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OSI Systems Inc (OSIS) stock

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NASDAQ: OSIS Nasdaq Electronic Equipment & Instruments Next results ~January 28, 2027

C+ Fundamentals grade

OSI Systems Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$57

Cash-flow model

Base case. Range ~$32–$91 across our lower- and higher-growth cases (2.4%–12.4% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 72% below it.

Price used: $202.45, November 3, 2026

OSI Systems Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds179 adding, 190 cuttingOf 52 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter OSI Systems files

10-Q filed October 29: OSI Systems

OSI Systems reported revenue of $1.80bn for the twelve months to September 2026, up 2.9% on a year earlier. Growth has eased from the 4.3% pace recorded a quarter earlier. Free-cash-flow margin, by contrast, improved markedly, climbing to 14.7% from 7.3% a year earlier. That combination of slower top-line growth alongside stronger cash conversion has lifted the company's fundamentals grade, which moves from E to C.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where OSI Systems stands after its latest 10-K

Revenue for the twelve months to June 2026 was $1.79bn, up 4.3% on a year earlier, slower than the 7.0% growth a quarter earlier. Free-cash-flow margin rose to 13.7% from 4.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades E. It passes 4 of our 7 financial-health checks.

10-K on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

OSI Systems Inc's trailing-twelve-month revenue grew 2.9% year on year, with a free-cash-flow margin of 14.7%. Where it stands out: change in share count of -1.8% ranks 7 of 46 electronic equipment & instruments companies we cover. Where it lags: long-term debt as % of assets of 40.1% ranks 30 of 31 electronic equipment & instruments companies we cover.

Our discounted-cash-flow model values the business at ~$57 per share in the base case (~$32–$91 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 105.6% while net income grew 4.2%: a 101pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $198.90 is 71% above our value per share of $57.
  • Insiders selling. 3 insiders sold $17M of stock over the past 365 days and none bought (97% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 40.1% ranks 30 of 31 electronic equipment & instruments companies we cover (median 15.2%).
  • Below peers: days sales outstanding. Days sales outstanding of 151 days ranks 48 of 52 electronic equipment & instruments companies we cover (median 68 days).
  • Heavily shorted. 16.0% of the shares available to trade are sold short (10.6 days of average volume to cover).

Latest results: FY2027 Q1

Filed October 29, 2026
Earnings per share
$1.66 against an average estimate of $1.65: beat by 0.8%
Revenue
$403m, up 4.9% on a year earlier
Share reaction
-0.6% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
January 28, 2027; average EPS estimate $2.67

OSI Systems' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.8%
  • 1 week+0.8%
  • 1 month+2.9%
  • This year-22.0%
  • 1 year-28.0%
  • 5 years+115.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.8B
Operating margin
12.2%
Net margin
8.8%
EPS (TTM, diluted)
$9.35

Growth

Revenue growth
+2.9%
Change in growth rate
−1.3 pts
Share count change
−1.8%

Cash

Free cash flow (TTM)
$265M
FCF margin
14.7%
Stock pay % of revenue
1.5%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Announcement
  5. Announcement
  6. Buyback
  7. Results
  8. Announcement
  9. Partnership
  10. Partnership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

OSI Systems Inc valuation models and calculator

What the price is pricing in

The share price implies about 23.3% a year of cash-flow growth for five years.That is faster than the 8.8% a year revenue growth OSI Systems has delivered.

  • Priced in23.3%
  • Last 12 months2.9%
  • 3 years a year11.9%
  • 5 years a year8.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($202.45, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$57
Price used
$202.45close November 3, 2026
Implied change
▼ 72%
Uncertainty
High

How we got here: a discounted-cash-flow model of OSI Systems Inc's free cash flow after stock-based pay with after-tax interest added back ($72.3M, FY2027 Q1 TTM), growing 7.4% and 7.1% in the next two years (forecasts, guidance and its record), then back to 7.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$32–~$91 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of OSI Systems Inc's free cash flow after stock-based pay ( $72.3M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value OSI Systems Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.25 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$57 ~$32–$91 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$240 ~$180–$360 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$100 ~$73–$150 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$92 ~$81–$110 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$110 ~$57–$240 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare OSI Systems Inc with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −29%
  • Revenue growth 5 points higher ▲ +39%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$44$76$117$171$241
8.5% $5$22$45$74$113$162
10% —$9$26$49$78$116

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$58.13$75.15$77.33$112.63$74.64$101.64$85.44$117.83$137.52$224.86$218.70$198.90
Market value$1.2bn$1.5bn$1.4bn$2.1bn$1.4bn$1.9bn$1.5bn$2.0bn$2.4bn$3.9bn$3.8bn$3.4bn
+ Net debt (− = net cash)−$96m$74m$205m$162m$192m$197m$230m$74m$48m$365m$658m$779m
Enterprise value$1.1bn$1.6bn$1.6bn$2.3bn$1.6bn$2.1bn$1.8bn$2.1bn$2.4bn$4.2bn$4.4bn$4.2bn
Multiples
Price / sales 1.4x1.5x1.3x1.8x1.2x1.6x1.3x1.6x1.6x2.3x2.1x1.9x
Price / earnings 44.6x70.2x—32.5x18.4x25.2x13.2x22.1x18.6x25.8x24.4x21.3x
Price / free cash flow 28.1x32.4x16.0x23.0x12.8x15.3x31.2x25.6x—52.4x15.4x12.8x
EV / EBITDA 11.1x15.3x13.1x13.8x10.2x13.0x11.0x12.1x10.5x16.2x17.0x15.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

60 /100

Moderate moat

How hard OSI Systems's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Cash operating profit has been a median 10.1% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 35.0%, moving by 1.2 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 10.2%; its worst year was 4.8%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 6.4% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.6% over five years; stock-based pay has been a median 2.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (65 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, after the close. Analysts expect revenue of $468m and EPS of $2.67 (range $2.61 to $2.83) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $11.37 +10% $1.9bn +7%
Next $12.82 +13% $2.0bn +6%

Next year's EPS estimate has moved −1.9% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.4% on 90 days ago. In the last 30 days, 0 analysts raised OSI Systems Inc's forecast and 0 cut it.

Consensus EPS forecast OSI Systems Inc, last 90 days
$11.00 $11.50 $12.00 $12.50 $13.00 $13.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $11.42 Current fiscal year, 60 days ago: $11.39 Current fiscal year, 30 days ago: $11.37 Current fiscal year, 7 days ago: $11.37 Current fiscal year, Now: $11.37 $11.37 Next fiscal year, 90 days ago: $13.06 Next fiscal year, 60 days ago: $13.06 Next fiscal year, 30 days ago: $12.81 Next fiscal year, 7 days ago: $12.82 Next fiscal year, Now: $12.82 $12.82

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $11.42$13.06
60 days ago $11.39$13.06
30 days ago $11.37$12.81
7 days ago $11.37$12.82
Now $11.37$12.82

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.65 $1.66 +0.8%
Jun 2026 $3.77 $3.78 +0.1%
Mar 2026 $2.54 $2.60 +2.3%
Dec 2025 $2.52 $2.58 +2.4%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows OSI Systems Inc's revenue by +7.4% next year and +7.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+7.4%, weight 66%) and the company's own record (+7.4%, weight 34%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy686%
Hold114%
Sell00%

Monthly trend

  1. Oct 20261517
  2. Sep 20261517
  3. Aug 20261517
  4. Jul 20261517

Counts of recommendations published by analysts covering OSI Systems Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
16.0%
of tradable shares
Days to cover
10.58
at average volume
Short interest, 1 month
−5%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.7%
of shares
Employees
7,806
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −28.6%

$278.46 on October 31, 2025 to $198.90

ThenNowEffect
Revenue (last 12 months) $1.7bn $1.8bn +4.3%
Net margin 8.7% 8.7% −0.8%
P/E multiple 32.0x 22.2x −30.5%
Share count 17m 17m −0.6%

Biggest factor: p/e multiple.

Last 3 years +83.4%

$108.46 on November 3, 2023 to $198.90

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.8bn +39.7%
Net margin 7.2% 8.7% +20.7%
P/E multiple 20.3x 22.2x +9.4%
Share count 17m 17m −0.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
OSIS0%−15%+62%+30%+52%−22%
Industry peers (median)−3%−38%+13%−1%−7%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
OSIS42%50%67%58%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
OSIS−13%−31%−24%−15%−21%−38%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 54% from July 5, 2019 to March 20, 2020. Getting back needed a 116% gain, reached on May 1, 2023, 1137 days after the low.

Price behaviour

52-week range
$192.30 – $309.68
From 52-week high
−35.8%
vs 50-day average
−0.5%
vs 200-day average
−16.2%
Volatility (1 year)
41%
Beta vs S&P 500
1.14

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.5%
After a week
6 up, 5 down
typical move ±7.4%
After a month
9 up, 2 down
typical move ±9.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −0.6% −2.1% — —
August 20, 2026 −6.4% −0.4% −4.5% −9.3%
May 4, 2026 −16.9% +0.4% −17.9% −24.4%
January 29, 2026 −7.8% −0.5% −4.9% +5.6%
October 30, 2025 +11.7% −0.8% +13.2% +7.6%
August 21, 2025 +2.4% +1.1% +2.6% +6.3%
May 1, 2025 +9.8% +2.2% +8.5% +6.2%
January 23, 2025 +18.3% +0.3% +16.1% +19.0%
October 24, 2024 −5.5% +0.2% −7.0% +16.0%
August 22, 2024 +3.7% +0.3% +2.9% +0.9%
April 25, 2024 −3.5% +0.6% −2.8% +2.2%
January 25, 2024 +3.0% +0.4% +1.2% +1.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How OSI Systems Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

OSI Systems Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) OSI Systems Inc
$1.2B $1.4B $1.6B $1.8B $2B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $1.4B Revenue (TTM), FY24 Q3: $1.5B Revenue (TTM), FY24 Q4: $1.5B Revenue (TTM), FY25 Q1: $1.6B Revenue (TTM), FY25 Q2: $1.7B Revenue (TTM), FY25 Q3: $1.7B Revenue (TTM), FY25 Q4: $1.7B Revenue (TTM), FY26 Q1: $1.8B Revenue (TTM), FY26 Q2: $1.8B Revenue (TTM), FY26 Q3: $1.8B Revenue (TTM), FY26 Q4: $1.8B Revenue (TTM), FY27 Q1: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $1.4B
FY24 Q3 $1.5B
FY24 Q4 $1.5B
FY25 Q1 $1.6B
FY25 Q2 $1.7B
FY25 Q3 $1.7B
FY25 Q4 $1.7B
FY26 Q1 $1.8B
FY26 Q2 $1.8B
FY26 Q3 $1.8B
FY26 Q4 $1.8B
FY27 Q1 $1.8B
Revenue growth, TTM YoY OSI Systems Inc
0% 10% 20% 30% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 14.8% Revenue growth, TTM YoY, FY24 Q3: 22.1% Revenue growth, TTM YoY, FY24 Q4: 20.4% Revenue growth, TTM YoY, FY25 Q1: 24.3% Revenue growth, TTM YoY, FY25 Q2: 20.7% Revenue growth, TTM YoY, FY25 Q3: 14.9% Revenue growth, TTM YoY, FY25 Q4: 11.3% Revenue growth, TTM YoY, FY26 Q1: 9.4% Revenue growth, TTM YoY, FY26 Q2: 9.0% Revenue growth, TTM YoY, FY26 Q3: 7.0% Revenue growth, TTM YoY, FY26 Q4: 4.3% Revenue growth, TTM YoY, FY27 Q1: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 14.8%
FY24 Q3 22.1%
FY24 Q4 20.4%
FY25 Q1 24.3%
FY25 Q2 20.7%
FY25 Q3 14.9%
FY25 Q4 11.3%
FY26 Q1 9.4%
FY26 Q2 9.0%
FY26 Q3 7.0%
FY26 Q4 4.3%
FY27 Q1 2.9%
Operating margin (TTM) OSI Systems Inc
12% 12.2% 12.4% 12.6% 12.8% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 12.2% Operating margin (TTM), FY24 Q3: 12.5% Operating margin (TTM), FY24 Q4: 12.3% Operating margin (TTM), FY25 Q1: 12.3% Operating margin (TTM), FY25 Q2: 12.3% Operating margin (TTM), FY25 Q3: 12.3% Operating margin (TTM), FY25 Q4: 12.7% Operating margin (TTM), FY26 Q1: 12.6% Operating margin (TTM), FY26 Q2: 12.3% Operating margin (TTM), FY26 Q3: 12.1% Operating margin (TTM), FY26 Q4: 12.3% Operating margin (TTM), FY27 Q1: 12.2% 12.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 12.2%
FY24 Q3 12.5%
FY24 Q4 12.3%
FY25 Q1 12.3%
FY25 Q2 12.3%
FY25 Q3 12.3%
FY25 Q4 12.7%
FY26 Q1 12.6%
FY26 Q2 12.3%
FY26 Q3 12.1%
FY26 Q4 12.3%
FY27 Q1 12.2%
FCF margin (TTM) OSI Systems Inc
-20% -10% 0% 10% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 4.6% FCF margin (TTM), FY24 Q3: -3.6% FCF margin (TTM), FY24 Q4: -7.1% FCF margin (TTM), FY25 Q1: -10.4% FCF margin (TTM), FY25 Q2: -5.6% FCF margin (TTM), FY25 Q3: 2.5% FCF margin (TTM), FY25 Q4: 4.3% FCF margin (TTM), FY26 Q1: 7.3% FCF margin (TTM), FY26 Q2: 7.6% FCF margin (TTM), FY26 Q3: 3.7% FCF margin (TTM), FY26 Q4: 13.7% FCF margin (TTM), FY27 Q1: 14.7% 14.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 4.6%
FY24 Q3 -3.6%
FY24 Q4 -7.1%
FY25 Q1 -10.4%
FY25 Q2 -5.6%
FY25 Q3 2.5%
FY25 Q4 4.3%
FY26 Q1 7.3%
FY26 Q2 7.6%
FY26 Q3 3.7%
FY26 Q4 13.7%
FY27 Q1 14.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar OSI Systems took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.8B
  2. Cost of revenue $1.2B · 66.8%
  3. Gross profit $593M · 33.2%
  4. Research and development $79.1M · 4.4%
  5. Selling, general and admin $278M · 15.6%
  6. Other operating costs $16.6M · 0.9%
  7. Operating income $219M · 12.3%
  8. Income tax $38M · 2.1%
  9. Interest and other $26.2M · 1.5%
  10. Net income $155M · 8.7%

Shares of revenue. Source: OSI Systems's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026 LTM Sept 2026
Income
Revenue 595 656 793 802 907 958 830 961 1,089 1,182 1,166 1,147 1,183 1,278 1,539 1,713 1,786 1,805
Gross profit 218 239 269 290 305 325 277 324 392 431 421 420 424 431 530 587 593 594
EBITDA 55 66 86 102 136 151 96 102 126 164 155 159 160 174 231 261 262 261
Operating income 37 48 66 74 81 92 38 33 56 108 105 115 122 135 189 218 219 219
Net income 24 33 46 44 48 65 26 21 −29 65 75 74 115 92 128 150 155 159
Diluted EPS $1.28 $1.71 $2.24 $2.15 $2.33 $3.17 $1.30 $1.07 −$1.57 $3.46 $4.05 $4.03 $6.45 $5.34 $7.38 $8.71 $8.95 $9.35
Growth (year on year)
Revenue — +10.2% +20.9% +1.1% +13.1% +5.7% −13.4% +15.8% +13.4% +8.5% −1.4% −1.6% +3.2% +8.0% +20.4% +11.3% +4.3% +2.9%
EBITDA — +19.8% +29.9% +18.3% +32.9% +11.5% −36.3% +5.4% +23.8% +30.5% −5.7% +3.0% +0.8% +8.3% +33.1% +12.9% +0.2% −0.7%
Operating income — +29.9% +38.1% +12.9% +9.2% +13.3% −58.3% −13.2% +67.9% +92.8% −2.7% +10.0% +5.5% +11.1% +39.8% +15.1% +0.7% −0.4%
Net income — +41.9% +36.3% −3.1% +8.5% +36.0% −59.9% −19.4% −238.2% — +16.1% −1.6% +55.8% −20.4% +39.6% +16.8% +3.4% +4.2%
Diluted EPS — +33.6% +31.0% −4.0% +8.4% +36.1% −59.0% −17.7% −246.7% — +17.1% −0.5% +60.0% −17.2% +38.2% +18.0% +2.8% +6.1%
Margins
Gross margin 36.6% 36.5% 33.9% 36.2% 33.6% 34.0% 33.4% 33.7% 36.0% 36.4% 36.1% 36.6% 35.9% 33.7% 34.5% 34.3% 33.2% 32.9%
EBITDA margin 9.3% 10.1% 10.9% 12.7% 14.9% 15.8% 11.6% 10.6% 11.5% 13.9% 13.3% 13.9% 13.6% 13.6% 15.0% 15.2% 14.6% 14.5%
Operating margin 6.2% 7.3% 8.3% 9.3% 9.0% 9.6% 4.6% 3.5% 5.1% 9.1% 9.0% 10.1% 10.3% 10.6% 12.3% 12.7% 12.3% 12.2%
Net margin 4.0% 5.1% 5.7% 5.5% 5.3% 6.8% 3.2% 2.2% −2.7% 5.5% 6.5% 6.5% 9.7% 7.2% 8.3% 8.7% 8.7% 8.8%
Free-cash-flow margin 5.7% 4.1% 6.6% −12.3% 8.2% 9.4% 5.0% 4.8% 8.3% 7.8% 9.3% 10.7% 4.1% 6.2% −7.1% 4.3% 13.7% 14.7%
Cash flow
Cash from operations 52 40 121 59 129 105 59 63 133 119 129 139 64 95 −88 98 276 296
Capital spending 18 13 68 157 55 15 18 17 43 27 21 17 15 16 22 24 31 31
Free cash flow 34 27 52 −99 75 90 42 46 90 92 108 122 49 79 −110 74 245 265
Stock-based pay 5 6 9 16 17 23 21 26 24 25 24 27 28 29 29 32 26 26
Free cash flow after stock pay 29 21 44 −115 58 67 21 20 66 66 84 95 21 50 −138 42 219 238
Balance sheet
Cash 52 56 91 35 39 48 104 170 85 96 76 81 64 77 95 106 360 236
Total debt 0 3 3 12 13 11 9 244 290 259 268 277 295 151 144 472 1,018 1,015
Net debt (negative = net cash) −52 −53 −89 −22 −26 −36 −96 74 205 162 192 197 230 74 48 365 658 779
Diluted shares 18m 20m 20m 21m 21m 21m 20m 20m 19m 19m 19m 18m 18m 17m 17m 17m 17m 17m
Returned to shareholders
Buybacks — 2 4 12 12 31 73 48 63 21 52 37 112 35 0 80 272 —
Total returned — 2 4 12 12 31 73 48 63 21 52 37 112 35 0 80 272 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · September 30, 2026
What it owns · $2.5bn
Short-term assets $1.6bnLonger-term assets $902m
What it owes, and who funded it · $2.5bn
Short-term liabilities $549mLonger-term liabilities $1.2bnShareholders' equity $783m
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $549m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.6bn short-term assets against $1.2bn of longer-dated liabilities.
  • More cash than debt $236m of cash against $1,000m of debt.
  • Debt below 40% of shareholders' equity Debt is 128% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 8% to 128% over five years.
  • A year's operating cash flow covers at least 20% of debt $296m of operating cash flow against $1,000m of debt.
  • Operating profit covers interest at least five times over Operating income of $219m against $22m of interest.

From OSI Systems Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$352M
Diluted share count
−1.8%
year over year
R&D spending
4.3%
of revenue
Sales & admin spending
15.5%
of revenue
Days sales outstanding
151 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated OSIS CXT ITRI CGNX MIR VNT Median
Revenue, last 12 months $1.8bn $1.8bn $2.3bn $1.1bn $1.1bn $3.1bn $104m
Revenue growth, last 12 months 2.9% 17.3% −3.6% 17.1% 19.6% 0.9% 9.8%
Revenue growth, 3-year average 11.9% −22.7% 4.0% 6.8% 11.0% −1.4% 7.2%
Revenue growth, latest quarter 4.9% 22.0% 3.0% 16.9% 24.5% −2.2% 16.5%
Gross margin 32.9% 42.1% 40.7% 68.9% 48.1% 45.5% 38.5%
Operating margin 12.2% 14.0% 13.7% 21.9% 6.0% 18.8% −7.3%
Operating margin, 3-year average 12.3% 16.3% 12.2% 15.8% 4.4% 18.3% −5.1%
Net margin 8.8% 7.8% 12.1% 16.1% 2.7% 11.3% −5.3%
Cash from operations / revenue 16.4% 15.0% 17.0% 25.4% 19.4% 15.1% −1.6%
Free-cash-flow margin 14.7% 12.4% 15.8% 24.6% 15.6% 12.5% −2.5%
Free-cash-flow margin, 3-year average 3.9% 12.2% 12.5% 17.6% 10.9% 12.8% 3.7%
Stock pay / revenue 1.5% 1.4% 2.5% 4.5% 2.1% 1.0% 3.0%
Change in share count −1.8% 0.3% −2.5% −1.0% 18.6% −4.6% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 2.9% 9.8% 37 of 53
Change in growth rate Growth -1.3pp +2.3pp 35 of 53
Gross margin Profitability 32.9% 39.7% 30 of 48
Operating margin Profitability 12.2% -7.3% 13 of 53
Net margin Profitability 8.8% -5.3% 15 of 53
Free-cash-flow margin Cash generation 14.7% -2.1% 11 of 52
Stock pay as % of revenue Cash generation 1.5% 3.0% 12 of 49
Long-term debt as % of assets Balance sheet 40.1% 15.2% 30 of 31
Change in share count Balance sheet -1.8% 1.9% 7 of 46
Days sales outstanding Balance sheet 151 days 68 days 48 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Reportable Segment Aggregation Before Other Operating $1.8B 100.0% ▲ 4.3%
Security Division $1.2B 69.9% ▲ 4.3%
Optoelectronics and Manufacturing Division $375M 21.0% ▲ 7.7%
Healthcare Division $163M 9.1% ▼ 3.3%
Products and services
Line of business Revenue YoY
Products $1.3B ▲ 1.6%
Services $441M ▲ 13.2%
Bill and Hold Service $64.7M ▲ 238.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Americas $888M 49.7% ▼ 10.7%
United States $583M 65.7% ▲ 3.6%
Other Americas $206M 23.2% ▲ 32.8%
Mexico $99.1M 11.2% ▼ 64.1%
EMEA $581M 32.5% ▲ 37.4%
Asia Pacific $316M 17.7% ▲ 7.0%

From OSI Systems Inc's 10-K filed August 21, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$4.1B
Institutions reporting
358
Shares held vs prior quarter
▲ 0.7%
Positions opened / closed
52 / 57

Top buyers and sellers, Q2 2026: 179 institutions bought and 190 sold ; the biggest buyer was Millennium Management LLC (+255K shares) and the biggest seller Mawer Investment Management Ltd (−663K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $558M 2.6M 13.4% ▲ 0.9%
FMR LLC $380M 1.7M 9.2% ▼ 11.6%
Vanguard Portfolio Management LLC $278M 1.3M 6.7% ▲ 1.8%
Jupiter Topco LLC $198M 906K 4.8% —
Vanguard Capital Management LLC $154M 703K 3.7% ▲ 0.5%
State Street Corp $147M 674K 3.6% ▲ 1.8%
Capital International Investors $130M 596K 3.1% ▼ 3.7%
Geode Capital Management, LLC $101M 464K 2.4% ▲ 5.2%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $99M 453K 2.4% ▲ 5.1%
Channing Capital Management, LLC $94.7M 433K 2.3% ▲ 62.2%
Hood River Capital Management LLC $90.6M 414K 2.2% ▲ 11.3%
Dimensional Fund Advisors LP $90.5M 414K 2.2% ▲ 4.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not OSI Systems Inc's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $16.9M 5 trades by 3 insiders · 97% under pre-set plans
Net ▼ $16.9M net selling
Insider Date Trade Shares Price Value
Chopra Deepak Director May 4, 2026 Sell pre-set plan 20,000 $281.84 $5.6M
Chopra Deepak Director February 2, 2026 Sell pre-set plan 20,000 $250.91 $5M
Chopra Deepak EXECUTIVE CHAIRMAN November 10, 2025 Sell pre-set plan 20,000 $285.74 $5.7M
Hawkins James B Director November 7, 2025 Sell 1,500 $283.15 $424,725
Morben Paul Keith PRES., OPTOELECTRONICS DIV November 7, 2025 Sell 416 $279.10 $116,106

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • August 20, 2026
  • May 4, 2026
  • January 29, 2026
  • October 30, 2025
  • August 21, 2025

Recent SEC filings

Data status

When each part of this page on OSI Systems Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

OSI Systems Inc in brief

What does OSI Systems Inc do?
OSI Systems Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in June.
What is OSI Systems Inc's stock ticker?
OSI Systems Inc trades under the ticker OSIS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is OSI Systems Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, OSI Systems Inc reported revenue of $1.8B, 2.9% higher than a year earlier, according to its SEC filings.
What is OSI Systems Inc's free cash flow?
OSI Systems Inc's free-cash-flow margin is 14.7% of revenue over the trailing twelve months, ranking 11 of the 52 electronic equipment & instruments companies we cover.
What is OSI Systems Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of OSI Systems Inc's free cash flow after stock-based pay gives ~$57 per share in the base case, and ~$32–$91 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are OSI Systems Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is OSI Systems Inc's market cap?
On November 2, 2026, OSI Systems Inc's market capitalisation was about $3.4B, with a price-to-earnings ratio of 21.3 and net debt of $779M. Market figures come from third-party market data and may be delayed.
How much debt does OSI Systems Inc have?
OSI Systems Inc's debt-to-equity ratio is 127.7%, from its latest balance sheet (7.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are OSI Systems Inc's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to OSI Systems Inc are Crane NXT, Co., Itron, Inc., Cognex Corp, Mirion Technologies, Inc. and Vontier Corp. The side-by-side comparison below sets their revenue, margins and growth against OSI Systems Inc's.
Are insiders buying or selling OSI Systems Inc stock?
Over the last 12 months, OSI Systems Inc's directors and officers reported 0 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is OSI Systems Inc's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — OSI Systems Inc announces its own schedule.