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OSI Systems (OSIS) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Oct 29, 2026 · OSI Systems (OSIS) Q1 FY27 earnings results →

Q1 FY27 Revenue up 5% year over year to $403M · 6¢ of every $1 of revenue kept as net profit · operating margin 8.3%

OSI Systems made $403M in Q1 FY27 (+5% Y/Y): Security Division $264M, Optoelectronics and Manufacturing Division $104M, Healthcare Division $35.1M. Operating margin 8.3%, net earnings $24.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$403M
Year over year+5%
Operating margin8.3%
Net earnings$24.6M
Operating cash flow$37.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $403.5M in Q1 FY27, up 5% year over year and down 17% from the previous quarter. Security Division was the largest line at 65% of revenue. Optoelectronics and Manufacturing Division added $14.6M year over year (up 16%), 77% of the total change. Healthcare Division declined 14%.

Gross margin was 30.7%, down 1.3 points from Q1 FY26. Operating profit was $33.6M, a 8.3% margin (down 0.3 points year over year). Of the extra revenue versus Q1 FY26, 3% reached operating profit, below the 9% margin then. Operating expenses grew 0% against revenue growth of 5%. Net earnings were $24.6M, up 20% year over year. The effective tax rate was 18.8%.

Operating cash flow was $37.1M (up 116% year over year), 151% of net earnings. Non-cash charges added back $9.0M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $7.7M left free cash flow of $29.4M.

Quarterly history

OSI Systems revenue by quarterOSI Systems revenue by quarter$444MQ3 FY25$505MQ4 FY25$385MQ1 FY26$464MQ2 FY26$453MQ3 FY26$484MQ4 FY26$403MQ1 FY27
OSI Systems net earnings by quarterOSI Systems net earnings by quarter$41.1MQ3 FY25$52.7MQ4 FY25$20.6MQ1 FY26$38.7MQ2 FY26$40.2MQ3 FY26$55.2MQ4 FY26$24.6MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QOct 29, 2026$403M+5%8.3%$24.6M$37.1M
Q4 FY2610-KAug 21, 2026$484M-4%15.3%$55.2M$182M
Q3 FY2610-QMay 4, 2026$453M+2%11.7%$40.2M$14.5M
Q2 FY2610-QJan 29, 2026$464M+10%12.7%$38.7M$62.2M
Q1 FY2610-QOct 30, 2025$385M+12%8.6%$20.6M$17.1M
Q4 FY2510-KAug 25, 2025$505M+5%14.5%$52.7M$562K
Q3 FY2510-QMay 2, 2025$444M+10%12.7%$41.1M$81.6M

Charts

OSI Systems: revenue growth, year over year and quarter over quarterOSI Systems: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q3 FY25+5%+14%Q4 FY25+12%-24%Q1 FY26+10%+21%Q2 FY26+2%-2%Q3 FY26-4%+7%Q4 FY26+5%-17%Q1 FY27
Latest (Q1 FY27): Y/Y +5%, Q/Q -17%.
OSI Systems: where the cash came from (+) and went (−), TTM to Q1 FY27OSI Systems: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow$296MCash drawn (+) / kept (−)−$112MOther investing−$105MCapital spending−$31.2MOther financing−$24.6MTaxes on employees’ shares−$20.4MNet borrowing (+) / repaid (−)−$9.4MShares issued$7.5MExchange rates−$554K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
OSI Systems: profit against cash, quarter by quarterOSI Systems: profit against cash, quarter by quarterNet incomeOperating cash flow$37.8M$52.5MQ2 FY25$41.1M$81.6MQ3 FY25$52.7M$562KQ4 FY25$20.6M$17.1MQ1 FY26$38.7M$62.2MQ2 FY26$40.2M$14.5MQ3 FY26$55.2M$182MQ4 FY26$24.6M$37.1MQ1 FY27
Latest (Q1 FY27): Net income $24.6M, Operating cash flow $37.1M.
OSI Systems: diluted shares by fiscal yearOSI Systems: diluted shares by fiscal year18MFY2118MFY2217MFY2317MFY2417MFY2517MFY26
-6.0% since FY21: buybacks shrank the count.
OSI Systems: long-term debt falling due (FY26)OSI Systems: long-term debt falling due (FY26)$2.5M2027$5.0M2028$5.0M2029$355M2030$650M2031
Cash $360M, short-term investments $159K, long-term debt $1.0B at 2026-06-30.
OSI Systems in its industry: growth against margin (80 companies, SIC 3674)OSI Systems in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSISMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWROSIS (+5%, 8%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About OSI Systems

OSI Systems, Inc., together with our subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. We sell our products and provide related services in diversified markets, including homeland security, healthcare, defense and aerospace. Our company is incorporated in the State of Delaware and our principal office is located at 12525 Chadron Avenue, Hawthorne, California 90250.

In its own words, from its 10-K, filed Aug 21, 2026.

OSI Systems against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +40%. Operating margin: 8.3% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
OSIS OSI SystemsQ1 FY27$403M+5%8.3%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%

Source: OSI Systems 10-Q on SEC EDGAR · CIK 1039065 · Semiconductors & Related Devices

Guidance and outlook

OSI Systems Revenue: guidance against what was reportedOSI Systems Revenue: guidance against what was reportedguided rangereported (above / within / below)FY25$1.7BFY26$1.8BFY27
Met or beat 1 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns OSIS and who is buying

Largest holders of OSIS (13F)Largest holders of OSIS (13F)BlackRock$558MVanguard Group$537MFMR LLC$380MVanguard Portfolio Management LLC$278MJanus Henderson Group$205MJupiter Topco LLC$198MVanguard Capital Management LLC$154MState Street$147MCapital International Investors$130MGeode Capital Management, LLC$101M
Funds' net buying of OSIS by quarter (13F)Funds' net buying of OSIS by quarter (13F)$96.8M2024-09$193M2024-12$301M2025-03−$151M2025-06−$34.8M2025-09$3.1M2025-12−$8.5M2026-03$82K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OSIS

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：OSI Systems（OSIS）财报

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