Orion Energy Systems — Q2 FY2027 Earnings Summary

Orion Energy Systems reported a 9% year-over-year revenue increase to $21.7 million for the second quarter of fiscal 2027, driven primarily by a 40% surge in LED lighting sales. The company achieved positive adjusted EBITDA for the eighth consecutive quarter, though it reported a net loss of $0.8 million due to a shift in product mix and increased operating expenses. Orion reiterated its full-year fiscal 2027 revenue guidance of $100 million to $102 million and highlighted significant project wins in the data center and retail sectors. Financial results show total revenue of $47.4 million for the first six months of the fiscal year, with gross margins contracting to 28.7% from 31.0% in the prior year period.