Orion Energy Systems reported strong Q3 fiscal 2026 results with revenue of $21.1 million, marking a year-over-year increase, alongside a fifth consecutive quarter of positive adjusted EBITDA. The company has raised its FY '26 revenue guidance due to growing order demand and successful cost initiatives.
- Q3 revenue up 7.6% year-over-year, driven by robust performance in the distribution channel and a growing project pipeline.
- Adjusted EBITDA remains positive for the fifth straight quarter, reinforcing operational efficiency and financial health.
- FY '26 revenue guidance increased to $84-$86 million, with expectations of continued profitable growth into FY '27 projected at $95-$97 million.
- Significant contracts won, including a $4 million EV charging station project for the Boston Public School System, illustrating successful expansion in integrated electrical infrastructure offerings.
- Favorable market dynamics expected ahead, specifically with ongoing demand in building renovations and EV charging solutions, positioning Orion for sustained growth.
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