earnings
confidence high
sentiment positive
materiality 0.75
Orion FY2026 rev $86.3M +8% YoY; Q4 adj EBITDA $0.8M; guides FY2027 $95-97M rev
ORION ENERGY SYSTEMS, INC.
- FY2026 revenue $86.3M (+8% YoY); net loss narrowed to $3.2M from $11.8M; adj EBITDA $2.2M vs -$2.9M.
- Q4'26 revenue $25.7M (+23% YoY); gross margin 37.0% vs 27.5%; adj EBITDA $0.8M, sixth consecutive positive quarter.
- LED lighting revenue $20.3M (+86% YoY) in Q4; EV charging $2.3M (-61%); maintenance $3.2M (-23%).
- FY2027 guidance: revenue $95-97M (up ~12% YoY) and positive adjusted EBITDA; backlog $30M at start, up $13M YoY.
- Company completed Voltrek earnout, extended credit facility to June 2030, and raised $6.4M in public offering.