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IPG Photonics IPGP Medium Power CW Lasers — Net Sales

Other product segments

Industrial Solutions
$227.59M
Lasers and Components
$213.65M
Systems
$51.85M
Advanced Solutions
$37.91M

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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$3.9B+21.1%
Enterprise value$3.44B+19.2%
P/E134.9×
P/S3.8×+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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: IPG Photonics’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 5:28 PM EST
Fiscal year
FY2025
Accession
0001111928-26-000040
Sales by Product
High Power Continuous Wave ("CW") Lasers$$308,825$$332,743$$524,981
Medium Power CW Lasers88,17863,68571,672
Pulsed Lasers143,251146,759185,581
Quasi-Continuous Wave ("QCW") Lasers51,77248,01648,648
Laser and Non-Laser Systems147,243139,145161,177
Other Revenue including Other Lasers, Amplifiers, Service, Parts, Accessories264,508246,786295,380
Total$$1,003,777$$977,134$$1,287,439

ITEM 16. FORM 10-K SUMMARY

FAQ

What is IPG Photonics's medium power CW lasers — net sales?
IPG Photonics (IPGP) reported medium power CW lasers — net sales of $22.04M in Q4 2025.
How has IPG Photonics's medium power CW lasers — net sales changed year-over-year?
IPG Photonics's medium power CW lasers — net sales increased by 38.5% year-over-year, from $15.92M to $22.04M.
What is the long-term trend for IPG Photonics's medium power CW lasers — net sales?
Over 4 years (2021 to 2025), IPG Photonics's medium power CW lasers — net sales has grown at a 2.3% compound annual growth rate (CAGR), from $80.5M to $88.18M.
What does medium power CW lasers — net sales mean?
This metric represents the total revenue generated from the sale of medium and low-power continuous wave (CW) fiber laser products. It reflects the company's market penetration and demand within specific industrial applications such as precision cutting, welding, and marking. Tracking this revenue stream helps investors assess the growth trajectory of the firm's specialized laser portfolio relative to broader industrial manufacturing cycles.

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