OSI Systems (OSIS) Releases Q2 2026 Earnings: Revenue Slightly Beats Estimates but EPS Miss

OSI Systems Inc. ($OSIS) reported second-quarter 2026 revenue of $464.1 million, up 10.5% year over year and slightly above the revenue estimate of $458.5 million.

Key income statement highlights:

Gross profit: $151.6 million (up 3.0% year over year).

Operating profit: $58.8 million (up 1.5% year over year).

Net income attributable to common shareholders: $38.7 million (up 2.3% year over year).

Diluted earnings per share: 2.22 (flat year over year).

Cost of sales: $312.4 million (up 14.6% year over year).

Cash flow and balance sheet:

Cash from operating activities: $62.2 million (up 18.4% year over year).

Purchases of property, plant and equipment (capital spending): $6.7 million (up 21.8% year over year).

Cash and cash equivalents: $336.7 million (up 231.3% year over year).

Total liabilities: $1.677 billion (up 28.5% year over year).

Margins and analyst comparisons:

Approximate margins for the quarter — gross margin ~32.7%, operating margin ~12.7%, net margin ~8.3%.

Reported diluted EPS of 2.22 compared with an estimate of 2.5711, while revenue modestly exceeded expectations.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

OSI Systems Inc. Insider Trading Activity

OSI Systems Inc. insiders have traded $OSIS stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $OSIS stock by insiders over the last 6 months:

DEEPAK CHOPRA (EXECUTIVE CHAIRMAN) has made 0 purchases and 2 sales selling 40,000 shares for an estimated $10,630,800.
PAUL KEITH MORBEN (PRES., OPTOELECTRONICS DIV) has made 0 purchases and 2 sales selling 2,087 shares for an estimated $511,731.
JAMES B HAWKINS sold 1,500 shares for an estimated $424,724
WILLIAM FRANCIS JR BALLHAUS sold 562 shares for an estimated $133,666

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

OSI Systems Inc. Hedge Fund Activity

We have seen 177 institutional investors add shares of OSI Systems Inc. stock to their portfolio, and 179 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 525,258 shares (+91.2%) to their portfolio in Q3 2025, for an estimated $130,915,303
MAWER INVESTMENT MANAGEMENT LTD. added 343,727 shares (+67.0%) to their portfolio in Q3 2025, for an estimated $85,670,517
PRICE T ROWE ASSOCIATES INC /MD/ added 190,806 shares (+352.6%) to their portfolio in Q3 2025, for an estimated $47,556,487
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 161,482 shares (+inf%) to their portfolio in Q3 2025, for an estimated $40,247,773
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 145,146 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $36,176,189
MILLENNIUM MANAGEMENT LLC removed 128,361 shares (-57.2%) from their portfolio in Q3 2025, for an estimated $31,992,695
LIVFORSAKRINGSBOLAGET SKANDIA, OMSESIDIGT removed 113,350 shares (-90.6%) from their portfolio in Q3 2025, for an estimated $28,251,354

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

OSI Systems Inc. Government Contracts

We have seen $133,447,462 of award payments to $OSIS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

NON-INTRUSIVE INSPECTION DETECTION EQUIPMENT - MAINTENANCE AND REPAIR: $52,627,223
THIS DELIVERY ORDER IS FOR MULTI - ENERGY PORTALS.: $48,698,624
HIGH ENERGY RAIL SYSTEMS: $23,509,654
CONTRACT 70B04C25C00000042 IS FOR THE U.S. CUSTOMS AND BORDER PROTECTION OFFICE OF FIELD OPERATIONS (OFO) A...: $1,505,000
LOW ENERGY PORTAL FOR GORDIE HOWE INTERNATIONAL BRIDGE LOCATION.: $1,039,990

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

OSI Systems Inc. Analyst Ratings

Wall Street analysts have issued reports on $OSIS in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 12/01/2025
Oppenheimer issued a "Outperform" rating on 10/03/2025
B of A Securities issued a "Buy" rating on 09/26/2025
B. Riley Securities issued a "Buy" rating on 08/22/2025

To track analyst ratings and price targets for OSI Systems Inc., check out Quiver Quantitative's $OSIS forecast page.

OSI Systems Inc. Price Targets

Multiple analysts have issued price targets for $OSIS recently. We have seen 5 analysts offer price targets for $OSIS in the last 6 months, with a median target of $280.0.

Here are some recent targets:

Jeff Martin from Roth Capital set a target price of $292.0 on 12/01/2025
Mariana Perez Mora from B of A Securities set a target price of $315.0 on 11/05/2025
Seth Seifman from JP Morgan set a target price of $255.0 on 11/03/2025
Christopher Glynn from Oppenheimer set a target price of $280.0 on 10/03/2025
Josh Nichols from B. Riley Securities set a target price of $260.0 on 08/22/2025