nLIGHT Q2 Revenue Jumps 34% to Record $82.6M, Beats Estimates; Q3 Guidance Light on Supply Chain Snags
LASR has more than doubled off its 52-week low of $19.45.
Summary
Record Q2 revenue of $82.6M (+34% YoY) beat estimates, but Q3 guidance fell well short of Q2 levels because supply chain delays are shifting ~$17M in product sales to future quarters.
Key Events · Earnings and Guidance · LASR
-
Q2 Revenue Beat
Revenue of $82.6M grew 34% YoY, exceeding the $78.58M consensus. Products revenue surged 45% to a record $59.4M.
-
Profitability Improves
Adjusted EBITDA reached $10.7M, up from $5.6M a year ago. Non-GAAP net income was $9.6M, or $0.17 per diluted share.
-
Q3 Guidance Misses on Supply Chain
Q3 revenue guidance of $63M–$73M implies a sequential decline of ~18% at the midpoint. Supply chain issues are delaying ~$17M in product revenue to future quarters.
-
Adjusted EBITDA Outlook
Q3 Adjusted EBITDA is expected to be $1M–$7M, down from Q2's $10.7M, reflecting the revenue shortfall and lower gross margin guidance of 24%–30%.
Analysis · LASR · Manufacturing
A standout second quarter saw revenue climb 34% year-over-year to $82.6 million, topping the $78.6 million consensus, while Adjusted EBITDA of $10.7 million also exceeded expectations. The third-quarter outlook, however, disappointed: guidance of $63–$73 million implies a sequential drop of roughly 18% at the midpoint, as supply chain disruptions push about $17 million in product shipments into later periods. Investors must now balance robust demand and improving profitability against this near-term execution stumble. Adding a note of caution, heavy insider selling in recent months has already drawn attention.
At the time of this filing, LASR was trading at $63.94 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $19.45 to $86.95. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.