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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:ResearchAndDevelopmentExpense.

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
Gross profit99,49989,812
Operating expenses:
Sales and marketing24,53424,430
Research and development33,30928,336
General and administrative36,09232,808
Settlement of litigation matters13,500
(Gain) loss on foreign exchange(200)2,411
Total operating expenses107,23587,985

ITEM 1. UNAUDITED INTERIM FINANCIAL STATEMENTS

FAQ

What is IPG Photonics's R&D?
IPG Photonics (IPGP) reported R&D of $33.31M in Q1 2026.
How has IPG Photonics's R&D changed year-over-year?
IPG Photonics's R&D increased by 17.6% year-over-year, from $28.34M to $33.31M.
What is the long-term trend for IPG Photonics's R&D?
Over 4 years (2021 to 2025), IPG Photonics's R&D has grown at a -4.2% compound annual growth rate (CAGR), from $139.57M to $117.4M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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