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Sep 30, 2025
nLIGHT Q3 2025 Earnings Report
nLIGHT reported solid third quarter 2025 results, driven by record revenue from Aerospace & Defense markets and improved gross margin.
Key Takeaways
nLIGHT, Inc. announced strong financial results for the third quarter of 2025, with total revenues reaching $66.7 million, an 18.9% increase year-over-year. The company achieved a gross margin of 31.1% and reported a GAAP net loss of $6.9 million, or $0.14 per diluted share. Non-GAAP net income was $4.3 million, or $0.09 per diluted share, a significant improvement from a non-GAAP net loss in the prior year.
Total revenues for Q3 2025 increased by 18.9% year-over-year to $66.7 million.
Gross margin expanded to 31.1% in Q3 2025, up from 22.4% in Q3 2024.
Aerospace & Defense revenue achieved a third consecutive record quarter, reaching $45.6 million.
Adjusted EBITDA significantly improved to $7.1 million in Q3 2025, compared to a loss of $0.994 million in Q3 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2025, nLIGHT anticipates revenues between $72 million and $78 million, with an overall gross margin of 27% to 32% and Adjusted EBITDA in the range of $6 million to $11 million.
Positive Outlook
- Expected sequential Aerospace & Defense revenue growth in Q4 2025.
- Full year 2025 A&D revenue growth expected to exceed prior outlook of at least 40% year-over-year.
- Midpoint of Q4 2025 revenue guidance is $75 million, indicating continued growth.
- Products revenue is projected to be approximately $55 million in Q4 2025.
- Products gross margin is expected to be strong, in the range of 34% to 39% for Q4 2025.
Challenges Ahead
- Overall gross margin for Q4 2025 is projected to be slightly lower than Q3 2025, ranging from 27% to 32%.
- Advanced Development gross margin is expected to be approximately 8% in Q4 2025, which is relatively low.
- Unrealized and realized foreign exchange gains and losses cannot be reasonably calculated or predicted for Adjusted EBITDA outlook.
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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