Education
About Us
Working with TipRanks
Follow Us
nLIGHT Inc (LASR)
NASDAQ:LASR
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
-0.04Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: robust top-line growth (FY revenue +32%, A&D +60%), sizable margin expansion (~30% gross margin vs 17% prior year), record adjusted EBITDA ($23.5M) and improved cash generation, supported by a >$190M capital raise and a reinforced balance sheet. Key program deliveries (HELSI-2 progress, DE M-SHORAD delivery, $50M missile contract) and investments in manufacturing capacity position the company for further A&D growth. Headwinds include the strategic exit of cutting and welding (creating a $25M–$30M revenue headwind), a flat funded backlog year-over-year, product margin pressures tied to mix and inventory charges, execution/timing risk on government awards, and limited visibility in microfabrication. On balance, the favorable growth, margin recovery, cash position and strategic investments outweigh the challenges, though successful execution and converting pipeline awards remain critical.Company Guidance
Strong Full-Year Revenue Growth
Total revenue for FY2025 was $261.0M, up 32% year-over-year, driven largely by Aerospace & Defense (A&D) growth.
Record Q4 and A&D Performance
Q4 revenue was a record $81.2M, up 71% YoY and 22% sequentially. A&D revenue in Q4 was $56.3M, up 87% YoY and 24% sequentially; A&D full-year revenue was $175M, up 60% YoY.
Significant Product and Development Revenue Gains
Q4 product revenue was $30.2M (up 109% YoY) and development revenue was $26.1M (up 66% YoY). Development revenue grew 36% quarter-over-quarter driven by the DE M-SHORAD delivery.
Material Margin Expansion
Full-year gross margin improved to ~30% in 2025 from 17% in 2024. Q4 total gross margin was 30.7% (vs 2.4% in Q4 2024); product gross margin improved to 37.3% (vs 0.7% prior year) and development gross margin was 16.8% (vs 5.8% prior year).
Record Adjusted EBITDA and Positive Cash Flow
Adjusted EBITDA for FY2025 was a record $23.5M. Q4 adjusted EBITDA was $10.7M (vs a loss of $11.3M in Q4 2024). Cash from operations exceeded $21M for the year and Q4 cash from operations was $17.4M; the company was free cash flow positive in Q4.
Successful Capital Raise and Strengthened Balance Sheet
Completed a follow-on equity offering raising over $190M after expenses; combined with existing cash, the company has more than $0.25B on the balance sheet. Ended 2025 with $134M in cash, cash equivalents, restricted cash and investments (up from $101M at end of 2024).
Key Program Deliveries and Contract Wins
Substantial progress on HELSI-2 ($171M program, 1MW high-energy laser expected completion late 2026); successful delivery of 50kW CBC laser for Army DE M-SHORAD; signed a new $50M missile program contract in 2025 and began LRIP on a new classified sensing program.
Backlog and 2026 Guidance
Funded backlog was approximately $162M as of Dec 31, 2025 (essentially flat vs $167M a year earlier). Q1 2026 revenue guidance $70M–$76M (midpoint $73M: ~$54M product, ~$19M development); Q1 gross margin guidance 27%–32%; Q1 adjusted EBITDA $5M–$10M. Company expects total revenue growth in 2026.
Strategic Capacity Investment
Plan to build out and equip a new 50,000 sq ft manufacturing facility in Longmont, CO to increase production capacity for high-energy lasers and modules; work has started (lease signed, clean rooms and facilitation underway).
LASR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LASR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $62.95 | $56.19 | -10.74% |
Nov 06, 2025 | $29.79 | $34.16 | +14.67% |
Aug 07, 2025 | $20.47 | $26.15 | +27.75% |
May 08, 2025 | $8.61 | $11.67 | +35.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does nLIGHT Inc (LASR) report earnings?
nLIGHT Inc (LASR) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is nLIGHT Inc (LASR) earnings time?
nLIGHT Inc (LASR) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LASR EPS forecast?
LASR EPS forecast for the fiscal quarter 2026 (Q1) is 0.09.