NASDAQ · LASR
nLIGHT, Inc.
Technology · Semiconductors
$36.34▲ 0.66% ($0.24)at close
After hours$36.98▲ 1.76%7:52 PM ET
Market cap
$2.10B
P/E
N/M
EPS (TTM)
-$0.22
Valuation
Revenue & margin DCF
A cash-flow estimate wouldn't be reliable here
7 of 10 projected years produce negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.
- 10-yr revenue CAGR
- 5.9%
- Ending operating margin
- 0.6%
- Discount rate
- 14.9%
USD · TTM ending Jun 30, 2026 · Price used $36.34 · Price Oct 23, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 12.96% over the last year. Revenue grew 43.24% over the trailing twelve months. Operating margin moved from -24.01% to -5.37%. Free cash flow grew 349.33% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (91st percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -5.37% — continued expansion would be needed to justify the premium. Revenue growth of 43.24% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
nLIGHT, Inc. specializes in the development, production, and sale of advanced semiconductor and fiber lasers.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
12
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 5, 2026
Q3 FY26 · EPS est $0.05 · Revenue est $68.2M
Same quarter, year over year
FY26 YTD n/mEach cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $0.35 vs $0.02 · all 2 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
—
FY25
FY24
FY23
—
—
—
Fiscal year totals
- FY25
- $0.24
- n/m
- FY24
- -$0.65
- —
n/m: last year’s figure was zero, a loss or too small to compare against
Q2 FY26
Reported Aug 6, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.15
Estimate
$0.14
Year over year
+150.0%
Vs prior quarter
-25.0%
Institutional Sentiment
nLIGHT, Inc. · LASR
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.