OSI SYSTEMS INC

OSI Systems announced its fiscal 2027 first quarter financial results, reporting record revenues of $403 million and record earnings per diluted share. GAAP EPS grew 28% year-over-year to $1.51, while non-GAAP EPS increased 17% to $1.66. The company achieved a book-to-bill ratio of 1.4, leading to a record backlog of $2.1 billion. Operating cash flow more than doubled year-over-year to $37 million. OSI Systems is reaffirming its fiscal 2027 revenue guidance and raising its non-GAAP EPS guidance.

OSI Systems reported a slight increase in total net revenues for the third quarter ended March 31, 2026, reaching $453.2 million, up 2.0% year-over-year. However, net income decreased by 2.2% to $40.2 million, and diluted earnings per share fell to $2.33 from $2.40 in the prior year. For the nine-month period, the company saw stronger growth in revenues and net income. The company also significantly increased its long-term debt and cash position while repurchasing common stock.

OSI Systems announced its financial results for the third quarter of fiscal 2026, reporting record Q3 revenues of $453 million and record non-GAAP diluted earnings per share of $2.60. The company also achieved a record Q3 backlog of $1.9 billion and a book-to-bill ratio of 1.3x. Despite a GAAP EPS decrease and lower operating cash flow, the company reiterated its fiscal 2026 guidance, reflecting confidence in its diversified portfolio and strategic initiatives.