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Nlight vs AXT: LASR and AXTI compared
Nlight is the larger company: $73.8M of revenue in its latest quarter (Q3 2026) against $73.4M for AXT (Q3 2026). AXT is growing faster (+163% against +10% a year earlier). AXT is more profitable, with an operating margin of 38.7% against -12.5%.
Where the money goes: LASR and AXTI
Nlight (LASR) · Q3 2026
Nlight, Q3 2026: revenue $73.8M (+10% year over year), operating margin -12.5%, net loss $7.2M, operating cash flow −$13.1M. The chart follows the revenue to costs, profit and cash.
AXT (AXTI) · Q3 2026
AXT, Q3 2026: revenue $73.4M (+163% year over year), operating margin 38.7%, net earnings $25.7M. The chart follows the revenue to costs, profit and cash.
| Nlight (LASR) | AXT (AXTI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $73.8M | $73.4M |
| Revenue growth, Y/Y | +10% | +163% |
| Gross margin | — | 56.0% |
| Operating margin | -12.5% | 38.7% |
| Net earnings | −$7.2M | $25.7M |
| Net margin | -9.7% | 35.0% |
| Operating cash flow | −$13.1M | — |
Where the revenue comes from
Nlight
- Products: $48.0M (65%)
- Development: $25.7M (35%)
Questions
Which is bigger, Nlight or AXT?
Nlight is the larger company: $73.8M of revenue in its latest quarter (Q3 2026) against $73.4M for AXT (Q3 2026).
Is Nlight or AXT growing faster?
AXT is growing faster (+163% against +10% a year earlier).
Which is more profitable, Nlight or AXT?
AXT is more profitable, with an operating margin of 38.7% against -12.5%.
More: Nlight earnings · how Nlight makes money · AXT earnings · how AXT makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 8-K filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.