Key Highlights

  • nLIGHT (NASDAQ:LASR) was trading up 27.71% at USD 37.47 on Friday, November 6, 2026, the first session after the company released third-quarter 2026 results, per the screener quote.
  • Third-quarter Revenue was USD 73.8 million, up 10.5% and above the high end of guidance, while Defense and Space revenue reached USD 52.5 million, up about 15%.
  • Non-GAAP diluted Earnings were USD 0.16 per share versus USD 0.08 a year earlier, and adjusted EBITDA rose 55.4% to USD 11.1 million, although the GAAP loss was USD 0.12 per share.
  • Fourth-quarter revenue is guided to USD 84 million to USD 90 million, excluding about USD 15 million of Products revenue that Supply constraints have pushed into the first half of 2027.

Third-Quarter Beat and a Higher Fourth-Quarter Range Meet a Sharp Rally

nLIGHT (NASDAQ:LASR) was trading up 27.71% at USD 37.47 on Friday, November 6, 2026, according to the screener row. The company released its third-quarter 2026 results on November 5, 2026, so Friday was the first full session to price them in. Revenue was USD 73.8 million, up 10.5% from USD 66.7 million in the third quarter of 2025, above the high end of its own guidance range. Defense and Space revenue of USD 52.5 million rose about 15%, while Advanced Manufacturing was flat at USD 21.3 million. The chief executive said defense programs are moving from development toward fielding and production.

Margins, Cash and the Equity Raise Behind the Numbers

Profitability improved on an adjusted basis. GAAP gross Margin was 33.1% against 31.1%, and non-GAAP gross margin was 34.7%. Adjusted EBITDA of USD 11.1 million compared with USD 7.1 million a year ago, and non-GAAP Net Income was USD 10.2 million. On a GAAP basis the company still lost USD 7.2 million, or USD 0.12 a share. Cash and equivalents were USD 279.4 million at September 30, 2026, up from USD 98.7 million at the end of 2025. The release ties the jump in cash to a public offering that netted about USD 192 million, and a USD 20 million Credit line was repaid. The release does not quantify the added shares.

Supply Constraints, Guidance Detail and the Risk of a One-Day Gap

The fourth-quarter range of USD 84 million to USD 90 million has a midpoint of USD 87 million, which is about 17.9% above the third-quarter figure (calculated). The company expects about USD 63 million from Products and about USD 24 million from Advanced Development, with adjusted EBITDA of USD 12 million to USD 18 million. It said guidance excludes roughly USD 15 million of Products revenue now expected in the first half of 2027 because of supply constraints. The release does not disclose Backlog or bookings. A rally of this size after an equity raise and a continuing GAAP loss can reverse quickly. No analyst action was verified.

Where Things Stand

The jump appears to reflect the third-quarter results and the fourth-quarter outlook released on November 5, 2026. nLIGHT (NASDAQ:LASR) beat its own revenue guidance, grew Defense and Space sales about 15%, doubled non-GAAP Earnings Per Share and raised substantial equity. The counterweights are a continuing GAAP loss, USD 15 million of revenue deferred into 2027 by supply limits, and the dilution from the offering. Next markers are fourth-quarter delivery against the guided range and any disclosure on bookings.