Depends on the input voltage of the light. Most cr123 cells are 3.6 or 3.7 if you put 2 of these then the input voltage would be erither 7.2 or 7.4.
If the input voltage for the light say 3v-8.4v max the in theory yes. some lights will take 18650 batteries but the input voltage may only say 2.8 to 4.5v, if you try and put 2X cr123 3.6v then you will damage the light.
Make sure the input voltage is 8.4v.