nLIGHT posted record second-quarter 2026 revenue of $82.6 million, up 33.8% year‑over‑year, driven by strength in defense and advanced manufacturing markets. GAAP net loss narrowed to $1.3 million while Adjusted EBITDA was $10.7 million and non‑GAAP net income was $9.6 million. The company provided Q3 2026 revenue guidance of $63 million to $73 million and noted supply chain-related shipments deferred to later quarters.

Financial Highlights

  • Revenue: $82,591 thousand for the three months ended June 30, 2026, up 33.8% from $61,735 thousand in Q2 2025.
  • Gross profit: $25,725 thousand for Q2 2026; GAAP gross margin 31.1% (Q2 2025: 29.9%).
  • Loss from operations: $(3,567) thousand for Q2 2026 (operating margin (4.4)%).
  • Net loss (GAAP): $(1,339) thousand for Q2 2026, or $(0.02) per diluted share; Non‑GAAP net income: $9,624 thousand, or $0.17 per diluted share (basic).
  • Adjusted EBITDA: $10,731 thousand for Q2 2026 (compared with $5,550 thousand in Q2 2025).

Business Highlights

  • Record quarterly Products revenue of $59.4 million and Development revenue of $23.2 million, reflecting continued demand in aerospace and defense and growth across industrial and microfabrication end markets.
  • Aerospace and defense revenue contributed $57.3 million in Q2 2026, up materially year‑over‑year, supporting expansion in directed energy opportunities including participation in a Joint Laser Weapon Systems contract referenced in the release.
  • Company emphasized expanding pipeline in directed energy, laser sensing, and advanced manufacturing programs, providing a broad base of new and existing programs for long‑term growth.
  • Operational impact from supply chain challenges: Q3 2026 guidance excludes approximately $17 million of product revenue expected to be shipped in a later quarter due to supply constraints.
  • Significant increase in cash position driven by a public offering in H1 2026, supporting liquidity and funding for operations and growth initiatives (cash and cash equivalents $295.8 million as of June 30, 2026).

Original SEC Filing:

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