OSI Systems Reports Fiscal Q1 2026 Financial Results

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OSI Systems, Inc. announced its financial results for the first quarter of fiscal 2026.

Highlights:

• Record Q1 Revenues of $385 Million (12% year-over-year growth)
• Q1 Earnings per Diluted Share
  • GAAP EPS of $1.18
  • Record Non-GAAP EPS of $1.42 (14% year-over-year growth)
• Record Q1 Backlog
• Company Increases Fiscal 2026 Revenues and Non-GAAP EPS Guidance

Ajay Mehra, OSI Systems’ President and Chief Executive Officer, stated, “We are pleased to begin fiscal 2026 with record first quarter revenues and non-GAAP earnings per share, driven by strong growth across each of our divisions. Robust bookings contributed to a record backlog for the first fiscal quarter. Looking ahead, our expanding opportunity pipeline positions us well for continued growth, as we capitalize on increasing demand and pursue strategic initiatives across key markets.”

Mr. Mehra further commented, “The Security division delivered another strong quarter as revenues increased 13% year-over-year, driving growth in operating income. With a healthy backlog and expanding global demand, the division is well-positioned to capitalize on future opportunities and drive sustained performance.”

Mr. Mehra continued, “Our Optoelectronics and Manufacturing division also generated robust financial results in the first quarter, achieving 12% revenue growth with solid profitability. This performance highlights the competitive advantage of our vertically-integrated structure, which enables operational efficiency and innovation. With increasing customer demand, the division is poised for future growth.”

Mr. Mehra concluded, “We are encouraged by the first-quarter year-over-year sales growth of 10% in our Healthcare division, which reflects the impact of our strategic initiatives and heightened customer engagement. With our strengthened leadership team in place, we look to build on this momentum.”