Orion Energy Systems Inc. Reports Strong Q1 FY2026 Performance

Orion Energy Systems Inc., a Nasdaq-listed company specializing in energy management systems, has delivered a robust financial performance for the first quarter of fiscal year 2026. The company, known for its innovative solutions in high-intensity fluorescent lighting systems, intelligent lighting controls, and light pipes, reported a revenue of $19.6 million. This figure is slightly down from $19.9 million in the same quarter of the previous year.

Despite the slight dip in revenue, Orion achieved a significant milestone with a gross margin of 30.1%, marking the highest quarterly margin in six years. This improvement is attributed to strategic pricing and cost management across all segments. The company’s financial health is further evidenced by a positive adjusted EBITDA of $0.2 million for the third consecutive quarter, showcasing its ability to generate earnings before interest, taxes, depreciation, and amortization.

In terms of profitability, Orion has made notable strides by reducing its net loss to $1.2 million, a substantial improvement from the $3.8 million loss reported in Q1 of the previous year. This progress is supported by lower operating expenses, underscoring the company’s commitment to operational efficiency.

Orion’s strategic initiatives have also led to the acquisition of new contracts worth up to $7.0 million from automotive customers, reinforcing its market position and growth prospects. The company remains optimistic about its future, maintaining its fiscal year 2026 outlook with an anticipated revenue growth of 5%.

Expansion into Electric Vehicle Infrastructure

In a significant development, Orion Energy Systems has announced the installation of 90 electric vehicle (EV) charging stations for Boston Public Schools, valued at $6.5 million. This project is part of a larger initiative by Boston Public Schools to electrify 100% of its 750 school buses, marking the largest school-bus electrification effort in the Northeastern United States.

Orion’s Voltrek division is spearheading the deployment of 51 DC fast charging stations at the Freeport Bus Yard and Paris Street facility. The innovative above-ground mounting system used in this installation highlights Orion’s commitment to cutting-edge technology and sustainable solutions.

This project not only underscores Orion’s expertise in EV infrastructure but also aligns with broader environmental goals, contributing to the reduction of carbon emissions and promoting sustainable transportation solutions.

Conclusion

Orion Energy Systems Inc. continues to demonstrate resilience and strategic growth in a competitive market. With strong financial performance, innovative projects, and a clear focus on sustainability, the company is well-positioned to achieve its long-term objectives. As Orion expands its footprint in the energy management and EV infrastructure sectors, stakeholders can look forward to continued progress and success.