OSI Systems Inc. (OSIS) stock surged 5.32% in the pre-market trading session on Thursday, January 23, 2025, following the company's impressive second-quarter fiscal 2025 financial results and an upward revision to its full-year guidance.
The electronic systems and components provider reported Q2 FY2025 revenue of $419.8 million, exceeding analysts' expectations of $406.6 million. The company's non-GAAP earnings per diluted share for the quarter stood at $2.42, outperforming the consensus estimate of $2.33.
Driven by the robust performance in the Security division, which saw a 16% year-over-year increase in revenues, OSI Systems raised its revenue guidance for fiscal 2025. The company now expects full-year revenue in the range of $1.69 billion to $1.71 billion, up from the previous guidance of $1.67 billion to $1.70 billion.
OSI Systems also lifted its fiscal 2025 adjusted EPS guidance to $9.10 to $9.40, compared to the earlier range of $9.00 to $9.30. The upward revision reflects the company's strong momentum and growing demand for its products and services across various regions.
Analysts have praised OSI Systems' ability to capitalize on the increasing demand for security and inspection systems, as well as its efforts to diversify into new markets. With a record backlog and a healthy pipeline of opportunities, the company is well-positioned for continued growth in the coming quarters.
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