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
$257.6M
Gross Profit
$96.2M
Operating Profit
$12.0M
Net Profit
$20.2M
Gross Margin
37.3%
Operating Margin
4.7%
Net Margin
7.8%
YoY Growth
-24.2%
EPS
$0.45
IPG PHOTONICS CORP Q2 FY2024 Financial Summary
IPG PHOTONICS CORP reported revenue of $257.6M (down 24.2% YoY) for Q2 FY2024, with a net profit of $20.2M (down 67.7% YoY) (7.8% margin). Cost of goods sold was $161.5M, operating expenses totaled $84.1M.
Key Financial Metrics
| Total Revenue | $257.6M |
|---|---|
| Net Profit | $20.2M |
| Gross Margin | 37.3% |
| Operating Margin | 4.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
IPG PHOTONICS CORP Q2 FY2024 revenue of $257.6M breaks down across 10 segments, led by Other European Geographical Areas at $53.7M (20.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other European Geographical Areas | $53.7M | 20.9% |
| Pulsed Lasers | $42.5M | 16.5% |
| Laser And Non Laser Systems | $38.7M | 15.0% |
| Other Applications | $31.9M | 12.4% |
| Other Asian Geographical Areas | $27.6M | 10.7% |
| DE | $20.8M | 8.1% |
| Medium Power CW Lasers | $15.8M | 6.1% |
| Quasi Continuous Wave QCW Lasers | $10.5M | 4.1% |
| Transferred Over Time | $9.5M | 3.7% |
| Other | $6.6M | 2.5% |
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 Other European Geographical Areas and Pulsed Lasers) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Pulsed Lasers | — | $34.2M | — | — |
| Laser And Non Laser Systems | $38.8M | — | $39.8M | $33.1M |
| 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 |