OSI Systems Q1 revenue beats estimates; raises FY2027 profit outlook
OSIS•OSI Systems’ fiscal first-quarter revenue rose 5% to $403.47 million, above the $396.11 million consensus, while non-GAAP EPS grew 17% year over year. The company raised its fiscal 2027 non-GAAP EPS outlook to $11.28-$11.64 and reaffirmed revenue guidance of $1.875 billion to $1.930 billion.
1. Quarterly results
OSI Systems reported fiscal first-quarter revenue of $403.47 million, compared with analyst expectations of $396.11 million. Non-GAAP EPS was $1.51, up 17% year over year, and net income was $24.57 million.
2. Raised profit outlook
The company raised its fiscal 2027 non-GAAP EPS guidance to $11.28-$11.64 from $11.13-$11.49. It reaffirmed its fiscal 2027 revenue outlook of $1.875 billion to $1.930 billion and expects Security division revenue mix and operating margin to improve over the rest of the fiscal year.
3. Division performance
OSI Systems said strong bookings reflected demand for security inspection and surveillance products, integrated solutions and services. Optoelectronics and Manufacturing revenue, including intersegment sales, rose 9% year over year and increased 16% from external customers. CEO Ajay Mehra said Healthcare performance was soft in the quarter, but the company expects improvement and a return to growth this fiscal year.
