OSI Systems

OSI Systems makes security scanners and medical monitors used in airports and hospitals. Its products help screen luggage for threats and monitor patient health. These systems support safer travel and better healthcare for people worldwide.

Gadgets That Guard and Guide: What OSI Sells

• Security Systems (68.6% of revenue): Baggage, cargo, and people screening for airports, borders, and government sites.
• Optoelectronics & Manufacturing (21.0%): Custom electronic parts and manufacturing for aerospace, defense, and medical device makers.
• Healthcare Equipment (10.4%): Patient monitors and heart diagnostic tools for hospitals and clinics.
• Service & Support: Installation, training, and technical help for all product lines.

OSI’s Growth Spurt: Deals, New Markets, and More

• In September 2024, acquired a military and surveillance solutions provider for $76M plus up to $24M.
• In December 2023, bought a contract manufacturer for $6.3M to boost electronics production.
• In October 2023, added a radiation detection technology firm for $2.8M plus up to $3.6M.
• Expanded security offerings and global reach through these acquisitions and ongoing R&D investment.

Why OSI Stands Out (Without the Hype)

OSI serves a wide range of industries, from airports to hospitals, with both finished products and key components. Its vertically integrated model supports recurring service revenue and product innovation. The company’s global footprint and diverse customer base help manage risk and drive steady growth.

Five Things You Need to Know

• Revenue was $385 million in Q1 2026, up 11.8% from Q1 2025.
• Security division made up 68.6% of revenue for nine months ended March 2025.
• Net income was $21 million in Q1 2026, up 14.6% year-over-year.
• Operating cash flow was $97 million YTD Q3 2025, up from negative $58.5 million prior year.

Bottom Line

OSI has grown by expanding its product lines and acquiring new technologies. Its mix of security, healthcare, and electronics helps it adapt to changing global needs.