What To Expect From nLIGHT’s (LASR) Q1 Earnings

Laser company nLIGHT (NASDAQ:LASR) will be reporting results this Thursday afternoon. Here’s what to look for.

nLIGHT missed analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $47.38 million, down 8.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.

Is nLIGHT a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting nLIGHT’s revenue to grow 6.3% year on year to $47.34 million, a reversal from the 17.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. nLIGHT has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.9% on average.

Looking at nLIGHT’s peers in the electronic components segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 18.9%, beating analysts’ expectations by 1.6%, and Advanced Energy reported revenues up 23.6%, topping estimates by 3.7%. Bel Fuse traded up 3.4% following the results while Advanced Energy was also up 11%.

Read our full analysis of Bel Fuse’s results here and Advanced Energy’s results here.

There has been positive sentiment among investors in the electronic components segment, with share prices up 10.9% on average over the last month. nLIGHT is up 8.8% during the same time and is heading into earnings with an average analyst price target of $14.33 (compared to the current share price of $7.51).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.