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nLIGHT, Inc.(LASR)Earnings, Financials & Key Ratios
LASR•NASDAQ
$59.01
Price updated Jul 7, 2026
AboutnLIGHT, Inc. designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments, Laser Products and Advanced Development. The company also provides fiber amplifiers, and beam combination and control systems for use in high-energy laser systems in directed energy applications. It sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through various independent sales representatives and distributors in Asia, Europe, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.Show more
- Revenue$261M+31.6%
- EBITDA-$26M+46.6%
- Net Income-$23M+61.4%
- EPS (Diluted)-0.48+62.2%
- Gross Margin29.83%+79.4%
- EBITDA Margin-9.81%+59.4%
- Operating Margin-10.16%+69.3%
- Net Margin-8.98%+70.7%
- ROE-10.59%+59.0%
LASR Price & Volume
nLIGHT, Inc. (LASR) stock price & volume — 10-year historical chart
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Strategic Pivot Drives Revenue Growth Amidst Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Negative
Financial:Healthy
Cash Flow:Improving
Primary Risk:High fixed cost sensitivity
Key Thesis Takeaways
- nLIGHT is successfully transitioning its business model toward high-value aerospace and defense applications, evidenced by a 55.2% year-over-year revenue growth rate in 2026Q1.
- While top-line momentum is accelerating, the company faces persistent challenges in achieving consistent GAAP profitability due to high fixed-cost burdens and significant stock-based compensation, which reached $11.6 million in 2025Q4.
- Investors should monitor the sustainability of recent gross margin improvements, which reached 33.1% in 2026Q1, as the firm balances its capital-intensive fabrication model against the need for long-term operating leverage.
Verdict Logic
while the company has achieved a 55.2% revenue growth rate, the persistent negative operating margin of -0.5% and high stock-based compensation suggest that the path to sustainable profitability remains uncertain.
LASR Growth Metrics
nLIGHT, Inc. (LASR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years3.24%
3 Years2.59%
TTM40.91%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM73.28%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM73.54%
Return on Capital
10 Years-8.69%
5 Years-16.26%
3 Years-17.67%
Last Year-10.84%
LASR Recent Earnings
nLIGHT, Inc. (LASR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.20+150.0%
$0.08
Rev
$80M+11.2%
$72M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.14+27.3%
$0.11
Rev
$81M+5.8%
$77M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.08+300.0%
$0.02
Rev
$67M-12.3%
$76M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.06+166.7%
$0.09
Rev
$62M+7.7%
$57M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.20vs $0.08+150.0% | $80Mvs $72M+11.2% |
| Q1 2026 | Feb 26, 2026 | $0.14vs $0.11+27.3% | $81Mvs $77M+5.8% |
| Q4 2025 | Nov 6, 2025 | $0.08vs $0.02+300.0% | $67Mvs $76M-12.3% |
| Q3 2025 | Aug 7, 2025 | $0.06vs $0.09+166.7% | $62Mvs $57M+7.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for nLIGHT, Inc. (LASR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $59.01 | $3.33B | -122.94 | 31.62% | -8.98% | -10.59% | — | |
| $698.91 | $49.9B | 1888.95 | 21.03% | 17.68% | 30.68% | — | |
| $96.60 | $4.1B | 132.33 | 2.73% | 2.78% | 1.37% | — | |
| $314.13 | $49.81B | -604.10 | 23.42% | 10.59% | 6.94% | — | |
| $349.57 | $23.53B | 79.99 | 9.62% | 8.03% | 12.24% | — | |
| $147.85 | $5.27B | 100.58 | 3.3% | 5.35% | 5.08% | — |
Compare LASR vs Peers
nLIGHT, Inc. (LASR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LASR SEC Filings & Documents
nLIGHT, Inc. (LASR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LASR Frequently Asked Questions
nLIGHT, Inc. (LASR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is nLIGHT, Inc.'s revenue?
nLIGHT, Inc. (LASR) reported $289.8M in revenue for fiscal year 2025. This represents a 186% increase from $101.3M in 2016.
How fast is nLIGHT, Inc. growing?
nLIGHT, Inc. (LASR) grew revenue by 31.6% over the past year. This is strong growth.
Is LASR profitable?
nLIGHT, Inc. (LASR) reported a net loss of $14.7M for fiscal year 2025.
Dividend & Returns
What is LASR's return on equity?
nLIGHT, Inc. (LASR) has a return on equity (ROE) of -10.6%. Negative ROE indicates the company is unprofitable.
What is nLIGHT, Inc.'s free cash flow?
nLIGHT, Inc. (LASR) generated $22.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.