Is nLIGHT (LASR) Undervalued Following Record Q2 Revenue And Softer Q3 Guidance?

nLIGHT (LASR) recently reported record Q2 revenue of US$82.59 million and a reduced net loss, but its stock price dropped 25.56% after issuing softer Q3 guidance due to supply chain constraints. Despite the short-term dip, the company has seen a significant 419.95% three-year return, suggesting long-term investor confidence. The article discusses whether the current market valuation, which places nLIGHT at a P/S ratio of 10.4x compared to an industry average of 2.8x, accurately reflects its potential, especially given its strong position in the growing aerospace and defense sectors.