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IPG Photonics Corporation(IPGP)Earnings, Financials & Key Ratios
IPGP•NASDAQ
$96.60
132.3× P/E·Price updated Jul 7, 2026
AboutIPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks; and ytterbium and thulium specialty fiber amplifiers and broadband light sources. In addition, the company offers integrated laser systems; 2D compact flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems; and optical transceiver and transponder modules for interconnecting electronic equipment, including Ethernet switches, IP routers and DWDM/SONET/SDH optical transport modules within telecommunications, cable multi-system operators, and data center networking applications. It's lasers and amplifiers are also used in materials processing, communications, and medical and advanced applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.Show more
- Revenue$1B+2.7%
- EBITDA$80M+154.5%
- Net Income$31M+117.1%
- EPS (Diluted)0.73+117.8%
- Gross Margin38%+9.8%
- EBITDA Margin7.97%+153.0%
- Operating Margin1.31%+106.1%
- Net Margin3.1%+116.7%
- ROE1.5%+118.3%
IPGP Price & Volume
IPG Photonics Corporation (IPGP) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Strains Operating Margin Efficiency
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Structural margin compression risk
Key Thesis Takeaways
- IPG Photonics faces a challenging transition as its vertically integrated manufacturing model struggles to maintain historical profitability amidst intense pricing pressure in the fiber laser market.
- While the company maintains a robust balance sheet with negligible debt, the collapse of operating margins to -2.9% in 2026Q1 suggests that the firm's high fixed-cost structure is failing to scale with current demand.
- Investors should monitor whether the company can stabilize its erratic cash conversion cycles and reverse the structural erosion of gross margins, which have fallen from historical highs to 37.5% in the most recent quarter.
Verdict Logic
the company's high forward P/E of 84.37 appears unjustified given the structural margin compression and the recent collapse of operating income to -$7.7 million in 2026Q1.
IPGP Growth Metrics
IPG Photonics Corporation (IPGP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.08%
5 Years-3.52%
3 Years-11.12%
TTM9.29%
Profit CAGR
10 Years-18.56%
5 Years-27.9%
3 Years-34.35%
TTM114.33%
EPS CAGR
10 Years-16.69%
5 Years-24.47%
3 Years-30.34%
TTM114.96%
Return on Capital
10 Years11.46%
5 Years4.08%
3 Years0.29%
Last Year0.61%
IPGP Recent Earnings
IPG Photonics Corporation (IPGP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.29-9.4%
$0.32
Rev
$265M+3.3%
$257M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.46+84.0%
$0.25
Rev
$274M+10.0%
$250M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.35+118.8%
$0.16
Rev
$251M+0.6%
$249M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.30+200.0%
$0.10
Rev
$251M+4.8%
$239M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.29vs $0.32-9.4% | $265Mvs $257M+3.3% |
| Q1 2026 | Feb 12, 2026 | $0.46vs $0.25+84.0% | $274Mvs $250M+10.0% |
| Q4 2025 | Nov 4, 2025 | $0.35vs $0.16+118.8% | $251Mvs $249M+0.6% |
| Q3 2025 | Aug 5, 2025 | $0.30vs $0.10+200.0% | $251Mvs $239M+4.8% |
Based on last 12 quarters of dataView full earnings history →
Latest IPGP News
Recent stock market news and headlines for IPG Photonics Corporation (IPGP)
Peers Comparison
Key metrics vs top competitors for IPG Photonics Corporation (IPGP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $96.60 | $4.1B | 132.33 | 2.73% | 3.1% | 1.5% | — | |
| $698.91 | $49.9B | 1888.95 | 21.03% | 17.68% | 30.68% | — | |
| $13.72 | $1.16B | 32.67 | 27.38% | 12.36% | 10.34% | — | |
| $349.57 | $23.53B | 79.99 | 9.62% | 8.03% | 12.24% | — | |
| $147.85 | $5.27B | 100.58 | 3.3% | 5.35% | 5.08% | — | |
| $40.22 | $9.31B | 268.13 | 8.39% | -4.03% | -6.92% | — |
Compare IPGP vs Peers
IPG Photonics Corporation (IPGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
IPGP SEC Filings & Documents
IPG Photonics Corporation (IPGP) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
Mar 16, 2026·SEC
Material company update
Feb 25, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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IPGP Frequently Asked Questions
IPG Photonics Corporation (IPGP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is IPG Photonics Corporation's revenue?
IPG Photonics Corporation (IPGP) reported $1.04B in revenue for fiscal year 2025. This represents a 1616% increase from $60.7M in 2004.
How fast is IPG Photonics Corporation growing?
IPG Photonics Corporation (IPGP) grew revenue by 2.7% over the past year. Growth has been modest.
Is IPGP profitable?
Yes, IPG Photonics Corporation (IPGP) is profitable, generating $28.9M in net income for fiscal year 2025 (3.1% net margin).
Dividend & Returns
What is IPGP's return on equity?
IPG Photonics Corporation (IPGP) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.
What is IPG Photonics Corporation's free cash flow?
IPG Photonics Corporation (IPGP) generated $7.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.