nLIGHT Inc
NASDAQ:LASR
nLIGHT Inc
nLIGHT, Inc. develops and manufactures semiconductor and fiber lasers components. The company is headquartered in Camas, Washington and currently employs 1,300 full-time employees. The company went IPO on 2018-04-26. The firm operates through two segments: Laser Products segment and Advanced Development segment. The company designs, manufactures, and sell a range of high-power semiconductor lasers and fiber lasers that are integrated into laser systems or manufacturing tools built by its customers. Its products include Semiconductor Lasers, Fiber Lasers and Directed Energy Products. Its Semiconductor Lasers is a high-power semiconductor laser with a range of power levels, wavelengths, and output fiber sizes. Its Fiber Lasers is a programmable and serviceable high-power fiber laser. Its Directed Energy Products includes standalone fiber amplifiers and beam combination and control systems for use in high-energy laser (HEL) systems in directed energy applications. Its products are sold in the United States, China, South Korea and various European countries.
nLIGHT, Inc. develops and manufactures semiconductor and fiber lasers components. The company is headquartered in Camas, Washington and currently employs 1,300 full-time employees. The company went IPO on 2018-04-26. The firm operates through two segments: Laser Products segment and Advanced Development segment. The company designs, manufactures, and sell a range of high-power semiconductor lasers and fiber lasers that are integrated into laser systems or manufacturing tools built by its customers. Its products include Semiconductor Lasers, Fiber Lasers and Directed Energy Products. Its Semiconductor Lasers is a high-power semiconductor laser with a range of power levels, wavelengths, and output fiber sizes. Its Fiber Lasers is a programmable and serviceable high-power fiber laser. Its Directed Energy Products includes standalone fiber amplifiers and beam combination and control systems for use in high-energy laser (HEL) systems in directed energy applications. Its products are sold in the United States, China, South Korea and various European countries.
Revenue Growth: Q3 revenue was $66.7 million, up 19% year-over-year and 8% quarter-over-quarter, reaching the high end of guidance.
Aerospace & Defense Strength: Aerospace and defense revenue hit a record $45.6 million, up 50% YoY and 12% sequentially, driven by strong defense product sales.
Margin Expansion: Total gross margin improved to 31.1% from 22.4% a year ago; products gross margin reached a record 41%.
Profitability: Adjusted EBITDA was $7.1 million, up from a loss last year and above expectations. The company was free cash flow positive.
Guidance Raised: Q4 2025 revenue is expected between $72 million and $78 million, with sequential A&D revenue growth and full-year A&D revenue growth now expected to exceed the previous outlook of at least 40% YoY.
Contract Pipeline: Management stated that contracts already booked are expected to offset any HELSI-2 program wind-down in 2026, with additional high-probability opportunities beyond that.
Restructuring & Cost Control: Operating expenses included a restructuring charge due to reduced activities in China and lower expectations in cutting and welding.
