nLIGHT (LASR)
Builds high-power lasers and beam-control systems for defense, sensing, and advanced manufacturing.
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Sells semiconductor and programmable fiber lasers, amplifiers, and beam-control hardware for directed energy, optical sensing, industrial processing, and microfabrication. Laser Products generates product revenue, while Advanced Development earns contract revenue from government-backed research and prototyping; aerospace and defense accounts for most sales.
Designs and manufactures high-power semiconductor lasers, programmable fiber lasers, fiber amplifiers, and beam-combination and control systems for directed energy, optical sensing, microfabrication, and industrial processing. Laser Products supplies components and system-level hardware, while Advanced Development performs government-backed research, design, and prototyping for next-generation defense lasers.
Vertical integration spans semiconductor laser chips, optical fiber, packaging, testing, and system engineering, supporting rapid product development and customer-specific performance. Manufacturing is concentrated in the United States, with additional operations in Finland and a contract manufacturer in Thailand; sales and service extend across Europe and Asia.
Aerospace and defense anchors the business, alongside industrial and microfabrication demand. Revenue depends on a limited group of customers, U.S. government program funding, customer qualification cycles, and single- or limited-source suppliers for selected materials and components.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 10, 2026 | UBS | Target | Target: — | Target: $90 |
| Jul 9, 2026 | Needham | Target | Target: $80 | Target: $90 |
| Jul 9, 2026 | Craig-Hallum | Reiterate | Rating: —Target: — | Target: $100 |
| May 21, 2026 | Stifel Nicolaus | Target | Target: $75 | Target: $85 |
| May 8, 2026 | Raymond James | Target | Target: $75 | Target: $100 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $295.8M · Total debt $14.8M · Total assets $517.6M · Shareholders' equity $439.9M
- Revenue
- $82.6M
- Operating income
- −$3.6M
- Net income
- −$1.3M
No dividends on record.
| Institutions | ≈ 89.62% | 50.56M shares | |
|---|---|---|---|
| 372 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.76% | 990.1K shares | |
| 12 holders · as of Sep 17, 2026 | |||
| Other | ≈ 8.62% | 4.86M shares | |
| remainder | |||
56.41M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.65% | 4.88M | as of Jun 30, 2026 |
Wasatch Advisors, Inc.Institution | 4.57% | 2.58M | filed Apr 7, 2022 |
Vanguard Capital Management LLCInstitution | 4.25% | 2.40M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.89% | 2.20M | as of Jun 30, 2026 |
Needham Investment Management LLCInstitution | 3.53% | 1.99M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Geoffrey Moore | director | −4,452 | $38.45 |
| Sep 9, 2026 | Scott H. Keeney | director, officer: President and CEO | −100,000 | $41.01 |
| Sep 8, 2026 | Scott H. Keeney | director, officer: President and CEO | −115,252 | $41.32 |
| Sep 3, 2026 | James Nias | officer: Chief Accounting Officer | −1,025 | $40.69 |
| Sep 3, 2026 | Scott H. Keeney | director, officer: President and CEO | −9,753 | $40.69 |
- IPG Photonics
Direct fiber-laser rival with expanding counter-UAS systems
- Coherent
Broad photonics peer across lasers, microfabrication, and A&D
- Lockheed Martin
Directed-energy prime competing at weapon-system level
- Lumentum
Industrial laser and photonics peer with kW fiber overlap
- MKS
Spectra-Physics laser peer in precision microfabrication
- Leonardo DRS
Defense laser-systems peer in sensing and counter-UAS
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| nLIGHT | $40.80 | −0.99% | $2.27B | — | 105.6 | 7.3 | +33.8% |
| IPG Photonics | $78.21 | +0.06% | $3.30B | 119.6 | 41.2 | 3.1 | +11.1% |
| Coherent | $309.76 | −0.13% | $62.90B | 78.2 | 33.1 | 8.8 | +33.7% |
| Lockheed Martin | $522.61 | +0.07% | $123.57B | 19.7 | 16.6 | 1.6 | +10.5% |
| Lumentum | $944.93 | −0.04% | $74.26B | — | 43.8 | 24.6 | +109.3% |
| MKS | $260.37 | 0.00% | $17.35B | 41.0 | 16.6 | 4.0 | +28.3% |
| Leonardo DRS | $37.10 | −0.13% | $10.13B | 31.6 | 27.9 | 2.7 | +10.1% |
| Median | 41.0 | 30.5 | 3.5 | +19.7% |