Skip to content
IPG Photonics logo

IPG Photonics

IPGP

IPG Photonics Corporation is a leading developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and laser-based systems.

Market cap
$3.81B+16.2%
Revenue$1.0B+9.3%
Net income$28.9M+114%
Free cash flow-$103.0K-100%
EPS (diluted)$0.69+114%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 5 days)
Revenue estimate$280.0M
EPS estimate$0.40

Financials

Q1 2026

Income statement

See full
Revenue$265.5M+16.6%
Gross profit$99.5M+10.8%
Operating income-$7.7M-523%
Net income$1.6M-57.8%
EPS (diluted)$0.04-55.6%

Balance sheet

See full
Cash & equivalents$480.8M+32.4%
Total debt$16.3M0.0%
Total equity$2.1B+2.7%
Total assets$2.4B+4.5%

Cash flow

See full
Operating cash flow-$5.5M-141%
CapEx$16.3M-34.3%
Free cash flow-$21.8M-91.5%

Valuation & ratios

Valuation

See full
Market cap$3.81B+16.2%
Enterprise value$3.34B+9.8%
P/E131.6×
P/S3.7×+0.1×

Profitability

See full
Gross margin37.6%+2.9pp
Operating margin0.3%+0.2pp
Net margin2.8%+1.5pp

Returns & leverage

See full
Return on equity1.4%+0.7pp
Debt / equity0.0×
Current ratio5.8×-1.5×

Segments

By product

See full
Industrial Solutions$227.6M
Lasers and Components$213.7M
Systems$51.8M
Advanced Solutions$37.9M

By segment

See full
Reportable Segment$265.5M+16.6%

Competitors

Profile

IPG Photonics Corporation is a leading developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and laser-based systems. The company leverages a highly vertically integrated business model to provide superior performance and reliability for materials processing, medical, and advanced applications. Their core value proposition centers on replacing traditional laser and non-laser technologies with more efficient, precise, and cost-effective fiber laser solutions.

Competitive position

IPG is a pioneer and technology leader in fiber lasers, maintaining a dominant position through vertical integration and manufacturing scale.

GeographiesUnited States, Germany, Global
Customer segmentsIndustrial OEMs, Automotive Manufacturers, Medical Device Companies, Government and Defense
Business modelVertically Integrated Manufacturing, Direct Sales, B2B Hardware
SuppliersSemiconductor materials, Rare earth ions, Raw optical fiber preforms, Electrical components
CustomersAutomotive OEMs, Consumer electronics manufacturers, Medical device distributors, Aerospace and defense contractors
Listed2006
Employees6.2K
CEOMark Milton Gitin
FilingsSEC EDGAR

Questions, answered.

What is IPG Photonics's market cap?
IPG Photonics (IPGP) has a market capitalization of $3.8B and trades on NASDAQ.
What is IPG Photonics's revenue and profitability?
IPG Photonics generated $1.0B in trailing twelve-month revenue with net income of $28.9M, representing a net margin of 2.8%. Gross margin stands at 37.6%, with free cash flow of -$103.0K. These figures are based on the Q1 2026 filing.
Who are IPG Photonics's competitors?
IPG Photonics's key competitors include nLIGHT, Coherent, Lumentum, and others. These companies compete in similar markets and product categories.
What subsidiaries does IPG Photonics have?
IPG Photonics's subsidiaries include Genesis Systems Group, LLC.
Where is IPG Photonics headquartered?
IPG Photonics is headquartered in United States of America and employs approximately 6,180 people. It has been publicly traded since 2006.