OSI Systems, Inc. announced its financial results for the first quarter of fiscal 2027, reporting record revenues of $403.5 million. This figure represents a 5% year-over-year increase compared to the $384.6 million generated in the same period of the prior fiscal year.
The company reported diluted earnings per share of $1.51 on a GAAP basis, marking a 28% increase from the $1.18 reported in the prior year. On a non-GAAP basis, diluted earnings per share were $1.66, reflecting a 17% year-over-year increase from $1.42.
Operating cash flow for the quarter totaled $37.1 million, more than doubling the $17.1 million generated in the prior year quarter. As of September 30, 2026, the company held $302 million in cash, cash equivalents, and short-term investments.
Bookings for the quarter reached $583 million, resulting in a book-to-bill ratio of 1.4. This metric drove the company’s backlog to a record $2.1 billion, an increase from $1.9 billion as of June 30, 2026.
OSI Systems reaffirmed its fiscal 2027 revenue guidance, maintaining a range of $1.875 billion to $1.930 billion, which implies year-over-year growth of 5.0% to 8.1%. Additionally, the company raised its non-GAAP diluted earnings per share guidance for fiscal 2027 to a range of $11.28 to $11.64, up from the previous range of $11.13 to $11.49.
The company repurchased 305,559 shares during the first quarter of fiscal 2027, returning approximately $62 million to shareholders. As of September 30, 2026, there were 773,172 shares remaining under the company’s repurchase authorization.
