OSI Systems Reports Fiscal 2025 Q3 Financial Results
May 2, 2025 | BUSINESS WIREEstimated reading time: 2 minutes
OSI Systems, Inc. announced its financial results for the three and nine months ended March 31, 2025.
Ajay Mehra, OSI Systems’ President and Chief Executive Officer, stated, “We are pleased to report a record-breaking third quarter for revenues, non-GAAP earnings and operating cash flow, led by excellent performance in the Security division and growth in the Optoelectronics and Manufacturing division. With record backlog and high visibility into our opportunity pipeline, we anticipate a strong finish to fiscal 2025.”
For Q3 FY25, the Company reported revenues of $444.4 million, a 10% increase over the $405.4 million reported for the same quarter of the prior year. Net income for Q3 FY25 was $41.1 million, or $2.40 per diluted share, compared to net income of $34.0 million, or $1.95 per diluted share, for the same quarter of the prior fiscal year. Non-GAAP net income for Q3 FY25 was $41.9 million, or $2.44 per diluted share, compared to non-GAAP net income for the same quarter of the prior year of $37.7 million, or $2.16 per diluted share.
For the nine months ended March 31, 2025, revenues were $1.208 billion, compared to $1.058 billion in the same period a year ago. Net income for the nine months ended March 31, 2025 was $96.9 million, or $5.67 per diluted share, compared to $83.5 million, or $4.82 per diluted share, for the same prior-year period. Non-GAAP net income for the nine months ended March 31, 2025 was $104.4 million, or $6.11 per diluted share, compared to non-GAAP net income of $91.5 million, or $5.29 per diluted share, for the same prior-year period.
The Company's book-to-bill ratio exceeded 1.0 for the third quarter of fiscal 2025. As of March 31, 2025, the Company's backlog was over $1.8 billion. For Q3 FY25, the Company generated cash from operations of $81.6 million, a significant improvement from cash used in operations of $52.1 million for the same quarter of the prior year. Capital expenditures were $4.5 million and $4.9 million for Q3 FY25 and Q3 FY24, respectively.
Mr. Mehra commented, “The Security division delivered another strong quarter as revenues increased 10% year-over-year leading to operating income growth, despite facing a challenging comparison with the previous year's quarter. Bookings were robust, and even with sizable conversion of backlog to revenue in the quarter, the Security division quarter-ended backlog reached a new record high. This reinforces our confidence that the positive momentum in the Security division will continue.”
Mr. Mehra continued, “Our Optoelectronics and Manufacturing division delivered strong financial results in the fiscal 2025 third quarter reporting 15% growth in revenues with strong operating margin expansion. This division continues to benefit from our vertically-integrated structure and is well-positioned to take advantage of future growth opportunities.”
Mr. Mehra concluded, “We are encouraged by the Q3 sales growth in our Healthcare division. With new leadership introduced to this division during the quarter, we anticipate positive momentum as we approach the new fiscal year.”
Suggested Items
Advancements in High-reliability Alloys for Automotive and High-performance Applications
05/22/2025 | Barry Matties, I-Connect007At IPC APEX EXPO, MacDermid Alpha Electronic Solutions showcased its latest innovations in SMT assembly materials designed to meet the growing demands for reliability and sustainability in automotive and high-performance applications. In this interview, Ebad Rehman, business product manager, discusses the evolution of high-reliability alloys, spotlighting ALPHA Innolot, a proven solution developed in response to the automotive industry’s increasing expectations for durability and performance under harsh operating conditions.
Zuken Launches CR-8000 2025 with AI-Enhanced Support for High-Speed, High-Density PCB Design
05/21/2025 | ZukenZuken, a global leader in electronic design automation (EDA) solutions, has announced the release of the 2025 updates to its flagship PCB design applications, CR-8000 Design Gateway and Design Force.
Incap Helps Develop Future Talent in Robotics and Engineering in Finland
05/21/2025 | IncapIncap Corporation continues to invest in the next generation of technology professionals in Finland through its involvement in two national initiatives focused on technical and vocational education.
SEMICON Southeast Asia 2025 Mega Show Opens in Singapore with Top Global C-suite Executives at Inaugural CEO Summit
05/21/2025 | SEMISEMICON Southeast Asia (SEA) 2025, the region’s flagship global electronics manufacturing and semiconductor supply chain event, officially opened today at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore.
SMTA Symposium on Counterfeit Parts & Materials Program Finalized
05/21/2025 | SMTAThe SMTA is pleased to announce the technical program for the Symposium on Counterfeit Parts & Materials. Co-organized by SMTA and the Center for Advanced Life Cycle Engineering (CALCE), the event will be held June 24-26, 2025 in Hyattsville, Maryland at the College Park Marriott Conference Center.