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OSI Systems
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Diversified tech company spanning security, healthcare
OSI Systems
Work Here?
Diversified tech company spanning security, healthcare
Overview
OSI Systems is a diversified technology company with three core divisions: Security, Healthcare, and Optoelectronics and Manufacturing. The Security division builds inspection systems for airports, seaports, and border checkpoints that scan people and goods using imaging and sensors; the Healthcare division makes patient monitoring and diagnostic equipment that clinicians use to track vital signs; and the Optoelectronics division produces electronic components used in various devices. The company differentiates itself by combining these three lines under one organization and growing through acquisitions like Rapiscan Security Systems and Spacelabs Medical, which broaden its capabilities and markets and provide multiple revenue streams. Its goal is to design, manufacture, and deliver technology-enabled solutions that protect people and infrastructure, support clinical care, and supply high-quality electronic components for multiple industries.
About OSI Systems
Industries
Hardware
Industrial & Manufacturing
Defense
Healthcare
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Hawthorne, California
Founded
1987
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Simplify's Take
What believers are saying
- April 23, 2026 homeland defense radar UCA reached $235 million, funded initially at $46 million.
- June 2026 brought $50 million services, $19 million NII, and $10 million security orders.
- May 2026 Q3 revenue hit $453 million, while post-quarter Mexico collections added $74 million.
What critics are saying
- December 2025 ransomware exposed data for 4,910 people, inviting lawsuits and trust erosion.
- Mexico receivables still distort cash flow, with $837.7 million outstanding on March 31, 2026.
- Healthcare revenue fell 7%-19% in 2026, threatening margins and segment relevance.
What makes OSI Systems unique
- Security dominates revenue with defense-grade RF, inspection, and service integration capabilities.
- Record $1.9 billion backlog gives OSI multi-year visibility across Security and Optoelectronics.
- Installed-base service contracts, including CertScan and maintenance, deepen switching costs with governments.
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Funding
Total Funding
$2.4B
Above
Industry Average
Funded Over
6 Rounds
Stock Price
Growth & Insights and Company News
6 month growth
↑ 11%1 year growth
↑ 11%2 year growth
↑ 11%OSI Systems' Security division has secured a $15 million task order from a US government customer for cargo and vehicle inspection systems, along with ongoing service and support. The company is also actively pursuing acquisitions to expand its business. The contract reinforces the importance of government customers to OSI Systems' Security division. Cargo and vehicle inspection systems typically lead to multi-year service and maintenance arrangements, potentially deepening customer relationships and raising barriers to competitors like Leidos and Smiths Group. The stock is currently trading around $222.10, up 6.3% over the past week but down 24.1% over the past month. Management's acquisition strategy could reshape the company's competitive position, though integration risks remain alongside existing operational complexities from managing a global contract pipeline.
OSI Systems to participate in BofA Securities Industrials, Transportation & Airlines Conference. Provided By Business Wire - Last update: May 13, 2026 Quotes stocks mentioned. Article mentions: OSI Systems, Inc. (NASDAQ: OSIS) today announced that management will participate in the BofA Securities 33rd Annual Industrials, Transportation & Airlines Key Leaders Conference on Thursday, May 14, 2026, in New York, NY. The presentation is scheduled for 10:20 a.m. EDT. A live webcast of the presentation will be available in the Investor Relations section of the Company's website at www.osi-systems.com. A replay will be accessible following the event. About OSI Systems, Inc. OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three business segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services with the goal of enhancing clinical care and patient outcomes. Serving customers in over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
OSI Systems reported fiscal Q3 2026 revenues of $453 million and non-GAAP earnings per diluted share of $2.60, both quarterly records. Excluding revenues from large security contracts in Mexico, Security division revenues grew 25% year over year, whilst the Optoelectronics and Manufacturing division posted 10% growth. The company achieved a 1.3 book-to-bill ratio, resulting in a record backlog of approximately $1.9 billion. Strong bookings included a Homeland Defense award with a not-to-exceed value of approximately $235 million for radar transmit subsystems production. OSI Systems generated $14 million in operating cash flow during Q3, despite limited collections on Mexican receivables. After quarter end, the company collected approximately $74 million of the largest Mexico receivable.
OSI Systems has reported record first-quarter results for fiscal year 2025, with revenues increasing 23% year-over-year to $344 million. The security technology company's Security division drove growth with revenues up 36% year-over-year. Non-GAAP adjusted earnings per share reached a Q1 record of $1.25, whilst the company maintained a backlog of approximately $1.8 billion. OSI completed a $350 million convertible debt financing in July, which reduced borrowing costs and enabled the repurchase of around 531,000 shares. The company also completed a strategic acquisition in its Security division during September, which is expected to be accretive to fiscal 2025 non-GAAP earnings. CEO Deepak Chopra expressed optimism about the remainder of fiscal 2025 and beyond, citing the near all-time high backlog.
OSI Systems' Security division has secured an Undefinitised Contract Action worth up to $235 million to produce and integrate a homeland defence over-the-horizon radar transmit subsystem for long-range tracking. Despite the substantial award, shares fell 5.4%. The contract reinforces OSI's capabilities in radio frequency engineering and defence manufacturing, adding to a recent $30 million order for RF-based communications and surveillance systems announced on 8 January. However, the phased, undefinitised structure means the award won't immediately impact near-term catalysts. OSI's narrative projects $2.1 billion in revenue and $227.2 million in earnings by 2029, requiring 5.7% annual revenue growth. Community fair value estimates range between $264 and $300 per share, though investors remain exposed to funding delays and concentrated government customer risk.
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About OSI Systems
Industries
Hardware
Industrial & Manufacturing
Defense
Healthcare
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Hawthorne, California
Founded
1987
There are no jobs for OSI Systems right now.
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