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IPG Photonics IPGP Q2 2026 earnings

Reported August 4, 2026 · Before market open

Revenue$278.6MMiss by $1.4M
EPS$0.12Miss by $0.25
Revenue estimate$280.0M
EPS estimate$0.37
“We delivered our third consecutive quarter of double-digit year-over-year revenue growth, with revenue above the midpoint of our guidance and adjusted gross margin and adjusted EPS above our expectations. Industrial Solutions generated strong revenue growth, supported by robust demand and disciplined execution across different markets and applications, particularly in battery manufacturing. Advanced Solutions revenue benefited from our continued focus on key strategic initiatives, resulting in strong sales growth in semiconductor applications. We see continued interest in our CROSSBOW™ directed energy system. Additionally, our recently announced acquisition of Lumibird Medical will further accelerate our strategic expansion into attractive medical markets in Advanced Solutions.”
Dr. Mark Gitin

Next report

Nov 3, 2026 (Tomorrow)
Revenue estimate$283.3M
EPS estimate$0.46

Financials

Q2 2026

Income statement

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Revenue$278.6M+11.1%
Gross profit$112.5M+20.3%
Operating income$4.5M+4,257%
Net income$5.2M-20.6%
EPS (diluted)$0.12-25.0%

Balance sheet

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Cash & equivalents$196.1M-45.4%
Total debt$16.3M-3.6%
Total equity$2.1B+1.1%
Total assets$2.4B+1.9%

Cash flow

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Operating cash flow$37.8M—
CapEx$20.7M+34.9%

Valuation & ratios

Valuation

as of 10/30/26
See full
Market cap$3.22B-9.3%
Enterprise value$3.04B-5.7%
P/E116.8×-82.4×
P/S3×-0.7×

Profitability

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Gross margin38.4%+3.7pp
Operating margin0.7%+0.4pp
Net margin2.6%+1.4pp

Returns & leverage

See full
Return on equity1.3%+0.7pp
Debt / equity0×0.0×
Current ratio6.2×-0.6×

Segments

By product

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Industrial Solutions$237.0M—
Lasers and Components$219.8M—
Systems$58.8M—
Advanced Solutions$41.5M—

By segment

See full
Reportable Segment$278.6M+11.1%

FAQ

When did IPG Photonics report Q2 2026 earnings?
IPG Photonics (IPGP) reported Q2 2026 earnings on August 4, 2026 before market open.
What were IPG Photonics's Q2 2026 revenue and EPS?
IPG Photonics reported revenue of $278.6M and eps of $0.12 for Q2 2026.
Did IPG Photonics beat estimates in Q2 2026?
Revenue missed the consensus estimate of $280.0M by $1.4M. EPS missed the consensus estimate of $0.37 by $0.25.
How did IPG Photonics's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.1% from $250.7M a year earlier and eps declined 60.0% from $0.30.
Where can I find IPG Photonics's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001111928-26-000150) and the 10-Q periodic report (0001111928-26-000153) directly on SEC EDGAR. The filing index links above go to sec.gov.