What is IPG Photonics's capex?

IPG Photonics (IPGP) reported capex of $16.31M in Q1 2026.

How has IPG Photonics's capex changed year-over-year?

IPG Photonics's capex decreased by 34.3% year-over-year, from $24.82M to $16.31M.

What is the long-term trend for IPG Photonics's capex?

Over 4 years (2021 to 2025), IPG Photonics's capex has grown at a -10.6% compound annual growth rate (CAGR), from $123.11M to $78.8M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

IPG Photonics IPGP CapEx

CapEx at other companies

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$25M+38.9%

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$124.7M+98.6%

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$63.76M+124%

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$13.19M+61.7%

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$5.1M-24.5%

Other financials

Income statement

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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

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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

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Operating cash flow-$5.5M-141%

Free cash flow-$21.8M-91.5%

Valuation

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Market cap$5.01B+80.0%

Enterprise value$4.54B+86.8%

P/E173.2×—

P/S4.8×+1.9×

Profitability

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Gross margin37.6%+2.9pp

Operating margin0.3%+0.2pp

Net margin2.8%+1.5pp

FCF margin6.8%-10.9pp

Returns & leverage

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Return on equity1.4%+0.7pp

Debt / equity0×0.0×

Current ratio5.8×-1.5×

Where this comes from

Reported directly by IPG Photonics in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: IPG Photonics’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IPG Photonics's capex?: IPG Photonics (IPGP) reported capex of $16.31M in Q1 2026.
How has IPG Photonics's capex changed year-over-year?: IPG Photonics's capex decreased by 34.3% year-over-year, from $24.82M to $16.31M.
What is the long-term trend for IPG Photonics's capex?: Over 4 years (2021 to 2025), IPG Photonics's capex has grown at a -10.6% compound annual growth rate (CAGR), from $123.11M to $78.8M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.