Filing Flows › OSI Systems (OSIS) › Q1 FY27 › vs Q4 FY26
OSI Systems (OSIS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
OSI Systems's revenue fell $80.6M (-17%) from $484M in Q4 FY26 to $403M in Q1 FY27. The biggest changes: Security Division −$75.6M (-22%); Healthcare Division −$9.6M (-22%); Optoelectronics and Manufacturing Division +$4.6M (+5%). Gross margin 30.7% against 34.7% (-4.0 pts).
OSI Systems, Q1 FY27: revenue $403M (+5% year over year), operating margin 8.3%, net earnings $24.6M, operating cash flow $37.1M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 30.7% | 34.7% | -4.0 pts |
| Operating margin | 8.3% | 15.3% | -6.9 pts |
| Net margin | 6.1% | 11.4% | -5.3 pts |
| Free cash flow margin | 7.3% | 35.7% | -28.4 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Security Division | $264M | $340M | −$75.6M | -22% |
| Optoelectronics and Manufacturing Division | $104M | $99.6M | $4.6M | +5% |
| Healthcare Division | $35.1M | $44.8M | −$9.6M | -22% |
| Revenue | $403M | $484M | −$80.6M | -17% |
| Gross profit | $124M | $168M | −$44.2M | -26% |
| Cost of revenue | $280M | $316M | −$36.4M | -12% |
| Operating profit | $33.6M | $73.9M | −$40.3M | -55% |
| Operating expenses | $90.2M | $94.1M | −$3.8M | -4% |
| Pre-tax earnings | $30.2M | $69.8M | −$39.5M | -57% |
| Other expense, net | $3.3M | $4.1M | −$797K | -19% |
| Research & development | $19.4M | $19.5M | −$74K | -0.4% |
| SG&A | $68.7M | $69.7M | −$1.0M | -1% |
| Other operating costs | $2.1M | $4.8M | −$2.7M | -57% |
| Net earnings | $24.6M | $55.2M | −$30.7M | -56% |
| Income tax | $5.7M | $14.5M | −$8.9M | -61% |
| Depreciation & amortization | $9.0M | $13.3M | −$4.2M | -32% |
| Share-based compensation | $6.0M | $6.6M | −$637K | -10% |
| Working capital & other | $2.5M | −$107M | $109M | — |
| Operating cash flow | $37.1M | $182M | −$145M | -80% |
| Free cash flow (OCF − capex) | $29.4M | $173M | −$143M | -83% |
| Capital expenditures | $7.7M | $9.3M | −$1.6M | -18% |
Questions
How much did OSI Systems's revenue grow quarter over quarter in Q1 FY27?
OSI Systems's revenue fell $80.6M (-17%) from $484M in Q4 FY26 to $403M in Q1 FY27.
What drove OSI Systems's revenue change in Q1 FY27?
Security Division −$75.6M (-22%); Healthcare Division −$9.6M (-22%); Optoelectronics and Manufacturing Division +$4.6M (+5%).