NLIGHT, INC. (LASR): Results of Operations and Financial Condition
NLIGHT, INC. (LASR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 nLIGHT, Inc. Announces Second Quarter 2026 Results Record revenues of $82.6 million increased 34% year-over-year Record quarterly Products revenue of $59.4 million increased 45% year-over-year CAMAS , Wash ., August 6, 2026 - nLIGHT, Inc. (Nasdaq: LASR), a leading pr
How this was made
The 30-second read
Why it matters
Traders can update near-term expectations using the provided Q3 revenue range, gross margin range, and Adjusted EBITDA range, while monitoring whether the ~$17M product revenue deferral compresses future quarters’ growth.
Market read
A fresh earnings-and-guidance disclosure with quantified Q3 ranges and an explicit supply-chain revenue deferral amount.
What to watch
Adjusted EBITDA guidance is wide ($1M-$7M) and gross margin guidance spans 24%-30%, implying meaningful uncertainty in profitability conversion even with revenue growth.
Record revenues of $82.6 million increased 34% year-over-year; record quarterly Products revenue of $59.4 million increased 45% year-over-year.
Record revenue, improved gross margin, a sharply narrower GAAP net loss, and positive Adjusted EBITDA marked the quarter, while third-quarter guidance reflects a supply-chain-related product shipment delay and lower expected revenue than the reported second-quarter level.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenueGAAP | $82,591 (in thousands) | – | 33.8% |
| Products revenueGAAP | $59,363 (in thousands) | – | 45% |
| Development revenueGAAP | $23,228 (in thousands) | – | – |
| Products cost of revenueGAAP | $34,929 (in thousands) | – | – |
| Development cost of revenueGAAP | $21,937 (in thousands) | – | – |
| Total cost of revenueGAAP | $56,866 (in thousands) | – | – |
| Gross profitGAAP | $25,725 (in thousands) | – | – |
| Gross marginGAAP | 31.1% | – | – |
| Research and development expenseGAAP | $13,130 (in thousands) | – | – |
| Sales, general, and administrative expenseGAAP | $16,162 (in thousands) | – | – |
| Total operating expensesGAAP | $29,292 (in thousands) | – | – |
| Loss from operationsGAAP | $(3,567) (in thousands) | – | 15.8% |
| Operating marginGAAP | (4.4)% | – | – |
| Interest incomeGAAP | $2,474 (in thousands) | – | – |
| Interest expenseGAAP | $(204) (in thousands) | – | – |
| Other income (expense), netGAAP | $33 (in thousands) | – | – |
| Loss before income taxesGAAP | $(1,264) (in thousands) | – | – |
| Income tax expenseGAAP | $75 (in thousands) | – | – |
| Net lossGAAP | $(1,339) (in thousands) | – | 62.7% |
| Net loss per share, basic and dilutedGAAP | $(0.02) | – | – |
| Non-GAAP net incomenon-GAAP | $9.6 million, or $0.17 per diluted share | – | – |
| Adjusted EBITDAnon-GAAP | $10,731 (in thousands) | – | NM* |
| Six-month total revenueGAAP | $162,772 (in thousands) | – | – |
| Six-month Products revenueGAAP | $117,565 (in thousands) | – | – |
| Six-month Development revenueGAAP | $45,207 (in thousands) | – | – |
| Six-month total cost of revenueGAAP | $110,534 (in thousands) | – | – |
| Six-month gross profitGAAP | $52,238 (in thousands) | – | – |
| Six-month research and development expenseGAAP | $24,976 (in thousands) | – | – |
| Six-month sales, general, and administrative expenseGAAP | $31,253 (in thousands) | – | – |
| Six-month restructuring expenseGAAP | $295 (in thousands) | – | – |
| Six-month total operating expensesGAAP | $56,524 (in thousands) | – | – |
| Six-month loss from operationsGAAP | $(4,286) (in thousands) | – | – |
| Six-month interest incomeGAAP | $4,036 (in thousands) | – | – |
| Six-month interest expenseGAAP | $(504) (in thousands) | – | – |
| Six-month other income (expense), netGAAP | $188 (in thousands) | – | – |
| Six-month loss before income taxesGAAP | $(566) (in thousands) | – | – |
| Six-month income tax expenseGAAP | $128 (in thousands) | – | – |
| Six-month net lossGAAP | $(694) (in thousands) | – | – |
| Six-month net loss per share, basic and dilutedGAAP | $(0.01) | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| ProductsContinued strength in key defense and advanced manufacturing markets. | $59,363 (in thousands) | – | 45% |
| DevelopmentNot specified. | $23,228 (in thousands) | – | – |
Third quarter of 2026 outlook
- Revenue$63 million to $73 million
- Gross margin24% to 30%
- NoteThe midpoint of $70 million includes Products revenue of approximately $43 million and Advanced Development revenue of approximately $25 million.
- NoteProducts gross margin in the range of 34% to 40%.
- NoteAdvanced Development gross margin of approximately 8%.
- NoteAdjusted EBITDA in the range of $1 million to $7 million.
- NoteGuidance excludes approximately $17 million of product revenue that was expected to ship in the third quarter but is now expected to be delivered in future quarters due to supply chain challenges.
What drove it
- Record revenues of $82.6 million were up 33.8% compared to the second quarter of 2025.
- Record quarterly Products revenue of $59.4 million increased 45% year-over-year.
- Management cited continued strength in defense and advanced manufacturing markets.
- Management said its pipeline of directed-energy opportunities continues to expand, citing the Department of War’s Joint Laser Weapon Systems contract.
- Management said laser sensing and advanced manufacturing opportunities continue to grow.
Concerns
- Third-quarter guidance excludes approximately $17 million of product revenue because of supply chain challenges.
- Third-quarter revenue guidance is $63 million to $73 million, versus reported second-quarter revenue of $82.6 million.
- Third-quarter Advanced Development gross margin is expected to be approximately 8%.
- The company reported a GAAP loss from operations of $(3,567) (in thousands) and a GAAP net loss of $(1,339) (in thousands) in the second quarter.
What to watch
- Resolution of supply chain challenges and timing of delivery for approximately $17 million of deferred product revenue.
- Execution against third-quarter Products revenue of approximately $43 million and Advanced Development revenue of approximately $25 million at the stated $70 million midpoint.
- Third-quarter Products gross margin guidance of 34% to 40% and Advanced Development gross margin guidance of approximately 8%.
- Progression of Adjusted EBITDA within the guided range of $1 million to $7 million.
- New directed energy, laser sensing, and advanced manufacturing program opportunities.
Analysis
nLIGHT reported record second-quarter revenue of $82.6 million, up 33.8% from $61.7 million in the second quarter of 2025. Products revenue was $59.4 million and was identified as a record quarterly level, increasing 45% year-over-year. Development revenue was $23.2 million. Management attributed the result to continued strength in defense and advanced manufacturing markets.
Profitability improved despite a continuing GAAP operating loss. Gross margin increased to 31.1% from 29.9%, while loss from operations narrowed to $(3,567) (in thousands) from $(4,236) (in thousands). GAAP net loss narrowed to $(1,339) (in thousands), or $(0.02) per diluted share, from $(3,591) (in thousands), or $(0.07) per diluted share. Non-GAAP net income was $9.6 million, or $0.17 per diluted share, compared with a prior-year non-GAAP net loss of $2.9 million, or $0.06 per diluted share. Adjusted EBITDA was $10,731 (in thousands), compared with $5,550 (in thousands).
Operating expenses increased year-over-year, with research and development expense at $13,130 (in thousands) and sales, general, and administrative expense at $16,162 (in thousands). Interest income of $2,474 (in thousands) supported results. For the first six months, total revenue was $162,772 (in thousands), gross profit was $52,238 (in thousands), loss from operations was $(4,286) (in thousands), and net loss was $(694) (in thousands).
Third-quarter revenue guidance is $63 million to $73 million. The company stated that its $70 million midpoint includes Products revenue of approximately $43 million and Advanced Development revenue of approximately $25 million. Supply chain challenges caused the company to exclude approximately $17 million of product revenue it otherwise expected to ship in the third quarter, with delivery now expected in future quarters.
The third-quarter margin outlook is lower than the reported second-quarter gross margin, at 24% to 30% overall. Products gross margin is expected at 34% to 40%, while Advanced Development gross margin is expected at approximately 8%. Adjusted EBITDA is expected to be $1 million to $7 million. The principal reported execution items are deferred product shipments, the low expected Advanced Development margin, and conversion of expanding directed energy, laser sensing, and advanced manufacturing opportunities into revenue.
Management, verbatim
Our second quarter results represent another strong quarter of execution for nLIGHT with total revenue, gross margin and Adjusted EBITDA at or above our expectations, driven by continued strength in our key defense and advanced manufacturing markets.
Scott Keeney, Chairman and Chief Executive Officer
Our pipeline of new opportunities in directed energy continues to expand, with the Department of War’s Joint Laser Weapon Systems contract as the latest example.
Scott Keeney, Chairman and Chief Executive Officer
Not in the filing
stated, not guessed- Prior-quarter comparisons for reported second-quarter metrics.
- Weighted-average shares used in per-share calculations, because the provided filing text is truncated after the Basic share-count label.
- Non-GAAP gross margin values and the detailed GAAP-to-non-GAAP reconciliation tables, which are referenced but not included in the provided text.
- Cash, cash equivalents, debt, operating cash flow, free cash flow, and capital expenditure figures.
- Share repurchases, dividends, and other capital-return information.
- Third-quarter operating-expense guidance.
- Third-quarter tax-rate guidance.
- Previous-quarter outlook, so no comparison of actual results with prior guidance is available.
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC 8-K (Item 2.02) with nLIGHT’s Q2 2026 results and Q3 2026 outlook, including non-GAAP metrics and a supply-chain-driven revenue exclusion.
Ticker impact
nLIGHT (LASR) reported Q2 2026 revenue of $82.6M (+33.8% YoY) and guided Q3 revenue to $63M-$73M, excluding ~$17M due to supply chain.
Near-term bias modestly positive on growth/margins, with potential volatility around the magnitude of the ~$17M revenue deferral and the ability to convert pipeline into shipments.
The filing provides both realized Q2 metrics (revenue, gross margin, net loss, Adjusted EBITDA) and a quantified Q3 revenue range plus a specific exclusion amount tied to supply chain challenges.
Market effects
Directed energy and high-power laser suppliers may see read-across from defense and advanced manufacturing demand, but supply-chain execution remains a key swing factor.
Limited to company-specific execution; no broader regional macro signal in the text.
No direct global macro or cross-border regulatory impact described beyond general supply-chain constraints.
Counterpoint
The Q3 guidance excludes ~$17M of expected product revenue, so the apparent demand strength could be offset by execution risk, not just timing.
Key entities
- issuernLIGHT, Inc.
Reports Q2 2026 financial results and provides Q3 2026 revenue, gross margin, and Adjusted EBITDA guidance.
- executiveScott Keeney
Chairman and CEO quoted on execution, pipeline expansion, and defense/direct energy opportunities.
- customer/programDepartment of War (Joint Laser Weapon Systems contract)
Cited as a pipeline example supporting directed energy opportunities.
