NLIGHT INC (LASR)
Information Technology · High-power laser systems and semiconductor lasers · NASDAQ
nLIGHT designs and manufactures high-power semiconductor and fiber lasers for directed energy, laser sensing, and advanced manufacturing applications in aerospace, defense, and industrial markets.
What NLIGHT INC does
nLIGHT is a leading provider of high-power semiconductor and fiber lasers designed for mission-critical aerospace and defense, industrial manufacturing, and microfabrication applications. The company manufactures high-power semiconductor lasers, fiber lasers, fiber amplifiers, and beam combination systems, with vertical integration enabling proprietary technology development. Operations span the Laser Products segment (commercial and defense applications) and the Advanced Development segment (next-generation laser technologies and directed energy research for government agencies).
Themes: ["Directed energy / defense lasers","Laser sensing systems","High-power fiber lasers","Industrial laser manufacturing","Microfabrication lasers","Advanced beam control technology","Aerospace and defense"]
Fundamentals
- Price$74.71 as of 2026-07-09 close
- Market cap$4.2B as of 2026-07-10
- 1-year return+210.0% as of 2026-07-09 close
- Net margin-5.1% as of 2026-07-10
- Gross margin+31.3% as of 2026-07-10
- ROE-5.4% as of 2026-07-10
- Debt / equity0.05 as of 2026-07-10
- Revenue growth (YoY)+40.9% as of 2026-07-10
- Revenue CAGR (3y)+2.6% SEC XBRL
- Beta2.41 as of 2026-07-10
Key risks (from latest filing)
["Heavy dependence on aerospace and defense end market which is subject to government budgets, procurement cycles, and geopolitical factors","Strong recent revenue growth (40.91% YoY) masks underlying unprofitability (net margin -5.08%) and accumulated deficit of $347.9M, indicating path to profitability is uncertain","Highly concentrated customer base typical of defense contractors, with reliance on OEM integration and government approval for critical technologies"]
Competitors & peers
- Coherent (COHR)
- IPG Photonics (IPGP)
- Lumentum (LITE)
- II-VI (IIVI)
- Trumpf (private, German)
- Rofin-Sinar (acquired by Trumpf)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.