OSI SYSTEMS (OSIS) Company Report

OSI Systems, Inc. issued $500,000,000 aggregate principal amount of its 0.50% Convertible Senior Notes due 2031 on November 20, 2025.
The company granted the initial purchasers an option to purchase up to an additional $75,000,000 aggregate principal amount of Notes.
These Notes are senior, unsecured obligations, ranking equally in right of payment with the company's existing and future senior, unsecured indebtedness, and mature on February 1, 2031.
The initial conversion rate is 2.8263 shares of Common Stock per $1,000 principal amount of Notes.

Nov 20, 2025, 9:48 PM

8-K

OSI Systems prices upsized convertible senior notes offering

OSIS

Debt Issuance

Share Buyback

Convertible Preferred Issuance

OSI Systems, Inc. (OSIS) priced an upsized offering of $500 million aggregate principal amount of 0.50% convertible senior notes due February 1, 2031.
The notes have an initial conversion price of approximately $353.82 per share, representing a 32.5% premium over the common stock's last reported sale price of $267.03 on November 17, 2025.
The company expects net proceeds of approximately $489.4 million, with $146.1 million allocated to repurchase 546,945 shares of its common stock.
The remaining net proceeds will be used to repay a portion of the revolving credit facility and for general corporate purposes.

Nov 18, 2025, 2:08 PM

8-K

OSI Systems Announces Proposed Convertible Senior Notes Offering

OSIS

Debt Issuance

Share Buyback

OSI Systems, Inc. announced a proposed private offering of $400 million aggregate principal amount of convertible senior notes due February 1, 2031.
The company expects to grant initial purchasers an option to buy up to an additional $60.0 million principal amount of notes.
Approximately $175 million of the net proceeds are intended for share repurchases, with the remainder allocated to repaying a portion of the revolving credit facility, covering fees, and for general corporate purposes.

Nov 17, 2025, 12:45 PM

8-K

OSI Systems Announces $400M Convertible Note Offering and Share Repurchase Plan

OSIS

Debt Issuance

Share Buyback

Convertible Preferred Issuance

OSI Systems announced a $400 million private offering of convertible senior notes due 2031, with an option for purchasers to buy an additional $60 million.
Approximately $175 million of the proceeds will be used to repurchase common stock, with the remainder allocated to repaying a portion of its revolving credit facility and for general corporate purposes.
The notes are senior unsecured obligations with semi-annual interest payments and become redeemable by OSI starting in 2029 under certain stock price conditions.
The company's shares have demonstrated strong performance, increasing approximately 56% year-to-date and 81.5% over the past year.

Nov 17, 2025, 12:10 PM

Morningstar

OSI Systems Announces Record Q1 Fiscal 2026 Results and Raises Full-Year Guidance

OSIS

Earnings

Guidance Update

Revenue Acceleration/Inflection

OSI Systems reported record Q1 Fiscal 2026 financial results, with revenues increasing 12% year-over-year to $385 million and non-GAAP adjusted EPS reaching a record $1.42.
The company achieved a record Q1 backlog approaching $1.9 billion, supported by strong bookings and a book-to-bill ratio of approximately 1.1. Service revenues also grew 23% during the quarter.
Fiscal Year 2026 guidance was raised, with anticipated revenues now between $1.825 billion and $1.867 billion, representing 6.5% to 9.0% year-over-year growth. Non-GAAP adjusted EPS guidance was also increased to a range of $10.20 to $10.48, reflecting 9% to 12% year-over-year growth.
Despite an approximate 60% reduction in revenues from Mexico contracts for Fiscal Year 2026, underlying consolidated revenues grew roughly 26% in Q1, highlighting robust organic demand across core businesses. The company anticipates very strong free cash flow conversion for the fiscal year, potentially exceeding 100% of net income.

Oct 30, 2025, 8:30 PM

Transcript

OSI Systems Announces Record Q1 2026 Results and Raises Fiscal Year 2026 Guidance

OSIS

Earnings

Guidance Update

Revenue Acceleration/Inflection

OSI Systems reported record Q1 2026 revenues of $385 million, a 12% increase year-over-year, and record non-GAAP adjusted EPS of $1.42.
The company achieved a Q1 book-to-bill ratio of approximately 1.1, resulting in a record Q1 backlog approaching $1.9 billion.
All three divisions experienced double-digit revenue growth, with the Security division's revenues increasing 13% to $254 million. Excluding Mexico contracts and fiscal year 2025 acquisitions, underlying consolidated revenues grew roughly 26%.
Management raised its fiscal year 2026 revenue guidance to $1.825 billion-$1.867 billion (representing 6.5%-9.0% growth) and non-GAAP adjusted EPS guidance to $10.20-$10.48 (representing 9%-12% growth).
The company anticipates very strong free cash flow conversion for fiscal year 2026, potentially exceeding 100% of net income, driven by significant cash inflows from Mexico.

Oct 30, 2025, 8:30 PM

Transcript

OSI Systems Announces Record Q1 2026 Results and Raises Full-Year Guidance

OSIS

Earnings

Guidance Update

Revenue Acceleration/Inflection

OSI Systems (OSIS) reported strong Q1 Fiscal 2026 results, with revenues increasing 12% year-over-year to a record $385 million and non-GAAP adjusted EPS reaching a record $1.42.
The company achieved a record Q1 backlog approaching $1.9 billion with a book-to-bill ratio of approximately 1.1, driven by robust organic demand which saw underlying consolidated revenues grow roughly 26% excluding Mexico contracts and Fiscal 2025 acquisitions.
OSIS raised its Fiscal 2026 guidance, now projecting revenues of $1.825 billion to $1.867 billion (representing 6.5% to 9.0% growth) and non-GAAP adjusted EPS of $10.20 to $10.48 (representing 9% to 12% growth).
The company anticipates substantial cash inflows in Fiscal 2026, particularly from Mexico receivables, leading to very strong free cash flow conversion, potentially exceeding 100% of net income.

Oct 30, 2025, 8:30 PM

Transcript

OSI Systems Reports Record Fiscal Q1 2026 Results and Raises Full-Year Guidance

OSIS

Earnings

Guidance Update

Revenue Acceleration/Inflection

OSI Systems reported record Q1 fiscal 2026 revenues of $384.623 million, representing 12% year-over-year growth, and record non-GAAP diluted earnings per share of $1.42, a 14% year-over-year increase for the quarter ended September 30, 2025.
The company achieved record Q1 backlog and experienced strong growth across all divisions, with the Security division revenues increasing 13%, Optoelectronics and Manufacturing division revenues growing 12%, and Healthcare division sales up 10% year-over-year.
OSI Systems increased its fiscal 2026 guidance, with projected revenues now between $1.825 billion and $1.867 billion (up from $1.805 billion - $1.850 billion) and non-GAAP earnings per share between $10.20 and $10.48 (up from $10.11 - $10.39).

Oct 30, 2025, 8:05 PM

8-K

OSI Systems Reports Fiscal 2026 First Quarter Financial Results

OSIS

Earnings

Guidance Update

Revenue Acceleration/Inflection

OSI Systems reported record Q1 revenues of $384.623 million for fiscal 2026, marking a 12% year-over-year growth from $344.007 million in Q1 fiscal 2025.
The company achieved record non-GAAP diluted earnings per share of $1.42 in Q1 fiscal 2026, an increase of 14% year-over-year from $1.25 in Q1 fiscal 2025.
OSI Systems announced a record Q1 backlog.
The company increased its fiscal 2026 guidance for revenues to a range of $1.825 billion - $1.867 billion and non-GAAP earnings per share to $10.20 - $10.48.

Oct 30, 2025, 8:02 PM

Press Release

Broadcom Highlights Co-Packaged Optics Reliability

OSIS

New Projects/Investments

Product Launch

Broadcom announced achieving one million cumulative 400G equivalent port device hours of flap-free Co-Packaged Optics (CPO) operation at Meta, underscoring the technology's maturity and production-readiness for hyperscale AI applications.
The CPO technology significantly reduces optics power by 65 percent compared to pluggable module solutions and has demonstrated higher link reliability, with testing at Meta showing one million link hours without a single link flap.
This milestone positions CPO as a production-proven enabler for next-generation data center architectures, offering unprecedented bandwidth density and power efficiency, and a sustainable path for hyperscale data centers.

Oct 1, 2025, 1:00 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for OSI SYSTEMS.

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