Every material Form 8-K OSI Systems has filed with the SEC since August 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
OSI Systems reported fiscal first-quarter 2027 revenue of $403.5 million, up 5% from a year earlier, and GAAP diluted EPS of $1.51, up 28%. The company raised its fiscal 2027 non-GAAP EPS guidance to $11.28-$11.64 from $11.13-$11.49 and reaffirmed its revenue guidance of $1.875 billion-$1.930 billion, which matters to shareholders because it signals higher expected per-share earnings while the Healthcare division's results were weaker.
Q1 revenue was $403.5 million versus $384.6 million a year earlier; non-GAAP diluted EPS was $1.66 versus $1.42.
Fiscal 2027 non-GAAP EPS guidance raised to $11.28-$11.64; revenue guidance unchanged at $1.875 billion-$1.930 billion.
Healthcare division posted a GAAP operating loss of $2.4 million on revenue of $35.1 million, down from $40.7 million.
Operating cash flow was $37.1 million versus $17.1 million, and backlog reached $2.1 billion as of September 30, 2026.
OSI Systems reported fiscal fourth-quarter revenue of $484.1 million, down 4% from a year earlier, while GAAP diluted EPS rose 8% to $3.27. Management attributed the revenue decline to Middle East conflicts that shifted the timing of some deliveries, and said the delays do not reflect order cancellations. The company also introduced fiscal 2027 guidance and its board added 1 million shares to the buyback authorization.
Q4 revenue $484.1 million, down 4%; GAAP diluted EPS $3.27, up 8%; non-GAAP diluted EPS $3.78, up 17%
Fiscal 2026 revenue $1.79 billion, up 4%; GAAP diluted EPS $8.95, up 3%; backlog about $1.9 billion as of June 30, 2026
Fiscal 2027 guidance: revenue $1.875 billion to $1.930 billion; non-GAAP diluted EPS $11.13 to $11.49
Board approved 1 million additional shares for repurchase, bringing total remaining authorization to 1,078,731 shares
OSI Systems reported fiscal third-quarter 2026 revenue of $453 million, up 2% from a year earlier, and record non-GAAP diluted EPS of $2.60, up 7%. GAAP diluted EPS was $2.33, down 3% from $2.40. The company reiterated its fiscal 2026 guidance of $1.825 billion to $1.867 billion in revenue and $10.30 to $10.55 in non-GAAP diluted EPS, while noting risks from the recent Department of Homeland Security shutdown and Middle East conflicts.
Revenue was $453.2 million for the quarter ended March 31, 2026, versus $444.4 million a year earlier.
Non-GAAP diluted EPS was $2.60 versus $2.44; GAAP diluted EPS was $2.33 versus $2.40.
Backlog was approximately $1.9 billion as of March 31, 2026, up from approximately $1.8 billion at December 31, 2025.
Fiscal 2026 revenue and non-GAAP EPS guidance was reiterated, with no change to the ranges.
OSI Systems reported fiscal second-quarter 2026 revenue of $464 million, up 11% year over year, and record non-GAAP diluted EPS of $2.58, up 7%. The company raised its fiscal 2026 non-GAAP EPS guidance to $10.30 to $10.55 while keeping its prior revenue guidance unchanged. GAAP diluted EPS was flat at $2.22.
Q2 revenue of $464 million, up 11% year over year; GAAP diluted EPS flat at $2.22; non-GAAP diluted EPS of $2.58, up 7%
Fiscal 2026 non-GAAP diluted EPS guidance raised to $10.30 to $10.55, representing 10% to 13% growth; revenue guidance maintained
Backlog was $1.8 billion as of December 31, 2025; Security bookings were softer than expected, partly due to the U.S. government shutdown
Operating cash flow was $62 million in Q2, compared with $52.5 million a year earlier
OSI Systems issued $500 million of 0.50% convertible senior notes due February 1, 2031, with initial purchasers holding an option for up to an additional $75 million. The notes add debt to the company's balance sheet, and holders may convert into cash and, in some cases, common stock at an initial conversion price of about $353.82 per share.
Principal amount: $500 million, with an option for up to an additional $75 million
Interest of 0.50% per year, payable semi-annually from August 1, 2026; maturity February 1, 2031
Initial conversion price of about $353.82 per share; up to 2,153,260 common shares may be issued on conversion
Company may redeem notes on or after February 6, 2029 if share price exceeds 130% of the conversion price under stated conditions
OSI Systems reported fiscal first-quarter 2026 results for the quarter ended September 30, 2025, with revenue of $385 million, up 12% from a year earlier, and non-GAAP diluted EPS of $1.42, up 14%. The company raised its fiscal 2026 revenue guidance to $1.825 billion to $1.867 billion and its non-GAAP EPS guidance to $10.20 to $10.48, both higher than its prior ranges.
Revenue was $384.6 million, up from $344.0 million a year earlier; GAAP diluted EPS was $1.18, up from $1.05.
Non-GAAP diluted EPS was $1.42, up from $1.25 a year earlier; GAAP net income was $20.6 million, up from $17.9 million.
Fiscal 2026 revenue guidance was raised to $1.825 billion to $1.867 billion from $1.805 billion to $1.850 billion.
Fiscal 2026 non-GAAP EPS guidance was raised to $10.20 to $10.48 from $10.11 to $10.39; operating cash flow was $17.1 million, compared with negative $37.2 million a year earlier.
OSI Systems reported fourth-quarter and fiscal 2025 results for the period ended June 30, 2025, with quarterly revenue of $505 million and GAAP earnings per share of $3.03, both up from a year earlier. The company guided fiscal 2026 revenue to $1.805 billion to $1.850 billion and non-GAAP diluted EPS to $10.11 to $10.39, which points to continued growth for shareholders, though it does not provide GAAP EPS guidance.
Q4 fiscal 2025 revenue was $505 million, up 5% from $480.9 million; GAAP EPS was $3.03, up 19%.
Fiscal 2025 revenue was $1.713 billion, up 11%; GAAP EPS was $8.71, up 18%, and non-GAAP EPS was $9.36, up 15%.
Fiscal 2026 guidance: revenue of $1.805 billion to $1.850 billion (5.4% to 8.0% growth) and non-GAAP diluted EPS of $10.11 to $10.39.
After fiscal year-end, the company expanded its credit facility to $825 million and extended its maturity to July 2030.
OSI Systems entered into a Ninth Amendment to its Credit Agreement with Wells Fargo Bank, N.A. on July 1, 2025, increasing total borrowing capacity from $750 million to $825 million and extending the maturity from December 2026 to July 2030. The company said the amendment provides more favorable pricing, fewer and less restrictive covenants, and greater financial and operational flexibility.
Revolving loan commitment rises from $600 million to $725 million, plus a new $100 million term loan
Maturity extended from December 2026 to July 2030
Wells Fargo Securities, BofA Securities, JPMorgan Chase and PNC Capital Markets served as joint lead arrangers and joint bookrunners
CFO Alan Edrick said the changes support liquidity and the company's growth strategy
Manoocher Mansouri notified OSI Systems on May 27, 2025 that he will retire as President of the Optoelectronics and Manufacturing division effective June 30, 2025, and will continue as Chief Technology Officer of that division. Paul Morben, President of the OSI Electronics business unit, becomes Opto President effective July 1, 2025. The filing describes a division-level leadership transition and reports no financial results.
Mansouri retires as Opto President effective June 30, 2025, and stays on as Chief Technology Officer of the Optoelectronics and Manufacturing division.
Paul Morben, President of OSI Electronics, becomes Opto President effective July 1, 2025.
Morben's biographical details are in the October 25, 2024 proxy statement (page 29), and the filing states he has no related-party interest requiring disclosure.
OSI Systems reported fiscal third-quarter 2025 revenue of $444.4 million, up 10% from a year earlier, with GAAP diluted EPS of $2.40 versus $1.95. The company raised its fiscal 2025 revenue guidance to $1.690 billion to $1.715 billion and non-GAAP diluted EPS guidance to $9.15 to $9.45, both modestly higher than prior ranges.
Q3 FY25 revenue $444.4 million, up 10% from $405.4 million; GAAP net income $41.1 million, or $2.40 per diluted share, versus $1.95 a year earlier
Q3 non-GAAP diluted EPS $2.44, versus $2.16 in the prior-year quarter
Fiscal 2025 guidance raised: revenue $1.690 billion to $1.715 billion (previously $1.685 billion to $1.710 billion); non-GAAP diluted EPS $9.15 to $9.45 (previously $9.10 to $9.40)
Quarter-end backlog over $1.8 billion; operating cash flow $81.6 million versus cash used of $52.1 million a year earlier
OSI Systems reported fiscal second-quarter 2025 results for the period ended December 31, 2024, with revenue up 12% year over year and GAAP diluted EPS of $2.22 versus $2.11 a year earlier. The company raised its fiscal 2025 revenue and non-GAAP diluted EPS guidance, which gives shareholders a higher outlook for the full year.
Q2 FY25 revenue was $419.8 million, up from $373.2 million a year earlier.
Q2 FY25 net income was $37.8 million, or $2.22 per diluted share, versus $36.6 million, or $2.11, a year earlier.
Non-GAAP diluted EPS was $2.42 for Q2 FY25, compared with $2.21 a year earlier.
FY2025 revenue guidance rose to $1.685 billion-$1.710 billion from $1.670 billion-$1.695 billion; non-GAAP diluted EPS guidance rose to $9.10-$9.40 from $9.00-$9.30.
OSI Systems said Ajay Mehra will become President and Chief Executive Officer and join the board effective January 1, 2025, when the board grows from six to seven seats. The amended employment agreement sets a $750,000 initial base salary and details severance terms, and the filing discloses that Mehra is the first cousin of current CEO Deepak Chopra. Shareholders also elected all six board nominees and cast a non-binding say-on-pay vote at the December 12, 2024 annual meeting.
Ajay Mehra appointed to the board effective January 1, 2025, filling a newly created seat; board expands to seven directors.
Mehra to serve as President and CEO with an initial annual base salary of $750,000; the filing describes Deepak Chopra as the current President and CEO.
Severance on termination without cause, non-renewal or good reason: 24 months' salary plus two times the average of his highest three annual bonuses in the prior five years.
Advisory say-on-pay vote on fiscal 2024 executive compensation: 9,401,943 for and 5,241,700 against.
OSI Systems said its board appointed Ajay Mehra, currently president of the Security division and an executive vice president, as president and chief executive officer effective January 1, 2025, succeeding founder Deepak Chopra, who will become Executive Chairman. The filing sets Mehra's initial base salary at $750,000 and grants him restricted stock units and a cash bonus opportunity tied to performance, which shareholders may track in future proxy and compensation disclosures.
Ajay Mehra succeeds Deepak Chopra as CEO effective January 1, 2025; Chopra becomes Executive Chairman
Mehra's initial annual base salary is $750,000, with a maximum cash bonus of 200% of base salary under the adjusted return on equity program
Board granted 11,427 performance-based restricted stock units under the long-term incentive program and 14,692 restricted stock units vesting on the one-year anniversary if performance metrics are met
Mehra is the first cousin of Chopra, and the filing states he has no material related-party interest requiring disclosure
OSI Systems reported fiscal first-quarter 2025 revenue of $344.0 million, up 23% from $279.2 million a year earlier, and GAAP net income of $17.9 million, or $1.05 per diluted share, compared with $0.75 a year earlier. The company raised its fiscal 2025 revenue and non-GAAP adjusted diluted EPS guidance, which signals improved expectations for shareholders.
Q1 revenue was $344.0 million, up 23% from $279.2 million in the same quarter of fiscal 2024.
GAAP diluted EPS was $1.05 versus $0.75; non-GAAP adjusted diluted EPS was $1.25 versus $0.91.
Fiscal 2025 revenue guidance rose to $1.670 billion-$1.695 billion from $1.620 billion-$1.650 billion.
Non-GAAP adjusted diluted EPS guidance rose to $9.00-$9.30 from $8.80-$9.15; net cash used in operations was $37.2 million and backlog was about $1.8 billion.
OSI Systems' board appointed Cary Okawa, currently its Vice President and Corporate Controller, as Chief Accounting Officer and principal accounting officer, effective August 21, 2024. The filing describes a routine internal promotion of a long-serving finance executive and reports no change to compensation or financial results.
Cary Okawa, 58, appointed Chief Accounting Officer and principal accounting officer on August 21, 2024
Okawa has served as Vice President and Corporate Controller since August 2023 and previously held that role from July 2019 to April 2021
He has over 30 years of financial management and public accounting experience, including 11 years at PricewaterhouseCoopers LLP
The filing states Okawa has no related-party transactions requiring disclosure and is not related to any board member or executive officer
OSI Systems reported fiscal 2024 fourth-quarter and full-year results for the period ended June 30, 2024, with revenue rising 17% in the quarter and 20% for the year. The company also issued fiscal 2025 guidance calling for revenue of $1.620 billion to $1.650 billion and non-GAAP adjusted diluted EPS of $8.80 to $9.15.
Q4 fiscal 2024 revenue was $480.9 million, up 17% from $411.9 million; GAAP diluted EPS was $2.55 versus $2.46 a year earlier.
Fiscal 2024 revenue was $1.54 billion, up 20%; GAAP diluted EPS was $7.38 versus $5.34, and non-GAAP diluted EPS was $8.13.
Fiscal 2025 guidance: revenue of $1.620 billion to $1.650 billion and non-GAAP adjusted diluted EPS of $8.80 to $9.15.
In July 2024 the company issued $350 million of convertible senior notes at 2.25% due in fiscal 2030.
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