Companies /Technology

nLIGHT Inc

NASDAQ: LASR Semiconductors
$38.43
▼ $0.13 (−0.34%) today
Markets closed · 1:46am ET

Q4 2025 Earnings

Reported Feb 26, 2026, 4:10pm ET · SEC source
$0.14
Beat +27.27%
EPS · est. $0.11
$81.2M
Beat +5.83%
Revenue · est. $76.7M
+6.7%
Beating market
LASR vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+5%+10%Feb 26Feb 27report 4:10pm ETearnings−0.7%+0.6%
0+5%+10%Feb 26Feb 27earnings−0.7%+0.6%
LASR +0.6%S&P 500 −0.7%
0+5%+10%Feb 26Feb 27report 4:10pm ETearnings−0.6%+0.6%
0+5%+10%Feb 26Feb 27earnings−0.6%+0.6%
LASR +0.6%NASDAQ −0.6%
0+10%+20%+30%Feb 25Mar 6report 4:10pm ETearnings−2.3%+1.8%
0+10%+20%+30%Feb 25Mar 6earnings−2.3%+1.8%
LASR +1.8%S&P 500 −2.3%
0+10%+20%+30%Feb 25Mar 6report 4:10pm ETearnings−1.4%+1.8%
0+10%+20%+30%Feb 25Mar 6earnings−1.4%+1.8%
LASR +1.8%NASDAQ −1.4%
−10.74%
Day of report
+20.47%
Next session
+4.36%
One week
+1.48%
30 days

S&P 500 over the same 30 days: −5.20%.

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 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

“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.”

NLIGHT CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, nLIGHT expects revenues of $70 million to $76 million (midpoint $73 million), consisting of approximately $54 million in Laser Products revenue and $19 million in Advanced Development revenue. Overall gross margin is expected to be 27%–32%, with Laser Products gross margin of 34%–39% and Advanced Development gross margin of approximately 8%. Adjusted EBITDA is expected to be in the range of $5 million to $10 million.

LASR YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$30.0M$60.0M$47.4M$81.2MRevenue$1.1M$25.0MGross Profit$-3,010,304$-5,405,000Operating Income$-2,722,231$-4,909,000Net Income
$0$30.0M$60.0MRevenueGross ProfitOperating IncomeNet Income

LASR Revenue by Segment

Laser Products$55.1M+73.9%
Aerospace and Defense$56.3M+86.8%
Advanced Development$26.1M+66.2%
Microfabrication$14.2M+75.2%
Industrial$10.7M+16.8%

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