Filing Flows › OSI Systems (OSIS) › Q2 FY26
OSI Systems (OSIS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 29, 2026
OSI Systems (OSIS) reported revenue of $464M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and +21% from the quarter before. Operating margin was 12.7%, net earnings $38.7M (8.3% of revenue).
OSI Systems, Q2 FY26: revenue $464M (+10% year over year), operating margin 12.7%, net earnings $38.7M, operating cash flow $62.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $464M | +21% | +11% |
| Gross profit | $152M | +23% | +3% |
| Operating profit | $58.8M | +78% | +1% |
| Net earnings | $38.7M | +88% | +2% |
| Operating cash flow | $62.2M | +263% | +18% |
| Free cash flow | $55.5M | +449% | +18% |
What changed
Revenue was $464.1M in Q2 FY26, up 11% year over year and up 21% from the previous quarter. Security Division was the largest line at 72% of revenue. Security Division added $44.7M year over year (up 15%), 101% of the total change. Healthcare Division declined 19%.
Gross margin was 32.7%, down 2.4 points from a year earlier. Operating profit was $58.8M, a 12.7% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 14% margin then. Operating expenses grew 4% against revenue growth of 11%. Net earnings were $38.7M, up 2% year over year. The effective tax rate was 19.5%.
Operating cash flow was $62.2M (up 18% year over year), 161% of net earnings. Non-cash charges added back $9.6M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $6.7M left free cash flow of $55.5M.
Questions
What was OSI Systems' revenue in the second quarter fiscal 2026?
OSI Systems (OSIS) reported revenue of $464M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and +21% from the quarter before.
Was OSI Systems profitable in the second quarter fiscal 2026?
Operating profit was $58.8M (12.7% of revenue) and net earnings $38.7M.
Source: OSI Systems 10-Q on SEC EDGAR.