nLIGHT, Inc. (LASR) Earnings Call Transcripts

nLIGHT, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal 2026, nLIGHT, Inc. reported total revenue of $80 million, a significant 55% increase year-over-year, driven primarily by aerospace and defense revenue growth of 69%. The company achieved a record adjusted EBITDA of $14 million and product gross margins of 44%, reflecting operational efficiencies and strong demand in the Directed Energy market. Management raised guidance for Q2 2026, expecting revenue between $75 million and $81 million, signaling confidence in continued growth despite a slight sequential decline from Q1.

Reported metrics

Guidance from management

Management expects Q2 2026 revenue to range from $75 million to $81 million, with adjusted EBITDA projected between $8 million and $12 million. This guidance reflects confidence in continued growth, particularly in the A&D markets.

What management said

Well, I'd like to predict how Congress will work this year, but I've got enough experience to know that there are error bars around that. The budget numbers that we provided were the President's budget request, and that will work its way through the appropriations process in the coming quarters. We should have more insights this fall, but those -- that can be delayed. I think more specifically, there are opportuniti...

Short answer, Troy, is we are not capacity constrained today. We've really done a great job of improving both the capacity on the lasers that we're building, as well as the efficiency with which we are building those lasers. We've talked about what we were adding in long months. So today, capacity really is not an issue. What we need to continue to break through that $80 million threshold is demand signals from our c...

What analysts pressed on

Analysts expressed concerns about the sustainability of development revenue growth following a 16% quarter-over-quarter decline. Additionally, there were questions regarding the timing of budget approvals for Directed Energy programs and the potential impact on future revenue streams.

Main topics on the call

• Record Revenue and EBITDA — nLIGHT reported first quarter revenue of $80 million, up 55% year-over-year, with adjusted EBITDA reaching a record $14 million. CEO Scott Keeney stated, "Q1 represented an exceptional quarter for nLIGHT with total reven...
• Aerospace and Defense Growth — Aerospace and Defense revenue was a standout, totaling $55 million, which grew 69% year-over-year. This segment's growth was attributed to record A&D products revenue, which increased by 98% year-over-year, highlighting ...
• Guidance Update — Management raised guidance for Q2 2026, projecting revenue between $75 million and $81 million, with a midpoint of $78 million. This includes expectations of sequential growth from A&D markets, indicating confidence in c...
• Directed Energy Market Focus — Management emphasized the strategic importance of the Directed Energy market, citing nearly $400 million budgeted for Directed Energy prototypes and procurement in 2027 and 2028. Scott Keeney noted, "We continue to belie...

Read the full nLIGHT, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 nLIGHT, Inc. earnings call transcripts on record, spanning February 19, 2020 to August 6, 2026. Based on this history, nLIGHT, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LASR

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

28

First call

February 19, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly