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Orion Energy Systems (OESX)
NASDAQ:OESX
Earnings Data
Report Date
Jun 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
-0.9Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive trajectory: revenue and margins improved, Orion returned to GAAP net income for the quarter, adjusted EBITDA strengthened for a fifth straight quarter, management raised FY'26 guidance and set ambitious FY'27 targets, and the company secured several large orders (including a $14–15M exterior lighting project and a $4M EV charging installation). These positives are tempered by a decline in the LED lighting top line, a year‑to‑date drop in operating cash flow, slightly reduced available liquidity versus year-end (partially mitigated by a $6.4M equity raise), and continued execution/timing risks on large projects and early-stage infrastructure initiatives. On balance, the highlights significantly outweigh the lowlights given improved profitability, margin expansion and upgraded guidance.Company Guidance
Revenue Growth in Q3
Reported fiscal Q3 revenue of $21.1M versus $19.6M in Q3'25, an increase of $1.5M or approximately +7.7% year-over-year.
Profitability Turnaround — Net Income and EPS
Q3 net income of $160k (EPS $0.04) versus a net loss of $1.5M (loss per share $0.46) in Q3'25, reflecting a return to GAAP profitability for the quarter.
Sustained Positive Adjusted EBITDA
Adjusted EBITDA improved to positive $761k in Q3'26 versus $32k in Q3'25; this marks Orion's fifth consecutive quarter of positive adjusted EBITDA and a trailing 12‑month adjusted EBITDA of $1.6M on sales of $81.5M.
Improved Overall Gross Margin
Overall gross profit margin increased to 30.9% in Q3'26 from 29.4% in Q3'25, a +1.5 percentage point improvement driven by pricing, cost reductions and favorable revenue mix.
Segment Strength — EV Charging Growth
EV charging solutions revenue rose to $4.7M in Q3'26 from $2.4M in Q3'25, an increase of $2.3M or ~+96% YoY, with EV gross margin improving to 36.7% from 30.0% (+6.7 percentage points).
Maintenance Segment Expansion
Maintenance revenue increased 13% to $4.4M in Q3'26 from $3.9M in Q3'25, reflecting new contracts and expanding customer relationships (maintenance gross margin 25.5% vs 26.4% prior year).
Operating Expense Reduction
Total operating expenses declined to $6.1M in Q3'26 from $7.0M in Q3'25, a reduction of $0.9M or roughly -12.9%, reflecting ongoing overhead and personnel cost control.
Raised Guidance and Multi-Year Outlook
Management raised fiscal 2026 guidance to $84M–$86M in revenue at positive adjusted EBITDA (now expecting positive adjusted EBITDA for full FY'26) and set FY'27 targets of $95M–$97M with positive adjusted EBITDA.
Material New Orders and Backlog Expansion
Notable wins include a $14M–$15M exterior lighting project (starting late Q3/Q4 with majority revenue in H1 FY'27 and completion by end of July) and a $4M Orion Voltrek EV charging installation for Boston Public Schools (105 stations).
Balance Sheet Actions and Liquidity Support
Raised net proceeds of approximately $6.4M through issuance of 500,000 common shares and achieved a $1.3M net paydown of revolving credit borrowings; available liquidity reported at $11.8M.
OESX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OESX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $13.89 | $13.22 | -4.82% |
Nov 05, 2025 | $9.02 | $8.35 | -7.43% |
Aug 06, 2025 | $5.70 | $6.90 | +21.03% |
Jun 26, 2025 | $5.92 | $6.80 | +14.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Orion Energy Systems (OESX) report earnings?
Orion Energy Systems (OESX) is schdueled to report earning on Jun 04, 2026, Before Open (Confirmed).
What is Orion Energy Systems (OESX) earnings time?
Orion Energy Systems (OESX) earnings time is at Jun 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OESX EPS forecast?
OESX EPS forecast for the fiscal quarter 2026 (Q4) is 0.17.