OSI Systems, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting first-quarter financial results that included higher net income and total revenues compared to the same period a year earlier.

Key Highlights

  • Total net revenues of $403,472 thousand for the three months ended September 30, 2026, up from $384,623 thousand in the same period of 2025, according to the filing.
  • Net income of $24,572 thousand for the quarter ended September 30, 2026, compared to $20,556 thousand for the same quarter in 2025, as reported.
  • Diluted earnings per share of $1.51 for the three months ended September 30, 2026, versus $1.18 in the prior-year period, per the filing.
  • Share repurchases reduced common shares outstanding from 15,918,066 at June 30, 2026, to 15,728,156 at September 30, 2026, with the company repurchasing 305,559 shares for a net equity impact of $(62,845) thousand during the quarter.
  • Total assets of $2,489,442 thousand at September 30, 2026, compared to $2,502,452 thousand at June 30, 2026, per the balance sheet.
  • Long-term debt, net, of $998,294 thousand at September 30, 2026, as disclosed on the condensed consolidated balance sheet.
  • Cash and cash equivalents decreased to $236,298 thousand at September 30, 2026, from $359,832 thousand at June 30, 2026, while short-term investments increased to $65,702 thousand from $159 thousand over the same period.

OSI Systems Reports First-Quarter FY2027 Revenue and Earnings Growth

OSI Systems, Inc. (NASDAQ:OSIS), a large accelerated filer incorporated in Delaware and headquartered in Hawthorne, California, filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the Securities and Exchange Commission on October 29, 2026. The filing covers the first fiscal quarter of the company's fiscal year ending June 30, 2027. As of October 23, 2026, the company reported 15,728,156 shares of common stock outstanding.

According to the condensed consolidated statements of operations, total net revenues for the three months ended September 30, 2026, were $403,472 thousand, consisting of $289,823 thousand in product revenues and $113,649 thousand in service revenues. Gross profit was $123,801 thousand, compared to $123,185 thousand in the prior-year quarter. Income from operations was $33,570 thousand, up from $33,073 thousand for the three months ended September 30, 2025. Interest and other expense, net, improved to $(3,321) thousand from $(7,398) thousand in the prior-year period. Net income for the quarter was $24,572 thousand, with basic earnings per share of $1.55 and diluted earnings per share of $1.51, based on diluted shares of 16,252 thousand.

The filing discloses that total stockholders' equity declined to $782,844 thousand at September 30, 2026, from $832,961 thousand at June 30, 2026. This reflects, among other items, net income of $24,572 thousand, stock-based compensation of $5,961 thousand, a share repurchase that reduced retained earnings by $72,266 thousand, taxes paid related to net share settlement of equity awards of $(18,449) thousand, and other comprehensive loss of $(2,422) thousand. Inventories rose to $463,367 thousand from $415,562 thousand over the same period, while accounts receivable, net, decreased to $746,864 thousand from $764,626 thousand.

What Was Disclosed

OSI Systems filed a Form 10-Q for the quarter ended September 30, 2026, reporting net income of $24,572 thousand, total net revenues of $403,472 thousand, diluted EPS of $1.51, and total assets of $2,489,442 thousand, along with balance sheet and equity changes including share repurchases.