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IPG Photonics IPGP Extended Warranty Agreements — Remaining performance obligations

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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$3.69B+21.1%
Enterprise value$3.22B+19.2%
P/E127.5×
P/S3.5×+0.3×

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:RevenueRemainingPerformanceObligation.

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 itemRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance ObligationsRemaining Performance Obligations
2026 (a)2027202820292030ThereafterTotal
Revenue expected to be recognized for extended warranty agreements$$2,118$$1,789$$1,126$$677$$238$$207$$6,155
Revenue to be earned over time from contracts to sell large scale materials processing systems20,2092,24222,451
Total$$22,327$$4,031$$1,126$$677$$238$$207$$28,606

ITEM 1. UNAUDITED INTERIM FINANCIAL STATEMENTS

FAQ

What is IPG Photonics's extended warranty agreements — remaining performance obligations?
IPG Photonics (IPGP) reported extended warranty agreements — remaining performance obligations of $6.16M in Q1 2026.
What does extended warranty agreements — remaining performance obligations mean?
This metric represents the aggregate transaction price allocated to extended warranty service contracts that have been promised to customers but remain unsatisfied or partially unsatisfied at the reporting date. It serves as a measure of future service revenue backlog specifically tied to post-sale support and maintenance obligations. Monitoring this balance provides insight into the long-term service commitment pipeline and the potential for recurring revenue recognition in future periods.

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