A multi-function gunsight for aiming a firearm comprises a body and a sight arm pivotally coupled to the body for rotation between a stowed orientation and a deployed orientation. The body defining a laser cavity, a starboard cavity, and a port cavity. A laser housing is disposed inside the laser cavity defined by the body. The laser housing supports a semiconductor chip that emits laser light and a collimating lens that collimates the laser light emitted by the semiconductor chip. A forward end of the laser housing is coupled to a spherical bearing. The spherical bearing constrains movement of the laser housing in three translation degrees of freedom corresponding to translation along x, y, and z axes of an x-y-z coordinate system. The spherical bearing allows rotation of the laser housing about at least the x and y axes of the x-y-z coordinate system.