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Nlight vs indie Semiconductor: LASR and INDI compared
Nlight is the larger company: $73.8M of revenue in its latest quarter (Q3 2026) against $70.2M for indie Semiconductor (Q3 2026). indie Semiconductor is growing faster (+31% against +10% a year earlier). Nlight is more profitable, with an operating margin of -12.5% against -55.5%.
Where the money goes: LASR and INDI
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.
indie Semiconductor (INDI) · Q3 2026
indie Semiconductor, Q3 2026: revenue $70.2M (+31% year over year), operating margin -55.5%, net loss $39.9M, operating cash flow −$22.4M. The chart follows the revenue to costs, profit and cash.
| Nlight (LASR) | indie Semiconductor (INDI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $73.8M | $70.2M |
| Revenue growth, Y/Y | +10% | +31% |
| Operating margin | -12.5% | -55.5% |
| Net earnings | −$7.2M | −$39.9M |
| Net margin | -9.7% | -56.8% |
| Operating cash flow | −$13.1M | −$22.4M |
Where the revenue comes from
Nlight
- Products: $48.0M (65%)
- Development: $25.7M (35%)
indie Semiconductor
- Product: $67.5M (96%)
- Service: $2.8M (4%)
Questions
Which is bigger, Nlight or indie Semiconductor?
Nlight is the larger company: $73.8M of revenue in its latest quarter (Q3 2026) against $70.2M for indie Semiconductor (Q3 2026).
Is Nlight or indie Semiconductor growing faster?
indie Semiconductor is growing faster (+31% against +10% a year earlier).
Which is more profitable, Nlight or indie Semiconductor?
Nlight is more profitable, with an operating margin of -12.5% against -55.5%.
More: Nlight earnings · how Nlight makes money · indie Semiconductor earnings · how indie Semiconductor makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.