Orion Energy Systems announced a major US retailer's additional commitment for an estimated $10 million to $15 million in revenue from new LED lighting and IoT system installations. Consequently, the company increased its fiscal year 2027 total revenue outlook to $100 million–$102 million, up from the previous guidance of $95 million–$97 million. The retailer's commitment is expected to be fulfilled via individual purchase orders, with a significant majority of the revenue recognized in the second half of fiscal year 2027, which ends March 31, 2027. Orion continues to expect positive Adjusted EBITDA for the full fiscal year. Orion Energy Systems operates in the energy efficiency and clean technology sector, providing LED lighting, EV charging solutions, and maintenance services.

Orion Energy Systems reported fiscal 2027 first quarter results ending June 30, 2026. Revenue increased 32% to $25.7 million from $19.6 million in the prior year period. The company achieved net income of $2.0 million, or $0.47 diluted earnings per share, compared to a net loss of $1.2 million previously. Gross margin expanded by 450 basis points to 34.6%, and adjusted EBITDA rose to $2.5 million from $0.2 million. The company extended its revolving credit facility maturity to June 30, 2030, and reiterated full-year fiscal 2027 revenue guidance of $95 million to $97 million. Orion Energy Systems operates in the energy efficiency and clean technology sector, providing LED lighting, EV charging solutions, and maintenance services.