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nLIGHT, Inc. logo

nLIGHT, Inc.

LASR

NASDAQTechnologySemiconductors

Open in GoAI

Previous close

$44.11

−$3.28 · -6.92%

Aug 24, 4:00 PM ET

Pre-market

$45.25

+$1.14 · +2.58%

Aug 25, 6:09 AM ET

LASR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

75

Undervalued

Momentum

73

Gaining

Sentiment

51

Mixed

Risk resilience

41

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

nLIGHT, Inc. specializes in the development, production, and sale of advanced semiconductor and fiber lasers. These sophisticated laser systems find applications across diverse sectors such as industrial manufacturing, precision microfabrication, and the aerospace and defense industries. The company's operations are divided into two main segments: Laser Products and Advanced Development. Furthermore, nLIGHT supplies fiber amplifiers and intricate beam combination and control systems, which are integral to high-energy laser systems used in directed energy applications. The firm utilizes a dual distribution approach, leveraging its direct sales force in key markets including the United States, China, South Korea, and European countries, while also partnering with independent sales representatives and distributors across wider regions in Asia, Europe, and South America. Founded in 2000, the company was originally known as nLight Photonics Corporation before officially adopting its current name, nLIGHT, Inc., in January 2016. Its corporate headquarters are located in Camas, Washington.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Scott H. Keeney
Listed since
Apr 26, 2018
Employees
800

Market position

Day range

Current $44.11

52-week range

Current $44.11

Open
$46.67
Previous close
$47.39
Volume
1.74M
1.36× average
Average volume
1.28M
Average daily volume
Market cap
2.49B USD
Beta
2.36
Market reference 1
50-day average
$63.5262
-30.56% below average
200-day average
$56.8684
-22.43% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.85B USD
P/E (TTM)
-176.94×
P/B (TTM)
5.71×
P/S (TTM)
8.01×
EV / EBITDA
-92.62×
Earnings yield
-1.23%
Free cash flow yield
0.64%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
31.52%
Operating margin
-5.37%
Net margin
-4.02%
Return on equity
-10.35%
Return on assets
-7.38%
Return on invested capital
-9.60%

Financial health

Debt / equity
0.03×
Current ratio
3.79×
Altman Z-score
21.15
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%11%-14%-39%Gross margin, FY2021: 28.62%Gross margin, FY2022: 21.00%Gross margin, FY2023: 21.97%Gross margin, FY2024: 16.63%Gross margin, FY2025: 29.83%Operating margin, FY2021: -11.19%Operating margin, FY2022: -22.76%Operating margin, FY2023: -22.28%Operating margin, FY2024: -33.06%Operating margin, FY2025: -10.16%Net margin, FY2021: -10.98%Net margin, FY2022: -22.55%Net margin, FY2023: -19.85%Net margin, FY2024: -30.62%Net margin, FY2025: -8.98%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.62%. Gross margin FY2022 21.00%. Gross margin FY2023 21.97%. Gross margin FY2024 16.63%. Gross margin FY2025 29.83%. Operating margin FY2021 -11.19%. Operating margin FY2022 -22.76%. Operating margin FY2023 -22.28%. Operating margin FY2024 -33.06%. Operating margin FY2025 -10.16%. Net margin FY2021 -10.98%. Net margin FY2022 -22.55%. Net margin FY2023 -19.85%. Net margin FY2024 -30.62%. Net margin FY2025 -8.98%.

Income trends

Revenue

261.33M USD+31.62%

Operating income

−26.55M USD+59.55%

Net income

−23.47M USD+61.40%
Income trends across reported periods303.72M USD169.41M USD35.1M USD−99.21M USDRevenue, FY2021: 270.15M USDRevenue, FY2022: 242.06M USDRevenue, FY2023: 209.92M USDRevenue, FY2024: 198.55M USDRevenue, FY2025: 261.33M USDOperating income, FY2021: −30.22M USDOperating income, FY2022: −55.1M USDOperating income, FY2023: −46.77M USDOperating income, FY2024: −65.64M USDOperating income, FY2025: −26.55M USDNet income, FY2021: −29.67M USDNet income, FY2022: −54.58M USDNet income, FY2023: −41.67M USDNet income, FY2024: −60.79M USDNet income, FY2025: −23.47M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 270.15M USD. Revenue FY2022 242.06M USD. Revenue FY2023 209.92M USD. Revenue FY2024 198.55M USD. Revenue FY2025 261.33M USD. Operating income FY2021 −30.22M USD. Operating income FY2022 −55.1M USD. Operating income FY2023 −46.77M USD. Operating income FY2024 −65.64M USD. Operating income FY2025 −26.55M USD. Net income FY2021 −29.67M USD. Net income FY2022 −54.58M USD. Net income FY2023 −41.67M USD. Net income FY2024 −60.79M USD. Net income FY2025 −23.47M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue261.33M USD198.55M USD209.92M USD242.06M USD270.15M USD
Cost of goods sold183.37M USD165.53M USD163.81M USD191.24M USD192.84M USD
Gross profit77.96M USD33.02M USD46.11M USD50.82M USD77.31M USD
Research and development47.97M USD45.11M USD46.16M USD53.77M USD54.81M USD
Selling, general, and administrative54.19M USD49.26M USD45.9M USD48.26M USD52.71M USD
Operating expenses104.51M USD98.66M USD92.88M USD105.92M USD107.52M USD
Interest income4.95M USD1.67M USD1.34M USD529K USD—
Interest expense1.91M USD———163K USD
Depreciation and amortization908K USD17.6M USD16.03M USD15.7M USD15.06M USD
Operating income−26.55M USD−65.64M USD−46.77M USD−55.1M USD−30.22M USD
Net income−23.47M USD−60.79M USD−41.67M USD−54.58M USD−29.67M USD

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+65.41%
11 comparable reports
Latest EPS result
0.15
Estimate 0.14 · Beat by 6.31%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.240.05-0.15-0.34Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.3, estimate -0.21, surprise -42.86%, Miss. Q2 2025, reported May 8, 2025: actual -0.04, estimate -0.18, surprise +77.78%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.06, estimate -0.09, surprise +166.67%, Beat. Q4 2025, reported Nov 6, 2025: actual 0.08, estimate 0.02, surprise +300.00%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.14, estimate 0.11, surprise +27.27%, Beat. Q2 2026, reported May 7, 2026: actual 0.2, estimate 0.08, surprise +150.00%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.15, estimate 0.141, surprise +6.31%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.06, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates85.89M71.7M57.51M43.32MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 47.38M USD, estimate 46.62M USD, surprise +1.63%, Beat. Q2 2025, reported May 8, 2025: actual 51.67M USD, estimate 50.16M USD, surprise +3.01%, Beat. Q3 2025, reported Aug 7, 2025: actual 61.74M USD, estimate 57.32M USD, surprise +7.71%, Beat. Q4 2025, reported Nov 6, 2025: actual 66.74M USD, estimate 76.14M USD, surprise -12.35%, Miss. Q1 2026, reported Feb 26, 2026: actual 81.19M USD, estimate 76.71M USD, surprise +5.83%, Beat. Q2 2026, reported May 7, 2026: actual 80.18M USD, estimate 72.14M USD, surprise +11.15%, Beat. Q3 2026, reported Aug 6, 2026: actual 82.59M USD, estimate 78.58M USD, surprise +5.10%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 68.16M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$91.00

106.30% upside
Past 12 months12-month forecastHigh $100Average $91.00Low $81.00

Rating distribution

13 ratings
Strong buy18%
Buy1185%
Hold18%
Sell00%
Strong sell00%

Recent analyst actions

7 institutions
Roth CapitalmaintainBuy
Raymond JamesmaintainStrong Buy

LASR news

247wallst.com

Blaize Holdings, Lightwave Logic, nLight Diverge in Big Price Swings Today

Today's action is a study in contrast for small and mid-cap photonics and AI hardware names.

Read source
defenseworld.net

Assenagon Asset Management S.A. Acquires 36,329 Shares of nLight $LASR

Assenagon Asset Management S.A. grew its holdings in nLight (NASDAQ: LASR) by 263.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned…

Read source
defenseworld.net

nLight (NASDAQ:LASR) Shares Gap Down – Here’s Why

nLight (NASDAQ: LASR - Get Free Report)'s share price gapped down prior to trading on Friday. The stock had previously closed at $75.44, but opened at $58.27. nLight shares last traded at $61.2920, with a volume of…

Read source
zacks.com

LASR Q2 Earnings Surpass Estimates on Strong A&D Growth

nLIGHT's Q2 2026 earnings and revenues beat estimates as record aerospace and defense demand fueles strong product sales and margin gains.

Read source
zacks.com

LASR Q2 Earnings Call Focuses on Defense & Supply Constraints

nLIGHT's Q2 results highlight record defense revenues and rising laser demand, while China-linked supply delays cloud Q3 shipments.

Read source
businesswire.com

nLIGHT Announces Participation in Upcoming Investor Events

CAMAS, Wash.--(BUSINESS WIRE)--nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power lasers for mission critical directed energy, optical sensing, and advanced manufacturing applications, today announced…

Read source

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ETFs holding LASR

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
117.19M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$377.07-0.31%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
81.4M
Weight
0.05%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$116.42-1.69%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
67.51M
Weight
0.08%
AUM
80.54B USD
Expense ratio
0.19%
Price / 1D
$297.97-0.66%
Invesco Semiconductors ETF logoInvesco Semiconductors ETFPSI
Market value
46.12M
Weight
1.85%
AUM
2.49B USD
Expense ratio
0.56%
Price / 1D
$134.06-3.49%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
44.68M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.43-0.86%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
24.73M
Weight
0.16%
AUM
14.98B USD
Expense ratio
0.24%
Price / 1D
$383.16-1.09%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
21.58M
Weight
0.12%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$120.47-0.64%
Tema Space Innovators ETF logoTema Space Innovators ETFNASA
Market value
14.39M
Weight
1.33%
AUM
1.13B USD
Expense ratio
0.75%
Price / 1D
$23.60-4.22%

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