| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 453.25 | 2.3% | 2.0% |
| Total Income | 453.25 | 2.3% | 2.0% |
| Expenditure | 400.03 | 1.3% | 3.1% |
| PBT | 49.22 | 2.4% | 2.6% |
| Net Profit | 40.22 | 3.9% | 2.2% |
| OPM | 11.74% | 0.93pp | 0.91pp |
| NPM | 8.87% | 0.53pp | 0.38pp |
| EPS | 2.44 | 5.6% | 0.4% |
OSI Systems Reports Q3 Fiscal 2026 Results: Record Revenues of $453 Million
05 May 2026 · 5 May, 1:37 am
Summary
OSI Systems announced its financial results for the third quarter of fiscal 2026, reporting record Q3 revenues of $453 million. GAAP earnings per diluted share were $2.33, while non-GAAP earnings per diluted share reached a record $2.60. The company's backlog also hit a record $1.9 billion. OSI Systems reiterated its fiscal 2026 revenue guidance range of $1.825 billion to $1.867 billion and its non-GAAP diluted earnings per share guidance range of $10.30 to $10.55.
Key Highlights
- 1
OSI Systems reported record Q3 revenues of $453 million.
- 2
GAAP earnings per diluted share for Q3 were $2.33.
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Non-GAAP earnings per diluted share reached a record $2.60 in Q3.
- 4
The company's backlog hit a record $1.9 billion in Q3.
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The Q3 book-to-bill ratio was 1.3x.
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The company reiterated its fiscal 2026 revenue guidance range of $1.825 billion to $1.867 billion.
- 7
The company reiterated its fiscal 2026 non-GAAP diluted earnings per share guidance range of $10.30 to $10.55.
Management Comments
Ajay Mehra
Our third quarter results demonstrate the strength and durability of our diversified portfolio highlighted by record Q3 non-GAAP earnings per share and strong bookings, reflecting sound execution in our Security and Optoelectronics and Manufacturing divisions. Our substantial backlog and a robust pipeline position us well as we capitalize on market opportunities and advance key strategic initiatives. The Security division delivered another solid quarter supported by disciplined execution, strong bookings and operating margin expansion despite a challenging year-over-year comparison due to significant Mexico revenues in the third quarter of fiscal year 2025. Excluding these Mexico contracts, the Security division’s revenues increased by 25% year-over-year across the broader portfolio. In addition, we are pleased with recent notable awards and look forward to capturing other significant global opportunities. The Optoelectronics and Manufacturing division also produced solid third quarter results, with 10% revenue growth and a strong book-to-bill ratio. These results continue to reinforce the advantages of our vertically integrated global operating model, which provides efficiency and flexibility to serve our diverse OEM customer base across aerospace, defense, healthcare and consumer technologies.”
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