Orion reports fiscal 2026 results, projects revenue growth for fiscal 2027

Orion Energy Systems (NASDAQ:OESX) reported financial results for its fiscal year 2026 today, detailing a period of ongoing investment and operational transition.

The company recorded total annual revenue of $86.3 million for fiscal 2026, alongside an adjusted EBITDA of $2.2 million.

On a GAAP basis, the company reported a net loss of $3.2 million for the full year.

Performance in the final quarter of the fiscal year provided a baseline for the company’s forward-looking targets.

For the fourth quarter of 2026, Orion generated $25.7 million in revenue, achieving a gross margin of 37.0%.

Looking ahead, management reiterated its previously issued guidance for fiscal 2027, projecting annual revenue in the range of $95 million to $97 million.

The company expects this top-line growth to be accompanied by positive adjusted EBITDA for the full year, a sign of its improving operational scale.

Meanwhile, Orion began its 2027 fiscal year with a $30 million backlog, a figure that management suggests provides a solid foundation for meeting these growth targets.