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OSI Systems vs Semtech: OSIS and SMTC compared
OSI Systems is the larger company: $403M of revenue in its latest quarter (Q1 FY27) against $342M for Semtech (Q2 FY27). Semtech is growing faster (+33% against +5% a year earlier). Semtech is more profitable, with an operating margin of 16.3% against 8.3%.
Where the money goes: OSIS and SMTC
OSI Systems (OSIS) · Q1 FY27
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 follows the revenue to costs, profit and cash.
Semtech (SMTC) · Q2 FY27
Semtech, Q2 FY27: revenue $342M (+33% year over year), operating margin 16.3%, net earnings $160M, operating cash flow $68.9M. The chart follows the revenue to costs, profit and cash.
| OSI Systems (OSIS) | Semtech (SMTC) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 FY27 |
| Revenue | $403M | $342M |
| Revenue growth, Y/Y | +5% | +33% |
| Gross margin | 30.7% | 53.8% |
| Operating margin | 8.3% | 16.3% |
| Net earnings | $24.6M | $160M |
| Net margin | 6.1% | 46.8% |
| Operating cash flow | $37.1M | $68.9M |
| Free cash flow | $29.4M | $61.4M |
| Market value | $3.2B | $10.1B |
| P/E | 21.0× | — |
| Analysts’ mean target | $273.29 | $217.07 |
Where the revenue comes from
OSI Systems
- Security Division: $264M (65%)
- Optoelectronics and Manufacturing Division: $104M (26%)
- Healthcare Division: $35.1M (9%)
Questions
Which is bigger, OSI Systems or Semtech?
OSI Systems is the larger company: $403M of revenue in its latest quarter (Q1 FY27) against $342M for Semtech (Q2 FY27).
Is OSI Systems or Semtech growing faster?
Semtech is growing faster (+33% against +5% a year earlier).
Which is more profitable, OSI Systems or Semtech?
Semtech is more profitable, with an operating margin of 16.3% against 8.3%.
More: OSI Systems earnings · how OSI Systems makes money · Semtech earnings · how Semtech makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 26, 2026). Fiscal quarters can end on different dates. Not investment advice.