Orion Energy Systems Reaffirms $84M-$86M FY2026 Guidance, Projects $95M-$97M in FY2027
Orion Energy Systems reaffirmed its FY 2026 revenue guidance to $84M-$86M with expected positive adjusted EBITDA and projected $95M-$97M in revenue with positive adjusted EBITDA for FY 2027. It cited six straight quarters of positive adjusted EBITDA, enterprise customer order growth and a $42M-$45M maintenance renewal with a major retailer.
1. Reiterated FY2026 and FY2027 Guidance
Orion reaffirmed its FY 2026 revenue outlook to $84M-$86M, up from approximately $84M, and expects positive adjusted EBITDA for the full year. The company also projected $95M-$97M in revenue with positive adjusted EBITDA for FY 2027 and will discuss detailed results on June 4.
2. Drivers of Profitability
Management attributed improved profitability to six consecutive quarters of positive adjusted EBITDA driven by enterprise customer order growth, recent cost-structure optimizations and its proprietary supply chain. These initiatives have strengthened Orion’s core operating margins and cash-flow profile.
3. Key Enterprise Deals and Renewals
Sales funnel improvements included acquisition of new large enterprise clients, expansion with global automotive and retail leaders and a $42M-$45M maintenance renewal with one of the nation’s largest retailers. Increased public-sector demand for EV charging infrastructure also boosted order volume.
4. Growth Outlook and Market Expansion
Orion cited favorable U.S. manufacturing re-shoring trends, growth in EV charging infrastructure and data-center builds, along with entry into the Southeast and California markets. New capabilities such as Energy Storage and Electrical Contracting are positioned to drive future revenue streams.