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

Other product segments

Industrial Solutions

$227.59M—

Lasers and Components

$213.65M—

Medium Power CW Lasers

$88.18M+38.5%

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$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:RevenueFromContractWithCustomerExcludingAssessedTax.

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

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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.