Earnings Releases·Nov 5, 2026, 7:01 AM ET

Orion Energy Systems — Q2 FY2027 Earnings Summary

Q2 FY2027 revenue rose 9% year-over-year to $21.7 million, while gross margin contracted 230 basis points to 28.7% and net loss widened to $0.8 million ($0.20/share) from $0.6 million ($0.17/share) in the prior year period.
Full fiscal year FY2027 revenue guidance was raised to $100–$102 million from $95–$97 million, with management reaffirming expectations for positive adjusted EBITDA for the full year despite Q2 adjusted EBITDA declining to $0.0 million.
Strategic momentum includes a 40% year-over-year surge in LED Lighting revenue to $14.9 million, secured multimillion-dollar data center and automaker deployments, and a new $10–$15 million retrofit commitment from a major retailer.
Financial liquidity improved to $16.2 million at September 30, 2026, and the company extended its revolving credit facility maturity to June 30, 2030, while noting ongoing margin pressures from pricing competition and a new ERP implementation.