nLIGHT(NASDAQ) LASR

nLIGHT, Inc. makes powerful lasers for defense and industrial uses. These lasers help tools cut metal or find objects precisely. They serve customers building advanced defense and manufacturing systems.

Powerful Lasers for Many Jobs

• Laser Products: Semiconductor and fiber lasers for industrial and defense uses; accounted for 72.2% of revenue in the first half of 2026.
• Advanced Development: Research and engineering services for government and commercial customers; accounted for 27.8% of revenue in the first half of 2026.
• Directed Energy: High-power laser systems for defense applications; integrated into mission-critical military equipment.
• Microfabrication Tools: Precision lasers for delicate tasks like making electronics; sold primarily as semiconductor laser products.

Building the Defense Pipeline

• Raised $191.3 million through a public stock offering in the first half of 2026.
• Repaid $20.0 million in debt during the second quarter of 2026 to clear its revolving credit line.
• Achieved 53.2% revenue growth in the Aerospace and Defense market in the six months ended June 30, 2026.
• Invested $25.0 million in research and development during the first half of 2026.

What Makes nLIGHT Different

nLIGHT manages every step of production from laser chips to full systems. This vertical integration helps the company quickly adapt its core technology for different industrial and military needs.

The Latest Financial Facts

• Total revenue reached $162.8 million for the six months ended June 30, 2026, up 43.5% year over year.
• The company reported a net loss of $0.7 million for the first half of 2026, improving from an $11.7 million loss in the same period of 2025.
• Gross margin increased to 32.1% in the first six months of 2026 compared to 28.4% in the previous year.
• Cash, cash equivalents, and marketable securities totaled $330.8 million as of June 30, 2026.
• Sales, general, and administrative expenses rose 31.8% to $31.3 million in the first half of 2026.

Bottom Line

nLIGHT has transitioned from a laser component manufacturer to a provider of integrated subsystems for high-growth defense and industrial markets. Its focus on vertical integration and research allows it to scale technology across multiple sectors effectively.