nLIGHT, Inc.

LASR

$40.92

+3.88%

2026-09-03 09:56:19 EDT+$1.53

Technology

Semiconductors

NASDAQ

Active Trading

nLIGHT, Inc. specializes in the development, production, and sale of advanced semiconductor and fiber lasers. These sophisticated laser systems find applications across ...

Price Action of LASR

$40.92

+3.88%+$1.53

High—

Low—

52W High-52.9%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

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nLIGHT, Inc. (NASDAQ: LASR) is a global leader in high-power laser technology, headquartered in Camas, Washington. The company designs, manufactures, and sells advanced semiconductor and fiber lasers used across diverse sectors, including industrial manufacturing, precision microfabrication, aerospace, and defense. Its operations are divided into two main segments: Laser Products and ...nLIGHT, Inc. (NASDAQ: LASR) is a global leader in high-power laser technology, headquartered in Camas, Washington. The company designs, manufactures, and sells advanced semiconductor and fiber lasers used across diverse sectors, including industrial manufacturing, precision microfabrication, aerospace, and defense. Its operations are divided into two main segments: Laser Products and Advanced Development. In addition to lasers, nLIGHT provides fiber amplifiers and beam combination and control systems, which are crucial for high-energy laser systems in directed energy applications. The company leverages a dual distribution strategy, utilizing a direct sales force in key markets such as the United States, China, South Korea, and Europe, while also partnering with independent representatives and distributors in other regions. Financially, nLIGHT has shown a focus on research and development, with R&D expenses representing about 16.3% of revenue. The company's products are known for their high power and performance, serving mission-critical applications. With approximately 800 employees, nLIGHT continues to innovate in laser technology, aiming to expand its product offerings and strengthen its position in both commercial and defense markets. Key leadership includes co-founder and CEO Scott H. Keeney, who has guided the company since its inception. Despite recent market fluctuations, nLIGHT remains committed to advancing laser technology and meeting the evolving needs of its customers. The company's financial metrics indicate a focus on growth and innovation, with a market capitalization of approximately $3.17 billion and enterprise value of $2.89 billion as of the latest data. nLIGHT continues to invest in new product development and expand its global footprint, positioning itself for future opportunities in high-power laser applications.ExpandCollapse

Founded

2000

Employees

800

CEO

Scott H. Keeney

Full Name

nLIGHT, Inc.

Sector

Technology

Industry

Semiconductors

ROE

-3.80%

Market Cap

$2.31B

Current Ratio

8.17

WACC

15.47%

ROIC

-2.32%

Contact Information

https://www.nlight.net

360 566 4460

4637 NW 18th Avenue, Camas, WA 98607

Key Metrics of LASR

Snapshot

Latest / TTM · 6 periods

Market Cap

$2.31B

ROCE

-3.6%

EV / EBITDA

238.07x

+6.8% YoY

FCF Yield

2.1%

+1.5% YoY

Cash Conversion Cycle

96.7d

Current Ratio

8.17

Quick take

TTM —

Positive CCC

Financial Highlights of LASR

Profitability trend

Latest / TTM · 6 periods

Gross Margin

31.5%

Net Margin

-4.0%

P/E Ratio

-166.35x

n/a

Debt / Equity

0.03

n/a

Current Ratio

8.17

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of LASR

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.05 · Revenue $68.16M · 6 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.09 · Revenue $74.93M · 6 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $0.50 · Revenue $305.87M · 6 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.11 · Revenue $77.31M · 2 analysts

Recent history

Aug 7, 2026
Q2 FY2026 · Results reported
EPS $-0.02 · Revenue $82.59M
View filing
May 8, 2026
Q1 FY2026 · Results reported
EPS $0.01 · Revenue $80.18M
View filing
Feb 27, 2026
FY2025 · Annual results
EPS $-0.48 · Revenue $261.33M
View filing
Nov 7, 2025
Q3 FY2025 · Results reported
EPS $-0.14 · Revenue $66.74M
View filing
Aug 8, 2025
Q2 FY2025 · Results reported
EPS $-0.07 · Revenue $61.73M
View filing
May 9, 2025
Q1 FY2025 · Results reported
EPS $-0.16 · Revenue $51.67M
View filing

Financial Statements of LASR

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$261.3M	+31.6%	+3.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-23.5M	+61.4%	-307.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+29.8%	+79.4%	-5.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-10.2%	+69.3%	-716.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-9.0%	+70.7%	-301.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$12.3M	+219.5%	+209.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+4.7%	+190.8%	+200.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	16.0%	+184.8%	-59.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	3.79x	-33.2%	+15.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$318.1M	+17.7%	+0.4%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-0.48 vs 0.21	-326.3%	-0.02 vs 0.05	-140.9%
Revenue Surprise	$261.3M vs $256.8M	+1.8%	$82.6M vs $68.2M	+21.2%

Insider Transactions of LASR

Acquisitions (A)

Since Aug 21, 2026

Disposals (D)

Since Aug 21, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 28, 2026	Gossman William	director	Common Stock	A	15,000	$1.10
Aug 28, 2026	Gossman William	director	Common Stock	D	15,000	$44.36
Aug 28, 2026	Gossman William	director	Stock Option (Right to Buy)	D	0	$1.10
Aug 24, 2026	Keeney Scott H	director, officer: President and CEO	Common Stock	A	181,750	$1.45
Aug 24, 2026	Keeney Scott H	director, officer: President and CEO	Common Stock	D	155,008	$44.03

Earnings Call Transcript of LASR

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Hello, everyone. Thank you for joining us, and welcome to nLIGHT's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now hand the conference over to John Marchetti. John, please go ahead. John Marchetti: Good afternoon, everyone. Thank you for joining us today to discuss nLIGHT's Second Quarter 2026 Earnings Results. I'm John Marchetti, nLIGHT's VP of Corporate Development and the Head of Investor Relations. And with me on the call today are Scott Keeney, nLIGHT's Chairman and CEO; and Joe Corso, nLIGHT's CFO. Today's discussion will contain forward-looking statements, including statements related to our financial projections and plans for our business, our growth opportunities and demand for our products, the impact of export controls and related supply chain challenges on our product manufacturing and delivery and our mitigation strategies to address such supply chain challenges. These forward-looking statements are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially from these statements, including the risks mentioned in today's earnings release as well as other risks and uncertainties described from time to time in our SEC filings, including, without limitation, our most recent annual report on Form 10-K and our subsequent quarterly reports on Form 10-Q. We undertake no obligation to update any forward-looking statement, except as required by law. During the call, we will also be discussing certain non-GAAP financial measures. We have provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures in our earnings press release and in our earnings presentation, both of which can be found on the Investor Relations section of our website. I will now turn the call over to nLIGHT's Chairman and CEO, Scott Keeney. Scott Keeney: Thank you, John. Q2 represented another strong quarter of execution for nLIGHT with revenue, gross margin and adjusted EBITDA at or above our expectations. Our second quarter revenue was a record $83 million and grew 34% year-over-year, driven by record products revenue of $59 million, which grew 45% year-over-year. Adjusted EBITDA in the quarter was a solid $11 million, and we generated a record $21 million in cash from operations. During the second quarter, we saw increased demand for our solutions across both defense and advanced manufacturing markets. Our pipeline of new opportunities in directed energy significantly expanded with the recent award of the Department of War's Joint Laser Weapon System contract. Our laser sensing and advanced manufacturing opportunities also continue to grow, providing us with a broad base of new and existing programs and customers that we expect will continue to provide long-term growth opportunities for nLIGHT. Directed energy is an increasingly important priority for the U.S. and our allies, driven by the need for highly scalable, low-cost per …

Leadership Team of LASR

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Scott H. Keeney	Co-Founder, Chairman, President & Chief Executive Officer	USD 1,247,189	Male	1966	Active
Joseph Corso	Chief Financial Officer	USD 676,709	Male	1981	Active
Robert Martinsen	Chief Technology Officer	USD 317,568	Male	1963	Active
Kerry Hill	Chief Administrative Officer & Vice President of HR	USD 230,353	Female	—	Active
Bill Willson	Managing Director of Fiber Division	USD 101,520	Male	—	Active
Julie Dimmick	Vice President, General Counsel & Corporate Secretary	—	Female	—	Active
Chris Schechter	Chief Operating Officer	—	Male	—	Active
James Nias	Vice President, Corporate Controller & Chief Accounting Officer	—	Male	1972	Active
John Warren Marchetti	Vice President of Corporate Development & Investor Relations	—	Male	1970	Active
Jason Farmer	Co-Founder	—	Male	—	Active

Recent News of LASR

24/7 Wall Street8/14/2026Neutral

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.

Defense World8/13/2026Neutral

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 50,096 shares of the company's stock after buying an additional 36,329 shares during the quarter. Assenagon Asset Management

Defense World8/9/2026Neutral

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 929,333 shares. Key Headlines Impacting nLight Here are the key news stories impacting nLight this week: Positive Sentiment:

Zacks Investment Research8/7/2026Neutral

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.

Zacks Investment Research8/7/2026Neutral

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.

Historical Employee Count of LASR

Current

800

Change

+0.00%

Minimum

800

Maximum

1,300

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	800	10-K	Feb 27, 2026	View
Dec 31, 2024	800	10-K	Feb 28, 2025	View
Dec 31, 2023	930	10-K	Feb 26, 2024	View
Dec 31, 2022	1,100	10-K	Feb 27, 2023	View
Dec 31, 2021	1,300	10-K	Feb 28, 2022	View

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nLIGHT, Inc.