nLIGHT Q2 Revenue Jumps 34% to $82.6M, But Supply-Chain Snarls Cloud Outlook
LASR has more than doubled off its 52-week low of $19.83.
Summary
nLIGHT posted strong Q2 results with 34% revenue growth and improving margins, but flagged supply-chain disruptions from China that threaten future performance. CEO and directors also adopted plans to sell up to 1.18 million shares.
Key Events · Earnings and Guidance · LASR
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Record Q2 Revenue
Revenue of $82.6 million, up 34% YoY, driven by aerospace and defense. Six-month revenue reached $162.8 million, up 44%.
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Margin Expansion
Gross margin improved to 31.1% from 29.9% a year ago. Net loss narrowed to $1.3 million from $3.6 million.
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Strong Balance Sheet
Cash and equivalents of $295.8 million after $191.3 million net proceeds from February 2026 public offering. $20 million line of credit repaid; $40 million facility undrawn.
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Supply-Chain Warning
New Chinese customs requirements are delaying shipments and could materially hurt future revenue and profitability.
Analysis · LASR · Manufacturing
Record quarterly revenue of $82.6 million, a 34% year-over-year surge, was fueled by booming aerospace and defense demand. Gross margins expanded to 31.1% from 29.9%, and the net loss shrank to $1.3 million from $3.6 million a year ago. The balance sheet is flush with $295.8 million in cash following a $191.3 million equity raise in February, and the company repaid its $20 million line of credit. However, management warns that new Chinese customs requirements are delaying shipments and could materially hurt revenue and profitability in coming quarters. Separately, the CEO and four directors adopted 10b5-1 trading plans covering up to 1.18 million shares, adding to an already heavy insider selling pattern.
At the time of this filing, LASR was trading at $59.99 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $19.83 to $86.95. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.