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How Orion Energy Systems (OESX) makes money

Orion Energy Systems (OESX) made $21.7M of revenue in the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier. Product brought in $13.4M (62%); Service brought in $8.3M (38%).

Drawing the Sankey…

Orion Energy Systems revenue by segment, Q2 FY27Orion Energy Systems revenue by segment, Q2 FY27Product$13.4MService$8.3M
Orion Energy Systems: revenue by line, Q4 FY25 to Q2 FY27Orion Energy Systems: revenue by line, Q4 FY25 to Q2 FY27ProductServiceProduct: $13.4M latest$13.4MService: $8.3M latest$8.3MQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Product went from 72% of revenue in Q4 FY25 to 62% in Q2 FY27, the largest shift in the mix.
Orion Energy Systems revenue by quarterOrion Energy Systems revenue by quarter$20.9MQ4 FY25$19.6MQ1 FY26$19.9MQ2 FY26$21.1MQ3 FY26$25.7MQ4 FY26$25.7MQ1 FY27$21.7MQ2 FY27
Orion Energy Systems: where each dollar of revenue goesOrion Energy Systems: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Product$13.4M61.8%-6%+5%
Service$8.3M38.2%-28%+17%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$21.7M100.0%
Income tax$31K0.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$21.7M+9%
Q1 FY27$25.7M+32%
Q4 FY26$25.7M+23%
Q3 FY26$21.1M+8%
Q2 FY26$19.9M+3%
Q1 FY26$19.6M-2%
Q4 FY25$20.9M-21%

From Orion Energy Systems' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Orion Energy Systems make money?

Orion Energy Systems (OESX) made $21.7M of revenue in the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier. Product brought in $13.4M (62%); Service brought in $8.3M (38%).

What is Orion Energy Systems' biggest business?

Product: $13.4M in the second quarter fiscal 2027, 62% of revenue, +5% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.