OSI Systems posts EPS in line, but Middle East delays drive revenue miss

Fiscal 2027 guidance establishes a growth framework but not a clear upside surprise. Management introduced revenue guidance of $1.875 billion to $1.930 billion and non-GAAP EPS guidance of $11.13 to $11.49, implying 5.0%–8.1% revenue growth and 7.5%–11.0% EPS growth from fiscal 2026. With no reliable published consensus for the newly issued full-year framework, the guidance cannot be called a beat or miss; its credibility depends on converting the delayed Security backlog into shipments.