Orion Energy lifts 2027 outlook on $10M–$15M deal
Orion Energy Systems raises its fiscal 2027 revenue outlook after winning a $10–15 million follow-on LED lighting project with a major U.S. retailer.
Rhea-AI Filing Summary
Orion Energy Systems, Inc. (OESX) updated its fiscal 2027 outlook, now expecting total revenue of $100 million to $102 million, an increase from its prior guidance of $95 million to $97 million. The revision follows a follow-on LED lighting project with a longtime major U.S. retail customer, estimated to generate $10 million to $15 million of revenue across additional store locations.
The new work involves interior LED lighting retrofits and IoT system installations at sites not previously upgraded and is expected to be executed via individual purchase orders. Orion expects to recognize a significant majority of this project’s revenue in the second half of fiscal 2027, which ends March 31, 2027, and continues to expect positive Adjusted EBITDA for the full year.
The company reiterated that fiscal second-quarter revenue is expected to decline compared to first-quarter levels, despite the higher full-year outlook tied to the expanded retailer relationship.
Positive
- FY 2027 revenue outlook raised to $100M–$102M from $95M–$97M, indicating higher expected business volume.
- New project estimated at $10M–$15M with a longstanding major U.S. retail customer expands Orion’s LED lighting and IoT retrofit work.
- Company continues to expect positive Adjusted EBITDA for the full fiscal year 2027, suggesting improved profitability versus breakeven or losses.
Negative
- Orion expects fiscal Q2 2027 revenue to decrease compared to Q1, signaling near-term softness despite stronger full-year guidance.
Insights
Analyzing...
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
forward-looking statements regulatory
Private Securities Litigation Reform Act of 1995 regulatory
IoT system installations technical
Global Fortune 50 financial
Earnings Snapshot
Orion expects FY 2027 revenue of $100 million–$102 million, up from $95 million–$97 million, anticipates a majority of new project revenue in the second half of the year, and continues to project positive Adjusted EBITDA for the full fiscal year.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did Orion Energy Systems (OESX) change its FY 2027 revenue outlook?
What is the size of the new project Orion (OESX) announced with a major U.S. retailer?
When will Orion (OESX) recognize revenue from the new retailer project?
What does Orion (OESX) expect for FY 2027 profitability?
What near-term revenue trend did Orion (OESX) highlight for FY Q2 2027?
What is the fiscal year-end for Orion Energy Systems (OESX)?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
Date of Report (Date of earliest event reported): |
|
|
|
|
|
(Exact name of registrant as specified in its charter)
|
||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
(
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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:
Title of Each Class |
|
Trading Symbol (s) |
|
Name of Each Exchange on Which Registered |
|
|
(NASDAQ Capital Market) |
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 September 15, 2026, Orion Energy Systems, Inc. (the “Company”) issued a press release updating its revenue outlook for fiscal 2027. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
.
Item 9.01(d) . Financial Statements and Exhibits.
Exhibit 99.1 |
Exhibit 99.1 Press Release of Orion Energy Systems, Inc. dated September 15, 2026 |
|
|
Exhibit 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
2
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.
|
ORION ENERGY SYSTEMS, INC. |
Date: September 15, 2026 |
By: /s/ J. Per Brodin |
|
J. Per Brodin |
|
Chief Financial Officer |
3
Orion Announces Major US Retailer’s Additional Commitment for Estimated $10M-15M;
Increases FY27 Revenue Outlook to $100M - $102M
Manitowoc, WI – September 15, 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 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. The new project is at additional locations operated by this retailer.
This latest commitment involves retrofitting interior LED Lighting and IoT system installations at selected locations not previously retrofitted by Orion. 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.
The customer’s latest commitment is expected to be fulfilled on the basis of individual purchase orders, the timing of which is not certain at this time. However, Orion expects to recognize a significant majority of the revenue from this project in the second half of the current Fiscal Year 2027, which ends March 31, 2027.
As a result of today’s announcement, Orion also announced 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 expects FY’Q2 revenues to decrease compared to the recently announced FY’Q1 revenue of $25.7M. The Company continues to expect to achieve positive Adjusted EBITDA for the fiscal year as a whole.
“Orion has once again earned a significant increase in its scope of work on behalf of one of the biggest names in retailing,” said Orion Chief Executive Officer Sally Washlow. “Orion continues to add substantially to its workflow with this Global Fortune 50 company, as we expand our management of LED Lighting, IoT, Maintenance and Electrical Contracting. We are pleased to continue to earn increasing trust, confidence and business from this industry leader.”
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.
For more information about Orion, please visit our website at www.orionlighting.com.
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. 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 |
|
Per Brodin, CFO |
Robert Ferri |
Orion Energy Systems, Inc. |
Robert Ferri Partners |
pbrodin@oesx.com |
(415) 575-1589 or ir@oesx.com |