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Side-by-side financial comparison of AMBARELLA INC (AMBA) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
IPG PHOTONICS CORP is the larger business by last-quarter revenue ($274.5M vs $108.5M, roughly 2.5× AMBARELLA INC). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -13.9%, a 18.8% gap on every dollar of revenue. On growth, AMBARELLA INC posted the faster year-over-year revenue change (31.2% vs 17.1%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $10.9M). Over the past eight quarters, AMBARELLA INC's revenue compounded faster (45.0% CAGR vs 4.4%).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
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.
AMBA vs IPGP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $274.5M |
| Net Profit | $-15.1M | $13.3M |
| Gross Margin | 59.6% | 36.1% |
| Operating Margin | -15.0% | 1.2% |
| Net Margin | -13.9% | 4.8% |
| Revenue YoY | 31.2% | 17.1% |
| Net Profit YoY | 37.2% | 69.8% |
| EPS (diluted) | $-0.35 | $0.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $108.5M | $274.5M | ||
| Q3 25 | $95.5M | $250.8M | ||
| Q2 25 | $85.9M | $250.7M | ||
| Q1 25 | $84.0M | $227.8M | ||
| Q4 24 | $82.7M | $234.3M | ||
| Q3 24 | $63.7M | $233.1M | ||
| Q2 24 | $54.5M | $257.6M | ||
| Q1 24 | $51.6M | $252.0M |
| Q4 25 | $-15.1M | $13.3M | ||
| Q3 25 | $-20.0M | $7.5M | ||
| Q2 25 | $-24.3M | $6.6M | ||
| Q1 25 | $-20.2M | $3.8M | ||
| Q4 24 | $-24.1M | $7.8M | ||
| Q3 24 | $-34.9M | $-233.6M | ||
| Q2 24 | $-37.9M | $20.2M | ||
| Q1 24 | $-60.6M | $24.1M |
| Q4 25 | 59.6% | 36.1% | ||
| Q3 25 | 58.9% | 39.5% | ||
| Q2 25 | 60.0% | 37.3% | ||
| Q1 25 | 60.0% | 39.4% | ||
| Q4 24 | 60.6% | 38.6% | ||
| Q3 24 | 60.8% | 23.2% | ||
| Q2 24 | 60.9% | 37.3% | ||
| Q1 24 | 59.8% | 38.7% |
| Q4 25 | -15.0% | 1.2% | ||
| Q3 25 | -23.0% | 3.1% | ||
| Q2 25 | -30.1% | 0.0% | ||
| Q1 25 | -30.2% | 0.8% | ||
| Q4 24 | -30.9% | 6.0% | ||
| Q3 24 | -56.9% | -108.7% | ||
| Q2 24 | -72.4% | 4.7% | ||
| Q1 24 | -80.8% | 7.6% |
| Q4 25 | -13.9% | 4.8% | ||
| Q3 25 | -20.9% | 3.0% | ||
| Q2 25 | -28.3% | 2.6% | ||
| Q1 25 | -24.1% | 1.6% | ||
| Q4 24 | -29.1% | 3.3% | ||
| Q3 24 | -54.8% | -100.2% | ||
| Q2 24 | -69.6% | 7.8% | ||
| Q1 24 | -117.4% | 9.6% |
| Q4 25 | $-0.35 | $0.30 | ||
| Q3 25 | $-0.47 | $0.18 | ||
| Q2 25 | $-0.58 | $0.16 | ||
| Q1 25 | $-0.48 | $0.09 | ||
| Q4 24 | $-0.58 | $0.27 | ||
| Q3 24 | $-0.85 | $-5.33 | ||
| Q2 24 | $-0.93 | $0.45 | ||
| Q1 24 | $-1.51 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.1M | $839.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $590.1M | $2.1B |
| Total Assets | $751.9M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $839.3M | ||
| Q3 25 | $142.7M | $870.4M | ||
| Q2 25 | $141.3M | $899.6M | ||
| Q1 25 | $144.6M | $926.9M | ||
| Q4 24 | $127.1M | $930.2M | ||
| Q3 24 | $153.9M | $1.0B | ||
| Q2 24 | $131.8M | $1.1B | ||
| Q1 24 | $144.9M | $1.1B |
| Q4 25 | $590.1M | $2.1B | ||
| Q3 25 | $576.5M | $2.1B | ||
| Q2 25 | $572.7M | $2.1B | ||
| Q1 25 | $561.4M | $2.1B | ||
| Q4 24 | $554.3M | $2.0B | ||
| Q3 24 | $547.6M | $2.1B | ||
| Q2 24 | $555.4M | $2.3B | ||
| Q1 24 | $559.9M | $2.3B |
| Q4 25 | $751.9M | $2.4B | ||
| Q3 25 | $706.4M | $2.4B | ||
| Q2 25 | $701.9M | $2.4B | ||
| Q1 25 | $689.0M | $2.3B | ||
| Q4 24 | $670.8M | $2.3B | ||
| Q3 24 | $650.3M | $2.4B | ||
| Q2 24 | $638.7M | $2.5B | ||
| Q1 24 | $657.7M | $2.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $28.8M |
| Free Cash FlowOCF − Capex | $31.4M | $10.9M |
| FCF MarginFCF / Revenue | 29.0% | 4.0% |
| Capex IntensityCapex / Revenue | 2.7% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $28.8M | ||
| Q3 25 | $5.5M | $35.3M | ||
| Q2 25 | $14.8M | $-2.2M | ||
| Q1 25 | $25.4M | $13.4M | ||
| Q4 24 | $6.6M | $73.8M | ||
| Q3 24 | $16.7M | $66.1M | ||
| Q2 24 | $-15.0M | $53.5M | ||
| Q1 24 | $-4.0M | $54.6M |
| Q4 25 | $31.4M | $10.9M | ||
| Q3 25 | $1.4M | $14.6M | ||
| Q2 25 | $10.2M | $-17.6M | ||
| Q1 25 | $21.2M | $-11.4M | ||
| Q4 24 | $4.1M | $50.6M | ||
| Q3 24 | $14.2M | $43.0M | ||
| Q2 24 | $-16.1M | $29.2M | ||
| Q1 24 | $-6.0M | $26.5M |
| Q4 25 | 29.0% | 4.0% | ||
| Q3 25 | 1.4% | 5.8% | ||
| Q2 25 | 11.9% | -7.0% | ||
| Q1 25 | 25.3% | -5.0% | ||
| Q4 24 | 5.0% | 21.6% | ||
| Q3 24 | 22.2% | 18.4% | ||
| Q2 24 | -29.5% | 11.3% | ||
| Q1 24 | -11.6% | 10.5% |
| Q4 25 | 2.7% | 6.5% | ||
| Q3 25 | 4.3% | 8.3% | ||
| Q2 25 | 5.3% | 6.1% | ||
| Q1 25 | 5.0% | 10.9% | ||
| Q4 24 | 3.0% | 9.9% | ||
| Q3 24 | 4.0% | 9.9% | ||
| Q2 24 | 2.1% | 9.4% | ||
| Q1 24 | 3.7% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | — | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
