IPG Photonics Corporation logo

IPG Photonics Corporation

IPGP

NASDAQTechnologySemiconductors

Previous close

$73.26

−$1.17 · -1.57%

Aug 21, 4:00 PM ET

IPGP company overview

Regular session · ET · Market data may be delayed.

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AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

46

Fair Value

Momentum

47

Neutral

Sentiment

56

Mixed

Risk resilience

47

Elevated Risk

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Company profile

Company website

Established in 1990 and headquartered in Oxford, Massachusetts, IPG Photonics Corporation is a leading global developer and manufacturer of high-performance fiber, diode, and hybrid fiber-solid state lasers, along with fiber amplifiers. These advanced laser systems are primarily utilized across a wide range of materials processing applications worldwide. The company's extensive product portfolio encompasses a diverse array of laser types, including hybrid fiber-solid state lasers (offering green and UV wavelengths), fiber-pigtailed packaged diodes, fiber-coupled direct diode systems, high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization/single-frequency models. Complementing these are essential accessories such as high-power optical fiber delivery cables, couplers, beam switches, chillers, and scanners. IPG Photonics also offers a comprehensive range of fiber amplifiers, including erbium-doped, Raman, ytterbium, and thulium specialty types, alongside broadband light sources, which are crucial for integrated communication systems and broadband networks. Furthermore, the company develops integrated laser systems for specialized tasks, such as 2D compact flat sheet cutting, multi-axis operations, precision welding (e.g., the welding seam stepper and picker), and other high-precision or bespoke laser applications. It extends its offerings to optical transceiver and transponder modules, critical for interconnecting electronic equipment like Ethernet switches, IP routers, and DWDM/SONET/SDH optical transport modules within telecommunications, cable multi-system operator, and data center networking environments. Beyond materials processing, IPG Photonics' innovative lasers and amplifiers find diverse utility in communications, medical technology, and various other cutting-edge fields. The company markets its products to a broad customer base, including original equipment manufacturers (OEMs), system integrators, and direct end-users, leveraging its dedicated direct sales force alongside a global network of independent sales representatives and distributors.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Mark Milton Gitin
Listed since
Dec 13, 2006
Employees
4,840

Market position

Day range

Current $73.26

52-week range

Current $73.26

Open
$75.25
Previous close
$74.43
Volume
744.54K
1.45× average
Average volume
515.17K
Average daily volume
Market cap
3.11B USD
Beta
1
Market reference 1
50-day average
$98.3908
-25.54% below average
200-day average
$101.85
-28.07% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.66B USD
P/E (TTM)
111×
P/B (TTM)
1.46×
P/S (TTM)
2.91×
EV / EBITDA
23.79×
Earnings yield
1.02%
Free cash flow yield
-0.11%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
38.35%
Operating margin
0.74%
Net margin
2.58%
Return on equity
1.46%
Return on assets
1.28%
Return on invested capital
0.41%

Financial health

Debt / equity
0.01×
Current ratio
6.08×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends55%27%-1%-28%Gross margin, FY2021: 47.67%Gross margin, FY2022: 38.85%Gross margin, FY2023: 42.08%Gross margin, FY2024: 34.61%Gross margin, FY2025: 38.00%Operating margin, FY2021: 25.18%Operating margin, FY2022: 11.86%Operating margin, FY2023: 18.02%Operating margin, FY2024: -21.31%Operating margin, FY2025: 1.31%Net margin, FY2021: 19.06%Net margin, FY2022: 7.69%Net margin, FY2023: 17.00%Net margin, FY2024: -18.58%Net margin, FY2025: 3.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.67%. Gross margin FY2022 38.85%. Gross margin FY2023 42.08%. Gross margin FY2024 34.61%. Gross margin FY2025 38.00%. Operating margin FY2021 25.18%. Operating margin FY2022 11.86%. Operating margin FY2023 18.02%. Operating margin FY2024 -21.31%. Operating margin FY2025 1.31%. Net margin FY2021 19.06%. Net margin FY2022 7.69%. Net margin FY2023 17.00%. Net margin FY2024 -18.58%. Net margin FY2025 3.10%.

Income trends

Revenue

1B USD+2.73%

Operating income

13.1M USD+221.36M USD

Net income

31.1M USD+212.62M USD
Income trends across reported periods1.63B USD960.13M USD292.48M USD−375.17M USDRevenue, FY2021: 1.46B USDRevenue, FY2022: 1.43B USDRevenue, FY2023: 1.29B USDRevenue, FY2024: 977.13M USDRevenue, FY2025: 1B USDOperating income, FY2021: 367.88M USDOperating income, FY2022: 169.5M USDOperating income, FY2023: 231.97M USDOperating income, FY2024: −208.25M USDOperating income, FY2025: 13.1M USDNet income, FY2021: 278.42M USDNet income, FY2022: 109.91M USDNet income, FY2023: 218.88M USDNet income, FY2024: −181.53M USDNet income, FY2025: 31.1M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.46B USD. Revenue FY2022 1.43B USD. Revenue FY2023 1.29B USD. Revenue FY2024 977.13M USD. Revenue FY2025 1B USD. Operating income FY2021 367.88M USD. Operating income FY2022 169.5M USD. Operating income FY2023 231.97M USD. Operating income FY2024 −208.25M USD. Operating income FY2025 13.1M USD. Net income FY2021 278.42M USD. Net income FY2022 109.91M USD. Net income FY2023 218.88M USD. Net income FY2024 −181.53M USD. Net income FY2025 31.1M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1B USD977.13M USD1.29B USD1.43B USD1.46B USD
Cost of goods sold622.31M USD638.98M USD745.74M USD874.13M USD764.46M USD
Gross profit381.46M USD338.16M USD541.7M USD555.41M USD696.4M USD
Research and development117.4M USD109.78M USD98.7M USD116.11M USD139.57M USD
Selling, general, and administrative241M USD213.9M USD211.43M USD207.9M USD204.06M USD
Operating expenses368.36M USD546.41M USD309.73M USD385.91M USD328.52M USD
Interest income45.47M USD41.74M USD12.62M USD
Depreciation and amortization66.85M USD61.44M USD69.62M USD90.56M USD96.33M USD
Operating income13.1M USD−208.25M USD231.97M USD169.5M USD367.88M USD
Net income31.1M USD−181.53M USD218.88M USD109.91M USD278.42M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-1.67%
11 comparable reports
Latest EPS result
0.12
Estimate 0.37 · Miss by 67.17%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.530.360.20.03Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.18, estimate 0.23, surprise -21.74%, Miss. Q2 2025, reported May 6, 2025: actual 0.09, estimate 0.21, surprise -57.14%, Miss. Q3 2025, reported Aug 5, 2025: actual 0.16, estimate 0.1, surprise +60.00%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.18, estimate 0.16, surprise +12.50%, Beat. Q1 2026, reported Feb 12, 2026: actual 0.46, estimate 0.25, surprise +84.00%, Beat. Q2 2026, reported May 5, 2026: actual 0.04, estimate 0.32, surprise -87.50%, Miss. Q3 2026, reported Aug 4, 2026: actual 0.12, estimate 0.366, surprise -67.17%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.49, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates294.39M267.5M240.61M213.71MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 234.34M USD, estimate 233.23M USD, surprise +0.47%, Beat. Q2 2025, reported May 6, 2025: actual 227.79M USD, estimate 225.03M USD, surprise +1.23%, Beat. Q3 2025, reported Aug 5, 2025: actual 250.72M USD, estimate 229.59M USD, surprise +9.21%, Beat. Q4 2025, reported Nov 4, 2025: actual 250.79M USD, estimate 239.81M USD, surprise +4.58%, Beat. Q1 2026, reported Feb 12, 2026: actual 274.47M USD, estimate 249.53M USD, surprise +10.00%, Beat. Q2 2026, reported May 5, 2026: actual 265.5M USD, estimate 256.99M USD, surprise +3.31%, Beat. Q3 2026, reported Aug 4, 2026: actual 278.58M USD, estimate 279.98M USD, surprise -0.50%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 283.07M USD, surprise —, Comparison unavailable.

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