12 High Growth Semiconductor Stocks to Buy Now

​7. nLIGHT, Inc. (NASDAQ:LASR)

EPS Growth Next 5 Years: 65.10%

Number of Hedge Fund Holders: 46

nLIGHT, Inc. (NASDAQ:LASR) is one of the High Growth Semiconductor Stocks to Buy Now. nLIGHT, Inc. (NASDAQ:LASR) has declined more than 21% over the past month despite strong fiscal Q1 2026 earnings on May 8. Despite the decline, Wall Street continues to expect more than 31% upside from the current level, and 89% of the 9 analysts covering the stock maintain a buy rating.

​During fiscal Q1 2026, the company reported $80.18 million in revenue, ahead of the expected $72.14 million. The EPS of $0.2 also topped the expectations of $0.08. Much of the growth was driven by record aerospace and defense product revenue of $33.1 million, which grew 98% year-over-year. The segment also helped improve the overall gross margins to 33.1%, ahead of 26.7% last year.

​For fiscal Q2, the company projects revenue between $75 million and $81 million. Earlier on May 25, William Blair analyst Louie DiPalma had reiterated a Buy rating on the stock. The analyst noted that the company is strengthening its position with defense technologies, and this has become increasingly important due to the US government’s military priorities. The analyst sees nLIGHT, Inc. (NASDAQ:LASR) as a supplier of directed energy laser weapons and noted that the Department of Defense is actively accelerating investment in these systems as a cost-efficient solution for countering drones and cruise missiles.

nLight, Inc. (NASDAQ:LASR) is a leading provider of high-power semiconductor and fiber lasers.