nLIGHT, Inc. Q2 2025 Earnings Recap

nLIGHT, Inc. reported a robust second quarter in 2025 with revenues of $61.7 million, driven by exceptional growth in aerospace and defense (A&D) revenues, which accounted for record sales amid increasing defense priorities.

Key Takeaways

• Total revenues increased 22% year-over-year, with A&D revenue surging 48.6% to a record $40.7 million due to strong directed energy product deliveries.
• Record development revenue reached $20.9 million, growing over 30% sequentially and year-over-year, signaling robust demand.
• The company anticipates continued growth in A&D revenue, projecting a 40% increase in 2025, supported by significant contracts and a growing pipeline of directed energy systems.
• Commercial revenue from industrial and microfabrication grew sequentially to $21 million, though down 9% from the prior year, reflecting strategic adjustments in investment across markets.
• nLIGHT's strategic focus on enhancing production capabilities and its alignment with U.S. Department of Defense priorities positions it advantageously for ongoing and future growth.