OSI Systems reported record operating cash flow and backlog for fiscal 2026, but its fourth-quarter revenue fell short of expectations, with revenue declining 4% to $484.1 million, about $45.6 million below the $529.7 million consensus estimate. Full-year revenue of $1.786 billion also missed the company's prior guidance floor by roughly $39 million, while non-GAAP diluted EPS of $3.78 was essentially in line with estimates. Management attributed the shortfall to Middle Eastern delivery delays and site-access constraints, which deferred approximately $50 million of Security orders into the next fiscal year, though these orders remain in the record backlog of about $1.9 billion. Fiscal 2027 guidance projects revenue of $1.875 billion to $1.930 billion and non-GAAP EPS of $11.13 to $11.49, implying growth of 5% to 8.1% and 7.5% to 11%, respectively. Operating cash flow surged to $275.9 million from $97.6 million, aided by a $159 million collection from the company's largest Mexican customer, while net debt rose to approximately $641.2 million following a $575 million convertible-note issuance and $123.6 million in share repurchases.
ConocoPhillips
Chevron CorpOSI Systems IncQ4 revenue missed estimates and full-year revenue fell short of guidance, despite record cash flow and backlog.
