nLIGHT, Inc. (LASR) Stock Price & Analysis
nLIGHT, Inc. (LASR) is trading at USD 35.9, down 0.56% today, as of October 23, 2026 at 14:20 UTC (US market open; quotes may be delayed), according to Nexqual market data.
LASR last closed at USD 36.1; today's session has ranged USD 35.16–36.18 on volume of 55,134 shares. Market capitalization is $2.07B, with a 52-week range of USD 28.05–86.95 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:20 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LASR.md
Key facts (LASR)
- Last four reported quarters (through Jun 30, 2026): revenue $311M, net income -$12.5M (-4.0% margin), free cash flow $41.8M (SEC filings).
- 2 of 80 tracked superinvestors hold LASR (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.89 on a 1–5 scale) (9 analysts), mean target USD 82.13 (range 55–100).
- Total return with dividends: 1Y +11.6% vs S&P 500 +14.4%; 5Y +27.7% vs S&P 500 +77.0%.
- Next earnings: 2026-11-05, EPS estimate USD 0.05, revenue estimate $68.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LASR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $270M | $242M | $210M | $199M | $261M | $311M |
| Gross profit | $77.3M | $50.8M | $46.1M | $33.0M | $78.0M | — |
| Operating income | -$30.2M | -$55.1M | -$46.8M | -$65.6M | -$26.6M | -$17.0M |
| Net income | -$29.7M | -$54.6M | -$41.7M | -$60.8M | -$23.5M | -$12.5M |
| EPS (diluted) | -$0.70 | -$1.23 | -$0.90 | -$1.27 | -$0.47 | — |
| Free cash flow | -$26.8M | -$35.9M | $4.8M | -$10.3M | $12.3M | $41.8M |
| Gross margin | 28.6% | 21.0% | 22.0% | 16.6% | 29.8% | — |
| Operating margin | -11.2% | -22.8% | -22.3% | -33.1% | -10.2% | -5.5% |
| Net margin | -11.0% | -22.5% | -19.9% | -30.6% | -9.0% | -4.0% |
| Revenue growth | +21.3% | -10.4% | -13.3% | -5.4% | +31.6% | — |
| Cash + short-term investments | $147M | $108M | $113M | $101M | $134M | — |
| Total debt | $0K | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LASR)
P/S 6.7x · P/FCF 49.5x · P/B 4.7x · FCF yield 2.02% · Earnings yield -0.60%
Superinvestors (SEC 13F-HR, Q2 2026) (LASR)
2 of 80 tracked investors hold LASR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.08% | $9.3M | Added +48.6% |
| Lee Ainslie | Maverick Capital | <0.01% | $510K | New position |
Analysts (LASR)
Consensus Buy (mean 1.89 on a 1–5 scale), 9 analysts; mean target USD 82.13 (low 55, high 100).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-10 | Needham | Target raised | Buy | $80 → $90 |
| 2026-07-09 | Craig-Hallum | Target raised | Buy | $80 → $100 |
Total return (dividends reinvested) (LASR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +11.6% | +27.7% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +11.6% | +5.0% |
| Volatility (annualized) | 86.9% | 58.3% |
| Max drawdown | -60.4% (May 2026→Oct 2026) | -77.6% (Nov 2021→Mar 2025) |
LASR revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Laser Products | $59.4M | 71.9% | +45.4% |
| Advanced Development | $23.2M | 28.1% | +11.1% |
| Total revenue | $82.6M | 100% | — |
LASR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Products | $59.4M | 71.9% | +45.4% |
| Aerospace and Defense | $57.3M | 69.4% | +40.8% |
| Development | $23.2M | 28.1% | +11.1% |
| Microfabrication | $13.3M | 16.0% | +17.3% |
| Industrial | $12.0M | 14.6% | +23.6% |
| Total revenue | $82.6M | 100% | — |
LASR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| North America | $59.5M | 72.0% | +31.7% |
| EMEA | $13.9M | 16.8% | +76.0% |
| Asia Pacific | $9.2M | 11.1% | +6.0% |
| Total revenue | $82.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LASR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | QinetiQ | “Our top customers include BAE Systems, KORD Technologies, Mazak, Northrop Grumman, QinetiQ Limited, Raytheon Technologies, and the U.S. Government.” |
| Customer | RTX (Raytheon) (RTX) | “Our top customers include BAE Systems, KORD Technologies, Mazak, Northrop Grumman, QinetiQ Limited, Raytheon Technologies, and the U.S. Government.” |
Quoted from the company's 10-K filed Feb 27, 2026.
LASR customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (37%, 12%) of revenue, per the company's 10-Q filed Aug 7, 2026. The company does not name them.
LASR company outlook (results filed Aug 6, 2026)
- “For the third quarter of 2026, nLIGHT expects revenues to be in the range of $63 million to $73 million.”
Analysts expect $68.2M for the current quarter, in line with the midpoint of the company's guidance ($68.0M).
Quoted word-for-word from the SEC 8-K results press release.
LASR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.05 | $0.09 | -43.1% | $68.2M | 8 |
| Next quarter (ends Dec 2026) | $0.09 | $0.09 | +0.0% | $74.9M | 9 |
| Current fiscal year (ends Dec 2026) | $0.50 | $0.52 | -5.1% | $305.9M | 9 |
| Next fiscal year (ends Dec 2027) | $0.64 | $0.68 | -6.0% | $348.4M | 8 |
LASR options: expected move
Options price a move of about ±19.3% (±$7.00) by Nov 6, 2026, which includes earnings on Nov 5, 2026; the earnings reaction alone is priced at about ±16.6%. Over the last 8 reports the stock moved ±16.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 60.7% | ±7.2% |
| Nov 6, 2026 | 14 | 120.4% | ±19.3% |
| Nov 13, 2026 | 21 | 107.4% | ±20.8% |
| Nov 20, 2026 | 28 | 94.3% | ±21.0% |
| Nov 27, 2026 | 35 | 91.6% | ±22.6% |
| Dec 4, 2026 | 42 | 86.8% | ±23.5% |
| Dec 18, 2026 | 56 | 82.0% | ±25.3% |
| Mar 19, 2027 | 147 | 79.5% | ±38.9% |
30-day implied volatility 94.3% vs 42.6% realized over the last 30 trading days. Put/call ratio (volume) 6.57. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 14:20 UTC)
| Price | USD 35.9 |
|---|---|
| Change | ▼ 0.56% (down) |
| Previous Close | USD 36.1 |
| Open | USD 35.78 |
| Day Range | USD 35.16 – 36.18 |
| 52-Week Range | USD 28.05 – 86.95 |
| Volume | 55,134 shares |
| Market Cap | $2.07B |
| Exchange | NMS |
Technical Analysis (LASR)
Nexqual's technical model rates LASR "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 14:20 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.97 (neutral) |
| vs SMA50 | Below (USD 40.73) |
| MACD | -1.76 (negative) |
Analyst Ratings (LASR)
Wall Street analysts rate LASR "Buy" based on 9 analysts, with a mean price target of USD 82.13 (range USD 55–100), per Nexqual as of October 23, 2026 at 14:20 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 82.13 |
| High Target | USD 100 |
| Low Target | USD 55 |
| Buy / Hold / Sell | 9 / 0 / 0 |
Earnings (LASR)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.05 |
| Revenue Estimate | $68.16M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.15 vs est 0.14 ▲ beat |
| 2026-03-31 | USD 0.2 vs est 0.08 ▲ beat |
| 2025-12-31 | USD 0.14 vs est 0.11 ▲ beat |
| 2025-09-30 | USD 0.08 vs est 0.02 ▲ beat |
Source: Nexqual, October 23, 2026 at 14:20 UTC.
Financials & Fundamentals (LASR)
| Total Revenue | $310.70M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +33.80% |
| Gross Margin | +31.52% |
| Operating Margin | -4.32% |
| Profit Margin | -4.02% |
| ROE | -3.81% |
| Debt / Equity | 0.03 |
| Current Ratio | 8.17 |
| Total Cash | $330.45M |
| Total Debt | $14.84M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $41.83M (13.5% of revenue) |
Source: Nexqual, October 23, 2026 at 14:20 UTC.
Financial Health Score (LASR)
Nexqual rates nLIGHT, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 14:20 UTC.
| Growth | Strong — Revenue +32% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 32%, operating -4% (last 12 months) |
| Balance Sheet | Strong — $330M cash vs $15M debt, net cash position |
| Cash Flow | Solid — FCF $42M (last 4 quarters to Jun 2026, SEC), 13% margin |
| Efficiency | Critical — ROE -4%, ROA -2.2% |
Ownership (LASR)
| Insider Ownership | +2.44% |
|---|---|
| Institutional Ownership | +94.39% |
| Shares Outstanding | 57.69M |
| Float | 55.02M |
| Short % of Float | +4.85% |
Source: Nexqual, October 23, 2026 at 14:20 UTC.
Leadership (LASR)
nLIGHT, Inc. is led by Scott H. Keeney, Co-Founder, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 14:20 UTC.
| Co-Founder, Chairman, President & CEO | Scott H. Keeney |
|---|---|
| Chief Financial Officer | Joseph Corso |
| Chief Operating Officer | Chris Schechter |
| Chief Technology Officer | Robert Martinsen |
| Vice President of Corporate Development & Investor Relations | John Warren Marchetti |
Major Backers & Investors (LASR)
Notable institutional backers of nLIGHT, Inc. include Needham Investment Management, L.L.C., Driehaus Capital Management, LLC, Needham Funds Inc-Needham Aggressive Growth Fund, according to Nexqual as of October 23, 2026 at 14:20 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Needham Investment Management, L.L.C. | 3.45% |
| Driehaus Capital Management, LLC | 3.44% |
| Needham Funds Inc-Needham Aggressive Growth Fund | 2.95% |
| Invesco | 2.85% |
| Neuberger Berman Group, LLC | 2.54% |
| FMR, LLC | 1.84% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.46% |
| Vanguard Group | 7.97% |
| Geode Capital | 2.83% |
| State Street | 2.22% |
Source: Nexqual, October 23, 2026 at 14:20 UTC.
From nLIGHT, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- Our success depends, in part, upon our ability to continue to innovate and invest in research and development to meet the needs of our customers, and to maintain and protect our proprietary technology.
- Vertical integration enables us to control and protect our proprietary technologies and manufacturing processes, and we have invested in highly automated semiconductor packaging lines in our Camas, WA facility, which we believe is critical to serve the Directed Energy and Laser Sensing defense markets.
- We also benefit from our vertically integrated business model, as we can conduct design cycles more rapidly through control of the full production process.
- In many cases, components are custom manufactured for us based on our proprietary specifications.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to governmental export and import controls that could subject us to liability, impair our ability to compete and otherwise adversely affect our business, financial condition, results of operations and growth prospects.
- We must export our products in compliance with U.S. export controls, and we may not always be successful in obtaining necessary export licenses.
- We are subject to anti-corruption and anti-bribery laws and anti-money laundering laws and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
- We could be subject to additional income tax liabilities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NVTS | Navitas Semiconductor Corporati | USD 8.44 | ▼ 0.65% |
| POWI | Power Integrations, Inc. | USD 46.52 | ▼ 1.27% |
| DIOD | Diodes Incorporated | USD 81.8 | ▲ 0.2% |
| VSH | Vishay Intertechnology, Inc. | USD 27.14 | ▲ 0.41% |
| SYNA | Synaptics Incorporated | USD 117.37 | ▲ 0.28% |
| PI | Impinj, Inc. | USD 161.22 | ▼ 0.91% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:20 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt