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Jun 30, 2025
nLIGHT Q2 2025 Earnings Report
nLIGHT, Inc. announced its second quarter 2025 results, exceeding expectations with strong revenue, gross margin, and Adjusted EBITDA, driven by record Aerospace & Defense revenue.
Key Takeaways
nLIGHT, Inc. reported a strong second quarter in 2025, with revenues reaching $61.7 million, a 22.2% increase year-over-year. The company significantly improved its GAAP net loss and achieved non-GAAP net income, primarily driven by increased demand in its Aerospace & Defense segment.
Total revenues for Q2 2025 were $61.7 million, up 22.2% from Q2 2024.
Gross margin improved to 29.9% in Q2 2025 from 23.5% in Q2 2024.
GAAP net loss significantly decreased to $3.6 million, or $0.07 per diluted share, from $11.7 million in the prior year.
Non-GAAP net income was $2.9 million, or $0.06 per diluted share, a substantial improvement from a non-GAAP net loss of $4.6 million in Q2 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of 2025, nLIGHT expects revenues to be between $62 million and $67 million, with an overall gross margin of 24% to 30% and Adjusted EBITDA between $2.0 million and $6.0 million.
Positive Outlook
- Increased aerospace and defense outlook for 2025 to growth of at least 40% year-over-year, up from prior outlook of at least 25%.
- Expected Q3 2025 revenues of $62 million to $67 million, indicating continued growth.
- Anticipated Q3 2025 Products revenue of approximately $45 million.
- Expected Q3 2025 Products gross margin in the range of 32% to 36%.
- Projected Q3 2025 Adjusted EBITDA between $2.0 million and $6.0 million.
Challenges Ahead
- Overall gross margin for Q3 2025 is expected to be 24% to 30%, which is a slight decrease from Q2 2025's 29.9%.
- Advanced Development gross margin for Q3 2025 is expected to be approximately 8%, which is relatively low.
- The company has not reconciled its outlook for Adjusted EBITDA due to the inability to reasonably calculate or predict unrealized and realized foreign exchange gains and losses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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