OSI Systems reports Q2 adjusted EPS $1.19, consensus $1.17

Reports Q2 revenue $276.68M, consensus $296.84M. Deepak Chopra, OSI Systems’ chairman and CEO stated: "Overall, our second quarter performance was solid in an economy that continues to be challenged by supply chain constraints, inflationary pressures, and rising interest rates. Our Q2 bookings were outstanding as we were awarded multiple significant new contracts leading to record backlog. Given our significant backlog and pipeline of opportunities, we anticipate strong revenue and adjusted earnings growth for the balance of fiscal 2023."