Orion Energy Q3 revenue rises, reiterates FY 2026 outlook

Orion Energy Systems

05/02/2026 12:10

Overview

LED lighting provider's fiscal Q3 revenue rose yr/yr to $21.1 mln

Company achieved positive operating income and adjusted EBITDA for fiscal Q3

Company reiterated FY 2026 revenue outlook increase to $84 mln-$86 mln

Outlook

Orion raises FY 2026 revenue outlook to $84 mln-$86 mln

Company expects FY 2027 revenue of $95 mln-$97 mln

Orion anticipates continued growth and profitability improvements in Q4 and FY 2027

Result Drivers

EV CHARGING GROWTH - EV charging revenue increased 96% due to the timing of larger projects

MAINTENANCE SERVICES - Maintenance revenue rose 13% due to new contracts and expanded customer relationships

GROSS MARGIN IMPROVEMENT - Gross profit percentage increased to 30.9% due to pricing and cost improvements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.04
Q3 Net Income
$200,000
Q3 Adjusted EBITDA
Miss
$800,000
$1.10 mln (1 Analyst)
Q3 Gross Profit
$6.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Orion Energy Systems Inc is $18.50, about 33.2% above its February 4 closing price of $13.89

Press Release: ID:nGNX8jmBnR

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)