OSI Systems 10-K: Record FY26 Revenue of $1.79B, $275.9M Operating Cash Flow, and $1.9B Backlog
OSIS is trading near its 52-week low of $186.5 (12% above the low) on elevated volume (5.5× avg).
Summary
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.
Key Events · Earnings and Guidance · OSIS
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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.
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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.
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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.
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Aggressive Share Repurchases
The company repurchased 1,111,825 shares for $271.9 million during fiscal 2026, reducing shares outstanding to 15.9 million.
Analysis · 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.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OSIS was trading at $208.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $186.50 to $311.72. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.