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Varex Imaging's Business Segments
Varex Imaging's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2026
Reportable Segments
2
Largest Segment
Medical
Total Revenue
$ 211
Regions Reported
1
Revenue Share by Reportable Segment - Q3 FY2026
- Medical63.7%
- Industrial36.3%
Revenue by Reportable Segment - Q3 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Medical | $ 134 | 63.7% |
| Industrial | $ 77 | 36.3% |
Revenue Share by Region - Q3 FY2026
- Other Countries39.4%
Revenue by Geographic Region - Q3 FY2026
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Other Countries | $ 83 | 39.4% |
Description of Varex Imaging
Varex Imaging Corporation is a global medical technology company that specializes in the design and production of advanced X-ray components, imaging software, and products for diagnostics, surgical, and industrial applications. The company's mission is to improve people's lives by providing innovative solutions in medical and industrial imaging.
Varex Imaging was founded in 2017 as a spin-off from Varian Medical Systems, Inc., a leading radiation therapy company. The company is headquartered in Salt Lake City, Utah, USA, and has operations in North America, Europe, and Asia. Varex Imaging is organized into two business segments, healthcare and industrial, which serve different markets with different product offerings.
The healthcare segment offers a wide range of X-ray imaging components, including X-ray tubes, digital detectors, and image processing software. These components are used in diagnostic imaging systems such as CT scanners, mammography units, and radiography equipment. The healthcare segment also offers services such as technical support, training, and maintenance.
The industrial segment offers X-ray imaging components and systems for non-destructive testing (NDT) and security applications. These products are used to inspect materials and components for defects, detect explosives and other contraband, and provide security screening in airports and other public places. The industrial segment also offers custom solutions for specific NDT and security applications.
Varex Imaging is known for its technological innovation and commitment to quality. The company invests heavily in research and development to improve the performance, reliability, and safety of its products. It also works closely with customers and partners to understand their needs and develop customized solutions.
Varex Imaging has a strong reputation in the healthcare and industrial imaging markets, and is a trusted supplier to many leading equipment manufacturers and service providers. The company has won numerous awards for its products and services, and has a loyal customer base that values its expertise and dedication to quality.
Varex Imaging was founded in 2017 as a spin-off from Varian Medical Systems, Inc., a leading radiation therapy company. The company is headquartered in Salt Lake City, Utah, USA, and has operations in North America, Europe, and Asia. Varex Imaging is organized into two business segments, healthcare and industrial, which serve different markets with different product offerings.
The healthcare segment offers a wide range of X-ray imaging components, including X-ray tubes, digital detectors, and image processing software. These components are used in diagnostic imaging systems such as CT scanners, mammography units, and radiography equipment. The healthcare segment also offers services such as technical support, training, and maintenance.
The industrial segment offers X-ray imaging components and systems for non-destructive testing (NDT) and security applications. These products are used to inspect materials and components for defects, detect explosives and other contraband, and provide security screening in airports and other public places. The industrial segment also offers custom solutions for specific NDT and security applications.
Varex Imaging is known for its technological innovation and commitment to quality. The company invests heavily in research and development to improve the performance, reliability, and safety of its products. It also works closely with customers and partners to understand their needs and develop customized solutions.
Varex Imaging has a strong reputation in the healthcare and industrial imaging markets, and is a trusted supplier to many leading equipment manufacturers and service providers. The company has won numerous awards for its products and services, and has a loyal customer base that values its expertise and dedication to quality.
Varex Imaging Corporation is a prominent player in the field of advanced X-ray imaging, offering a diverse portfolio of products and services tailored for a variety of sectors, including medical, industrial, and security applications. The company is dedicated to providing innovative solutions that address the specific needs of its clients globally.
Segments
Varex Imaging Corporation operates through two primary segments: Medical and Industrial. Each segment focuses on different markets but shares a common foundation in advanced X-ray imaging technologies.
1. Medical Segment
In the medical segment, Varex Imaging Corporation specializes in providing cutting-edge X-ray imaging components, imaging software, and technologies specific to medical applications. Key areas of focus in this segment include:
- Digital Radiography (DR):
Varex offers a comprehensive lineup of digital radiography solutions that include flat-panel detectors designed for high-resolution imaging, sophisticated image processing software, and integrated subsystems suitable for various medical applications. Their DR solutions improve diagnostic capabilities while minimizing patient exposure to radiation.
- Computed Tomography (CT):
The company provides a range of CT solutions that consist of high-performance X-ray tubes, generators, and detectors configured for diverse energy levels. This flexibility allows Varexs technology to be adapted for both standard and specialized imaging needs in clinical settings, facilitating advanced diagnostic imaging.
- Oncology:
In the oncology sector, Varex Imaging Corporation focuses on enhancing cancer treatment through advanced imaging and therapeutic solutions. The company supplies collimators, which help shape the radiation beam during treatment, filters for optimizing image quality, and various accessories that enhance the overall efficacy of radiation therapy.
Industrial Segment
The industrial segment of Varex focuses on providing X-ray imaging components and technologies for non-destructive testing and security applications. This segment is crucial for ensuring the safety and reliability of materials and products in high-stakes environments. Key applications include:
- Non-Destructive Testing (NDT):
Varex Imaging Corporations NDT solutions encompass a range of X-ray components and imaging technologies tailored for inspecting materials without causing damage. Their equipment is widely used in industries such as aerospace, automotive, and electronics, enabling manufacturers to ascertain the integrity of their products while avoiding costly failures.
- Security:
The company provides state-of-the-art X-ray security imaging systems that are essential for baggage and cargo scanning in airports and other transportation hubs. Additionally, Varex offers radiation monitoring systems designed to enhance security measures for screening individuals and vehicles, thus bolstering safety protocols in public and commercial spaces.
Products
Varex Imaging Corporation boasts an extensive range of products that cater to the diverse requirements of its customers. Some of the key products include:
- X-ray Imaging Components:
This category includes essential components such as X-ray tubes and flat-panel detectors, which are crucial for high-quality imaging in both medical and industrial applications. The robust design and innovative technology behind these components ensure optimal performance and reliability.
- Imaging Software:
The company provides advanced software solutions that support image processing, acquisition, and analysis. This software is critical for optimizing the quality of images captured and enabling healthcare professionals and industrial technicians to derive actionable insights from imaging data.
- Accelerators:
Varex manufactures advanced linear accelerators used in cancer therapy and various medical applications. These devices are engineered to deliver precise doses of radiation for effective treatment while minimizing exposure to surrounding healthy tissues.
- Collimators:
Varex Imaging Corporations advanced collimators are essential components used in radiotherapy and imaging. By directing the beam of radiation, these devices ensure that the treatment is focused on the intended area, improving treatment efficacy and patient safety.
- Radiation Detectors:
The companys range of radiation detectors is designed for both industrial and medical applications. These detectors offer high sensitivity and precision, making them ideal for use in environments where radiation monitoring and measurement are crucial.
Services
Beyond its product offerings, Varex Imaging Corporation provides a comprehensive suite of services aimed at supporting its clients throughout the lifecycle of its products:
- Equipment Maintenance, Service, and Repair:
Varex offers thorough maintenance and repair services for its X-ray imaging systems. This ensures that equipment continues to operate at peak efficiency, minimizing downtime and associated costs for customers.
- Training and Education:
The company provides robust training programs designed to equip healthcare practitioners and industrial professionals with the knowledge and skills necessary to optimize and maintain their imaging systems. This educational component is essential for maximizing the effectiveness of the technology deployed.
- Technical Support:
Varex Imaging Corporation is committed to providing exceptional customer service, offering 24/7 technical support to address any queries or issues that may arise. This ensures that clients receive timely assistance, which is vital for maintaining operational continuity.
In summary, Varex Imaging Corporation is dedicated to delivering a comprehensive array of advanced X-ray imaging solutions across multiple sectors, all while providing the necessary services to enhance customer satisfaction and equipment longevity. The company’s innovative products and services reflect its commitment to quality and reliability in the critical field of imaging technology.
Segments
Varex Imaging Corporation operates through two primary segments: Medical and Industrial. Each segment focuses on different markets but shares a common foundation in advanced X-ray imaging technologies.
1. Medical Segment
In the medical segment, Varex Imaging Corporation specializes in providing cutting-edge X-ray imaging components, imaging software, and technologies specific to medical applications. Key areas of focus in this segment include:
- Digital Radiography (DR):
Varex offers a comprehensive lineup of digital radiography solutions that include flat-panel detectors designed for high-resolution imaging, sophisticated image processing software, and integrated subsystems suitable for various medical applications. Their DR solutions improve diagnostic capabilities while minimizing patient exposure to radiation.
- Computed Tomography (CT):
The company provides a range of CT solutions that consist of high-performance X-ray tubes, generators, and detectors configured for diverse energy levels. This flexibility allows Varexs technology to be adapted for both standard and specialized imaging needs in clinical settings, facilitating advanced diagnostic imaging.
- Oncology:
In the oncology sector, Varex Imaging Corporation focuses on enhancing cancer treatment through advanced imaging and therapeutic solutions. The company supplies collimators, which help shape the radiation beam during treatment, filters for optimizing image quality, and various accessories that enhance the overall efficacy of radiation therapy.
Industrial Segment
The industrial segment of Varex focuses on providing X-ray imaging components and technologies for non-destructive testing and security applications. This segment is crucial for ensuring the safety and reliability of materials and products in high-stakes environments. Key applications include:
- Non-Destructive Testing (NDT):
Varex Imaging Corporations NDT solutions encompass a range of X-ray components and imaging technologies tailored for inspecting materials without causing damage. Their equipment is widely used in industries such as aerospace, automotive, and electronics, enabling manufacturers to ascertain the integrity of their products while avoiding costly failures.
- Security:
The company provides state-of-the-art X-ray security imaging systems that are essential for baggage and cargo scanning in airports and other transportation hubs. Additionally, Varex offers radiation monitoring systems designed to enhance security measures for screening individuals and vehicles, thus bolstering safety protocols in public and commercial spaces.
Products
Varex Imaging Corporation boasts an extensive range of products that cater to the diverse requirements of its customers. Some of the key products include:
- X-ray Imaging Components:
This category includes essential components such as X-ray tubes and flat-panel detectors, which are crucial for high-quality imaging in both medical and industrial applications. The robust design and innovative technology behind these components ensure optimal performance and reliability.
- Imaging Software:
The company provides advanced software solutions that support image processing, acquisition, and analysis. This software is critical for optimizing the quality of images captured and enabling healthcare professionals and industrial technicians to derive actionable insights from imaging data.
- Accelerators:
Varex manufactures advanced linear accelerators used in cancer therapy and various medical applications. These devices are engineered to deliver precise doses of radiation for effective treatment while minimizing exposure to surrounding healthy tissues.
- Collimators:
Varex Imaging Corporations advanced collimators are essential components used in radiotherapy and imaging. By directing the beam of radiation, these devices ensure that the treatment is focused on the intended area, improving treatment efficacy and patient safety.
- Radiation Detectors:
The companys range of radiation detectors is designed for both industrial and medical applications. These detectors offer high sensitivity and precision, making them ideal for use in environments where radiation monitoring and measurement are crucial.
Services
Beyond its product offerings, Varex Imaging Corporation provides a comprehensive suite of services aimed at supporting its clients throughout the lifecycle of its products:
- Equipment Maintenance, Service, and Repair:
Varex offers thorough maintenance and repair services for its X-ray imaging systems. This ensures that equipment continues to operate at peak efficiency, minimizing downtime and associated costs for customers.
- Training and Education:
The company provides robust training programs designed to equip healthcare practitioners and industrial professionals with the knowledge and skills necessary to optimize and maintain their imaging systems. This educational component is essential for maximizing the effectiveness of the technology deployed.
- Technical Support:
Varex Imaging Corporation is committed to providing exceptional customer service, offering 24/7 technical support to address any queries or issues that may arise. This ensures that clients receive timely assistance, which is vital for maintaining operational continuity.
In summary, Varex Imaging Corporation is dedicated to delivering a comprehensive array of advanced X-ray imaging solutions across multiple sectors, all while providing the necessary services to enhance customer satisfaction and equipment longevity. The company’s innovative products and services reflect its commitment to quality and reliability in the critical field of imaging technology.