nLIGHT Q1 revenue beats analyst expectations on aerospace and defense growth

nLIGHT

07/05/2026 21:53

Overview

U.S. high-power laser maker's Q1 revenue rose 55% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations

Net income turned positive after a loss in the prior-year quarter

Outlook

nLIGHT expects Q2 2026 revenue between $75 mln and $81 mln

Company sees Q2 2026 gross margin in the range of 29% to 33%

nLIGHT expects Q2 2026 Adjusted EBITDA between $8 mln and $12 mln

Result Drivers

A&D GROWTH - Record aerospace and defense product revenue nearly doubled yr/yr, driving overall results, per CEO Scott Keeney

DIRECTED ENERGY PIPELINE - Co cited a strong pipeline of directed energy opportunities, including follow-on production and upgrades, as supporting growth

Company press release: ID:nBw8dJ2v6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$80.18 mln
$72.04 mln (9 Analysts)
Q1 Net Income
$645,000
Q1 Adjusted EBITDA
Beat
$13.83 mln
$4.87 mln (7 Analysts)
Q1 Gross Margin
33.10%
Q1 Gross Profit
$26.51 mln
Q1 Operating Margin
-0.90%


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 $75.00, about 5.2% above its May 6 closing price of $71.29

The stock recently traded at 198 times the next 12-month earnings vs. a P/E of 139 three months ago

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.)