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Segments

By segment

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Reportable Segment-$565K-108%

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%
CapEx$16.3M-34.3%
Free cash flow-$21.8M-91.5%

Valuation

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Market cap$3.61B+13.3%
Enterprise value$3.15B+10.6%
P/E124.8×
P/S3.5×+0.1×

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×
Current ratio5.8×-1.5×

Where this comes from

Reported directly by IPG Photonics in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The source filing: IPG Photonics’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 5:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001111928-26-000098
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Other income, net1,8331,344
Total other income8,7558,788
Income before provision for income taxes1,01910,615
(Benefit) provision for income taxes(565)6,857
Net income$1,584$3,758
Net income per common share:
Basic$0.04$0.09
Diluted$0.04$0.09

ITEM 1. UNAUDITED INTERIM FINANCIAL STATEMENTS

FAQ

What is IPG Photonics's income tax?
IPG Photonics (IPGP) reported income tax of -$565K in Q1 2026.
How has IPG Photonics's income tax changed year-over-year?
IPG Photonics's income tax decreased by 108.2% year-over-year, from $6.86M to -$565K.
What is the long-term trend for IPG Photonics's income tax?
Over 3 years (2021 to 2024), IPG Photonics's income tax has grown at a -39.5% compound annual growth rate (CAGR), from $88.62M to $19.64M.
What does income tax mean?
Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

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