NLIGHT, INC.
In the published model solve dated 2026-Q2, anchored at $58.83, NLIGHT, INC. (LASR) is priced for today's economics sustained for ~25.7 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• nLIGHT has shifted from a commodity industrial-laser supplier into a directed-energy defense contractor: aerospace and defense is now roughly two thirds of the business, and the 10-K describes lasers ⟦"used today in a variety of aerospace and"⟧ defense applications as the growth engine. • The company still loses money on a trailing basis, with operating income negative and a share count compounding around 8% a year, so the equity is being valued on a future it has not yet earned rather than on
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316 institutional managers reported holding LASR in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 34%. 97 opened new positions that quarter. Held by Vanguard Group, BlackRock, Geode Capital, among others. On the short side, 2.5M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
LASR's share count grew 27.9% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at LASR over the trailing three years: 2025: 1 buy totaling $10k. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
LASR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -12.4% | -16.1% |
| 2023-11-04 | +9.7% | +38.9% |
| 2024-02-27 | -11.9% | -13.4% |
| 2024-05-04 | +6.9% | -9.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
LASR's latest 8-K filings: 2026-06-08 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-02-26 (items 2.02, 9.01); 2026-02-04 (items 8.01, 9.01); 2026-01-13 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.