Q2 26 EPS Adjusted
$0.15
Q2 26 Revenue
$82.6M
Market Reaction
Did LASR Beat Earnings? Q2 2026 Results
nLIGHT posted a strong second quarter, with results clearing analyst expectations as the fiber laser maker delivered adjusted EPS of $0.15 against a consensus estimate of $0.14, extending its beat streak to five consecutive quarters. Revenue climbed … Read more nLIGHT posted a strong second quarter, with results clearing analyst expectations as the fiber laser maker delivered adjusted EPS of $0.15 against a consensus estimate of $0.14, extending its beat streak to five consecutive quarters. Revenue climbed 33.8% year over year to $82.59 million, anchored by a standout performance in Aerospace and Defense, which generated $57.30 million in quarterly revenue compared to $40.70 million a year earlier, reflecting robust demand for directed energy systems including the Department of War's Joint Laser Weapon Systems contract. Products revenue rose 45% to $59.36 million, helping lift non-GAAP gross margin to 32.6% from 29.9% a year ago, while non-GAAP net income swung to $9.62 million from a loss of $2.93 million in Q2 2025. Looking ahead, nLIGHT guided Q3 revenue of $63 million to $73 million, with the midpoint tempered by approximately $17 million of product revenue deferred to future quarters due to supply chain constraints, and Adjusted EBITDA expected between $1 million and $7 million.
Key Takeaways
- • Continued strength in defense and advanced manufacturing markets
- • Record Products revenue of $59.4 million, up 45% YoY
- • Aerospace and Defense end market revenue grew to $57.3 million
- • Gross margin expansion to 31.1% from 29.9% YoY
- • Non-GAAP gross margin improved to 32.6%
- • Adjusted EBITDA nearly doubled to $10.7 million
LASR Forward Guidance & Outlook
For Q3 2026, nLIGHT expects revenue of $63 million to $73 million, with the $70 million midpoint comprising approximately $43 million in Products revenue and $25 million in Advanced Development revenue. Approximately $17 million of product revenue originally expected for Q3 has been deferred to future quarters due to supply chain challenges. Gross margin is expected in the range of 24% to 30%, with Products gross margin of 34% to 40% and Advanced Development gross margin of approximately 8%. Adjusted EBITDA is expected in the range of $1 million to $7 million.
LASR YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
LASR Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our second quarter results represent another strong quarter of execution for nLIGHT with total revenue, gross margin and Adjusted EBITDA at or above our expectations, driven by continued strength in our key defense and advanced manufacturing markets.”
— Scott Keeney, Q2 2026 Earnings Press Release
LASR Earnings Trends
LASR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LASR EPS Trend
Earnings per share: estimate vs actual
LASR Revenue Trend
Quarterly revenue: estimate vs actual
LASR Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | $0.15 | — | $82.6M | — |
| Q1 26 BEAT | $0.08 | $0.22 | +160.66% | $80.2M | +11.15% |
| Q4 25 BEAT FY | $0.11 | $0.14 | +27.27% | $81.2M | +5.83% |
| FY Full Year | $0.21 | $0.24 | +13.53% | $261.3M | +1.77% |
| Q3 25 BEAT | $0.02 | $0.08 | +409.55% | $66.7M | +4.46% |
| Q2 25 BEAT | $-0.09 | $0.06 | +166.67% | $61.7M | +11.75% |
| Q1 25 BEAT | $-0.19 | $-0.04 | +78.67% | $51.7M | +9.21% |