nLIGHT Q2 revenue rises, beats analyst estimates

nLIGHT

06/08/2026 21:25

Overview
U.S. high-power laser maker's Q2 revenue rose 34% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations
Company posted smaller net loss as defense and manufacturing demand remained strong

Outlook
nLIGHT expects Q3 2026 revenue between $63 mln and $73 mln
Company sees Q3 2026 gross margin between 24% and 30%
nLIGHT expects Q3 2026 Adjusted EBITDA of $1 mln to $7 mln
Company says Q3 revenue guidance excludes $17 mln in product revenue due to supply chain challenges

Result Drivers
DEFENSE DEMAND - Co said strong demand in defense markets, including new directed energy contracts, drove Q2 results
ADVANCED MANUFACTURING - Growth in advanced manufacturing applications contributed to higher revenue, per CEO Scott Keeney
DIRECTED ENERGY PIPELINE - Expanding pipeline of directed energy projects, including Department of War’s Joint Laser Weapon Systems contract, supported results

Company press release: ID:nBwbVwMFDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$82.59 mln
$78.58 mln (9 Analysts)
Q2 Net Loss
 
$1.34 mln
 
Q2 Adjusted EBITDA
Beat
$10.73 mln
$10.57 mln (7 Analysts)
Q2 Gross Margin
 
31.10%
 
Q2 Gross Profit
 
$25.73 mln
 
Q2 Operating Margin
 
-4.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for nLIGHT, Inc. is $90.00, about 19.6% above its August 5 closing price of $75.25
The stock recently traded at 124 times the next 12-month earnings vs. a P/E of 188 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)