSON: https://secwatch.observer/filing/0001681622-23-000063.json
- Plain text: https://secwatch.observer/filing/0001681622-23-000063.txt

## Key facts
- Earnings Releases
  Varex Imaging Corp reported third quarter of fiscal year 2023 results: revenue $232 million, EPS $0.21 per diluted share. Guidance reaffirmed.
  - Period: third quarter of fiscal year 2023
  - Revenue: $232 million
  - EPS: $0.21 per diluted share
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: August 1, 2023 – Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the third quarter of fiscal year 2023. 3QFY23 Summary • Revenues $232 million • GAAP gross margin 33% | Non-GAAP gross margin* 34% • GAAP operating margin 10% | Non-GAAP operating margin* 13% • GAAP net earnings $0.21 per diluted share | Non-GAAP net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162223000063/0001681622-23-000063-index.htm

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