132,000 units shipped! Is the laser giant about to reach another turning point?
On October 30, 2025, Raycus Laser held an online performance briefing, briefly disclosing the company's overall development in the first three quarters, to some extent reflecting that this leading fiber laser company is navigating the industry cycle. The recovery signals and strategic layout revealed in the third-quarter report outline a new trajectory for the company's development.
The inflection point of performance was confirmed, and profitability continued to improve
Looking back at the performance of Raycus Laser, in the third quarter of 2025, the company handed over a report card with a year-on-year increase of 10.45% in revenue and a year-on-year increase of 106.95% in net profit.
From the perspective of gross profit level, the gross profit margin of Raycus Laser in the third quarter was 21.06%, up 0.12 percentage points year-on-year and 1.97 percentage points month-on-month, which is the gross profit margin of Raycus Laser that has continued to rise for three consecutive quarters, and from the fourth quarter of 2024, profitability has shown a steady trend of improvement, mainly due to the remarkable results of the company's cost reduction work in various product lines and the increase in gross profit margin brought about by the optimization of product structure.
The optimization of the expense ratio during the period also provided support for profit improvement. In the third quarter of 2025, the expense ratio of Raycus Laser during the period was 14.87%, down 5.25 percentage points from the same period last year. This shows that the company has taken effective measures in cost control and expense management.
Under the fluctuating cycle of manufacturing transformation and upgrading, Raycus Laser is gradually getting rid of the red sea of price competition through overseas expansion and high-end product application layout. According to the financial report data, Raycus Laser's outstanding performance in the third quarter is in stark contrast to the first quarter.
At the beginning of 2025, due to the judgment that the changes in the fiber laser market will continue the trend in 2024, Raycus Laser failed to keep up with market demand in time due to insufficient safety inventory reserves in the first quarter of 2025, resulting in the delay of some order deliveries and a brief decline in performance.
This also reflects that since the beginning of this year, market demand has gradually picked up, which has improved compared with the overall situation of the industry in 2024. With the timely adjustment of Raycus Laser's strategy, the performance has rebounded rapidly since the second quarter, with revenue increasing by 32.67% month-on-month and net profit increasing by 231.59% month-on-month. Even though the third quarter was affected by the off-season, the company's quarterly revenue declined slightly month-on-month, but based on the company's overall control of market changes, the revenue situation was still better than the same period last year.
Despite this, Raycus Laser still claims that the company will implement a production model of sales and production, and the company and its subsidiaries are currently carrying out production and operation activities in an orderly manner according to the production plan.
In the first three quarters of 2025, Raycus Laser shipped a total of 132,000 units, a year-on-year increase of 6.94%, and 10,000-watt product shipments increased by 27.87% year-on-year. Among them, the growth rate slowed slightly in the third quarter due to cyclical fluctuations in the industry, increasing by 1.6% from the second quarter.
The results of global layout have emerged, and the growth rate of overseas markets is outstanding
In 2025, Raycus Laser's internationalization strategy will enter a period of rapid expansion, and overseas markets will also become an important engine for the company's performance growth. In the first three quarters, the company's overseas shipments increased significantly by 78.2% year-on-year, much higher than the growth rate of 6.94% in overall shipments.
In order to support global expansion, Raycus Laser has accelerated the improvement of its global network layout in recent years. The new customer center and Japan service center in Bursa, Turkey have been officially put into operation, and the company is also preparing to set up offices in Germany, Mexico, Thailand and South Korea in 2025, further covering the four key markets of Europe, North America, Southeast Asia, Japan and South Korea.
Although Raycus Laser's overseas business has continued to grow rapidly, there is still a lot of room for improvement in its proportion of the company's overall revenue, and continuing to expand overseas markets is still an important task in the future.
Diversified high-end application layout, new growth points are gradually forming
While consolidating the traditional industrial laser market, Raycus Laser is actively expanding into emerging fields such as consumption, medical care, and security to create a diversified growth curve.
In the field of 3D printing, the core requirements for lasers for metal 3D printing are currently focused on three dimensions: wavelength matching, power stability, and beam quality to ensure that metal powders can be accurately melted and form dense structures. Raycus Laser has completed the research and development of finalized products and delivered them to customers for verification and testing, and has maintained a deep and good cooperative relationship with leading domestic 3D printing equipment manufacturers to lay a solid foundation for technology implementation and market expansion.
In the medical field, Raycus Laser has launched a special thulium-doped laser, focusing on the two major clinical directions of urological laser lithotripsy and benign prostatic hyperplasia eradication. The special laser has been imported substitution and has passed a full range of performance tests.
In the field of laser security, the "low-altitude laser anti-novice system technology research and industrialization" project of Ruiwei, a subsidiary of Raycus Laser, is steadily advancing, with operating income increasing by more than 420% year-on-year in the first half of 2025.
The consumer market also showed potential. In the first half of 2025, the sales of lasers used in the consumer market will exceed 10,000 units. Raycus Laser has been strategically deploying the consumer laser market since 2023, creating a complete product matrix for the needs of DIY handicraft enthusiasts and small business owners.
In the field of precision machining, Raycus Laser's subsidiary Shanghai Guoshen continued to perform well, with operating income increasing by 44% year-on-year in the first three quarters of 2025. At present, the company is focusing on expanding the application scenarios of high-power femtosecond lasers, and will focus on two core directions in the future:
continue to increase the market share of brittle material cutting and further expand the business scale;
Accelerate the development of high-power femtosecond lasers to meet the future needs of the application market.
Innovation drives high-end and builds long-term competitive barriers
As a leading enterprise in the fiber laser industry, Raycus Laser has always adhered to the technology-led development idea. Since the beginning of this year, the company has continued to promote breakthroughs in key core technologies and create specialized and special new products.
In terms of high-end products, Raycus Laser launched at its 18th anniversary new product launch conference: depth of focus and cutting Ultra series lasers, single-mode ABP lasers with the highest power in the single-mode ring spot market, BH series lasers for double-strong mode thick plate cutting and welding, and additive special lasers with dual-mode output.
In addition, Raycus Laser has also successively released 220kW ultra-high power fiber lasers, LD direct-pumped near-base mode 10,000-watt fiber lasers, dual-beam output high-power fiber lasers for large aircraft manufacturing, high-power ring spot fiber lasers for new energy applications, 3kW pulsed fiber lasers, high-power single-mode narrow linewidth fiber lasers for special fields, 2-micron thulium-doped medical lasers, etc., which have been applied in scientific research, industrial manufacturing and national projects.
Written at the end
Despite the recovery in performance, Raycus Laser also faces some challenges. Price competition still exists in the fiber laser market, especially in the low- and medium-power segments. In the short term, there is still a certain risk of price reduction in product prices, but the overall decline has shown signs of narrowing.
However, at present, Raycus Laser mainly focuses its core resources on the "high-value" areas that solve user pain points and high-end applications, which is conducive to the company's long-term profitability. On the whole, Raycus Laser is gradually ushering in an inflection point, new applications continue to blossom and bear fruit, and continue to open up growth space through strategic business and international business.
With the transformation and upgrading of the global manufacturing industry and the continuous expansion of laser technology application scenarios, Raycus Laser is ushering in a harvest period with its carefully laid out diversified tracks with its technological innovation advantages and global operation capabilities, and is expected to achieve continuous breakthroughs in domestic and foreign markets.
Post time: 01-28-2026
