{"id":1017552,"date":"2026-11-05T08:35:19","date_gmt":"2026-11-05T13:35:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/orion-reports-9-revenue-increase-in-second-quarter-fy2027-reiterates-revenue-expectation-of-100m-102m-for-full-fiscal-year\/"},"modified":"2026-11-05T08:35:19","modified_gmt":"2026-11-05T13:35:19","slug":"orion-reports-9-revenue-increase-in-second-quarter-fy2027-reiterates-revenue-expectation-of-100m-102m-for-full-fiscal-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/orion-reports-9-revenue-increase-in-second-quarter-fy2027-reiterates-revenue-expectation-of-100m-102m-for-full-fiscal-year\/","title":{"rendered":"Orion Reports 9% Revenue Increase in Second Quarter FY2027; Reiterates Revenue Expectation of $100M-$102M for Full Fiscal Year"},"content":{"rendered":"
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MANITOWOC, Wis., Nov. 05, 2026 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc.<\/strong> (NASDAQ: OESX) (Orion Lighting<\/a>), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2027 second quarter (Q2\u201927) ended September 30, 2026.<\/p>\n

Orion\u2019s Q2\u201927 revenue increased to $21.7M versus $19.9M in Q2\u201926, while Q2\u201927 gross margin was 28.7% versus 31.0% in Q2\u201926. The Company reported a net loss of $0.8M in Q2\u201927, compared to a net loss of $0.6M in Q2\u201926. The Company\u2019s adjusted EBITDA was positive in Q2 FY\u201927 \u2014 marking its eighth consecutive quarter of positive adjusted EBITDA.<\/p>\n

Orion reiterated its previously increased full fiscal year expectations of positive adjusted EBITDA on revenue of between $100 million and $102 million in FY\u201927, which began April 1, 2026.<\/p>\n

The Company noted that it expects a strong second half, with significant projects to be delivered in the third and fourth quarters. These orders are coming from a broad array of customers and include retailers, manufacturers, logistics providers, data centers and government projects.<\/p>\n

\u201cOrion enters the second half of FY\u201927 accelerating our initiatives to achieve diversified growth, sustainable margins and market expansion,\u201d said Orion\u2019s Chief Executive Officer, Sally Washlow. \u201cWhether it\u2019s rapidly growing engagements with major retail chains and logistics leaders, more and more campuses for hyper-scale data-center operators or expanding incumbencies with global automakers, Orion continues on a trajectory to achieve our profitable growth expectations for the current fiscal year.\u201d<\/p>\n

Orion is scheduled to discuss these results in an investor call today at 10:00 a.m. ET (details below).<\/p>\n

\n Webcast and Call Details<\/strong>\n <\/p>\n

Date \/ Time:\u00a0Thursday, November 5, 2026, at 10:00 a.m. ET
Live Call Registration:\u00a0https:\/\/register-conf.media-server.com\/register\/BId664f6fcc4d548fabdfb92d50077908e<\/a>
Live call participants must pre-register using the URL above to receive the dial-in information. Anyone can re-register if they lose the dial-in or PIN #.
Webcast & Replay:\u00a0https:\/\/register-conf.media-server.com\/register\/BId664f6fcc4d548fabdfb92d50077908e<\/a><\/p>\n

\n Q2’27 and Prior Three Quarters Financial Performance<\/strong>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Q2 Financial Summary<\/strong>\n <\/td>\n\u00a0<\/td>\nPrior Three Quarters<\/td>\n<\/tr>\n
$ in millions except per share figures<\/td>\n\n Q2\u201927<\/strong>\n <\/td>\nQ2\u201926<\/td>\nChange<\/td>\n\u00a0<\/td>\nQ1’27<\/td>\nQ4\u201926<\/td>\nQ3’26<\/td>\n<\/tr>\n
LED Lighting Revenue<\/td>\n\n $14.9<\/strong>\n <\/td>\n$10.7<\/td>\n40%<\/td>\n\u00a0<\/td>\n$17.7<\/td>\n$20.3<\/td>\n$12.1<\/td>\n<\/tr>\n
EV Charging Revenue<\/td>\n\n $2.8<\/strong>\n <\/td>\n$4.8<\/td>\n-41%<\/td>\n\u00a0<\/td>\n$4.0<\/td>\n$2.3<\/td>\n$4.7<\/td>\n<\/tr>\n
Maintenance Revenue<\/td>\n\n $4.0<\/strong>\n <\/td>\n$4.5<\/td>\n-12%<\/td>\n\u00a0<\/td>\n$4.1<\/td>\n$3.2<\/td>\n$4.4<\/td>\n<\/tr>\n
\n Total Revenue<\/strong>\n <\/td>\n\n $21.7<\/strong>\n <\/td>\n$19.9<\/td>\n9%<\/td>\n\u00a0<\/td>\n$25.7<\/td>\n$25.7<\/td>\n$21.1<\/td>\n<\/tr>\n
\n Gross Profit<\/strong>\n <\/td>\n\n $6.2<\/strong>\n <\/td>\n$6.2<\/td>\n1%<\/td>\n\u00a0<\/td>\n$8.9<\/td>\n$9.5<\/td>\n$6.5<\/td>\n<\/tr>\n
\n Gross Profit %<\/strong>\n <\/td>\n\n 28.7%<\/strong>\n <\/td>\n31.0%<\/td>\n-230 bps<\/td>\n\u00a0<\/td>\n34.6%<\/td>\n37.0%<\/td>\n30.9%<\/td>\n<\/tr>\n
\n Net Income (Loss) <\/strong>(1)(2)(3)(4)<\/td>\n\n $(0.8)<\/strong>\n <\/td>\n$(0.6)<\/td>\n$(0.2)<\/td>\n\u00a0<\/td>\n$2.0<\/td>\n$(1.5)<\/td>\n$0.2<\/td>\n<\/tr>\n
\n Net Income (Loss) per share <\/strong>(1)(2)(3)(4)<\/td>\n\n $(0.20)<\/strong>\n <\/td>\n$(0.17)<\/td>\n$(0.03)<\/td>\n\u00a0<\/td>\n$0.47<\/td>\n$(0.39)<\/td>\n$0.04<\/td>\n<\/tr>\n
\n Adjusted EBITDA <\/strong>(5)<\/td>\n\n $0.0<\/strong>\n <\/td>\n$0.5<\/td>\n$(0.4)<\/td>\n\u00a0<\/td>\n$2.5<\/td>\n$0.8<\/td>\n$0.8<\/td>\n<\/tr>\n
(1)\u00a0 \u00a0Voltrek earnout accrual and net adjustments was $1.7M in Q4’26.
(2)\u00a0 \u00a0Q4’26 included $1.1M of expenses for the non-cash write-off of solar assets.(3)\u00a0\u00a0 Q4’26 revenue included $1.3M associated with amending a solar energy contract that had no associated costs of goods.
(4)\u00a0\u00a0 The net effect of tariffs for Q1’27 decreased costs of goods by approximately $0.3M.
(5)\u00a0\u00a0 Adjusted EBITDA reconciliation provided below.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Q2\u201927 Business Highlights: Commentary from CEO Sally Washlow<\/strong>\n <\/p>\n

Orion\u2019s second-quarter results and full-year expectations illuminate a continually strengthening sales funnel and expanding wallet share within enterprise customers. They also highlight the power of Orion\u2019s proprietary supply chain, cited as a unique attribute by customers ranging from data-center operators to leading retail chains and logistics providers. Combined with Orion\u2019s diversified-growth initiative and ongoing cost containment, these factors indicate positive prospects for achieving its recently increased guidance for the full fiscal year of FY2027.<\/p>\n

Orion\u2019s Q2\u201927 included a number of additional milestones:<\/p>\n

\u2014 Increased Guidance for FY\u201927:<\/strong> Orion announced on September 15 that it expects to achieve total revenue of $100 million to $102 million for FY 2027, representing an increase from its previous outlook of $95 million to $97 million. As previously announced, Orion reiterated that it expected FY\u2019Q2 revenues to decrease compared to the recently announced FY\u2019Q1 revenue of $25.7M. The Company also said that it continues to expect to achieve positive adjusted EBITDA for the fiscal year as a whole.<\/p>\n

\u2014 Another Data Center Win: <\/strong>Orion announced an additional deployment of its MPHL2 LED Lighting solution for one of the world\u2019s largest data-center operators. The multimillion-dollar order followed June\u2019s announcement of Orion\u2019s first multimillion-dollar deployment for the global hyperscaler.<\/p>\n

The customizable MPHL2 LED Lighting solution, manufactured in Orion\u2019s home state of Wisconsin, is capable of delivering higher energy efficiency, resiliency and decarbonization in LED lighting to thousands of data centers in the current hyperscaler building boom. The high efficiency linear lighting fixture is designed and built to accommodate nearly every data center\u2019s floor plan while reducing the energy usage for lighting<\/p>\n

\u2014 $10M-$15M New Retailer Engagement.<\/strong> Orion announced that a longtime customer has made a follow-on commitment to the Company for a new LED lighting project estimated to represent revenue of $10 million to $15 million.<\/p>\n

This latest commitment involves retrofitting interior LED Lighting and IoT system installations. Orion maintains that this most recent expansion of work demonstrates the confidence that Orion has earned with this leading retailer over the course of numerous projects spanning several years.<\/p>\n

\u2014 Additionally, Orion\/Voltrek continued to navigate a U.S. EV Charging Infrastructure environment that continues to evolve. Orion\/Voltrek maintains numerous multi-year customer relationships as they progress through historically reliable funding cycles. The Company also foresees increased inclusion of EV Charging infrastructure in its LED Lighting engagements, typified by Orion\u2019s recent announcement of related LED Lighting and EV Charging deployments for a leading global automaker.<\/p>\n

\n Q2\u201927 Financial Results <\/strong>\n <\/p>\n

Orion\u2019s Q2\u201927 revenue was $21.7M versus $19.9M in Q2\u201926, while Q2\u201927 gross margin was 28.7% versus 31.0% in Q2\u201926. The Company reported a net loss of $0.8M in Q2\u201927 versus a net loss of $0.6M in Q2\u201926. The Company achieved Q2\u201927 adjusted EBITDA of $0.0M \u2014 marking its eighth consecutive quarter of positive adjusted EBITDA \u2014 compared to adjusted EBITDA of $0.5M in Q2\u201926.<\/p>\n

Orion also reported the following Q2\u201927 segment performance:<\/p>\n