OSI Systems Inc. reports developments across a vertically integrated electronics business serving homeland security, healthcare, defense, aerospace and OEM manufacturing markets. The company operates through Security, Optoelectronics and Manufacturing, and Healthcare segments.
Recurring updates include quarterly results and guidance, Security division awards for inspection systems, screening solutions, radio frequency equipment and homeland defense applications, and Optoelectronics and Manufacturing programs for electronic components and sub-assemblies used by medical device and other OEM customers. Company communications also cover backlog, bookings, recurring service revenue, global manufacturing capacity and investor conference presentations.
OSI Systems (OSIS) reported record fiscal first-quarter revenue of $403 million and raised its full-year adjusted earnings outlook. For the quarter ended September 30, 2026, revenue rose 5% year over year. GAAP diluted earnings per share increased 28% to $1.51, while non-GAAP diluted earnings per share rose 17% to $1.66. Bookings reached $583 million, with a 1.4 book-to-bill ratio, and backlog increased to $2.1 billion from $1.9 billion at June 30.
Operating cash flow rose to $37.088 million from $17.137 million. Healthcare posted an operating loss, while consolidated GAAP operating margin fell to 8.3% from 8.6%. OSI reaffirmed fiscal 2027 revenue guidance of $1.875 billion–$1.930 billion and raised non-GAAP diluted EPS guidance to $11.28–$11.64 from $11.13–$11.49. First-quarter share repurchases returned approximately $62 million to shareholders.
OSI Systems (Nasdaq: OSIS) will hold its quarterly results conference call on October 29, 2026, at 1:30 pm PT. The call will cover the quarter ended September 30, 2026. A live webcast and a replay shortly afterward will be available in the Investor Relations section of the company’s website.
OSI Systems (NASDAQ: OSIS) received approximately $23 million in orders from a North America customer for cargo inspection services. Its Security division will provide civil works, service and support for the customer's cargo inspection systems.
The work includes site engineering and infrastructure required by the systems, along with sustainment programs to keep them operating. The awards extend an existing customer relationship supporting its cargo inspection mission.
OSI Systems (OSIS) received approximately $7 million in electronic sub-assembly orders from an industrial controls equipment manufacturer.
Its Optoelectronics and Manufacturing division received the orders. The sub-assemblies are intended for the customer's industrial control and monitoring platforms.
OSI Systems (OSIS) reported that its Optoelectronics and Manufacturing division received approximately $8 million in orders from a leading global industrial technology company to supply electronic assemblies for test and measurement solutions.
The company described the orders as an expansion of a long-standing relationship with this customer across multiple product lines. OSI Systems designs and manufactures specialized electronic systems through three segments: Security, Optoelectronics and Manufacturing, and Healthcare, serving customers in more than 170 countries.
OSI Systems (OSIS) announced that its Security division received approximately $90 million in orders from U.S. Government customers for radio frequency (RF) communication products and related support services.
The products will support distinct applications, including advanced Very Low Frequency (VLF) communication systems and critical high frequency transmission solutions. The awards use production-ready RF technologies to help modernize key communication infrastructure and aim to improve performance, reliability, and lifecycle sustainment. The company said these wins reflect growing momentum in its RF business and prior investments to expand its operational footprint and labor capacity.
OSI Systems (NASDAQ: OSIS) announced that its Board approved an expansion of the company’s stock repurchase authorization, adding 1,000,000 shares and bringing the total remaining authorization to 1,078,731 shares. The company stated that the enlarged program reflects confidence in its long-term strategy and strong free cash flow generation.
According to OSI Systems, it repurchased 564,880 shares during the quarter ended June 30, 2026. Repurchases may be made over time in the open market or through privately negotiated and block transactions under Rule 10b-18. The program has no expiration date and may be modified, terminated, or expanded at any time.
OSI Systems (NASDAQ: OSIS) reported fiscal 2026 revenue of $1.79 billion, up 4% year-over-year, with GAAP diluted EPS of $8.95 and record non-GAAP EPS of $10.35 (11% growth). Q4 revenue was $484.1 million (down 4%), GAAP EPS $3.27, and record non-GAAP EPS $3.78 (17% growth).
According to OSI Systems, operating cash flow reached record levels at $182.1 million in Q4 and $275.9 million for the year. Backlog increased to approximately $1.9 billion. The company repurchased 564,880 shares for $123.6 million in Q4 and ended the year with $359.8 million in cash and cash equivalents.
OSI Systems refinanced and expanded long-term debt and reduced bank lines of credit to zero. For fiscal 2027, it guided revenue to $1.875–$1.93 billion (5.0%–8.1% growth) and non-GAAP diluted EPS to $11.13–$11.49 (7.5%–11.0% growth).
Rapiscan, a division of OSI Systems (NASDAQ: OSIS), has been named the Official Provider of Physical Screening and Security Technology Hardware/Software Solutions for the LA28 Olympic and Paralympic Games and an Official Supporter of Team USA.
The Los Angeles-based company will provide advanced screening technologies, integrated security platforms, and operational expertise to help LA28 plan and operate large-scale safety and security capabilities. Rapiscan’s AI-enabled hardware, access control, security software, and services have previously supported major sporting events and critical infrastructure across multiple countries.
OSI Systems (NASDAQ: OSIS) announced that its Security division has received a five-year indefinite-delivery, indefinite-quantity (IDIQ) contract from U.S. Customs and Border Protection (CBP) with a ceiling of approximately $85 million. The agreement covers van-mounted, mobile Rapiscan X-ray inspection systems for baggage and parcel screening.
According to OSI Systems, an initial task order of about $21 million calls for the delivery of mobile inspection systems and operator training. The company highlighted that this multi-year award reflects the strength of its mobile inspection portfolio and supports CBP’s border security mission.