Orion Energy Systems (NASDAQ:OESX) Announces Earnings Results, Misses Expectations By $0.53 EPS

Posted by Francis Steltz on Jun 6th, 2026

Orion Energy Systems (NASDAQ:OESX – Get Free Report) released its quarterly earnings data on Thursday. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.53), FiscalAI reports. Orion Energy Systems had a negative net margin of 3.66% and a negative return on equity of 13.18%. The firm had revenue of $25.72 million for the quarter, compared to analyst estimates of $24.08 million.

Here are the key takeaways from Orion Energy Systems’ conference call:

Orion said fiscal 2026 was a turnaround year, with $86.3 million in revenue, positive adjusted EBITDA of $2.2 million for the full year, and its sixth consecutive quarter of positive adjusted EBITDA.
The company guided fiscal 2027 revenue to $95 million-$97 million and said it expects to remain positive adjusted EBITDA for the full year, with management calling out potential upside from additional opportunities.
Gross margin improved meaningfully in fiscal 2026 to 32.6% from 25.4% a year earlier, helped by better mix and cost discipline; management said a ~30% margin is a reasonable starting point for fiscal 2027.
LED lighting revenue grew to $55.9 million for the year, and management said the stronger fourth-quarter performance should continue, supported by a larger project pipeline and increased distribution-channel activity.
Orion highlighted growth catalysts including electrical contracting, battery energy storage, and a new data center lighting product, though management said data-center revenue is expected to ramp later in fiscal 2027 and beyond.

Orion Energy Systems Stock Up 3.9%

OESX stock opened at $9.52 on Friday. Orion Energy Systems has a twelve month low of $5.50 and a twelve month high of $18.64. The company has a market cap of $38.56 million, a PE ratio of -10.35 and a beta of 0.79. The business’s 50-day simple moving average is $9.42 and its 200 day simple moving average is $12.65. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OESX shares. Zacks Research lowered Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Weiss Ratings lowered Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.50.

Check Out Our Latest Stock Report on OESX

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors have recently added to or reduced their stakes in OESX. Marshall Wace LLP bought a new stake in shares of Orion Energy Systems in the 4th quarter valued at approximately $706,000. NewEdge Advisors LLC bought a new stake in shares of Orion Energy Systems in the 4th quarter valued at approximately $232,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Orion Energy Systems in the 4th quarter valued at approximately $202,000. 52.59% of the stock is owned by institutional investors and hedge funds.

About Orion Energy Systems

(Get Free Report)

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.