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
$227.8M
Gross Profit
$89.8M
Operating Profit
$1.8M
Net Profit
$3.8M
Gross Margin
39.4%
Operating Margin
0.8%
Net Margin
1.6%
YoY Growth
-9.6%
EPS
$0.09
IPG PHOTONICS CORP Q1 FY2025 Financial Summary
IPG PHOTONICS CORP reported revenue of $227.8M (down 9.6% YoY) for Q1 FY2025, with a net profit of $3.8M (down 84.4% YoY) (1.6% margin). Cost of goods sold was $138.0M, operating expenses totaled $88.0M.
Key Financial Metrics
| Total Revenue | $227.8M |
|---|---|
| Net Profit | $3.8M |
| Gross Margin | 39.4% |
| Operating Margin | 0.8% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
IPG PHOTONICS CORP Q1 FY2025 revenue of $227.8M breaks down across 7 segments, led by High Power Continuous Wave CW Lasers at $69.4M (30.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| High Power Continuous Wave CW Lasers | $69.4M | 30.5% |
| Amplifiers Laser Systems Service Parts Accessories And Change In Deferred Revenue | $53.4M | 23.4% |
| Laser And Non Laser Systems | $33.1M | 14.5% |
| Other Applications | $32.1M | 14.1% |
| Medium Power CW Lasers | $24.4M | 10.7% |
| Quasi Continuous Wave QCW Lasers | $10.9M | 4.8% |
| Transferred Over Time | $3.8M | 1.7% |
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 Amplifiers Laser Systems Service Parts Accessories And Change In Deferred Revenue) 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 |
| Amplifiers Laser Systems Service Parts Accessories And Change In Deferred Revenue | — | — | $64.5M | $53.4M |
| Laser And Non Laser Systems | $38.8M | — | $39.8M | $33.1M |
| Other Applications | — | $31.4M | $38.5M | $32.1M |
| Medium Power CW Lasers | — | $21.1M | $20.7M | $24.4M |
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 |