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OSI Systems (OSIS)
NASDAQ:OSIS
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.63Last Year’s EPS
2.44Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed multiple strong operational and financial positives: record quarterly revenue and EPS, double-digit growth in the two largest divisions (Security and Optoelectronics), solid operating cash flow, improved liquidity from a low-cost convertible issuance, and a healthy backlog with large pipeline opportunities (including RF / Golden Dome participation). Offsetting these strengths are near-term headwinds driven by a 50% decline in Mexico-related revenues that creates a concentrated Q3 revenue drag (> $50M), softer-than-expected Security bookings (timing delays), mix-driven margin pressure and weakness in Healthcare. Management provided updated, upgraded non-GAAP EPS guidance while keeping revenue guidance steady and emphasized expected stronger results in Q4 as Mexico comps ease and backlog converts. Overall, the positive operating and cash-flow developments, strategic wins and improved guidance outweigh the near-term timing and mix challenges.Company Guidance
Record Q2 Revenue and Growth
Total revenues increased 11% year-over-year to a Q2 record of $464 million, driven by broad demand across divisions and a healthy backlog of $1.8 billion.
Strong Security Division Performance
Security revenues rose 15% year-over-year to $335 million (Q2), and excluding large Mexico contracts security revenue surged ~31% year-over-year. Notable awards include a $20 million radiological detection contract (international) and a post-quarter ~ $30 million RF/ naval order.
Optoelectronics Division Momentum
Optoelectronics & Manufacturing delivered a Q2 record with revenues of $113 million, up 12% year-over-year, a book-to-bill >1 and improved adjusted operating margin to 12.9% (from 12.8%).
Record Non-GAAP EPS and Upgraded EPS Guidance
Q2 non-GAAP adjusted EPS was a Q2 record of $2.58. Company raised fiscal 2026 non-GAAP EPS guidance to $10.30–$10.55, implying 10%–13% year-over-year growth.
Strong Operating Cash Flow and Balance Sheet Actions
Generated approximately $62 million in operating cash flow in Q2. Completed a $575 million convertible notes financing at 0.5% coupon, reduced revolver borrowing, and repurchased ~547,000 shares at an average price of $267, improving liquidity and lowering interest costs. Net leverage ~2.2x at quarter end.
Pipeline & Strategic Opportunities
Participation on the Shield IDIQ (Golden Dome) program (IDIQ ceiling reported at $151 billion) and wins to support high-profile sporting events reinforce a large pipeline of domestic and international security opportunities. RF business expansion includes new Texas facilities to boost production capacity.
Improving SG&A Efficiency
Operating expenses were $70.2 million, down 1% year-over-year and decreased to 15.1% of sales from 16.8% last year; combined SG&A and R&D as a percentage of sales have decreased annually for eight years.
OSIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OSIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $269.74 | ― | ― |
Oct 30, 2025 | $243.82 | $278.46 | +14.21% |
Aug 21, 2025 | $223.39 | $217.89 | -2.46% |
May 01, 2025 | $204.74 | $224.33 | +9.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does OSI Systems (OSIS) report earnings?
OSI Systems (OSIS) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is OSI Systems (OSIS) earnings time?
OSI Systems (OSIS) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OSIS EPS forecast?
OSIS EPS forecast for the fiscal quarter 2026 (Q3) is 2.63.