Overview

* Orion fiscal Q2 2026 revenue rises to $19.9 mln, up from $19.4 mln in Q2 2025

* Gross profit margin improves to 31% from 23.1% in Q2 2025

* Adjusted EBITDA of $0.5 mln misses analyst expectations

Outlook

* Orion expects FY 2026 revenue growth of 5% to $84 mln

* Company anticipates positive adjusted EBITDA for FY 2026

* Orion sees flat to slightly lower EV charging revenue in FY 2026

Result Drivers

* MAINTENANCE GROWTH - Significant growth in maintenance services revenue due to new customer contracts and expanded relationships

* GROSS MARGIN IMPROVEMENT - Gross profit margin increased due to product and project mix and cost improvements across all segments

* NEW CONTRACTS - New contracts in LED lighting and EV charging sectors expected to drive future revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS -$0.17

Q2 Net -$600,00

Income 0

Q2 Miss $500,000 $800,000

Adjusted (1

EBITDA Analyst)

Q2 Gross $6.20

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

* Wall Street's median 12-month price target for Orion Energy Systems Inc ( OESX ) is $15.00, about 39.9% above its November 4 closing price of $9.02

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)