---
schema_version: "secwatch.filing_event.v1"
accession: "0001681622-24-000058"
form_type: "8-K"
ticker: "VREX"
cik: "0001681622"
company_name: "Varex Imaging Corp"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:37:30.036272+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Varex Q2 revenue $206M, down 10% YoY; lowers H2 outlook due to China softness

## Summary
- Revenue $206M, down 10% YoY; GAAP EPS $0.03, Non-GAAP EPS $0.16 (down from $0.26).
- Medical segment revenue $149M (-15% YoY); Industrial $57M (+6% YoY).
- Non-GAAP gross margin 33% flat YoY; operating cash flow $3M.
- Q3 guidance: revenue $200-220M, non-GAAP EPS $0.05-$0.25; management lowered H2 expectations.
- CEO cited continued softness in China as primary headwind for medical segment.

## SEC filing metadata
- accession: 0001681622-24-000058
- form_type: 8-K
- ticker: VREX
- cik: 0001681622
- company_name: Varex Imaging Corp
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1681622/000168162224000058/0001681622-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000058/vrex-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001681622-24-000058
- JSON: https://secwatch.observer/filing/0001681622-24-000058.json
- Plain text: https://secwatch.observer/filing/0001681622-24-000058.txt

## Key facts
- Earnings Releases
  Varex Imaging Corp reported three and six months ended March 29, 2024 (second quarter of fiscal year 2024) results: revenue $206 million, net income GAAP net earnings $0.03 per diluted share; Non-GAAP net earnings $0.16 per diluted share. Guidance lowered.
  - Period: three and six months ended March 29, 2024 (second quarter of fiscal year 2024)
  - Revenue: $206 million
  - Net income: GAAP net earnings $0.03 per diluted share; Non-GAAP net earnings $0.16 per diluted share
  - Guidance: lowered
  - Result: preliminary results
  source text: May 2, 2024 – Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2024. 2QFY24 Summary • Revenues $206 million • GAAP gross margin 32% | Non-GAAP gross margin* 33% • GAAP operating margin 4% | Non-GAAP operating margin* 6% • GAAP net earnings $0.03 per diluted share | Non-GAAP net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1681622/000168162224000058/0001681622-24-000058-index.htm

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