nLIGHT Reports Q3 2026 Revenue Growth Driven by Defense and Space Demand
nLIGHT (LASR) reported third-quarter 2026 revenue of $73.8 million, an 11% increase year-over-year, fueled primarily by strong performance in the defense and space sectors. The company saw significant growth in development revenue, which rose 34% to $25.7 million due to progress on the HELSI-2 program and the JLWS contract. However, advanced manufacturing revenue remained flat and declined sequentially due to ongoing optical supply chain constraints. Despite these bottlenecks, nLIGHT achieved record non-GAAP product gross margins of 48.8% and reported an adjusted EBITDA of $11.1 million. While $15 million in deferred revenue remains due to supply issues, the company issued optimistic Q4 guidance with revenue expected between $84 million and $90 million. Management is currently focused on reshoring manufacturing and securing inventory to meet future demand.
Topics: adjusted EBITDA advanced manufacturing defense and space gross margin revenue growth