Orion Energy Systems Inc

Orion Energy Systems reported first quarter fiscal 2027 revenue of $25.7 million, a 32% increase from $19.6 million a year earlier, with net income of $2 million versus a loss of $1.2 million. Adjusted EBITDA rose to $2.5 million from $200,000, marking the company's seventh consecutive quarter of positive adjusted EBITDA. Gross margin improved to 34.6% from 30.1%, helped by a 130 basis point tariff benefit. The company reiterated full-year fiscal 2027 guidance of $95 million to $97 million in revenue and positive adjusted EBITDA, and highlighted early traction in the hyperscale data center market with a multimillion-dollar lighting engagement.

Orion Energy Systems announced the first customer deployment of its MPHL2 LED Lighting solution, a product developed for hyperscale data center operators. The customized lighting platform was created with channel partners to improve energy efficiency in data centers. While the initial deployment covers a single facility, management said the opportunity could expand significantly as adoption increases. The launch is part of Orion's strategy to target high-growth markets where energy efficiency and operational performance are priorities. Earlier, Orion reported fourth-quarter revenue of $25.72 million, up from $20.9 million a year earlier, and its sixth consecutive quarter of positive adjusted EBITDA.