OSI Systems Shares Drop as Traders Question $1.9B Backlog
OSI Systems shares fell 0.9% to $218.89 Wednesday amid light trading and no new company announcements. The stock moved as traders watched recent federal security contracts and a $1.9 billion backlog following record Q3 results. Broader markets were flat, with the Nasdaq slipping and the Dow edging higher. OSI maintained its 2026 outlook but flagged risks from contract and supply chain delays.