OSI Systems announced a $12 million order for optical sensors from a leading healthcare original equipment manufacturer, marking a repeat business relationship that underscores sustained demand for the company’s sensor technology in medical device applications.
The order strengthens the Optoelectronics and Manufacturing division, which contributed to record revenue in Q2 FY25 and supports OSI’s strategy of expanding recurring high‑margin product offerings. The new contract adds to a backlog that has exceeded $1.8 billion and follows other sizable orders for RF‑based solutions ($30 million) and radiation monitoring ($20 million).
The optical sensors will be used in critical medical devices, highlighting OSI’s role in the growing healthcare technology market. The repeat nature of the order reflects the OEM’s confidence in OSI’s performance and the technical advantages of its sensors, such as high‑precision light‑sensing and low‑power consumption.
CEO Ajay Mehra said the partnership “aligns closely with our expertise in optoelectronics and our focus on delivering high‑performance, high‑margin solutions.” He added that the order demonstrates sustained demand and reinforces OSI’s trajectory in the healthcare segment.
The contract adds to a strong backlog and complements OSI’s broader momentum in high‑growth segments, reinforcing the company’s position as a key supplier of advanced optoelectronic components for medical and security applications.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.