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NLIGHT

NLIGHT (LASR) Q3 2025 Earnings

Reported Nov 6, 2025 at 4:24 PM ET · SEC Source

Q3 25 EPS

$0.08

BEAT +409.55%

Est. $0.02

Q3 25 Revenue

$66.7M

BEAT +4.46%

Est. $63.9M

vs S&P Since Q3 25

+84.1%

BEATING MARKET

LASR +95.2% vs S&P +11.1%

Market Reaction

Did LASR Beat Earnings? Q3 2025 Results

nLIGHT posted a blowout third quarter, delivering non-GAAP EPS of $0.08 against a consensus estimate of just $0.02, a beat of 409.55%, while revenue of $66.74 million topped expectations by 4.46% and rose 18.9% year-over-year. The driving force was u… Read more nLIGHT posted a blowout third quarter, delivering non-GAAP EPS of $0.08 against a consensus estimate of just $0.02, a beat of 409.55%, while revenue of $66.74 million topped expectations by 4.46% and rose 18.9% year-over-year. The driving force was unmistakable: Aerospace and Defense revenue surged 50.4% from the prior-year period to $45.55 million, marking a record for the third consecutive quarter and now accounting for roughly 68% of total sales. That defense momentum powered a meaningful gross margin expansion to 31.1% from 22.4% a year ago, with Products gross margin reaching 41% in the quarter, and lifted Adjusted EBITDA to $7.11 million from negative $994,000 twelve months prior. The strong results sent shares to a 52-week high, reflecting growing investor confidence in the company's defense-driven pivot. Looking ahead, nLIGHT guided Q4 2025 revenue of $72 million to $78 million and raised its full-year 2025 A&D revenue growth outlook to exceed 40% year-over-year, signaling continued momentum across directed energy and defense programs.

Key Takeaways

  • • Record Aerospace & Defense revenue for the third consecutive quarter
  • • Products gross margin expansion to 41%
  • • Adjusted EBITDA improvement to $7.1 million from negative $994 thousand year-over-year
  • • Continued ramp of previously announced defense programs
24/7 Wall St

LASR YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

LASR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“3Q 2025 represented another solid quarter of execution for nLIGHT with record revenue from our A&D markets driving our results. I am particularly pleased with the expansion of our products gross margin, which was 41% in the quarter, and the growth in our Adjusted EBITDA, both of which demonstrate the leverage that is inherent in our operating model. We expect continued sequential A&D revenue growth in the fourth quarter as many of the programs previously announced continue to ramp. As a result, we expect full year 2025 A&D revenue growth to exceed our prior outlook for A&D growth of at least 40% year-over-year.”

— Scott Keeney, Q3 2025 Earnings Press Release

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