Filing Flows › OSI Systems (OSIS) › Q1 FY26
OSI Systems (OSIS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
OSI Systems (OSIS) reported revenue of $385M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -24% from the quarter before. Operating margin was 8.6%, net earnings $20.6M (5.3% of revenue).
OSI Systems, Q1 FY26: revenue $385M (+12% year over year), operating margin 8.6%, net earnings $20.6M, operating cash flow $17.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $385M | -24% | +12% |
| Gross profit | $123M | -27% | +1% |
| Operating profit | $33.1M | -55% | +9% |
| Net earnings | $20.6M | -61% | +15% |
| Operating cash flow | $17.1M | 30× | — |
| Free cash flow | $10.1M | — | — |
What changed
Revenue was $384.6M in Q1 FY26, up 12% year over year and down 24% from the previous quarter. Security Division was the largest line at 66% of revenue. Security Division added $29.9M year over year (up 13%), 74% of the total change.
Gross margin was 32.0%, down 3.3 points from a year earlier. Operating profit was $33.1M, a 8.6% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, below the 9% margin then. Operating expenses fell 1% while revenue rose 12%. The fastest-growing cost line was Other operating costs (+132%). Net earnings were $20.6M, up 15% year over year. The effective tax rate was 19.9%.
Operating cash flow was $17.1M, 83% of net earnings. Non-cash charges added back $10.3M of depreciation and amortization and $6.2M of share-based compensation. Working capital and other items used $19.9M. Capital expenditures of $7.0M left free cash flow of $10.1M.
Questions
What was OSI Systems' revenue in the first quarter fiscal 2026?
OSI Systems (OSIS) reported revenue of $385M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and -24% from the quarter before.
Was OSI Systems profitable in the first quarter fiscal 2026?
Operating profit was $33.1M (8.6% of revenue) and net earnings $20.6M.
Source: OSI Systems 10-Q on SEC EDGAR.