Orion Energy ( (OESX) ) has released its Q2 earnings. Here is a breakdown of the information Orion Energy presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Orion Energy Systems, Inc., a provider of energy-efficient LED lighting, EV charging stations, and maintenance services, operates in the clean tech sector, focusing on sustainable solutions to enhance business performance. In its fiscal 2026 second quarter, Orion reported a slight increase in total revenue to $19.9 million, with significant improvements in gross profit margin and a reduced net loss compared to the previous year. The company achieved a gross profit margin of 31.0%, up from 23.1% in the same quarter last year, and recorded a net loss of $0.6 million, a substantial improvement from the $3.6 million loss in Q2 2025. Orion’s maintenance services segment showed notable growth, contributing to the overall positive financial performance. The company also highlighted strategic wins in LED lighting and EV charging projects, including significant contracts in the public sector and automotive industry, as well as expansion into the Southeastern United States. Looking ahead, Orion reiterated its fiscal 2026 outlook, expecting approximately 5% revenue growth to $84 million and aiming to achieve positive adjusted EBITDA for the full fiscal year.