Filing Flows › Orion Energy Systems (OESX) › Q3 FY26
Orion Energy Systems (OESX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Orion Energy Systems (OESX) reported revenue of $21.1M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +6% from the quarter before. Operating margin was 1.8%, net earnings $160K (0.8% of revenue).
Orion Energy Systems, Q3 FY26: revenue $21.1M (+8% year over year), operating margin 1.8%, net earnings $160K, operating cash flow −$897K. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.1M | +6% | +8% |
| Gross profit | $6.5M | +5% | +13% |
| Operating profit | $386K | — | — |
| Net earnings | $160K | — | — |
| Operating cash flow | −$897K | -149% | — |
What changed
Revenue was $21.1M in Q3 FY26, up 8% year over year and up 6% from the previous quarter. Product was the largest line at 69% of revenue. Service added $1.2M year over year (up 22%), 78% of the total change.
Gross margin was 30.9%, up 1.5 points from a year earlier. Operating profit was $386K, a 1.8% margin (up 8.2 points year over year). Operating expenses fell 13% while revenue rose 8%. Net earnings were $160K. The effective tax rate was 10.1%.
Operating cash flow was −$897K. Non-cash charges added back $306K of depreciation and amortization. Working capital and other items used $1.4M. Capital expenditures of −$252K exceeded it, leaving free cash flow of −$645K.
Questions
What was Orion Energy Systems' revenue in the third quarter fiscal 2026?
Orion Energy Systems (OESX) reported revenue of $21.1M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +6% from the quarter before.
Was Orion Energy Systems profitable in the third quarter fiscal 2026?
Operating profit was $386K (1.8% of revenue) and net earnings $160K.