Varex Imaging (VREX) reported unaudited third-quarter fiscal 2026 revenue of $210.5 million, up 4% year over year, and net income attributable to Varex of $15.7 million. GAAP diluted earnings per share were $0.37.
The company said it generated $21 million in operating cash flow during the quarter. Varex also said it canceled its earnings conference call because of its announced transaction with Teledyne Technologies and will not provide financial guidance with the release.
- Total revenue was $210.5 million, compared with $203.0 million a year earlier.
- Medical revenue was $134.0 million, while Industrial revenue was $76.5 million.
- GAAP gross margin was 36.4%, and GAAP operating margin was 10.8%.
- Cash, cash equivalents and marketable securities totaled $99 million at quarter-end.
- Varex received $17 million in U.S. Customs refunds tied to previously paid IEEPA tariffs and recorded a $7 million reduction to revenue for expected customer reimbursements.
$VREX Insider Trading Activity
$VREX insiders have traded $VREX stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $VREX stock by insiders over the last 6 months:
- JAY K. KUNKEL sold 4,510 shares for an estimated $50,241
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$VREX Hedge Fund Activity
We have seen 86 institutional investors add shares of $VREX stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MEDINA VALUE PARTNERS, LLC added 1,241,238 shares (+inf%) to their portfolio in Q1 2026, for an estimated $13,169,535
- NEUBERGER BERMAN GROUP LLC added 439,446 shares (+29.6%) to their portfolio in Q1 2026, for an estimated $4,662,522
- ASSENAGON ASSET MANAGEMENT S.A. removed 372,475 shares (-80.6%) from their portfolio in Q2 2026, for an estimated $3,884,914
- PZENA INVESTMENT MANAGEMENT LLC added 352,101 shares (+8.8%) to their portfolio in Q2 2026, for an estimated $3,672,413
- COOKE & BIELER LP removed 303,861 shares (-23.3%) from their portfolio in Q2 2026, for an estimated $3,169,270
- ESSEX INVESTMENT MANAGEMENT CO LLC removed 279,551 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,915,716
- MILLENNIUM MANAGEMENT LLC removed 222,962 shares (-66.2%) from their portfolio in Q1 2026, for an estimated $2,365,626
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
