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EarningsQ2 2026 Earnings Report
LASR Q2 2026 EPS Results
Actual EPS$0.15
Consensus EPS$0.14
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.06
LASR Q2 2026 Revenue Results
Actual Revenue$82.59M
Expected Revenue$78.58M
Beat/MissBeat by +$4.01M
YoY Revenue Growth+33.78%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeAfter Close
Conference CallThursday, August 6, 2026
LASR Upcoming Earnings
nLIGHT's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
LASR Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record revenue (+34% YoY), record products revenue (+45% YoY), robust A&D growth (+41% YoY; A&D product revenue +72% YoY), improved year-over-year gross margins, solid adjusted EBITDA and record cash flow, and a strategic multiyear JLWS contract (ceiling ~ $607M) that should ramp in 2027. Offsetting these positives are near-term headwinds from recent supply chain restrictions in China that are expected to defer roughly $17M of product shipments into future quarters, widen guidance, and pressure Q3 margins and EBITDA; development margins are volatile and GAAP expenses rose due to stock-based compensation. Overall, the company appears fundamentally strong with significant program wins and cash resources, but faces a discrete, possibly transitory supply constraint that creates short-term execution risk into Q3 and potentially Q4.Company Guidance
Record Quarterly Revenue
Total revenue of $82.6M in Q2 2026, a record quarter and a 34% increase year-over-year.
Record Products Revenue and Strong Product Growth
Record products revenue of ~$59M (CEO figure) that grew 45% year-over-year; product revenue mix and higher production volumes drove improved product margins.
Aerospace & Defense Momentum
A&D revenue of $57.3M, up 41% year-over-year, with A&D product revenue up 72% year-over-year driven by HELSI-2, munitions programs and directed energy programs.
Adjusted EBITDA and Non-GAAP Profitability
Adjusted EBITDA of $10.7M in Q2 2026, up from $5.6M in Q2 2025; non-GAAP net income of $9.6M ($0.15 per diluted share) versus $2.9M ($0.06) in Q2 2025.
Strong Cash Generation and Balance Sheet
Record cash from operations of $20.7M in the quarter; total cash, cash equivalents, restricted cash and investments of $330.8M; repaid $20M drawn on credit line.
Gross Margin Improvement Year-over-Year
Total GAAP gross margin improved to 31.1% versus 29.9% in Q2 2025; products gross margin improved to 41.2% from 38.5% year-over-year (non-GAAP products gross margin 42.4% vs 40%).
Strategic Contract Win — JLWS
Awarded Department of War Joint Laser Weapon System (JLWS) multiyear agreement with contract ceiling reported ~ $607M for nLIGHT; JLWS will begin contributing in late 2026 and is expected to ramp in 2027, complementing HELSI work.
Progress on High-Power Programs
Steady progress on HELSI-2 1-megawatt CBC laser, HELCAP integration with 300 kW CBC, and continued system-level positioning for directed energy (HADES family scalability to 1 MW).
LASR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed