Filing Flows › Nlight (LASR) › Q1 2026
Nlight (LASR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Nlight (LASR) reported revenue of $80.2M for the first quarter 2026 (Q1 2026), +55% from a year earlier and -1% from the quarter before. Operating margin was -0.9%, net earnings $645K (0.8% of revenue).
Nlight, Q1 2026: revenue $80.2M (+55% year over year), operating margin -0.9%, net earnings $645K, operating cash flow $9.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.2M | -1% | +55% |
| Operating profit | −$719K | — | — |
| Net earnings | $645K | — | — |
| Operating cash flow | $9.7M | -45% | — |
| Free cash flow | $7.6M | -52% | — |
What changed
Revenue was $80.2M in Q1 2026, up 55% year over year and down 1% from the previous quarter. Aerospace and Defense was the largest line at 69% of revenue. Aerospace and Defense added $22.4M year over year (up 69%), 79% of the total change.
Gross margin was 33.1%, up 6.4 points from Q1 2025. Operating costs exceeded revenue by $719K, an operating margin of -0.9%. Operating expenses grew 16% against revenue growth of 55%. The fastest-growing cost line was SG&A (+25%). Net earnings were $645K. The effective tax rate was 7.6%. Non-operating items added $1.4M, 203% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.7M, 1501% of net earnings. Non-cash charges added back $3.2M of depreciation and $10.9M of share-based compensation. Working capital and other items used $5.0M. Capital expenditures of $2.1M left free cash flow of $7.6M.
Questions
What was Nlight's revenue in the first quarter 2026?
Nlight (LASR) reported revenue of $80.2M for the first quarter 2026 (Q1 2026), +55% from a year earlier and -1% from the quarter before.
Was Nlight profitable in the first quarter 2026?
Operating loss was $719K (-0.9% of revenue) and net earnings $645K.
Source: Nlight 10-Q on SEC EDGAR.