What is IPG Photonics's systems — total?

IPG Photonics (IPGP) reported systems — total of $51.85M in Q1 2026.

What does systems — total mean?

This metric represents the total revenue generated from the sale of integrated laser systems, which combine fiber laser sources with motion control, software, and beam delivery components. It reflects the company's ability to move up the value chain by providing complete manufacturing solutions rather than just individual laser components. Growth in this segment indicates successful expansion into turnkey industrial applications and deeper integration into customer production environments.

IPG Photonics (IPGP) Systems — Total

Screener

Other product segments

Industrial Solutions

$227.59M—

Lasers and Components

$213.65M—

Medium Power CW Lasers

$88.18M+38.5%

Advanced Solutions

$37.91M—

Similar metrics at other companies

JCIProducts and systems — Total

$4.6B+11.5%

BETAProduct — Total

$963K-61.3%

BETAService — Total

$9.17M+29.0%

KOR

KOREHardware — Total

$9.96M-40.4%

KOR

KOREProducts — Total

$9.96M-40.4%

KOR

KOREServices — Total

$55.86M+0.8%

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

See full

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

See full

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

See full

Gross margin37.6%+2.9pp

Operating margin0.3%+0.2pp

Net margin2.8%+1.5pp

FCF margin6.8%-10.9pp

Returns & leverage

See full

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 item	Three Months Ended March 31, 2026	Three Months Ended March 31, 2025
Sales by Product
Lasers and Components	$213,652	$187,343
Systems	51,845	40,450
Total	$265,497	$227,793

ITEM 1. UNAUDITED INTERIM FINANCIAL STATEMENTS

FAQ

What is IPG Photonics's systems — total?: IPG Photonics (IPGP) reported systems — total of $51.85M in Q1 2026.
What does systems — total mean?: This metric represents the total revenue generated from the sale of integrated laser systems, which combine fiber laser sources with motion control, software, and beam delivery components. It reflects the company's ability to move up the value chain by providing complete manufacturing solutions rather than just individual laser components. Growth in this segment indicates successful expansion into turnkey industrial applications and deeper integration into customer production environments.