Short answer
OSI SYSTEMS INC (OSIS) filed its fiscal 2026 10-K annual report with the SEC on Aug 21, 2026. It reported revenue of $1.8B (+4.3% year over year) and net income of $155M.
- Top risk flagged: Regulatory risk: SAFETY Act coverage limitations by U.S. Department of Homeland Security exposing to liability post-terrorism acts without full legal protections
FY2026 key financial metrics · XBRL
- Revenue
- $1.8B
- +4.3% YoY
- Net income
- $155M
- +3.4% YoY
- Operating margin
- 12.3%
- −0.4 pp YoY
- Gross margin
- 33.2%
- −1.1 pp YoY
- EPS (diluted)
- $8.95
- +2.8% YoY
- ROE
- 18.6%
- +2.8 pp YoY
- Operating cash flow
- $276M
- +182.7% YoY
Source: XBRL data from the OSI SYSTEMS INC (OSIS) FY2026 10-K on SEC EDGAR. USD.
OSI SYSTEMS INC FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Vertically integrated manufacturer of specialized electronic systems for homeland security, healthcare, defense, aerospace with three divisions: Security, Optoelectronics and Manufacturing, Healthcare
- Expanded turnkey security screening services including managing full-service checkpoint operations at several U.S. airports under TSA's Screening Partnership Program
- Introduced advanced SaaS platforms integrating security inspection data with external databases for remote screening operations across multiple global regions
- Consolidated backlog grew to $1.9 billion as of June 30, 2026, up from $1.8 billion in prior year, signaling strong order pipeline
- Workforce of 7,806 employees globally with 42.2% female and 52.7% ethnically diverse U.S. workforce, highlighting ongoing focus on diversity and inclusion
Management Discussion & Analysis
- Revenue $1.786B, up 4.2% YoY; Security $1.248B (+4.3%), Optoelectronics $375.3M (+7.7%), Healthcare $162.7M (-3.4%)
- Gross margin 33.2% vs 34.3%, SG&A 15.6% vs 17.0%, R&D 4.4% vs 4.3%, impairment charges $16.6M vs $5.3M
- Best performing segment: Security division revenue +$51.8M driven by services; worst: Healthcare revenue down $5.6M mainly patient monitoring
- Operating cash flow $275.9M vs $97.6M; Capex $30.6M vs $23.8M; share repurchases $271.9M vs $80.4M; $38.0M income taxes; $359.8M cash at year-end
- Management highlights risks: geopolitical tensions (Middle East, Russia-Ukraine), supply chain constraints, inflation, trade policy uncertainty; expects sufficient liquidity for next 12 months
Risk Factors
- Regulatory risk: SAFETY Act coverage limitations by U.S. Department of Homeland Security exposing to liability post-terrorism acts without full legal protections
- Geopolitical threat: Middle East conflict disrupting supply chain, logistics providers and increasing costs, with uncertain duration and potential sanctions impact
- Operational vulnerability: Dependence on single qualified suppliers for key raw materials risking delivery delays and increased manufacturing costs
- Competitive risk: Pressure to lower product prices amid emerging new technologies and market entrants, risking profitability
- Financial risk: Indebtedness including $0.50%-2.25% Convertible Senior Notes may limit cash flow and increase vulnerability to adverse market conditions
Generated from the filing text; verify against the original. How to read a 10-K
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