Filing Flows › Orion Energy Systems (OESX) › Q2 FY27
Orion Energy Systems (OESX) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Orion Energy Systems (OESX) reported revenue of $21.7M for the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier and -16% from the quarter before. Operating margin was -3.4%, net loss $810K (3.7% of revenue).
Orion Energy Systems, Q2 FY27: revenue $21.7M (+9% year over year), operating margin -3.4%, net loss $810K, operating cash flow −$3.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7M | -16% | +9% |
| Operating profit | −$734K | -135% | — |
| Net earnings | −$810K | -141% | — |
| Operating cash flow | −$3.4M | -350% | -286% |
What changed
Revenue was $21.7M in Q2 FY27, up 9% year over year and down 16% from the previous quarter. Product was the largest line at 62% of revenue. Service added $1.2M year over year (up 17%), 66% of the total change.
Gross margin was 28.7%, down 2.3 points from Q2 FY26. Operating costs exceeded revenue by $734K, an operating margin of -3.4%. Operating expenses grew 8% against revenue growth of 9%. The fastest-growing cost line was Sales & marketing (+16%). The quarter ended with a net loss of $810K, after a profit of $2.0M the previous quarter.
Operating cash flow was −$3.4M. Non-cash charges added back $214K of depreciation and amortization and $446K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $44K exceeded it, leaving free cash flow of −$3.4M.
Questions
What was Orion Energy Systems' revenue in the second quarter fiscal 2027?
Orion Energy Systems (OESX) reported revenue of $21.7M for the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier and -16% from the quarter before.
Was Orion Energy Systems profitable in the second quarter fiscal 2027?
Operating loss was $734K (-3.4% of revenue) and net loss $810K.