nLight

LASR

Technology Semiconductors

nLight’s revenue for fiscal 2025 (year ended December 2025) was $261.3 million, up 31.6% from fiscal 2024.

Revenue
+10.5%
EPS
+14.3%
Free cash flow
−817.2%
Total debt
−88.2%

Quarter to September 2026, against a year earlier

41.54 1.52 −3.53%
Market cap
$2.5B
P/E
n/m
Fwd P/E
n/m
Dividend yield
—
F-score
6/9
ROIC
−8.99%
Net debt / EBITDA
10.9×
Dividend safety
n/a

nLight (LASR) Gross margin

Alert me on Gross margin

nLight's gross margin over the twelve months to 30 September 2026 was 32.0%, up 2.2 percentage points from fiscal 2025 (29.8%). Over the past ten years it has ranged from 16.6% (fiscal 2024) to 35.0% (fiscal 2018); the current reading is higher than 80% of that period. That is below the Semiconductors industry median of 52.1% and below the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 29.8% 13.20
FY2024 16.6% (5.34)
FY2023 22.0% 0.97
FY2022 21.0% (7.62)
FY2021 28.6% 1.97
FY2020 26.7% (2.98)
FY2019 29.6% (5.36)
FY2018 35.0% 3.04
FY2017 32.0% 9.09
FY2016 22.9% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 33.1% 1.97
Jun 2026 31.2% (1.92)
Mar 2026 33.1% 2.33
Dec 2025 30.7% (0.35)
35 more quarters

Against its own ten years

Low 16.6% High 35.0%
Ten-year median 27.6%
Current reading's percentile 81

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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