nLIGHT, Inc. (LASR) Stock

nLIGHT, Inc. (LASR) is a Technology stock trading at $47.18 (as of 2026-08-20), with a market capitalization of $2.72B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

nLIGHT, Inc. designs, manufactures, and sells semiconductor and fiber lasers, along with fiber amplifiers and related beam combination and control systems, for use in applications such as industrial processing, microfabrication, and aerospace and defense. It operates in Laser Products and Advanced Development and sells primarily through direct sales in the U.S., China, South Korea, and Europe, and through representatives and distributors in other regions.

Understand nLIGHT, Inc.: how it makes money

nLIGHT designs, manufactures, and sells semiconductor and fiber lasers, plus related fiber amplifiers and beam combination and control systems, for industrial, microfabrication, and aerospace and defense applications, and it earns revenue by selling those products and development work through direct sales and independent representatives and distributors across multiple regions.

The company operates with two revenue streams, Laser Products and Advanced Development, so overall profitability depends on how much Laser Products revenue can carry operating costs while Advanced Development contributes development-related revenue.

Revenue by segment (latest quarter)
Laser Products$0.1B
Advanced Development$0.0B

Business quality (Mixed): Good business description and segment structure, but operational and working-capital metrics are limited to a small set, and segment revenue totals do not perfectly match the provided total.

Bull case

  • Gross margin was 33.1% (2026-03-31 quarter), showing positive unit economics on reported sales: If the company can grow Laser Products revenue while maintaining gross margin, losses reflected in operating margin could narrow.
  • Revenue is exposed to both Laser Products and Advanced Development segments: Having both product sales and development-related revenue can diversify where demand shows up.

Bear case

  • Operating margin was -0.9% (2026-03-31 quarter), indicating operating losses: Even with positive gross margin, operating expenses outweigh gross profit in the latest quarter.
  • Working capital metrics are elevated, with DSO at 65 days and Days inventory at 152 (as provided in the KPI candidates): Longer cash collection and inventory holding can strain cash generation, especially in smaller revenue periods.
Valuation — source: SEC EDGAR (first-party)
Price$47.18
Market Cap$2.72B
Price / Book6.19
Price / Sales8.76
FCF Yield1.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$261.33M
Net Margin-9.0%
Revenue Growth (YoY)33.8%
EPS Growth (YoY)-71.4%
FCF Growth (YoY)-520.4%
Financial Health — source: SEC EDGAR
Altman Z-Score17.54 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($246.29M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOScott H. Keeney
Employees800
CountryUS
IPO Date2018-04-26

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LASR earnings history · LASR institutional & insider holders · LASR KPIs & operating metrics · LASR financials · LASR investor presentations & press releases · LASR SEC filings · LASR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.