Earnings Releases·Nov 5, 2026, 4:27 PM ET

nLIGHT — Third Quarter 2026 Earnings Summary

Q3 2026 revenue rose 10.5% year-over-year to $73.8 million, while non-GAAP net income and adjusted EBITDA increased to $10.2 million and $11.1 million respectively, marking a 55.4% jump in EBITDA from the prior year.
Full-year 2026 revenue through September reached $236.5 million, with cash reserves growing to $279.4 million following a $192.2 million public offering and the full repayment of a $20.0 million line of credit.
Q4 2026 revenue guidance is set between $84 million and $90 million, though approximately $15 million in product revenue is excluded due to supply chain constraints and deferred to the first half of 2027.
Defense & Space remains the dominant end market, accounting for $52.5 million of Q3 revenue, as the company transitions programs from development to fielding and production while investing in manufacturing capacity.
The company reported a GAAP net loss of $7.2 million, impacted by $7.5 million in restructuring charges and $9.9 million in stock-based compensation, despite record product gross margins.