OSI Systems slightly beats Q3 revenue estimates, maintains FY revenue forecast

OSI Systems, Inc.

OSI Systems, Inc.

OSIS

0.00


Overview

  • US electronic systems maker's fiscal Q3 revenue rose 2%, slightly beating analyst expectations

  • Record non-GAAP EPS of $2.60, up 7% yr/yr; GAAP EPS fell 3% to $2.33

  • Company posted record Q3 backlog of $1.9 bln


Outlook

  • OSI Systems reiterates fiscal 2026 revenue guidance of $1.825 bln to $1.867 bln

  • Company maintains fiscal 2026 non-GAAP diluted EPS guidance of $10.30 to $10.55

  • OSI Systems says Department of Homeland Security shutdown and Middle East conflicts may impact near-term bookings


Result Drivers

  • SECURITY DIVISION EXECUTION - Co said Security division delivered solid results with strong bookings and operating margin expansion, excluding a large prior-year Mexico contract

  • OPTOELECTRONICS & MANUFACTURING GROWTH - Co said Optoelectronics and Manufacturing division posted 10% revenue growth and a strong book-to-bill ratio, benefiting from its vertically integrated global model

  • RECORD BACKLOG - Co reported record Q3 backlog of $1.9 bln, reflecting continued strong bookings momentum


Company press release: ID:nBw4MwYCXa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Beat*

$453.25 mln

$449.26 mln (7 Analysts)

Q3 EPS

$2.33

Q3 Net Income

$40.22 mln

Q3 Gross Profit

$150.32 mln

Q3 Operating Income

$53.21 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electronic equipment & parts peer group is "buy"

  • Wall Street's median 12-month price target for OSI Systems Inc is $315.00, about 11.5% above its May 1 closing price of $282.50

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago


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