--- title: "nLight | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 80.18 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285753925.md" datetime: "2026-05-08T16:23:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285753925.md) - [en](https://longbridge.com/en/news/285753925.md) - [zh-HK](https://longbridge.com/zh-HK/news/285753925.md) --- # nLight | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 80.18 M Revenue: As of FY2026 Q1, the actual value is USD 80.18 M, beating the estimate of USD 72.14 M. EPS: As of FY2026 Q1, the actual value is USD 0.01, beating the estimate of USD -0.12. EBIT: As of FY2026 Q1, the actual value is USD -1.981 M. nLIGHT, Inc. reported total revenue of $80.181 million for the three months ended March 31, 2026, an increase from $51.668 million in the same period of 2025, primarily driven by increased product and development revenue from the Aerospace and Defense end market. #### Segment Revenue - **Laser Products:** Revenue increased to $58.202 million in Q1 2026 from $35.678 million in Q1 2025, due to increased unit sales across all end markets. - **Advanced Development:** Revenue grew to $21.979 million in Q1 2026 from $15.990 million in Q1 2025, driven by progress on existing research and development contracts. #### Revenue by End Market - **Aerospace and Defense:** Revenue was $55.127 million (68.8% of total revenue) in Q1 2026 compared to $32.706 million (63.3% of total revenue) in Q1 2025. - **Microfabrication:** Revenue was $13.029 million (16.2% of total revenue) in Q1 2026 compared to $10.106 million (19.6% of total revenue) in Q1 2025. - **Industrial:** Revenue was $12.025 million (15.0% of total revenue) in Q1 2026 compared to $8.856 million (17.1% of total revenue) in Q1 2025. #### Revenue by Geographic Region - **North America:** Revenue was $59.255 million (73.9% of total revenue) in Q1 2026 compared to $36.085 million (69.8% of total revenue) in Q1 2025. - **Asia Pacific:** Revenue was $11.872 million (14.8% of total revenue) in Q1 2026 compared to $9.128 million (17.7% of total revenue) in Q1 2025. - **EMEA:** Revenue was $9.054 million (11.3% of total revenue) in Q1 2026 compared to $6.455 million (12.5% of total revenue) in Q1 2025. #### Operational Metrics - **Net Income (Loss):** nLIGHT, Inc. reported net income of $0.645 million for Q1 2026, a significant improvement from a net loss of -$8.093 million in Q1 2025. - **Gross Profit:** Total gross profit was $26.513 million in Q1 2026, up from $13.799 million in Q1 2025. - **Gross Margin:** The overall gross margin improved to 33.1% in Q1 2026 from 26.7% in Q1 2025. - **Laser Products Gross Margin:** Increased to 43.6% in Q1 2026 from 33.5% in Q1 2025. - **Advanced Development Gross Margin:** Decreased to 5.1% in Q1 2026 from 11.5% in Q1 2025. - **Loss from Operations:** Improved to -$0.719 million in Q1 2026 from -$9.610 million in Q1 2025. - **Operating Expenses:** Total operating expenses were $27.232 million in Q1 2026, up from $23.409 million in Q1 2025. - **Research and Development (R&D):** Increased to $11.846 million in Q1 2026 from $11.374 million in Q1 2025. - **Sales, General, and Administrative (SG&A):** Increased to $15.091 million in Q1 2026 from $12.035 million in Q1 2025. - **Restructuring:** $0.295 million in Q1 2026, compared to $0 million in Q1 2025, attributable to the Laser Products segment. - **Interest Income:** Decreased to $1.562 million in Q1 2026 from $1.688 million in Q1 2025. - **Interest Expense:** Increased to -$0.300 million in Q1 2026 from -$0.048 million in Q1 2025. - **Other Income, net:** Increased to $0.155 million in Q1 2026 from $0.014 million in Q1 2025. - **Income Tax Expense:** Decreased to $0.053 million in Q1 2026 from $0.137 million in Q1 2025. - **Stock-Based Compensation Expense:** Total stock-based compensation expense was $10.886 million in Q1 2026, up from $6.056 million in Q1 2025. #### Cash Flow - **Net Cash Provided by (Used in) Operating Activities:** $9.683 million provided in Q1 2026, compared to -$0.020 million used in Q1 2025. - **Net Cash Used in Investing Activities:** -$1.368 million in Q1 2026, compared to -$2.433 million in Q1 2025. - **Net Cash Provided by Financing Activities:** $191.235 million in Q1 2026, compared to $18.765 million in Q1 2025. #### Liquidity and Capital Resources nLIGHT, Inc. had cash and cash equivalents and restricted cash of $298.5 million as of March 31, 2026, a substantial increase from $99.0 million at December 31, 2025. Marketable securities were $34.4 million at March 31, 2026, compared to $34.9 million at December 31, 2025. The company completed an underwritten public offering in February 2026, raising $191.3 million in net proceeds. A $40.0 million revolving line of credit had $20.0 million outstanding as of March 31, 2026, with $20.0 million available for borrowing. The company believes its existing liquidity sources will be sufficient to meet working capital and capital expenditure needs for at least the next 12 months. #### Outlook and Strategy nLIGHT, Inc. plans to continue investing heavily in the development of its semiconductor, fiber laser, directed energy, and laser-sensing technologies, targeting specific market sectors where its products offer significant benefits. 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