Filing Flows › Orion Energy Systems (OESX) › Q1 FY26
Orion Energy Systems (OESX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 6, 2025
Orion Energy Systems (OESX) reported revenue of $19.6M for the first quarter fiscal 2026 (Q1 FY26), -2% from a year earlier and -6% from the quarter before. Operating margin was -5.2%, net loss $1.2M (6.4% of revenue).
Orion Energy Systems, Q1 FY26: revenue $19.6M (-2% year over year), operating margin -5.2%, net loss $1.2M, operating cash flow −$515K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.6M | -6% | -2% |
| Operating profit | −$1.0M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$515K | — | — |
What changed
Revenue was $19.6M in Q1 FY26, down 2% year over year and down 6% from the previous quarter. Product was the largest line at 69% of revenue. Service lost $1.1M year over year (down 15%), 325% of the total change.
Gross margin was 30.1%, up 8.5 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -5.2%. Operating expenses fell 11% while revenue fell 2%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $2.9M loss.
Operating cash flow was −$515K. Non-cash charges added back $484K of depreciation and amortization and $166K of share-based compensation. Working capital and other items added $79K. Capital expenditures of $55K exceeded it, leaving free cash flow of −$570K.
Questions
What was Orion Energy Systems' revenue in the first quarter fiscal 2026?
Orion Energy Systems (OESX) reported revenue of $19.6M for the first quarter fiscal 2026 (Q1 FY26), -2% from a year earlier and -6% from the quarter before.
Was Orion Energy Systems profitable in the first quarter fiscal 2026?
Operating loss was $1.0M (-5.2% of revenue) and net loss $1.2M.