Orion Energy Systems raises revenue outlook for fiscal 2026

Orion Energy Systems Inc. (NASDAQ: OESX) reiterated its expectations for increased revenue growth and profitability for fiscal year 2026, which ended March 31, and fiscal 2027, according to a company statement.

The Manitowoc, Wisconsin-based provider of LED lighting and electric vehicle charging solutions raised its fiscal 2026 revenue outlook to between $84 million and $86 million, up from its previous estimate of approximately $84 million. The company expects to achieve positive adjusted EBITDA for the full fiscal 2026.

For fiscal 2027, which began April 1, 2026, Orion projects positive adjusted EBITDA on revenue of between $95 million and $97 million.

The announcement coincided with the one-year anniversary of Sally Washlow becoming chief executive officer. Washlow stated that the company has recorded six consecutive quarters of positive adjusted EBITDA.

"This continuing growth, combined with the success of our disciplined cost containment and our built-from-the-ground-up proprietary supply chain, has generated six straight quarters of positive adjusted EBITDA," Washlow said.

Orion attributed its improved outlook to increasing orders from enterprise customers, cost-structure improvements, and heightened market presence. The company noted expansion of relationships with existing large customers in automotive and retail industries, as well as public-sector enterprises using its EV charging infrastructure.

The company highlighted a three-year maintenance engagement renewal worth $42 million to $45 million with a major retailer. Orion also expanded its market presence to the Southeast and California and added capabilities including energy storage and electrical contracting.

Orion plans to release detailed fourth quarter and full fiscal year 2026 results on June 4.

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