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This presentation contains nLIGHT, Inc. proprietary information. No part of it may be circulated, quoted, or reproduced for distribution without prior written approval from nLIGHT, Inc. Earnings Presentation Q2 2025 August 7, 2025
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2 Certain statements in this presentation are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Words such as “outlook,” “guidance,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “anticipates,” and similar expressions may identify these forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding expected revenues, gross margin, and Adjusted EBITDA, and our business strategy, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements, including but not limited to our ability to compete successfully in the markets for our products; changes in the markets we serve or in the global economy; our ability to increase our volumes and decrease our costs to offset potential declines in the average selling prices of our products; rapid technological changes in the markets that we participate in; our ability to develop and maintain products that can achieve market acceptance; our ability to generate sufficient revenues to achieve or maintain profitability in the future; our high levels of fixed costs and inventory and their effect on our gross profits and results of operations if demand for our products declines or we maintain excess inventory levels; our ability to manage growth and spending during economic downturns; our manufacturing capacity and operations and their suitability for future levels of demand; our reliance on third parties to manufacture certain of our products and product components; our reliance on a small number of customers for a significant portion of our revenues; our ability to manage risks associated with international customers and operations; the effect of government export and import controls on our ability to compete in international markets; our ability to protect our proprietary technology and intellectual property rights; fluctuations in our quarterly results of operations and other operating measures; and the effect on our business of claims, lawsuits, government investigations, other legal or regulatory proceedings, or commercial or contractual disputes that we are or may become involved in. Additional information concerning these and other factors can be found in nLIGHT's filings with the Securities and Exchange Commission (the “SEC”), including other risks, relevant factors and uncertainties identified in the “Risk Factors” section of nLIGHT's most recent Annual Report on Form 10-K and subsequent filings with the SEC. nLIGHT undertakes no obligation to update publicly or revise any forward-looking statements contained herein to reflect future events or developments, except as required by law. This presentation includes certain non-GAAP financial measures as defined by the SEC rules, including non-GAAP operating expense, Adjusted EBITDA, non-GAAP net income (loss) and non- GAAP net income (loss) per share (basic and diluted). These non-GAAP financial measures are provided in addition to, and not as a substitute for or superior to measures of financial performance prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non- GAAP financial measures as tools for comparison. As required by Regulation G, we have provided a reconciliation of those measures to the most directly comparable GAAP measures, which is available in the appendix. This presentation may also contain estimates, projections and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry and our business. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the accuracy and completeness of the information obtained by third parties included in this presentation. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products, solutions and services of nLIGHT, Inc. Safe Harbor Statement
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3 Second Quarter 2025 | Key Messages Execution Drives Upside Q2’25 Revenue, Gross Margin and Adj. EBITDA all outperformed expectations Record Quarter for A&D Q2’25 Aerospace & Defense revenue increased 49% year-over-year driven by record product and development revenue Strength in Directed Energy Execution against existing programs driving near-term product growth while pipeline of new opportunities continues to build Raising 2025 A&D Outlook Increasing our 2025 A&D revenue growth outlook to at least 40% year-over-year, up from our prior 25%
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4 • Q2 revenue above the high-end of guidance – $61.7M of total revenue | +22% year-over-year, +19% quarter-over-quarter – Record quarterly A&D revenue of $40.7 million | +49% year-over-year, +24% quarter-over-quarter • Record A&D product revenue of $19.8 million | +75% year-over-year, +18% quarter-over-quarter • Record development revenue of $20.9 million | +30% year-over-year, +31% quarter-over-quarter • Gross margins & Adjusted EBITDA above high-end of guidance – 29.9% total Gross margins | 38.5% products gross margin driven by higher volumes, better mix – Adjusted EBITDA | $5.6 million driven by better revenue, higher margins and OpEx discipline • Strong balance sheet with $114M of cash and marketable securities – Solid working capital improvements • Strong growth in aerospace & defense; modest upside in commercial – A&D | record revenue in A&D products and development driven by solid execution in Directed Energy – Microfabrication | Q/Q improvement as contract manufacturing partner shipped some pent up demand – Industrial | Demand environment remains challenging, but did see some Q/Q growth in additive Q2 2025 Summary | Strong Execution Drives Upside
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5 46% 38% 52% 49% 54% 54% 64% 63% 66% 31% 39% 29% 27% 26% 21% 19% 17% 16% 23% 24% 20% 24% 20% 25% 17% 20% 18%$53 $51 $52 $45 $51 $56 $47 $52 $62 $0 $10 $20 $30 $40 $50 $60 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2024 2025 Revenue by Market | A&D Driving Growth Percentages may not total to 100 due to rounding Q2 ’25 Total Revenue • $61.7 million • +22% y/y • +19% q/q Q2 ’25 A&D Revenue • $40.7 million • +49% y/y • +24% q/q Q2 ’25 Industrial Revenue • $9.7 million • -25% y/y • +10% q/q Q2 ’25 Microfab Revenue • $11.3 million • +11% y/y • +12% q/q Quarterly Revenue $ Millions
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Q2 2025 Financial Update
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7 Q2 2025 Summary Financial Results | Solid Execution Drives Upside • Q2 ’25 Revenue grew 22% Y/Y • Product revenue +18% Y/Y • Development revenue +30% Y/Y • Gross Margin upside • Manufacturing efficiencies • Better mix • Development margin better • Adj. EBITDA ahead of forecast • Higher revenue • Better gross margin • Lower operating expenses * See Appendix for reconciliation to most directly comparable GAAP measure Q2 2025 Q2 2024 Q1 2025 Total Revenue ($ in millions) $61.7 $50.5 $51.7 Products Revenue $40.8 $34.5 $35.7 Development Revenue $20.9 $16.1 $16.0 Total Gross Margin 29.9% 23.5% 26.7% Products Gross Margin 38.5% 30.3% 33.5% Development Gross Margin 13.1% 8.7% 11.5% Net Income (Loss) ($3.6) ($11.6) ($8.1) Non-GAAP Net Income (Loss)* $2.9 ($6.1) ($1.9) Net Income (Loss) per Share (diluted) ($0.07) ($0.25) ($0.16) Non-GAAP Net Income (Loss) per Share (diluted)* $0.06 ($0.13) ($0.04) Adjusted EBITDA* $5.6 ($2.9) $0.1 Cash and investments $113.7 $114.6 $117.0 Cash Flow from (used in) Operations ($1.4) ($4.2) ($0.0) Capital Expenditures ($2.4) ($2.1) ($2.3)
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8 Gross Margin | Product Gross Margin Trends Product Revenue & Gross Margin – Quarterly $ Millions; % of Revenue $39.6 $38.1 $37.9 $41.1 $34.5 $41.1 $31.7 $35.7 $40.8 28.6% 23.8% 22.0% 20.9% 30.3% 28.8% 0.7% 38.5% 0% 5% 10% 15% 20% 25% 30% 35% 40% $0 $10 $20 $30 $40 $50 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2024 2025 Products GM %
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9 Note: Excluding stock-based compensation expense, amortization of purchased intangibles and acquisition and integration-related costs. See Appendix for a reconciliation to GAAP operating expenses. Operating Expenses | R&D and SG&A 8.8 7.7 9.5 8.9 9.4 9.1 9.6 9.4 9.0 7.8 8.2 7.9 8.3 8.6 9.2 8.2 8.3 7.7 $16.6 $16.0 $17.4 $17.2 $18.0 $18.3 $17.7 $17.8 $16.8 0% 10% 20% 30% 40% 50% $0 $5 $10 $15 $20 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2024 2025 Operating Expenses (Non-GAAP) $ Millions; % of Revenue
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10 Strong Balance Sheet and Working Capital Management $65 $62 $53 $53 $52 $49 $41 $44 $48 143 140 123 128 123 104 87 101 96 0 20 40 60 80 100 120 140 160 180 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Inventory ($M) and Days of Inventory (DOI) Inventory DOI $46 $36 $40 $28 $32 $40 $35 $37 $44 70 73 65 68 53 58 71 62 59 0 15 30 45 60 75 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Accounts Receivable ($M) and Days Sales Outstanding (DSO) Accounts Receivable DSO $102 $112 $113 $121 $115 $107 $101 $117 $114 $0 $25 $50 $75 $100 $125 $150 Q2'23 Q4'23 Q2'24 Q4'24 Q2'25 Cash and Investments ($M) Cash, Cash Equivalents and Marketable Securities
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11 Outlook | Q3 2025 * We have not reconciled our outlook for Adjusted EBITDA because unrealized and realized foreign exchange gains and losses cannot be reasonably calculated or predicted nor can the probable significance be determined at this time. Accordingly, a reconciliation is not available without unreasonable effort. • Q3 2025 Revenues of $62 million to $67 million; midpoint of $64.5 million – Products: ~$45 million at midpoint • A&D revenue up sequentially, Commercial revenue down sequentially – Advanced Development: ~$19 million at midpoint • Q3 2025 Gross Margin of 24% to 30% – Products: 32% to 36% – Advanced Development: ~8% • Q3 2025 Adjusted EBITDA of $2.0 million to $6.0 million
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Appendix
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14 Supplemental Information | Revenue & Gross Margin nLight, Inc. 2022 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Totals Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Total Revenue: Products $ 51,061 $ 48,180 $ 48,042 $ 45,375 $ 192,658 $ 41,107 $ 39,592 $ 38,103 $ 37,864 $ 156,666 $ 29,370 $ 34,458 $ 41,132 $ 31,699 $ 136,659 $ 35,678 $ 40,824 $ 76,502 Development 13,398 12,647 12,051 11,304 49,400 12,984 13,712 12,531 14,028 53,255 15,157 16,053 14,997 15,682 61,889 15,990 20,911 36,901 Total revenue 64,459 60,827 60,093 56,679 242,058 54,091 53,304 50,634 51,892 209,921 44,527 50,511 56,129 47,381 198,548 51,668 61,735 113,403 Cost of revenue: Products 35,768 33,683 35,350 40,471 145,272 27,526 28,272 29,016 29,367 114,181 23,231 24,011 29,286 31,475 108,003 23,724 25,105 48,829 Development 12,514 11,759 11,267 10,425 45,965 12,302 12,924 11,681 12,720 49,627 13,808 14,650 14,293 14,775 57,526 14,145 18,173 32,318 Total cost of revenue 48,282 45,442 46,617 50,896 191,237 39,828 41,196 40,696 42,087 163,808 37,039 38,661 43,579 46,250 165,529 37,869 43,278 81,147 Gross profit: Products 15,293 14,497 12,692 4,904 47,386 13,581 11,320 9,088 8,497 42,485 6,139 10,447 11,846 224 28,656 11,954 15,719 27,673 Development 884 888 784 879 3,435 682 788 850 1,308 3,628 1,349 1,403 704 907 4,363 1,845 2,738 4,583 Total gross profit 16,177 15,385 13,476 5,783 50,821 14,263 12,108 9,938 9,805 46,113 7,488 11,850 12,550 1,131 33,019 13,799 18,457 32,256 Gross margin: Products 30.0 % 30.1 % 26.4 % 10.8 % 24.6 % 33.0 % 28.6 % 23.9 % 22.4 % 27.1 % 20.9 % 30.3 % 28.8 % 0.7 % 21.0 % 33.5 % 38.5 % 36.2 % Development 6.6 % 7.0 % 6.5 % 7.8 % 7.0 % 5.3 % 5.7 % 6.8 % 9.3 % 6.8 % 8.9 % 8.7 % 4.7 % 5.8 % 7.0 % 11.5 % 13.1 % 12.4 % Total gross margin 25.1 % 25.3 % 22.4 % 10.2 % 21.0 % 26.4 % 22.7 % 19.6 % 18.9 % 22.0 % 16.8 % 23.5 % 22.4 % 2.4 % 16.6 % 26.7 % 29.9 % 28.4 %
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15 GAAP to Non-GAAP Reconciliation | Operating Expenses nLight, Inc. 2022 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Totals Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Total R&D expense (GAAP) $ 13,711 $ 13,788 $ 12,716 $ 13,558 $ 53,773 $ 11,301 $ 12,004 $ 10,744 $ 12,114 $ 46,163 $ 10,659 $ 11,736 $ 11,328 $ 11,384 $ 45,107 $ 11,374 $ 11,012 $ 22,386 Non-GAAP adjustments: Stock-based compensation in R&D (3,122) (3,117) (3,169) (2,267) (11,675) (2,098) (2,826) (2,613) (2,329) (9,866) (1,613) (2,175) (2,046) (1,671) (7,505) (1,784) (1,834) (3,618) Amortization of purchased intangibles (472) (407) (360) (435) (1,674) (384) (384) (383) (264) (1,415) (149) (148) (149) (148) (594) (149) (148) (297) Non-GAAP R&D expense $ 10,117 $ 10,264 $ 9,187 $ 10,856 $ 40,424 $ 8,819 $ 8,794 $ 7,748 $ 9,521 $ 34,882 $ 8,897 $ 9,413 $ 9,133 $ 9,565 $ 37,008 $ 9,441 $ 9,030 $ 18,471 SG&A expense (GAAP) 10,775 11,914 13,741 11,828 48,258 11,169 11,790 11,725 11,215 45,899 11,547 12,804 13,021 11,885 49,257 12,035 11,681 23,716 Non-GAAP adjustments: Stock-based compensation in SG&A (2,722) (2,879) (3,614) (3,190) (12,405) (2,705) (4,026) (3,506) (3,323) (13,560) (3,277) (4,169) (3,852) (3,720) (15,018) (3,702) (3,939) (7,641) Acqusition and integration costs - - - - - - - - - - - - - - - - - - Non-GAAP SG&A expense $ 8,053 $ 9,035 $ 10,127 $ 8,638 $ 35,853 $ 8,464 $ 7,764 $ 8,219 $ 7,892 $ 32,339 $ 8,270 $ 8,635 $ 9,169 $ 8,165 $ 34,239 $ 8,333 $ 7,742 $ 16,075
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16 (1) There is no income tax effect related to the stock-based compensation, acquisition and integration-related costs, and amortization of purchased intangibles adjustments due to the full valuation allowance in the U.S. GAAP to Non-GAAP Reconciliation | Adjusted EBITDA, Net Income and EPS nLight, Inc. 2022 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Totals Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Total Stock-based compensation included in following: Cost of revenues 709$ 684$ 712$ 572$ 2,677$ 700$ 663$ 508$ 535$ 2,406$ 541$ 659$ 629$ 609$ 2,438$ 570$ 598$ 1,168$ Research and development 3,122 3,117 3,169 2,267 11,675 2,098 2,826 2,613 2,329 9,866 1,613 2,175 2,046 1,671 7,505 1,784 1,834 3,618 Sales, general, and administrative 2,722 2,879 3,614 3,190 12,405 2,705 4,026 3,506 3,323 13,560 3,277 4,169 3,852 3,720 15,018 3,702 3,939 7,641 Total stock-based compensation 6,553$ 6,680$ 7,495$ 6,029$ 26,757$ 5,503$ 7,515$ 6,627$ 6,187$ 25,832$ 5,431$ 7,003$ 6,527$ 6,000$ 24,961$ 6,056$ 6,371$ 12,427$ nLight, Inc. 2022 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 Totals Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q1 Q2 Total Net income (loss) (8,622)$ (10,342)$ (12,955)$ (22,659)$ (54,578)$ (7,730)$ (8,823)$ (11,879)$ (13,238)$ (41,670)$ (13,766)$ (11,729)$ (10,335)$ (24,962)$ (60,792)$ (8,093)$ (3,591)$ (11,684)$ Adjustments: Income tax expense (benefit) 343 (10) 110 (99) 344 264 (1,456) 187 27 (978) 144 120 261 (601) (76) 137 17 154 Other (income) expense (29) 106 31 (446) (338) (404) (1,057) (536) (779) (2,776) (641) (622) (1,331) (506) (3,100) (14) 58 44 Interest (income) - (71) (167) (291) (529) (357) (370) (310) (372) (1,409) (475) (479) (421) (398) (1,773) (1,688) (1,108) (2,796) Interest expense - - - - - 20 20 7 20 67 20 20 27 38 105 48 388 436 Depreciation and amortization 3,738 3,805 4,084 4,072 15,699 3,977 4,021 3,985 4,041 16,024 4,393 4,088 4,278 4,837 17,596 3,670 3,415 7,085 Stock-based compensation 6,553 6,680 7,495 6,029 26,757 5,503 7,515 6,627 6,187 25,832 5,431 7,003 6,527 6,000 24,961 6,056 6,371 12,427 Restructuring charges - - - 3,892 3,892 - - - 817 817 - - - 4,291 4,291 - - - Acquisition and integration-related costs - - - - - - - - - - - - - - - - - - Adjusted EBITDA 1,983$ 168$ (1,402)$ (9,502)$ (8,753)$ 1,273$ (150)$ (1,919)$ (3,297)$ (4,093)$ (4,894)$ (1,599)$ (994)$ (11,301)$ (18,788)$ 116$ 5,550$ 5,666$ Net income (loss) (8,622)$ (10,342)$ (12,955)$ (22,659)$ (54,578)$ (7,730)$ (8,823)$ (11,879)$ (13,238)$ (41,670)$ (13,766)$ (11,729)$ (10,335)$ (24,962)$ (60,792)$ (8,093)$ (3,591)$ (11,684)$ Add back: Stock-based compensation (1) 6,553 6,680 7,495 6,029 26,757 5,503 7,515 6,627 6,187 25,832 5,431 7,003 6,527 6,000 24,961 6,056 6,371 12,427 Valuation allowance on foreign deferred tax assets - - - - - - - - - - - - - Acquisition and integration-related costs - - - - - - - - - - - - - Amortization of purchased intangibles 472 407 360 435 1,674 384 384 383 264 1,415 149 148 149 148 594 149 148 297 Restructuring charges 3,892 3,892 - - - 817 817 - - - 4,291 4,291 - - - Non-GAAP net income (loss) (1,597)$ (3,255)$ (5,100)$ (12,303)$ (22,255)$ (1,843)$ (924)$ (4,869)$ (5,970)$ (13,606)$ (8,186)$ (4,578)$ (3,659)$ (14,523)$ (30,946)$ (1,888)$ 2,928$ 1,040$ GAAP weighted-average shares outstanding 43,655 44,178 44,786 45,039 44,436 45,706 45,717 46,403 46,375 46,078 47,242 47,658 48,133 48,557 47,900 49,093 49,581 49,338 Assumed conversion of convertible preferred stock to common stock - - - - - - - - - - - - - - - - - - Participating securities - - - - - - - - - - - - - - - - - - Non-GAAP weighted-average number of shares, basic 43,655 44,178 44,786 45,039 44,436 45,706 45,717 46,403 46,375 46,078 47,242 47,658 48,133 48,557 47,900 49,093 49,581 49,338 Dilutive effect of common stock equivalents - - - - - - - - - - - - - - - - 1,573 1,568 Non-GAAP weighted-average number of shares, diluted 43,655 44,178 44,786 45,039 44,436 45,706 45,717 46,403 46,375 46,078 47,242 47,658 48,133 48,557 47,900 49,093 51,154 50,906 Non-GAAP net income (loss) per share, basic (0.04)$ (0.07)$ (0.11)$ (0.27)$ (0.50)$ (0.04)$ (0.02)$ (0.10)$ (0.13)$ (0.30)$ (0.17)$ (0.10)$ (0.08)$ (0.30)$ (0.65)$ (0.04)$ 0.06$ 0.02$ Non-GAAP net income (loss) per share, diluted (0.04) (0.07) (0.11) (0.27) (0.50) (0.04) (0.02) (0.10) (0.13) (0.30) (0.17) (0.10) (0.08) (0.30) (0.65) (0.04) 0.06 0.02
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17 Supplemental Information | Key Revenue Metrics Note: Percentages may not total to 100 due to rounding. nLight, Inc. 2022 2023 2024 2025 (in thousands, except per share data) Q1 Q2 Q3 Q4 FY 2022 Q1 Q2 Q3 Q4 FY 2023 Q1 Q2 Q3 Q4 FY 2024 Q1 Q2 FY 2025 Revenues by end market Aerospace and defense $ 23,144 $ 22,513 $ 20,194 $ 22,340 $ 88,191 $ 21,131 $ 24,508 $ 19,027 $ 26,728 $ 91,394 $ 21,745 $ 27,390 $ 30,278 $ 30,127 $ 109,540 $ 32,706 $ 40,695 $ 73,401 Industrial 23,996 21,899 22,217 22,986 91,098 19,902 16,569 19,607 14,966 71,044 11,985 12,905 11,588 9,137 45,615 8,856 9,746 18,602 Microfabrication 17,319 16,415 17,682 11,353 62,769 13,058 12,227 12,000 10,198 47,483 10,797 10,216 14,263 8,117 43,393 10,106 11,294 21,400 Total revenues 64,459 60,827 60,093 56,679 242,058 54,091 53,304 50,634 51,892 209,921 44,527 50,511 56,129 47,381 198,548 51,668 61,735 113,403 Aerospace & defense as % of total 36 % 103 % 91 % 97 % 36 % 39 % 46 % 38 % 179 % 44 % 49 % 54 % 54 % 64 % 55 % 63 % 66 % 65 % Industrial as % of total 37 % 36 % 37 % 41 % 38 % 37 % 31 % 39 % 29 % 34 % 27 % 26 % 21 % 19 % 23 % 17 % 16 % 16 % Microfabrication as % of total 27 % 27 % 29 % 20 % 26 % 24 % 23 % 24 % 20 % 23 % 24 % 20 % 25 % 17 % 22 % 20 % 18 % 19 % Revenues by geography North America $ 35,144 $ 35,682 $ 32,793 $ 33,835 $ 137,454 $ 29,103 $ 34,317 $ 31,330 $ 34,561 $ 129,311 $ 28,724 $ 35,640 $ 36,332 $ 32,116 $ 132,812 $ 36,085 $ 45,171 $ 81,256 Asia Pacific 19,455 16,532 18,854 12,474 67,315 13,788 11,210 10,495 10,272 45,765 10,034 9,077 11,211 7,815 38,137 9,128 8,662 17,790 EMEA 9,860 8,613 8,446 10,370 37,289 11,200 7,777 8,809 7,059 34,845 5,769 5,794 8,586 7,450 27,599 6,455 7,902 14,357 Total revenues 64,459 60,827 60,093 56,679 242,058 54,091 53,304 50,634 51,892 209,921 44,527 50,511 56,129 47,381 198,548 51,668 61,735 113,403 North America as % of total 55 % 59 % 55 % 60 % 57 % 54 % 64 % 62 % 67 % 62 % 65 % 71 % 65 % 68 % 67 % 70 % 73 % 72 % Asia Pacific as % of total 30 % 27 % 31 % 22 % 28 % 25 % 5 % 5 % 20 % 22 % 23 % 18 % 20 % 16 % 19 % 18 % 14 % 16 % EMEA as % of total 15 % 14 % 14 % 18 % 15 % 21 % 30 % 33 % 14 % 17 % 13 % 11 % 15 % 16 % 14 % 12 % 13 % 13 % Fiber laser revenue by power level High-power (>= 6kW) 39 % 40 % 31 % 49 % 40 % 62 % 55 % 60 % 59 % 59 % 48 % 63 % 57 % 60 % 57 % 58 % 59 % 59 % Medium-power (2kW - 5kW) 26 % 19 % 24 % 21 % 23 % 27 % 32 % 21 % 20 % 25 % 33 % 28 % 27 % 25 % 28 % 30 % 27 % 29 % Low-power (< 2kW) 35 % 41 % 45 % 30 % 38 % 11 % 12 % 19 % 21 % 15 % 19 % 10 % 16 % 16 % 15 % 11 % 14 % 12 %