How large is OSI Systems’ share repurchase authorization after the latest increase?

The board authorized an additional 1,000,000 shares for repurchase, bringing the total remaining authorization to 1,078,731 shares. In the June 2026 quarter, the company repurchased 564,880 shares for an aggregate $123.6 million .

OSI Systems (NASDAQ: OSIS) sets 2027 growth targets and bigger buyback

Q: How did OSI Systems (OSIS) perform financially in fiscal year 2026?

OSI Systems reported fiscal 2026 revenue of $1.79 billion , up 4% year over year, with GAAP diluted EPS of $8.95 (up 3% ) and non-GAAP diluted EPS of $10.35 (up 11% ), reflecting improved profitability despite some revenue headwinds.

Q: What were OSI Systems’ results for the quarter ended June 30, 2026?

For the June 30, 2026 quarter, OSI Systems generated $484.1 million in revenue, down 4% year over year. GAAP diluted EPS was $3.27 , up 8% , and non-GAAP diluted EPS was $3.78 , up 17% , supported by higher margins and cost control.

Q: What guidance did OSI Systems (OSIS) provide for fiscal year 2027?

OSI Systems guided to fiscal 2027 revenue of $1.875–$1.93 billion , implying 5.0–8.1% growth, and non-GAAP diluted EPS of $11.13–$11.49 , implying 7.5–11.0% growth, citing backlog, opportunity pipeline and operating execution.

Q: What is OSI Systems’ current cash and debt position?

As of June 30, 2026, OSI Systems held $359.8 million in cash and cash equivalents, up from $106.4 million a year earlier. Long-term debt was $998.5 million , up from $463.5 million , and bank lines of credit were reduced to $0 .

Q: How strong is OSI Systems’ backlog going into fiscal 2027?

Backlog was approximately $1.9 billion as of June 30, 2026, compared with $1.8 billion a year earlier. Management highlighted substantial backlog in the Security division and a significant opportunity pipeline across businesses.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

OSI Systems, Inc. (OSIS) reported fiscal 2026 results and expanded its share repurchase authorization. For the year ended June 30, 2026, revenues were $1.79 billion, up 4%, with GAAP diluted EPS of $8.95 (up 3%) and non-GAAP diluted EPS of $10.35 (up 11%). Fourth-quarter revenues declined 4% to $484.1 million, but GAAP EPS rose 8% to $3.27 and non-GAAP EPS rose 17% to $3.78.

Operating cash flow for fiscal 2026 was $275.9 million, a record, and cash and equivalents increased to $359.8 million from $106.4 million, while backlog grew to about $1.9 billion. The company repurchased 564,880 shares in the fourth quarter for $123.6 million, and the board authorized an additional 1,000,000 shares, bringing remaining repurchase authorization to 1,078,731 shares. OSI Systems issued fiscal 2027 guidance for revenues of $1.875–$1.93 billion (growth of 5.0–8.1%) and non-GAAP diluted EPS of $11.13–$11.49 (growth of 7.5–11.0%).

Positive

Non-GAAP EPS growth was strong, rising 11% to $10.35 for fiscal 2026 and 17% in the fourth quarter.
Record operating cash flow of $275.9 million and cash increasing to $359.8 million strengthened liquidity.
Backlog increased to about $1.9 billion from $1.8 billion, supporting future revenue visibility.
Fiscal 2027 guidance targets revenue growth of 5.0–8.1% and non-GAAP EPS growth of 7.5–11.0%.
Shareholder returns remain a focus, with 564,880 shares repurchased for $123.6 million and repurchase authorization increased to 1,078,731 shares.

Negative

Quarterly revenue declined 4% year over year in the June 2026 quarter to $484.1 million.
Leverage increased, with long-term debt rising to $998.5 million from $463.5 million, while stockholders’ equity fell to $833.0 million from $951.1 million.
Healthcare margins remain modest, with fiscal 2026 GAAP operating margin at 4.9% non-GAAP and close to breakeven on a GAAP basis.

Insights

Analyzing...

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Fiscal 2026 Revenues: $1,785,984 (in thousands) Fiscal 2026 GAAP diluted EPS: $8.95 Fiscal 2026 non-GAAP diluted EPS: $10.35 +5 more

8 metrics

Fiscal 2026 Revenues $1,785,984 (in thousands) Consolidated revenue for fiscal year ended June 30, 2026, up 4% from 2025

Fiscal 2026 GAAP diluted EPS $8.95 Year ended June 30, 2026, up 3% from $8.71 in 2025

Fiscal 2026 non-GAAP diluted EPS $10.35 Year ended June 30, 2026, up 11% from $9.36 in 2025

Fiscal 2026 operating cash flow $275,904 (in thousands) Cash flow provided by operating activities for fiscal year 2026

Quarterly share repurchases 564,880 shares for $123,600 (in thousands) Shares repurchased in fiscal 2026 fourth quarter

Repurchase authorization remaining 1,078,731 shares Remaining capacity after adding 1,000,000 shares to program

Backlog $1.9 billion (approximate) Backlog as of June 30, 2026, versus $1.8 billion a year earlier

Fiscal 2027 revenue guidance $1.875–$1.93 billion Guided revenue range for fiscal year 2027 with 5.0–8.1% YoY growth

Key Terms

non-GAAP diluted earnings per share, backlog, stock repurchase program, Rule 10b-18, +1 more

5 terms

backlog financial

"The Company’s backlog was approximately $1.9 billion as of June 30, 2026"

A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.

stock repurchase program financial

"approved an additional 1 million shares for repurchase under our stock repurchase program"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

Rule 10b-18 regulatory

"in accordance with federal securities laws, including Rule 10b-18 promulgated"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Earnings Snapshot

Quarterly revenues: $484,058 (in thousands) · Guidance included

Three months and fiscal year ended June 30, 2026

Quarterly revenues $484,058 (in thousands) -4% vs prior-year quarter

Quarterly GAAP diluted EPS $3.27 +8% vs prior-year quarter

Quarterly non-GAAP diluted EPS $3.78 +17% vs prior-year quarter

Fiscal 2026 revenues $1,785,984 (in thousands) +4% vs fiscal 2025

Fiscal 2026 non-GAAP diluted EPS $10.35 +11% vs fiscal 2025

Guidance

For fiscal 2027, revenues are guided 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).

FAQ

How did OSI Systems (OSIS) perform financially in fiscal year 2026?

OSI Systems reported fiscal 2026 revenue of $1.79 billion, up 4% year over year, with GAAP diluted EPS of $8.95 (up 3%) and non-GAAP diluted EPS of $10.35 (up 11%), reflecting improved profitability despite some revenue headwinds.

What were OSI Systems’ results for the quarter ended June 30, 2026?

For the June 30, 2026 quarter, OSI Systems generated $484.1 million in revenue, down 4% year over year. GAAP diluted EPS was $3.27, up 8%, and non-GAAP diluted EPS was $3.78, up 17%, supported by higher margins and cost control.

What guidance did OSI Systems (OSIS) provide for fiscal year 2027?

OSI Systems guided to fiscal 2027 revenue of $1.875–$1.93 billion, implying 5.0–8.1% growth, and non-GAAP diluted EPS of $11.13–$11.49, implying 7.5–11.0% growth, citing backlog, opportunity pipeline and operating execution.

What is OSI Systems’ current cash and debt position?

As of June 30, 2026, OSI Systems held $359.8 million in cash and cash equivalents, up from $106.4 million a year earlier. Long-term debt was $998.5 million, up from $463.5 million, and bank lines of credit were reduced to $0.

How strong is OSI Systems’ backlog going into fiscal 2027?

Backlog was approximately $1.9 billion as of June 30, 2026, compared with $1.8 billion a year earlier. Management highlighted substantial backlog in the Security division and a significant opportunity pipeline across businesses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/20/2026 - 04:03 PM Accepted by SEC EDGAR 08/20/2026 - 04:02 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 20, 2026

OSI SYSTEMS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

Delaware	000-23125	33-0238801
(STATE OR OTHER JURISDICTION OF INCORPORATION)	(COMMISSION FILE NUMBER)	(IRS EMPLOYER IDENTIFICATION NO.)

12525 CHADRON AVENUE
HAWTHORNE, CA 90250

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

(310) 978-0516
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)

N/A
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		OSIS		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02

Results of Operations and Financial Condition.

On August 20, 2026, we issued a press release announcing our financial results for the quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by this reference.

We are furnishing the information contained in this Item 2.02 (including Exhibit 99.1). It shall not be deemed to be “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language in such filing.

Item 8.01 Other Events.

On August 20, 2026, we announced that our Board of Directors has approved an additional 1 million shares for repurchase under our stock repurchase program, increasing the total remaining authorization to 1,078,731 shares.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits

Exhibit 99.1:	Press Release of OSI Systems, Inc. dated August 20, 2026 announcing financial results for the quarter ended June 30, 2026.
Exhibit 99.2:	Press Release of OSI Systems, Inc. dated August 20, 2026 announcing increase in share repurchase authorization.
Exhibit 104:	Cover Page Interactive Data File (embedded within the Inline XBRL document)

EXHIBIT INDEX

Exhibit Number		Description

99.1		Press Release of OSI Systems, Inc. dated August 20, 2026 announcing financial results for the quarter ended June 30, 2026.
99.2		Press Release of OSI Systems, Inc. dated August 20, 2026 announcing increase in share repurchase authorization.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	OSI SYSTEMS, INC.
Date: August 20, 2026

	By:	/s/ Alan Edrick
		Alan Edrick
		Executive Vice President and Chief Financial Officer

Exhibit 99.1

OSI SYSTEMS REPORTS FISCAL 2026 FOURTH QUARTER

AND FISCAL YEAR FINANCIAL RESULTS

Record Fiscal Year 2026 Revenues of $1.79 billion

Q4 Earnings per Diluted Share

GAAP EPS of $3.27

Record Non-GAAP EPS of $3.78 (17% growth year-over-year)

Fiscal Year 2026 Earnings per Diluted Share

GAAP EPS of $8.95

Record Non-GAAP EPS of $10.35 (11% growth year-over-year)

Record Q4 Operating Cash Flow of $182 million

Record Fiscal Year 2026 Operating Cash Flow of $276 million

Record Backlog of $1.9 billion

Company Introduces Fiscal 2027 Revenues and Non-GAAP EPS Guidance

HAWTHORNE, Calif. — (BUSINESS WIRE) — August 20, 2026 — OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced its financial results for the three months and fiscal year ended June 30, 2026.

Ajay Mehra, OSI Systems’ President and Chief Executive Officer, stated, “Fiscal 2026 was a strong year for the Company, capped by record fourth quarter non-GAAP earnings per share and record operating cash flow, despite the impact of revenue headwinds from the Middle East conflicts which shifted the timing of certain planned deliveries. Our teams performed well across our three divisions, delivering solid bookings which led to substantial backlog. As we enter fiscal 2027, our opportunity pipeline, disciplined operating execution and continued focus on cash generation position us well to advance key strategic initiatives and drive long-term value.”

Financial Summary

	Three Months Ended June 30,						Fiscal Year Ended June 30,
(Dollars in thousands, except per-share amounts)	2025		2026		% Change		2025		2026		% Change
Revenues	$	504,985	$	484,058	-4	%	$	1,713,166	$	1,785,984	4	%

Diluted earnings per share - GAAP	$	3.03	$	3.27	8	%	$	8.71	$	8.95	3	%
Diluted earnings per share - non-GAAP	$	3.24	$	3.78	17	%	$	9.36	$	10.35	11	%

Cash flow provided by operating activities	$	561	$	182,110			$	97,592	$	275,904
Capital expenditures	$	6,119	$	9,298			$	23,832	$	30,570

The Company’s backlog was approximately $1.9 billion as of June 30, 2026 compared to $1.8 billion a year ago.

Mr. Mehra added, "The Security division continued to execute well during the fourth quarter, delivering strong profitability, outstanding cash generation and healthy bookings. While revenues were impacted by disruptions from the Middle East conflicts, underlying demand for our products and services remain encouraging. These delays do not reflect order cancellations and remain in our backlog with updated delivery schedules. The Security division ended the year with a substantial backlog, a significant opportunity pipeline and recent program wins that position the business well for the future.”

Mr. Mehra continued, “The Optoelectronics and Manufacturing division delivered strong results for the quarter with revenues up about 5% year-over-year on broad-based demand across several key end markets. Our ability to support customers with highly engineered products, precision manufacturing capabilities and global operational reach continues to differentiate us in the marketplace. We are excited by the opportunities we see across our aerospace, defense, healthcare, technology and industrial Optoelectronics customer base.”

Mr. Mehra further added, “The Healthcare division delivered an improved fourth quarter, with revenues up approximately 5% and an adjusted operating margin of 10% compared with 1% in the prior-year quarter, demonstrating the impact of operational improvements implemented throughout the year. We are focused on expanding our installed base, supporting healthcare providers with innovative clinical solutions and advancing product development initiatives designed to enhance patient care.”

The Company repurchased 564,880 shares during the fiscal 2026 fourth quarter for an aggregate cash amount of $123.6 million. The Company ended fiscal 2026 with $359.8 million of cash and cash equivalents, up from $106.4 million a year earlier. During fiscal 2026, the Company refinanced and expanded its long-term debt, extended maturities, enhanced financial flexibility to fund growth initiatives, and reduced bank lines of credit to zero while continuing to return capital to shareholders through stock repurchases.

Fiscal Year 2027 Outlook

		Guidance
Revenues		$1.875 billion - $1.930 billion
YoY Growth Rate		5.0% - 8.1%

Non-GAAP Diluted Earnings Per Share		$11.13 - $11.49
YoY Growth Rate		7.5% - 11.0%

The Company is introducing its fiscal 2027 guidance for revenues and non-GAAP diluted earnings per share, as indicated above. Actual revenues and non-GAAP diluted earnings per share could vary from this guidance due to factors discussed under “Forward-Looking Statements” or other factors.

The Company’s fiscal 2027 diluted earnings per share guidance is provided on a non-GAAP basis only. The Company does not provide a reconciliation of guidance for non-GAAP diluted EPS to GAAP diluted EPS (the most directly comparable GAAP financial measure) on a forward-looking basis because the Company is unable to provide a meaningful or accurate compilation of reconciling items and certain information is not available. This is due to the inherent difficulty and complexity in accurately forecasting the timing and amounts of various items included in the calculation of GAAP diluted EPS but excluded in the calculation of non-GAAP diluted EPS, such as acquisition costs and other non-recurring items that have not yet occurred, are out of the Company’s control or cannot otherwise reasonably be predicted. For the same reasons, the Company is unable to address the significance of unavailable information which may be material and therefore could result in GAAP diluted EPS being materially different from projected non-GAAP diluted EPS.

Conference Call Information

The Company will host a conference call and simultaneous webcast beginning at 1:30 pm PT (4:30 pm ET) today to discuss its financial results for the 2026 fourth fiscal quarter and full fiscal year. To listen, please visit the Investor Relations section of the OSI Systems website at http://investors.osi-systems.com/index.cfm and follow the link that will be posted on the front page. A replay of the webcast will be available beginning shortly after the conclusion of the conference call for approximately three months thereafter. The replay can be accessed through the Company’s website at www.osi-systems.com.

About OSI Systems

OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services with the goal of enhancing clinical care and patient outcomes. Serving customers in over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-E

Presentation of Non-GAAP Financial Measures

This earnings release includes a presentation of non-GAAP net income, non-GAAP diluted earnings per share, non-GAAP operating income (loss) by segment and non-GAAP operating margin, all of which are non-GAAP financial measures. The presentation of these non-GAAP figures is provided to allow for the comparison of the underlying performance of the Company, excluding the impact of impairment, restructuring and other charges (including certain legal costs), amortization of intangible assets acquired through business acquisitions, and associated tax effects, and discrete income tax items. Although we exclude amortization of acquired intangible assets from our non-GAAP figures, revenue generated from such intangibles is included in determining non-GAAP financial performance of the Company. Management believes that the non-GAAP financial measures presented in this earnings release provide (i) enhanced insight into the ongoing operations of the Company, (ii) meaningful information regarding the Company’s financial results (excluding amounts management does not view as reflective of ongoing operating results) for purposes of planning, forecasting and assessing the performance of the Company’s businesses, (iii) a meaningful comparison of financial results of the current period against results of past periods and (iv) financial results that are generally more comparable to financial results of peer companies than are GAAP figures. Non-GAAP financial measures should not be assessed in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP. Our non-GAAP financial measures may not be the same as measures used by other companies due to possible differences in methods and in the items or events for which adjustments are made.

Reconciliations of GAAP financial information to non-GAAP financial information are provided in the accompanying tables. The financial results calculated in accordance with GAAP and reconciliations from those financial results should be carefully evaluated.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company's current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside the Company's control and which may cause actual results to differ materially from those described in or implied by any forward-looking statement. Forward-looking statements include, but are not limited to, information provided regarding expected revenues, earnings, growth, cash flow generation, and operational performance in fiscal 2027 and beyond. The Company could be exposed to a variety of negative consequences as a result of delays related to the award of domestic and international contracts; failure to secure the renewal of key customer contracts; delays in customer programs; government shutdowns; delays in revenue recognition related to the timing of customer acceptance; the impact of potential information technology, cybersecurity or data security breaches; changes in domestic and foreign government spending and budgetary, procurement and trade policies adverse to the Company's businesses; the impact of the Russia-Ukraine conflict or conflicts in the Middle East, including the potential for broad economic disruption, increased global tensions, or potential disruptions to customer operations, procurement activities, transportation networks and project timing; global economic uncertainty, including the impact of tariffs; material delays and cancellations of orders or deliveries thereon, supply chain and transportation networks disruptions, plant closures, or other adverse impacts on the Company’s ability to execute business plans; unfavorable currency exchange rate fluctuations; unfavorable interest rate fluctuations; effect of changes in tax legislation; market acceptance of the Company's new and existing technologies, products, and services; the Company's ability to win new business and convert orders received to sales within the current fiscal year; contract and regulatory compliance matters, or actions which, if brought, could result in judgments, settlements, fines, injunctions, debarment, or penalties; and other risks and uncertainties, including, but not limited to, those detailed herein and from time to time in the Company's Securities and Exchange Commission filings, which could have a material and adverse impact on the Company's business, financial condition, and results of operations. For additional information on these and other factors that could cause the Company's future results to differ materially from those in any forward-looking statements, see the section titled "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent required to do so under federal securities laws.

For Additional Information, Contact:

OSI Systems, Inc.

Ajay Vashishat

Vice President

Telephone: (310) 349-2237

avashishat@osi-systems.com

OSI SYSTEMS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED Consolidated Statements of Operations

(in thousands, except per share data)

	Three Months Ended June 30,						Fiscal Year Ended June 30,
	2025			2026			2025			2026
Revenues:
Products	$	392,633		$	373,240		$	1,323,291		$	1,344,733
Services		112,352			110,818			389,875			441,251
Total net revenues		504,985			484,058			1,713,166			1,785,984
Cost of goods sold:
Products		277,821			251,156			908,997			944,797
Services		58,926			64,948			216,987			248,095
Total cost of goods sold		336,747			316,104			1,125,984			1,192,892
Gross profit		168,238			167,954			587,182			593,092
Operating expenses:
Selling, general and administrative		74,685			69,747			290,879			278,390
Research and development		18,844			19,500			73,444			79,141
Impairment, restructuring and other charges, net		1,687			4,819			5,335			16,591
Total operating expenses		95,216			94,066			369,658			374,122
Income from operations		73,022			73,888			217,524			218,970
Interest and other expense, net		(7,224	)		(4,118	)		(31,430	)		(26,224	)
Income before income taxes		65,798			69,770			186,094			192,746
Provision for income taxes		(13,050	)		(14,530	)		(36,457	)		(38,035	)
Net income	$	52,748		$	55,240		$	149,637		$	154,711

Diluted earnings per share	$	3.03		$	3.27		$	8.71		$	8.95
Weighted average shares outstanding – diluted		17,412			16,910			17,178			17,280

OSI SYSTEMS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

		June 30, 2025		June 30, 2026
Assets
Cash and cash equivalents	$	106,405	$	359,832
Accounts receivable, net		837,743		764,626
Inventories		407,174		415,562
Prepaid expenses and other current assets		71,539		71,671
Total current assets		1,422,861		1,611,691
Property and equipment, net		126,747		129,942
Goodwill		387,393		406,677
Intangible assets, net		183,290		192,355
Other non-current assets		120,966		161,787
Total Assets	$	2,241,257	$	2,502,452

Liabilities and Stockholders' Equity

Bank lines of credit	$	178,000	$	-
Current portion of long-term debt		8,130		2,531
Accounts payable		205,181		168,981
Accrued payroll and related expenses		49,535		51,819
Advances from customers		68,184		42,391
Deferred revenue		77,788		91,036
Other current liabilities		110,120		154,377
Total current liabilities		696,938		511,135
Long-term debt		463,504		998,518
Other long-term liabilities		129,731		159,838
Total liabilities		1,290,173		1,669,491
Total stockholders’ equity		951,084		832,961
Total Liabilities and Stockholders’ Equity	$	2,241,257	$	2,502,452

NON-GAAP FINANCIAL MEASURES AND SEGMENT INFORMATION

	Three Months Ended June 30,
		2025																	2026
(Dollars in thousands, except					Operating		% of			Net			Diluted						Operating		% of			Net			Diluted
per-share amounts)		Revenues			Income		Revenues			Income			EPS			Revenues			Income		Revenues			Income			EPS
OSI Consolidated
GAAP basis	$	504,985		$	73,022		14.5	%	$	52,748		$	3.03		$	484,058		$	73,888		15.3	%	$	55,240		$	3.27
Impairment, restructuring and other charges, net					1,687		0.3	%		1,687			0.10						4,819		1.0	%		4,819			0.29
Amortization of acquired intangible assets					4,770		0.9	%		4,770			0.27						6,793		1.4	%		6,793			0.40
Tax effect of non-GAAP adjustments										(1,380	)		(0.08	)										(2,453	)		(0.15	)
Discrete tax benefit										(1,373	)		(0.08	)										(485	)		(0.03	)
Non-GAAP basis				$	79,479		15.7	%	$	56,452		$	3.24					$	85,500		17.7	%	$	63,914		$	3.78

					Operating		% of												Operating		% of
		Revenues			Income		Revenues									Revenues			Income		Revenues
Revenue and Operating Income by Segment
Security
GAAP basis	$	366,971		$	70,538		19.2	%							$	339,733		$	63,422		18.7	%
Impairment, restructuring and other charges, net					-		0.0	%											1,919		0.6	%
Amortization of acquired intangible assets					4,174		1.2	%											5,306		1.5	%
Non-GAAP basis					74,712		20.4	%											70,647		20.8	%

Optoelectronics & Manufacturing
GAAP basis		112,667			14,999		13.3	%								117,806			15,874		13.5	%
Impairment, restructuring and other charges, net					-		0.0	%											184		0.2	%
Amortization of acquired intangible assets					327		0.3	%											1,216		1.0	%
Non-GAAP basis					15,326		13.6	%											17,274		14.7	%

Healthcare
GAAP basis		42,684			(1,368	)	-3.2	%								44,751			1,584		3.5	%
Impairment, restructuring and other charges, net					1,467		3.4	%											2,620		5.9	%
Amortization of acquired intangible assets					269		0.7	%											271		0.6	%
Non-GAAP basis					368		0.9	%											4,475		10.0	%

Corporate/Elimination
GAAP basis		(17,337	)		(11,147	)										(18,232	)		(6,992	)
Impairment, restructuring and other charges, net					220														96
Non-GAAP basis					(10,927	)													(6,896	)

OSI Consolidated
GAAP basis	$	504,985			73,022		14.5	%							$	484,058			73,888		15.3	%
Impairment, restructuring and other charges, net					1,687		0.3	%											4,819		1.0	%
Amortization of acquired intangible assets					4,770		0.9	%											6,793		1.4	%
Non-GAAP basis				$	79,479		15.7	%										$	85,500		17.7	%

NON-GAAP FINANCIAL MEASURES AND SEGMENT INFORMATION

	Fiscal Years Ended June 30,
	2025															2026
(Dollars in thousands, except				Operating			% of			Net									Operating			% of			Net
per-share amounts)	Revenues			Income			Revenues			Income			EPS			Revenues			Income			Revenues			Income			EPS
OSI Consolidated
GAAP basis	$	1,713,166		$	217,524			12.7	%	$	149,637		$	8.71		$	1,785,984		$	218,970			12.3	%	$	154,711		$	8.95
Impairment, restructuring and other charges, net					5,335			0.3	%		5,335			0.31						16,591			0.9	%		16,591			0.97
Amortization of acquired intangible assets					17,996			1.1	%		17,996			1.05						17,751			1.1	%		17,751			1.03
Non-recurring retirement expense for former CEO											-			-												4,359			0.25
Tax effect of non-GAAP adjustments											(5,413	)		(0.32	)											(8,803	)		(0.51	)
Discrete tax benefit											(6,717	)		(0.39	)											(5,806	)		(0.34	)
Non-GAAP basis				$	240,855			14.1	%	$	160,838		$	9.36					$	253,312			14.2	%	$	178,803		$	10.35

					Operating			% of												Operating			% of
		Revenues			Income			Revenues									Revenues			Income			Revenues
Revenue and Operating Income by Segment
Security
GAAP basis	$	1,196,180		$	204,952			17.1	%							$	1,247,949		$	201,463			16.1	%
Impairment, restructuring and other charges, net					1,882			0.2	%											7,006			0.6	%
Amortization of acquired intangible assets					14,882			1.2	%											14,448			1.2	%
Non-GAAP basis					221,716			18.5	%											222,917			17.9	%

Optoelectronics & Manufacturing
GAAP basis		412,065			51,540			12.5	%								450,817			57,146			12.7	%
Impairment, restructuring and other charges, net					619			0.2	%											445			0.1	%
Amortization of acquired intangible assets					1,862			0.4	%											2,220			0.5	%
Non-GAAP basis					54,021			13.1	%											59,811			13.3	%

Healthcare
GAAP basis		168,362			2,462			1.5	%								162,729			(33	)		0.0	%
Impairment, restructuring and other charges, net					2,246			1.3	%											6,945			4.3	%
Amortization of acquired intangible assets					1,252			0.7	%											1,083			0.6	%
Non-GAAP basis					5,960			3.5	%											7,995			4.9	%

Corporate/Elimination
GAAP basis		(63,441	)		(41,430	)											(75,511	)		(39,606	)
Impairment, restructuring and other charges, net					588															2,195
Non-GAAP basis					(40,842	)														(37,411	)

OSI Consolidated
GAAP basis	$	1,713,166			217,524			12.7	%							$	1,785,984			218,970			12.3	%
Impairment, restructuring and other charges, net					5,335			0.3	%											16,591			0.9	%
Amortization of acquired intangible assets					17,996			1.1	%											17,751			1.0	%
Non-GAAP basis				$	240,855			14.1	%										$	253,312			14.2	%

Exhibit 99.2

OSI SYSTEMS ANNOUNCES EXPANSION OF STOCK REPURCHASE PROGRAM

HAWTHORNE, CA – August 20, 2026 – OSI Systems, Inc. (NASDAQ: OSIS) today announced that its Board of Directors has approved an increase to the Company’s existing stock repurchase authorization.

The Board has authorized an additional 1,000,000 shares for repurchase under the Company’s stock repurchase program, increasing the total remaining authorization to 1,078,731. The expanded authorization reflects the Company’s continued confidence in its long-term strategy and strong free cash flow generation.

During the quarter ended June 30, 2026, the Company repurchased 564,880 shares of its common stock.

“We continue to execute on our capital allocation priorities by returning capital to shareholders through share repurchases,” said Alan Edrick, Executive Vice President and Chief Financial Officer. “The increase in our share repurchase authorization underscores our confidence in the strength of our business and our ability to generate robust cash flow, while maintaining flexibility to invest in growth opportunities.”

Purchases may be made from time to time in the open market or in privately negotiated transactions and block trades, in accordance with federal securities laws, including Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. This program does not have an expiration date. The share repurchase program may be modified, terminated or expanded by the Company at any time without prior notice. There is no guarantee as to the exact number of shares, if any, that will be purchased by the Company. The amount and timing of any purchases will depend on a number of factors, including price, trading volume, general market conditions, legal requirements, and other factors.