Companies /Technology

nLIGHT Inc

NASDAQ: LASR Semiconductors
$39.20
▲ $0.77 (+2.00%) today
Markets open · 11:20am ET

Q2 2025 Earnings

Reported Aug 7, 2025, 4:36pm ET · SEC source
$0.06
Beat +166.67%
EPS · est. $-0.09
$61.7M
Beat +11.75%
Revenue · est. $55.2M
+8.2%
Beating market
LASR vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−16%−8%0+8%Aug 7Aug 8report 4:36pm ETearnings+0.9%+6.4%
−16%−8%0+8%Aug 7Aug 8earnings+0.9%+6.4%
LASR +6.4%S&P 500 +0.9%
−16%−8%0+8%Aug 7Aug 8report 4:36pm ETearnings+1.1%+6.4%
−16%−8%0+8%Aug 7Aug 8earnings+1.1%+6.4%
LASR +6.4%NASDAQ +1.1%
−20%−10%0+10%Aug 6Aug 15report 4:36pm ETearnings+1.6%+2.7%
−20%−10%0+10%Aug 6Aug 15earnings+1.6%+2.7%
LASR +2.7%S&P 500 +1.6%
−20%−10%0+10%Aug 6Aug 15report 4:36pm ETearnings+1.3%+2.7%
−20%−10%0+10%Aug 6Aug 15earnings+1.3%+2.7%
LASR +2.7%NASDAQ +1.3%
+27.75%
Day of report
+1.26%
Next session
+0.11%
One week
+10.59%
30 days

S&P 500 over the same 30 days: +2.36%.

Did LASR Beat Earnings? Q2 2025 Results

nLIGHT delivered a standout second quarter, swinging to non-GAAP profitability and posting results well ahead of Wall Street expectations as its defense pivot gained unmistakable traction. The fiber laser maker reported Q2 2025 revenue of $61.73 million, up 22.2% year-over-year and ahead of the $55.24 million consensus, while non-GAAP EPS of $0.06 beat the analyst estimate of negative $0.09 by 166.67%, a striking reversal from the $4.58 million non-GAAP loss recorded a year earlier. The single biggest driver was a record Aerospace and Defense quarter, where revenue surged 48.6% to $40.70 million, pulling gross margin up to 29.9% from 23.5% and pushing Adjusted EBITDA to a positive $5.55 million versus negative $1.60 million in Q2 2024. CEO Scott Keeney credited rising demand for directed energy and laser sensing solutions, and the company raised its full-year aerospace and defense growth outlook to at least 40%, up sharply from a prior target of at least 25%. Looking ahead, management guided Q3 revenue to $62 million to $67 million, suggesting the momentum is far from exhausted, even as some observers argue the company remains well below the scale needed to sustain consistent GAAP profitability.

Key Takeaways
  • Record Aerospace & Defense revenue driving Q2 upside
  • Gross margin expansion to 29.9% from 23.5% YoY
  • Strong demand for directed energy products and laser sensing solutions
  • Non-GAAP profitability achieved with $0.06 EPS vs. prior-year loss
  • Adjusted EBITDA swung to positive $5.55 million from negative $1.6 million

“2Q 2025 represented a solid quarter of execution for nLIGHT, with revenue, gross margin and Adjusted EBITDA all ahead of our expectations.”

NLIGHT CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, nLIGHT expects revenues of $62 million to $67 million (midpoint $64.5 million), comprising approximately $45 million in Products revenue and $19 million in Advanced Development revenue. Overall gross margin is expected in the 24%–30% range, with Products gross margin of 32%–36% and Advanced Development gross margin of approximately 8%. Adjusted EBITDA is expected in the range of $2.0 million to $6.0 million. The company raised its full-year 2025 aerospace and defense revenue growth outlook to at least 40% year-over-year, up from a prior outlook of at least 25% growth.

LASR YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$20.0M$40.0M$60.0M$50.5M$61.7MRevenue$11.8M$18.5MGross Profit$-2,542,312$-4,236,000Operating Income$-2,120,085$-3,591,000Net Income
$0$20.0M$40.0M$60.0MRevenueGross ProfitOperating IncomeNet Income

LASR Revenue by Segment

Laser Products$40.8M
Aerospace and Defense$40.7M+48.6%
Advanced Development$20.9M
Microfabrication$11.3M+10.5%
Industrial$9.7M

Figures from SEC filings and company reports. Not investment advice.