Varex Imaging Beats EPS Estimates by 40% Amid Teledyne Acquisition

Key Facts

1Varex Imaging reported an EPS of $0.31, significantly beating the analyst consensus of $0.21.

2The company's revenue reached $210.50 million, missing the estimated $215.50 million.

3Teledyne Technologies is set to acquire Varex Imaging for approximately $1.1 billion.

Reflecting strong operational performance in the medical imaging components sector, Varex Imaging announced its Q3 2026 results, reporting an EPS of $0.31, which significantly exceeded analyst estimates of $0.21 by over 40%. While the company delivered an earnings surprise, revenue reached $210.50 million, slightly missing the projected $215.50 million, though supported by a robust non-GAAP gross margin of 37%.

These results arrive at a critical juncture as Teledyne Technologies is set to acquire Varex Imaging for approximately $1.1 billion in a deal covering both equity and debt. Per market data, TDY shares closed at $691.3 on August 7, 2026, showing steady performance ahead of the news, while analyst reports highlight Varex's strong liquidity position with a current ratio of 3.38, providing a solid foundation for the pending merger.

Investors should monitor TDY price levels following its close at $691.3 on August 7, 2026, within a daily range of $680.96 to $691.62. With no immediate sector-specific catalysts in the upcoming economic calendar, the primary focus remains on the progress of the acquisition as the main driver for valuation in the near term.

Sources:

Financial Modeling Prep