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NLIGHT

NLIGHT (LASR) Q4 2025 Earnings

Reported Feb 26, 2026 at 4:10 PM ET · SEC Source

Q4 25 EPS

$0.14

BEAT +27.27%

Est. $0.11

Q4 25 Revenue

$81.2M

BEAT +5.83%

Est. $76.7M

vs S&P Since Q4 25

+3.7%

BEATING MARKET

LASR +12.6% vs S&P +8.9%

Full Year 2025 Results

FY 25 EPS

$0.24

BEAT +13.53%

Est. $0.21

FY 25 Revenue

$261.3M

BEAT +1.77%

Est. $256.8M

Market Reaction

Did LASR Beat Earnings? Q4 2025 Results

nLIGHT delivered a breakout fourth quarter for fiscal 2025, posting record revenue of $81.19 million, a 71.3% year-over-year surge, while non-GAAP EPS of $0.14 per diluted share cleared the $0.11 consensus estimate by nearly 30%, underscoring the com… Read more nLIGHT delivered a breakout fourth quarter for fiscal 2025, posting record revenue of $81.19 million, a 71.3% year-over-year surge, while non-GAAP EPS of $0.14 per diluted share cleared the $0.11 consensus estimate by nearly 30%, underscoring the company's accelerating defense-driven transformation. The single most compelling force behind the quarter was Aerospace and Defense, where revenue nearly doubled to $56.30 million from $30.13 million a year earlier, pulling GAAP gross margin to 30.7% from a near-breakeven 2.4% in Q4 2024 and swinging adjusted EBITDA to a $10.69 million gain from an $11.30 million loss. The company's unveiling of a new 70kW-class laser weapon system has drawn fresh analyst attention, including an "Outperform" initiation with a $95 price target from one Wall Street firm. Looking ahead, nLIGHT guided Q1 2026 revenue to a $70 million to $76 million range, with adjusted EBITDA of $5 million to $10 million, signaling a seasonal step-down but continued profitability as the defense pipeline matures.

Key Takeaways

  • • Strong Aerospace and Defense revenue growth driven by existing program execution and new contract awards
  • • 71.3% year-over-year Q4 revenue growth
  • • GAAP gross margin expanded from 2.4% to 30.7% year-over-year in Q4
  • • Adjusted EBITDA swung from $(11.3) million loss to $10.7 million profit in Q4
  • • Operating leverage inherent in the business model driving margin expansion
24/7 Wall St

LASR YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

LASR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“2025 was an exceptional year for nLIGHT, with strong revenue growth driven by continued strength in our A&D markets as we executed well against existing programs and won new awards that helped drive additional growth.”

— Scott Keeney, Q4 2025 Earnings Press Release

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