Orion Energy sees $86M FY26 revenue, $2M EBITDA
Orion Energy Systems reported preliminary unaudited Fiscal Year 2026 results, expecting about $86 million in revenue and at least $2 million in adjusted EBITDA, reflecting a return to profitability on a non-GAAP basis.
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Rhea-AI Filing Summary
Orion Energy Systems reported preliminary unaudited Fiscal Year 2026 results, expecting about $86 million in revenue and at least $2 million in adjusted EBITDA, reflecting a return to profitability on a non-GAAP basis.
The company reiterated guidance for Fiscal Year 2027 of $95–$97 million in revenue with positive adjusted EBITDA. Management highlighted a $30 million backlog as of March 31, 2026, growing enterprise orders, cost-structure improvements and six consecutive quarters of positive adjusted EBITDA as key drivers of what it describes as a profitable growth path.
Positive
- Preliminary return to profitability and double-digit growth outlook: Orion expects FY26 revenue of $86M with at least $2M adjusted EBITDA and guides FY27 revenue to $95–$97M with positive adjusted EBITDA, supported by a $30M backlog and six straight quarters of positive adjusted EBITDA.
Negative
- None.
Insights
Preliminary FY26 profit and stronger FY27 revenue guidance signal improving fundamentals.
Orion Energy Systems expects Fiscal Year 2026 revenue of $86 million and adjusted EBITDA of at least $2 million, indicating non-GAAP profitability. Management also cites six consecutive quarters of positive adjusted EBITDA, suggesting more consistent operating performance.
For Fiscal Year 2027, which began on April 1, 2026, the company guides to revenue of $95–$97 million with positive adjusted EBITDA. A reported $30 million backlog as of March 31, 2026 and increasing enterprise orders underpin this outlook, alongside cost-structure improvements and new project wins in areas like battery energy storage and electrical contracting.
8-K Event Classification
Key Figures
Key Terms
adjusted EBITDA financial
backlog financial
Non-GAAP Measures financial
forward-looking statements regulatory
Private Securities Litigation Reform Act of 1995 regulatory
Earnings Snapshot
For Fiscal Year 2027, Orion expects $95–$97 million in revenue with positive adjusted EBITDA.
FAQ
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What preliminary Fiscal Year 2026 results did Orion Energy Systems (OESX) announce?
What guidance did Orion Energy Systems (OESX) provide for Fiscal Year 2027?
How large is Orion Energy Systems’ backlog as of March 31, 2026?
What profitability trend did Orion Energy Systems highlight in its update?
When will Orion Energy Systems release full FY26 results and host its earnings call?
How does Orion Energy Systems define adjusted EBITDA in this update?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 . Results of Operations and Financial Condition.
On May 19, 2026, Orion Energy Systems, Inc. (the “Company”) issued a press release announcing its expected quarterly revenue results for its fiscal 2026 year ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
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Item 9.01(d) . Financial Statements and Exhibits.
Exhibit 99.1 |
Exhibit 99.1 Press Release of Orion Energy Systems, Inc. dated May 19, 2026 |
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Exhibit 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ORION ENERGY SYSTEMS, INC. |
Date: May 19, 2026 |
By: /s/ J. Per Brodin |
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J. Per Brodin |
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Chief Financial Officer |
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Orion Announces Preliminary FY26 Revenue of $86M and Approximately $2M Adjusted EBITDA;
Reiterates Expectations for Increased Growth and Profitability in FY 2027
Company to Host Q4 and Full Fiscal Year 2026 Investor Call Thursday, June 4, at 10 a.m. ET
Manitowoc, WI – May 19, 2026 – Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced preliminary unaudited expectations for Fiscal Year 2026 of $86 million in revenue and adjusted EBITDA of at least $2 million.
The Company also reiterated expectations for Fiscal Year 2027, which began April 1, of between $95 million and $97 million in revenue and positive adjusted EBITDA.
Orion said that its performance expectations continue to improve because of continuing growth in its backlog, which totaled $30 million on March 31, 2026; and ongoing increases in orders by enterprise customers; successful cost-structure improvements; and Orion’s gains in its marketplace.
“We are demonstrably on a profitable growth path,” said CEO Sally Washlow, who arrived at Orion about 13 months ago. “Our six consecutive quarters of positive adjusted EBITDA are testimony to disciplined cost containment, our robust proprietary supply chain and organic growth from existing and new enterprise customers.”
Ms. Washlow particularly cited expansion of deployments within existing large customers in the automotive, retail and public sectors, whether in deployments of LED lighting, maintenance, electrical Infrastructure or EV charging infrastructure. Orion’s recently awarded project in Battery Energy Storage Systems and Electrical Contracting are also contributing to the Company’s growth, Ms. Washlow said.
Orion is providing adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking adjusted EBITDA non-GAAP guidance to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, the amounts of which, based on historical experience, could be significant. For additional information regarding Orion’s non-GAAP measure, see the related explanation presented under “Non-GAAP Measures.”
Orion also announced that it will host a conference call and webcast to review its fiscal 2026 full fiscal year and fourth quarter results on Thursday, June 4, 2026, at 10:00 a.m. ET. Orion will release its results prior to the market’s opening that morning.
Webcast and Call Details
Date / Time: Thursday, June 4, at 10:00 a.m. ET
Live Call Registration: https://register-conf.media-server.com/register/BI83b6ae45a1654d28babfa53b6617f6cc
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: https://edge.media-server.com/mmc/p/zmyzetzn
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability and governance priorities, goals and progress here, or visit our website at www.orionlighting.com.
Non-GAAP Measures
Orion uses adjusted EBITDA, a non-GAAP measure, to supplement the financial measures prepared in accordance with United States (U.S.) generally accepted accounting principles (“GAAP”). Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, adjusted for stock-based compensation, acquisition related costs, deferred financing costs, restructuring and severance costs, asset impairment and, earnout expenses) is not prepared in accordance with U.S. GAAP. Orion has provided guidance for this non-GAAP measure to help investors better understand its core operating performance, enhance comparisons of core operating performance from period to period, and allow better comparisons of operating performance to its competitors. Among other things, management uses this non-GAAP measure to evaluate the performance of the business and believes this measurement enables it to make better period-to-period evaluations of the financial performance of core business operations. The non-GAAP measurement is intended only as a supplement to the financial measures prepared in accordance with GAAP, and investors should consider this non-GAAP measurement in addition to, and not in substitution for or as superior to, the measurement of financial performance prepared in accordance with generally accepted accounting principles.
Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including the Company’s expectations for future revenue and adjusted EBITDA. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.
Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR
Investor Relations Contacts |
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Per Brodin, CFO |
Robert Ferri |
Orion Energy Systems, Inc. |
Robert Ferri Partners |
pbrodin@oesx.com |
(415) 575-1589 or ir@oesx.com |