OSI Systems(OSIS) - 2026 Q1 - Quarterly Results

Financial Performance - OSI Systems reported record Q1 revenues of $384.623 million, representing a 12% year-over-year growth[4] - Non-GAAP diluted earnings per share reached a record $1.42, reflecting a 14% increase compared to the previous year[5] - The company reported a cash flow from operating activities of $17.137 million, a significant improvement from a cash outflow of $37.160 million in the previous year[4] - Total revenues for the three months ended September 30, 2024, were $344,007 thousand, with a net income of $30,328 thousand, resulting in an EPS of $1.05[18] - For the same period in 2025, revenues increased to $384,623 thousand, with net income rising to $33,073 thousand, leading to an EPS of $1.18[18] Revenue Growth by Division - The Security division achieved a 13% year-over-year revenue growth, contributing to a strong operating income[4] - The Optoelectronics and Manufacturing division reported a 12% revenue growth, highlighting operational efficiency and innovation[4] - The Healthcare division experienced a 10% year-over-year sales growth, driven by strategic initiatives and enhanced customer engagement[4] Future Guidance - The company increased its fiscal 2026 revenue guidance to a range of $1.825 billion to $1.867 billion, up from the previous guidance[6] - Non-GAAP EPS guidance for fiscal 2026 was raised to a range of $10.20 to $10.48, indicating a year-over-year growth rate of 9.0% to 12.0%[6] Order Intake and Backlog - OSI Systems has a record backlog for the first fiscal quarter, indicating strong future demand[5] - The book-to-bill ratio for the quarter was 1.1, suggesting a healthy order intake relative to revenue[4] Segment Performance - Non-GAAP operating income for Q3 2024 was $35,373 thousand, representing 10.3% of revenues, while in Q3 2025, it remained at $39,778 thousand, also 10.3% of revenues[18] - The Security segment generated revenues of $224,314 thousand in Q3 2024, with an operating income of $28,856 thousand, equating to 12.9% of revenues[18] - In the Optoelectronics & Manufacturing segment, revenues were $97,795 thousand in Q3 2024, with an operating income of $10,609 thousand, or 10.8% of revenues[18] - Healthcare segment revenues for Q3 2024 were $37,102 thousand, with an operating income of $800 thousand, representing 2.2% of revenues[18] Corporate Charges and Tax - The Corporate/Elimination segment reported a GAAP basis of $(15,204) thousand in Q3 2024, with an operating loss of $(9,937) thousand[18] - Restructuring and other charges amounted to $1,178 thousand in Q3 2024, increasing to $2,730 thousand in Q3 2025[18] - Amortization of acquired intangible assets was $3,867 thousand in Q3 2024 and $3,975 thousand in Q3 2025[18] - The discrete tax benefit for Q3 2024 was $(482) thousand, which increased to $(863) thousand in Q3 2025[18]