Companies /Technology

nLIGHT Inc

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

Q3 2025 Earnings

Reported Nov 6, 2025, 4:24pm ET · SEC source
$0.08
Beat +409.55%
EPS · est. $0.02
$66.7M
Beat +4.46%
Revenue · est. $63.9M
+8.2%
Beating market
LASR vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0Nov 6Nov 7report 4:24pm ETearnings+0.1%+1.5%
−10%−5%0Nov 6Nov 7earnings+0.1%+1.5%
LASR +1.5%S&P 500 +0.1%
−10%−5%0Nov 6Nov 7report 4:24pm ETearnings−0.1%+1.5%
−10%−5%0Nov 6Nov 7earnings−0.1%+1.5%
LASR +1.5%NASDAQ −0.1%
−16%−8%0+8%Nov 5Nov 14report 4:24pm ETearnings+0.1%−11.0%
−16%−8%0+8%Nov 5Nov 14earnings+0.1%−11.0%
LASR −11.0%S&P 500 +0.1%
−16%−8%0+8%Nov 5Nov 14report 4:24pm ETearnings−0.5%−11.0%
−16%−8%0+8%Nov 5Nov 14earnings−0.5%−11.0%
LASR −11.0%NASDAQ −0.5%
+14.67%
Day of report
+6.76%
Next session
−10.71%
One week
+10.66%
30 days

S&P 500 over the same 30 days: +2.47%.

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 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

“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.”

NLIGHT CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, nLIGHT expects revenues of $72 million to $78 million (midpoint $75 million), with Products revenue of approximately $55 million and Advanced Development revenue of approximately $20 million. Overall gross margin is expected in the range of 27% to 32%, with Products gross margin of 34% to 39% and Advanced Development gross margin of approximately 8%. Adjusted EBITDA is expected in the range of $6 million to $11 million. Full year 2025 A&D revenue growth is now expected to exceed the prior outlook of at least 40% year-over-year.

LASR YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$30.0M$60.0M$56.1M$66.7MRevenue$12.6M$20.8MGross Profit$-5,283,770$-7,299,000Operating Income$-5,149,449$-6,874,000Net Income
$0$30.0M$60.0MRevenueGross ProfitOperating IncomeNet Income

LASR Revenue by Segment

Laser Products$47.6M+15.7%
Aerospace and Defense$45.6M+50.4%
Advanced Development$19.1M+27.6%
Microfabrication$11.6M−18.6%
Industrial$9.6M−17.4%

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