Business UpdateApr 15, 2026, 07:02 AM
Orion Energy Reiterates Strong FY26/FY27 Revenue & Profit Outlook
AI Summary
Orion Energy Systems reiterated its preliminary expectations for increased revenue growth and profitability for Fiscal Year 2026 and 2027. The company anticipates FY2026 revenue between $84 million and $86 million with positive adjusted EBITDA, and projects FY2027 revenue between $95 million and $97 million, also with positive adjusted EBITDA. This optimistic outlook is attributed to increasing enterprise customer orders, successful cost-structure improvements, and heightened market prominence, including a significant $42 million to $45 million three-year contract renewal.
Key Highlights
- Reiterated FY2026 revenue outlook of $84 million to $86 million.
- Expected positive adjusted EBITDA for both FY2026 and FY2027.
- Projected FY2027 revenue between $95 million and $97 million.
- Secured a $42 million to $45 million three-year contract renewal.
- Achieved six consecutive quarters of positive adjusted EBITDA.