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IPGP · NASDAQ · Semiconductors

IPG Photonics

Develops and manufactures lasers for industrial materials processing, medical, and advanced applications.

$76.53

After-hours close+0.01 (+0.01%)

At close$76.52(−0.94%)

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Profile

IPG Photonics CorporationIPGPInformation Technology

Develops and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems. Materials processing is its central application base, supported by vertically integrated manufacturing.

Develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems. Materials processing is the central application base, including welding, marking, additive manufacturing, and cleaning, alongside medical and advanced applications. The catalog combines light-source components and systems rather than a single end-market equipment line.

Manufacturing is vertically integrated from components through finished laser products, supporting technical product development and application expansion. Operations span multiple countries, while the company is headquartered in Massachusetts. Materials processing remains the central commercial focus, and the organization depends on its manufacturing model and continued application development.

Company facts

CEOMark M. Gitin, Ph.D.

ListedDec 13, 2006

ExchangeNASDAQ

HeadquartersMarlborough, MA

CountryUnited States

Employees4,840

CIK0001111928

ISINUS44980X1090

Key statistics

Market cap$3.25B

EPS (ttm)$0.6500

P/E (ttm)117.74

ROE1.3%

P/B1.52

P/S3.04

Dividend yield—

Beta2.10vs XLK 1.13

Year to date +2.2% · Average volume (30d) 527.6K

Analysts

Price target, next 12 months$135.50+77.1%Median of 27 analysts · vs the Aug 28 close

ConsensusBuy16 of 27 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $76.53

High$151.00+97.3%

Median$135.50+77.1%

Low$120.00+56.8%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Jul 17, 2026	Needham	Reiterate		Buy	$110	$120
May 19, 2026	Roth Capital	Target			$110	$151
May 6, 2026	Needham	Upgrade	Hold	Buy		$110
Feb 13, 2026	Stifel Nicolaus	Target			$92	$165
Feb 13, 2026	Raymond James	Downgrade	Strong Buy	Outperform		$180

Earnings

EPS

Estimate$0.49

ReportedDue Nov 3, 2026

Revenue

Estimate$283.1M

ReportedDue Nov 3, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 4, 2026Q2 FY26	$0.37	$0.12	−67.2%	$280.0M	$278.6M	−0.5%	+7.88%
May 5, 2026Q1 FY26	$0.32	$0.29	−9.4%	$257.0M	$265.5M	+3.3%	+12.22%
Feb 12, 2026Q4 FY25	$0.25	$0.46	+84.0%	$249.5M	$274.5M	+10.0%	+2.44%
Nov 4, 2025Q3 FY25	$0.16	$0.35	+118.7%	$249.3M	$250.8M	+0.6%	+5.89%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$227.8M	$250.7M	$250.8M	$274.5M	$265.5M	$278.6M
Gross profit	$89.8M	$93.6M	$99.0M	$99.1M	$99.5M	$112.5M
Operating income	$1.8M	$104.0K	$7.9M	$3.3M	−$7.7M	$4.5M
Net income	$3.8M	$6.6M	$7.5M	$13.3M	$1.6M	$5.2M
Diluted EPS	$0.09	$0.16	$0.18	$0.31	$0.04	$0.12
Gross margin	39.4%	37.3%	39.5%	36.1%	37.5%	40.4%
Operating margin	0.8%	0.0%	3.1%	1.2%	-2.9%	1.6%

Fiscal years (4-quarter sums)FY21 $1.46B · FY22 $1.43B · FY23 $1.29B · FY24 $977.1M · FY25 $1.00B

Revenue by product · Q2 FY26

Industrial Solutions$237.0M · 80%

Systems$58.8M · 20%

Revenue by geography · Q2 FY26

Asia$138.7M · 29%

China$95.7M · 20%

North America$72.2M · 15%

Europe$59.3M · 12%

Other European Geographical Areas$31.6M · 7%

Other Asian Geographical Areas$31.1M · 7%

Germany$27.7M · 6%

Japan$11.9M · 2%

Rest Of World$8.4M · 2%

Balance sheet, Jun 30, 2026Cash & short-term investments $871.3M · Total debt $16.3M · Total assets $2.42B · Shareholders' equity $2.13B

Dividends

No dividends on record.

Ownership

Institutions 80.76%34.28M sharesInsiders 1.34%566.9K sharesOther 17.90%7.60M shares

Shares outstanding 42.44M · Float 26.10M · 61.5% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Shcherbakov Eugene A	14.58M	34.30%	13D	Jul 28, 2026
Valentin Gapontsev Trust I · 10 percent owner	6.67M	15.72%	Form 4	Jul 22, 2026
Ip Fibre Devices Ltd · 10 percent owner	6.41M	15.09%	Form 4	Aug 6, 2026
First Eagle Investment Management, LLC	3.34M	7.87%	13F	Aug 24, 2026
BlackRock, Inc.	2.85M	6.72%	13F	Aug 7, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 26, 2026	John R. Peeler	director	+2,710	$73.58
Aug 5, 2026	Ip Fibre Devices Ltd	10 percent owner	−18,111	$96.12
Aug 4, 2026	Ip Fibre Devices Ltd	10 percent owner	−12,202	$95.18
Jul 31, 2026	Eugene A. Scherbakov	director, 10 percent owner:	−1,524	$86.61
Jul 31, 2026	Ip Fibre Devices Ltd	10 percent owner	−27,000	$85.81