| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 384.62 | 11.8% |
| Total Income | 384.62 | 11.8% |
| Expenditure | 351.55 | 12.1% |
| PBT | 25.68 | 11.8% |
| Net Profit | 20.56 | 14.6% |
| OPM | 8.60% | 0.22pp |
| NPM | 5.34% | 0.13pp |
| EPS | 1.22 | 14.0% |
OSI Systems Reports Q1 FY26 Revenue of $385 Million, Up 12% Y-o-Y
04 May 2026 · 4 May, 8:27 am
Summary
OSI Systems announced its financial results for the first quarter of fiscal 2026, reporting record revenues of $385 million, a 12% increase year-over-year. Non-GAAP earnings per share also reached a record $1.42, up 14% from the previous year. The company is increasing its fiscal 2026 revenue guidance to $1.825 billion - $1.867 billion and non-GAAP EPS guidance to $10.20 - $10.48. Ajay Mehra, OSI Systems’ President and Chief Executive Officer, noted that strong growth across all divisions and robust bookings contributed to the record results.
Key Highlights
- 1
OSI Systems reported record Q1 revenues of $385 million, reflecting a 12% year-over-year growth.
- 2
GAAP earnings per diluted share for Q1 FY26 were $1.18.
- 3
Non-GAAP earnings per diluted share reached a record $1.42 in Q1, a 14% increase year-over-year.
- 4
The company achieved a record backlog for the first fiscal quarter.
- 5
OSI Systems is increasing its fiscal 2026 revenue guidance to $1.825 billion - $1.867 billion.
- 6
The company is also increasing its fiscal 2026 non-GAAP EPS guidance to $10.20 - $10.48.
Management Comments
Ajay Mehra
We are pleased to begin fiscal 2026 with record first quarter revenues and non-GAAP earnings per share, driven by strong growth across each of our divisions. Robust bookings contributed to a record backlog for the first fiscal quarter. Looking ahead, our expanding opportunity pipeline positions us well for continued growth, as we capitalize on increasing demand and pursue strategic initiatives across key markets. Mr. Mehra further commented, “The Security division delivered another strong quarter as revenues increased 13% year-over-year, driving growth in operating income. With a healthy backlog and expanding global demand, the division is well-positioned to capitalize on future opportunities and drive sustained performance.” Mr. Mehra continued, “Our Optoelectronics and Manufacturing division also generated robust financial results in the first quarter, achieving 12% revenue growth with solid profitability. This performance highlights the competitive advantage of our vertically-integrated structure, which enables operational efficiency and innovation. With increasing customer demand, the division is poised for future growth.” Mr. Mehra concluded, “We are encouraged by the first-quarter year-over-year sales growth of 10% in our Healthcare division, which reflects the impact of our strategic initiatives and heightened customer engagement. With our strengthened leadership team in place, we look to build on this momentum.”
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