OSI Systems 10-K: Record FY26 Revenue of $1.79B, $275.9M Operating Cash Flow, and $1.9B Backlog

summarizeSummary

OSI Systems' annual report confirms record fiscal 2026 results: $1.79B revenue, $154.7M net income, $275.9M operating cash flow, and a $1.9B backlog. The company aggressively repurchased shares while managing a $1.0B debt load.

check_boxKey Events · Earnings and Guidance · OSIS

• Record FY26 Revenue and Earnings

  Total net revenues reached $1.786 billion, up 4.2% year-over-year, with net income of $154.7 million and diluted EPS of $8.95.

• Operating Cash Flow Nearly Triples

  Cash from operations surged to $275.9 million from $97.6 million, driven by improved working capital and higher net income.

• Strong Backlog of $1.9 Billion

  Consolidated backlog totaled approximately $1.9 billion as of June 30, 2026, up from $1.8 billion a year earlier, with 59% of remaining performance obligations expected to be recognized within 12 months.

• Aggressive Share Repurchases

  The company repurchased 1,111,825 shares for $271.9 million during fiscal 2026, reducing shares outstanding to 15.9 million.

auto_awesomeAnalysis · OSIS · Manufacturing

Fiscal 2026 proved to be a standout year for OSI Systems, with revenue climbing 4.2% to $1.79 billion and net income reaching $154.7 million. Operating cash flow nearly tripled to $275.9 million, leaving the company with $359.8 million in cash. The company repurchased $271.9 million of stock and issued $575 million in convertible notes, resulting in $1.0 billion in total debt but ample liquidity. A backlog of $1.9 billion supports future revenue visibility, with 59% of remaining performance obligations expected to convert within 12 months.