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Viavi Solutions vs OSI Systems: VIAV and OSIS compared
Viavi Solutions is the larger company: $469M of revenue in its latest quarter (Q1 FY27) against $403M for OSI Systems (Q1 FY27). Viavi Solutions is growing faster (+57% against +5% a year earlier). Viavi Solutions is more profitable, with an operating margin of 17.4% against 8.3%.
Where the money goes: VIAV and OSIS
Viavi Solutions (VIAV) · Q1 FY27
Viavi Solutions, Q1 FY27: revenue $469M (+57% year over year), operating margin 17.4%, net earnings $76.0M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
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.
| Viavi Solutions (VIAV) | OSI Systems (OSIS) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $469M | $403M |
| Revenue growth, Y/Y | +57% | +5% |
| Gross margin | 61.2% | 30.7% |
| Operating margin | 17.4% | 8.3% |
| Net earnings | $76.0M | $24.6M |
| Net margin | 16.2% | 6.1% |
| Operating cash flow | $105M | $37.1M |
| Free cash flow | $92.7M | $29.4M |
| Market value | $7.6B | $3.2B |
| P/E | 117.5× | 21.0× |
| Analysts’ mean target | $58.14 | $273.29 |
Where the revenue comes from
Viavi Solutions
- Product revenue: $416M (89%)
- Service revenue: $53.6M (11%)
OSI Systems
- Security Division: $264M (65%)
- Optoelectronics and Manufacturing Division: $104M (26%)
- Healthcare Division: $35.1M (9%)
Questions
Which is bigger, Viavi Solutions or OSI Systems?
Viavi Solutions is the larger company: $469M of revenue in its latest quarter (Q1 FY27) against $403M for OSI Systems (Q1 FY27).
Is Viavi Solutions or OSI Systems growing faster?
Viavi Solutions is growing faster (+57% against +5% a year earlier).
Which is more profitable, Viavi Solutions or OSI Systems?
Viavi Solutions is more profitable, with an operating margin of 17.4% against 8.3%.
More: Viavi Solutions earnings · how Viavi Solutions makes money · OSI Systems earnings · how OSI Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.