IPG PHOTONICS CORPIPGPEarnings & Financial Report
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
Revenue
$252.0M
Gross Profit
$97.5M
Operating Profit
$19.1M
Net Profit
$24.1M
Gross Margin
38.7%
Operating Margin
7.6%
Net Margin
9.6%
YoY Growth
-27.4%
EPS
$0.52
IPG PHOTONICS CORP Q1 FY2024 Financial Summary
IPG PHOTONICS CORP reported revenue of $252.0M (down 27.4% YoY) for Q1 FY2024, with a net profit of $24.1M (down 59.9% YoY) (9.6% margin). Cost of goods sold was $154.5M, operating expenses totaled $78.4M.
Key Financial Metrics
| Total Revenue | $252.0M |
|---|---|
| Net Profit | $24.1M |
| Gross Margin | 38.7% |
| Operating Margin | 7.6% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
IPG PHOTONICS CORP Q1 FY2024 revenue of $252.0M breaks down across 7 segments, led by High Power Continuous Wave CW Lasers at $90.8M (36.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| High Power Continuous Wave CW Lasers | $90.8M | 36.0% |
| Laser And Non Laser Systems | $37.5M | 14.9% |
| Pulsed Lasers | $34.8M | 13.8% |
| Other Applications | $25.6M | 10.2% |
| Other Asian Geographical Areas | $25.0M | 9.9% |
| DE | $20.0M | 7.9% |
| Quasi Continuous Wave QCW Lasers | $15.8M | 6.3% |
IPG PHOTONICS CORP Revenue by Segment — Quarterly Trend
IPG PHOTONICS CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as High Power Continuous Wave CW Lasers and Laser And Non Laser Systems) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| High Power Continuous Wave CW Lasers | — | $76.6M | $76.2M | $69.4M |
| Laser And Non Laser Systems | $38.8M | — | $39.8M | $33.1M |
| Pulsed Lasers | — | $34.2M | — | — |
| Other Applications | — | $31.4M | $38.5M | $32.1M |
IPG PHOTONICS CORP Annual Revenue by Year
IPG PHOTONICS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.0B |
| 2024 | $977.1M |
| 2023 | $1.3B |
| 2022 | $1.4B |
IPG PHOTONICS CORP Quarterly Revenue & Net Profit History
IPG PHOTONICS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $274.5M | +17.1% | $13.3M | 4.8% |
| Q3 FY2025 | $250.8M | +7.6% | $7.5M | 3.0% |
| Q2 FY2025 | $250.7M | -2.7% | $6.6M | 2.6% |
| Q1 FY2025 | $227.8M | -9.6% | $3.8M | 1.6% |
| Q4 FY2024 | $234.3M | -21.6% | $7.8M | 3.3% |
| Q3 FY2024 | $233.1M | -22.6% | $-233.6M | -100.2% |
| Q2 FY2024 | $257.6M | -24.2% | $20.2M | 7.8% |
| Q1 FY2024 | $252.0M | -27.4% | $24.1M | 9.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $252.0M | $257.6M | $233.1M | $234.3M | $227.8M | $250.7M | $250.8M | $274.5M |
| YoY Growth | -27.4% | -24.2% | -22.6% | -21.6% | -9.6% | -2.7% | 7.6% | 17.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.60B | $2.50B | $2.36B | $2.29B | $2.32B | $2.38B | $2.38B | $2.42B |
| Liabilities | $257.7M | $242.1M | $240.5M | $264.8M | $256.9M | $274.9M | $276.2M | $296.1M |
| Equity | $2.34B | $2.25B | $2.11B | $2.02B | $2.06B | $2.10B | $2.10B | $2.13B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $54.6M | $53.5M | $66.1M | $73.8M | $13.4M | $-2.2M | $35.3M | $28.8M |