Orion Energy Systems Posts $86M Revenue, $2M Adjusted EBITDA for FY26; Targets Higher Growth in FY27 — Orion Energy Systems, Inc.

Event summary

Orion Energy Systems reported preliminary FY26 revenue of $86M and adjusted EBITDA of $2M.
The company reiterated FY27 revenue guidance of $95M–$97M and positive adjusted EBITDA.
Backlog stood at $30M as of March 31, 2026, with growth driven by enterprise customers in automotive, retail, and public sectors.
CEO Sally Washlow highlighted six consecutive quarters of positive adjusted EBITDA, citing cost containment and proprietary supply chain.
Orion will host an investor call on June 4, 2026, to discuss full FY26 results.

The big picture

Orion Energy Systems is positioning itself as a leader in energy-efficient LED lighting and EV charging solutions, leveraging a robust backlog and enterprise customer growth. The company’s focus on cost containment and proprietary supply chain highlights its strategic shift toward sustainable profitability. As the clean tech sector continues to expand, Orion’s ability to execute on its growth plans will be critical in maintaining its competitive edge.

What we're watching

Execution Risk: Whether Orion can sustain its growth trajectory amid increasing competition in the energy-efficient solutions market.
Market Expansion: The pace at which Orion can expand deployments within existing large customers and secure new enterprise contracts.
Cost Management: How effective Orion’s cost-structure improvements will be in maintaining profitability as revenue scales.