The $86M preliminary revenue figure may be above or below street expectations — consensus was not clearly established for the full year. FY27 guidance of $95-97M suggests continued growth, and the $30M backlog supports visibility. Trade the June 4 formal release for EPS and margin details rather than this preliminary read.
Price Chart
Executive Summary
Orion Energy Systems pre-announced preliminary FY26 revenue of $86M and adjusted EBITDA of at least $2M, reiterating FY27 guidance of $95-97M revenue with positive adjusted EBITDA. This is a preliminary pre-release ahead of the formal Q4 earnings report on June 4, and the filing provides limited GAAP financial detail — no EPS, margins, or cash flow data were disclosed.
Key Financial Metrics
Key Facts
- Preliminary FY26 revenue of $86M vs. initial expectations reiterated just one month ago on 4/15/2026
- Preliminary FY26 adjusted EBITDA of at least $2M
- FY27 revenue guidance reiterated at $95-97M with positive adjusted EBITDA
- Backlog of $30M as of March 31, 2026
- Six consecutive quarters of positive adjusted EBITDA
- Q4 and full FY26 formal results will be released on June 4, 2026
Financial Impact
FY26 revenue of $86M with $2M+ adjusted EBITDA; FY27 guidance of $95-97M revenue represents ~11-13% YoY growth at the midpoint
Risk Factors
- Preliminary figures are unaudited and subject to revision
- No GAAP net income or EPS provided; adjusted EBITDA is a non-GAAP metric with significant add-backs
- Consensus for the FY26 Q4 quarter (ending March 31) was $0.14 EPS — this preliminary release does not provide quarterly EPS
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-229823 |
| Document: oesx-ex99_1.htm | 0001193125-26-229823 |
| Document: 0001193125-26-229823-index-headers.html | 0001193125-26-229823 |
| Document: 0001193125-26-229823-index.html | 0001193125-26-229823 |
| Document: 0001193125-26-229823.txt | 0001193125-26-229823 |
| 8-K Data (Synthetic) | 0001193125-26-229823 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | SC 13G | $22.80 $19.56 | ▼ −14.21% | ▼ −14.07% | $19.56 (−14.21%) |
Sep 15, 2026 5w ago | 8-K | $26.91 $27.50 | ▲ +2.19% | ▲ +1.38% | $19.56 (−27.31%) |
Aug 5, 2026 11w ago | 8-K | $16.06 $20.59 | ▲ +28.21% | ▲ +27.86% | $19.56 (+21.79%) |
Jun 24, 2026 17w ago | DEFA14A | $9.57 $12.18 | ▲ +27.27% | ▲ +25.57% | $19.56 (+104.39%) |
Jun 4, 2026 20w ago | 8-K | $9.16 $9.46 | ▲ +3.28% | ▲ +5.83% | $19.56 (+113.54%) |
Jun 4, 2026 20w ago | Press Release | $9.16 $9.46 | ▲ +3.28% | ▲ +5.83% | $19.56 (+113.54%) |
May 19, 2026 22w ago | 8-K | $8.78 $10.40 | ▲ +18.45% | ▲ +16.20% | $19.56 (+122.78%) |
May 19, 2026 22w ago | Press Release | $8.78 $10.40 | ▼ −18.45% | ▼ −16.20% | $19.56 (−122.78%) |
Apr 16, 2026 27w ago | 8-K | $9.55 $9.25 | ▼ −3.14% | ▼ −3.70% | $19.56 (+104.82%) |
Apr 15, 2026 27w ago | Press Release | $10.01 $9.50 | ▼ −5.09% | ▼ −6.73% | $19.56 (+95.40%) |
US Market Status
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