NASDAQ: LASR
nLIGHT, Inc.
Technology · Semiconductors
Market Cap
$4.59B
52w High
$86.95
52w Low
$14.91
P/E
-299.06
Volume
890.69K
Outstanding Shares
56.41M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 425.78% over the last year. Revenue grew 40.91% over the trailing twelve months. Operating margin moved from -29.43% to -5.99%. Free cash flow grew 198.92% 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 (100th 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 -5.99% — continued expansion would be needed to justify the premium. Revenue growth of 40.91% 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.
Company profile
nLIGHT, Inc. designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications.
Valuation
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
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $0.14 · Revenue est $78.58M
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