Orion Energy Systems earnings date
Orion Energy Systems (5A40) Q2 2027 Earnings Report
DE:5A40 Q2 2027 EPS Results
- Actual EPS
- -EUR 0.18
- Consensus EPS
- EUR 0.07
- Beat/Miss
- Missed by -EUR 0.25
- One Year Ago EPS
- -EUR 0.15
DE:5A40 Q2 2027 Revenue Results
- Actual Revenue
- EUR 19.55M
- Expected Revenue
- EUR 21.02M
- Beat/Miss
- Missed by -EUR 1.47M
- YoY Revenue Growth
- +8.90%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
Orion Energy Systems's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
The call was predominantly positive. Orion reported 9% year-over-year revenue growth, raised fiscal 2027 guidance, maintained positive adjusted EBITDA for an eighth consecutive quarter, and highlighted sizeable hyperscaler, retail and cross-selling opportunities. Offsetting items included lower EV charging and Maintenance revenue, EV margin compression, a decline in overall gross margin, higher operating expenses and a wider net loss. Management nevertheless expects margins to return to the 30-plus percent neighborhood in Q3 and Q4 and expects relatively even second-half revenue with potential Q4 upside.
For FY '27, Orion expects positive adjusted EBITDA on revenue of between $100 million and $102 million, increased from prior guidance of $95 million to $97 million, and expects a continued increase in profitable growth; Q3 and Q4 revenue are expected to be relatively even, in the $26 million neighborhood per quarter at the low end of the range, with the high end of the range a little bit higher than that, while any upside would occur in Q4. Orion expects its margin rate to normalize back to the 30-plus percent neighborhood in Q3 and Q4, expects to hit the upper end of the $10 million to $15 million retailer project, and said another project of similar size could provide additional upside in Q4.
- Second-Quarter Revenue GrowthFiscal Q2 2027 revenue increased 9% year over year to $21.7 million from $19.9 million. Orion said all business segments recorded expected levels of financial performance and remained on a trajectory to meet full-year guidance.
- Raised Fiscal 2027 GuidanceThe company increased its fiscal 2027 revenue guidance to between $100 million and $102 million, compared with prior guidance of $95 million to $97 million, and expects positive adjusted EBITDA.
- Continued Turnaround and Positive Adjusted EBITDAManagement described fiscal 2027 as a continuation of the turnaround that began in fiscal 2026. Fiscal 2026 returned the company to revenue and profitability growth, with $86 million in revenue and $2 million in positive adjusted EBITDA. Orion also reported its eighth consecutive quarter of positive adjusted EBITDA.
- LED Lighting Revenue and Gross-Margin ImprovementLED Lighting revenue increased to $14.9 million in Q2 2027 from $10.7 million in Q2 2026, reflecting increased project activity and distribution-channel sales, partially offset by lower ESCO-channel sales. LED Lighting gross margin improved to 29.1% from 27.5%.
- Maintenance Gross-Margin ImprovementMaintenance revenue was $4 million in Q2 2027, and segment gross margin improved to 25.3% from 23.7% in Q2 2026. Management said pricing on the renewed three-year contract was similar to previous contracts, with some inflationary increases.
- Hyperscaler Data-Center DeploymentsQ2 included an additional multimillion-dollar deployment of Orion's data-center lighting solution for one of the world's largest hyperscalers, following a first multimillion-dollar deployment announced in June. Orion said it has won two buildings, with each representing seven figures of lighting fixtures alone, and is discussing another building.
- Large Retailer LED and IoT EngagementA long-time nationwide retail customer made a follow-on commitment for a new LED lighting project estimated at $10 million to $15 million. Management expects to achieve the higher end of the range, with execution planned in Q3 and Q4. The work covers interior LED-lighting retrofits and IoT-system installations at locations not previously retrofitted, and the company said the opportunity could expand to additional stores.
- Expected Second-Half Revenue AccelerationManagement expects Q3 and Q4 revenue to be relatively even, at approximately $26 million per quarter at the low end of the guidance range, with the midpoint implying about $27 million per quarter. The retail interior project is expected to have a significant influence on Q3 and Q4 revenue, and a similarly sized additional project could provide Q4 upside if timing is achieved.
- Backlog GrowthBacklog was approximately $21.6 million to $21.7 million at September 30. Management said firm purchase orders for the retail interior project were received after September 30 and were not reflected in that figure, while October backlog was substantially higher than the September figure.
- Cross-Selling Across Lighting and EV ChargingA global automotive customer awarded Orion work covering both LED lighting and EV charging. Management said collaboration between the two segments is increasing, with opportunities arising in both directions and additional sites under discussion.
- Industrial LED Replacement-Cycle OpportunityManagement cited industry research stating that 10% to 20% of America's installed LED base may already be due for replacement, while the commercial, industrial and outdoor applications served by Orion may have a 20% to 30% replacement cycle.
- Supply Chain and Project-Management StrengthManagement said Orion's supply chain and project-management capabilities are consistently cited by customers as competitive advantages, and that customers are returning to expand work at existing facilities or add locations.
- Distribution-Channel and Product-Only StrengthOrion said its refocused distribution and ESCO channels are showing increased activity, while the product-only side of the business is also showing strength. Management said the expanded LED project pipeline and distribution-channel efforts are contributing to improving fiscal 2027 performance.
- New Roadway Product OpportunityOrion was brought a roadway-product opportunity by a distribution partner after challenges emerged with competitors producing the product. Management said it sees a long life for the product and is working to obtain state-bid approvals and establish it in the channel.
- Manufactured Energy-Efficient Lighting SolutionOrion said its customizable lighting solution, manufactured in Wisconsin, is designed to deliver higher energy efficiency, resiliency and decarbonization in LED lighting.
DE:5A40 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2027 (Q3) | 0.20- | 0.04 | ― | ― |
| Nov 05, 2026 | 2027 (Q2) | 0.07-0.18 | -0.15 | -17.65% (-0.03) | |
| Aug 05, 2026 | 2027 (Q1) | 0.060.42 | -0.36 | 217.50% (+0.78) | |
| Jun 04, 2026 | 2026 (Q4) | 0.15-0.35 | -0.81 | 56.67% (+0.46) | |
| Feb 05, 2026 | 2026 (Q3) | -0.200.04 | -0.45 | 108.00% (+0.49) | |
| Nov 05, 2025 | 2026 (Q2) | -0.55-0.15 | -0.99 | 84.55% (+0.84) | |
| Aug 06, 2025 | 2026 (Q1) | -0.51-0.36 | -1.08 | 66.67% (+0.72) | |
| Jun 26, 2025 | 2025 (Q4) | -0.48-0.81 | 0.45 | -280.00% (-1.26) | |
| Feb 11, 2025 | 2025 (Q3) | -0.45-0.45 | -0.63 | 28.57% (+0.18) | |
| Nov 06, 2024 | 2025 (Q2) | -0.72-0.99 | -1.26 | 21.43% (+0.27) |
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.
