OSI Systems, Inc. Earnings Recaps
Q2 2026
Jan 30, 2026
OSI Systems delivered a record second quarter for fiscal 2026, achieving an 11% year-over-year revenue growth of $464 million, accompanied by a robust non-GAAP adjusted EPS of $2.58.
Key takeaways
- Security division reported a 15% revenue increase, driven by innovation despite some booking delays due to external factors.
- Optoelectronics division achieved double-digit growth and strong demand across various industries, underpinned by strategic investments in capacity.
- Strong operating cash flow of $62 million, with expectations for even better cash flow in the upcoming period.
- Healthy backlog and strategic wins in security, including a $20 million international order, positions the company for a strong second half of the fiscal year.
- Ongoing development in the RF sector highlighted by participation in a significant U.S. missile defense contract with a potential ceiling of $151 billion over 10 years.