---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-24-000008"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:15:58.043245+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Varex Q1 FY2024 revenue $190M (-8% YoY), GAAP loss $0.01/sh, non-GAAP EPS $0.06

## Summary
- Revenue $190M, down 8% YoY; Medical segment $140M (-13%), Industrial $50M (+10%).
- GAAP net loss $0.01/diluted share; Non-GAAP EPS $0.06 vs $0.21 in prior year.
- Non-GAAP gross margin 31% (vs 32% YoY); operating margins declined.
- Cash from operations $10M; cash & equivalents $195M, flat vs FY2023 year-end.
- Q2 FY2024 guidance: revenue $195-215M, non-GAAP EPS $0.10-$0.30.

## SEC filing metadata
- accession: 0001681622-24-000008
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1681622/000168162224000008/0001681622-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000008/vrex-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-24-000008
- JSON: https://secwatch.observer/filing/0001681622-24-000008.json
- Plain text: https://secwatch.observer/filing/0001681622-24-000008.txt

## Key facts
- Earnings Releases
  Varex Imaging Corp reported three months ended December 29, 2023 results: revenue $190 million.
  - Period: three months ended December 29, 2023
  - Revenue: $190 million
  - Result: preliminary results
  source text: February 6, 2024 – Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the first quarter of fiscal year 2024. 1QFY24 Summary • Revenues $190 million • GAAP gross margin 30% | Non-GAAP gross margin* 31% • GAAP operating margin 2% | Non-GAAP operating margin* 5% • GAAP net loss $0.01 per diluted share | Non-GAAP net earnings*
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000008/0001681622-24-000008-index.htm
- Earnings Releases
  Varex Imaging Corp reported first quarter of fiscal year 2024 results: revenue $190 million.
  - Period: first quarter of fiscal year 2024
  - Revenue: $190 million
  - Result: preliminary results
  source text: Revenue of $190 million in the first quarter of fiscal 2024, was at the mid-point of our guidance, however unfavorable mix in both the Medical and Industrial segments impacted profitability.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000008/0001681622-24-000008-index.htm

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