Filing Flows › Orion Energy Systems (OESX) › Q1 FY27
Orion Energy Systems (OESX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 5, 2026
Orion Energy Systems (OESX) reported revenue of $25.7M for the first quarter fiscal 2027 (Q1 FY27), +32% from a year earlier and +0.1% from the quarter before. Operating margin was 8.2%, net earnings $2.0M (7.6% of revenue).
Orion Energy Systems, Q1 FY27: revenue $25.7M (+32% year over year), operating margin 8.2%, net earnings $2.0M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.7M | +0.1% | +32% |
| Gross profit | $8.9M | -6% | +51% |
| Operating profit | $2.1M | — | — |
| Net earnings | $2.0M | — | — |
| Operating cash flow | $1.4M | — | — |
| Free cash flow | $1.3M | — | — |
What changed
Revenue was $25.7M in Q1 FY27, up 32% year over year and roughly flat from the previous quarter. Product was the largest line at 55% of revenue. Service added $5.5M year over year (up 90%), 89% of the total change.
Gross margin was 34.6%, up 4.5 points from Q1 FY26. Operating profit was $2.1M, a 8.2% margin (up 13.4 points year over year). Operating expenses fell 2% while revenue rose 32%. The fastest-growing cost line was Research & development (+29%). Net earnings were $2.0M. The effective tax rate was 0.3%.
Operating cash flow was $1.4M, 69% of net earnings. Non-cash charges added back $233K of depreciation and amortization and $159K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $6K left free cash flow of $1.3M.
Questions
What was Orion Energy Systems' revenue in the first quarter fiscal 2027?
Orion Energy Systems (OESX) reported revenue of $25.7M for the first quarter fiscal 2027 (Q1 FY27), +32% from a year earlier and +0.1% from the quarter before.
Was Orion Energy Systems profitable in the first quarter fiscal 2027?
Operating profit was $2.1M (8.2% of revenue) and net earnings $2.0M.