IPG Photonics Corporation
IPGP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- IPG Photonics operates in a competitive semiconductor equipment industry, which is poised for growth as demand for laser technology increases across various sectors.
- Revenue increased by 5% compared to the prior quarter, reaching $279 million.
- Gross margin improved to 40.4%, up from 37.5% in the previous quarter.
- The company's earnings growth has been negative, with a decline of 22.8% year-over-year, indicating potential challenges in profitability.
- Net income for 2025 is projected at $31.096 million, a significant drop from $218.878 million in 2023.
- The trailing P/E ratio stands at 128.75, suggesting that the stock may be overvalued compared to its earnings.
Fundamentals
| Market cap | $3.31B | Enterprise value | $2.45B | Trailing P/E | 119.60 | Forward P/E | 33.70 |
| PEG | 1.83 | Price / book | 1.55 | Beta | 0.97 | Dividend yield | 0.00% |
| Revenue growth | 11.1% | Earnings growth | -22.8% | Gross margin | 37.9% | Operating margin | 5.9% |
| Profit margin | 2.6% | ROE | 1.3% | ROA | 1.0% | Debt / equity | 0.01 |
| Current ratio | 6.18 | Free cash flow | $45.32M | Analyst recommendation | buy | Mean target | $124.14 |
| 52w high | $155.82 | 52w low | $69.41 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $279M | $265M | $274M | $251M | $251M | — |
| Op margin | 7.6% | 2.1% | 2.1% | 3.9% | 1.3% | — |
| Net income | $5.2M | $1.6M | $13.3M | $7.5M | $6.6M | — |
| Gross margin | 40.4% | 37.5% | 36.1% | 39.5% | 37.3% | — |
| Gross profit | $113M | $99.5M | $99.1M | $99.0M | $93.6M | — |
| Operating income | $21.2M | $5.6M | $5.8M | $9.8M | $3.2M | — |
- Revenue +5% vs prior quarter ($279M vs $265M).
- Gross margin 40.4% (was 37.5% prior quarter).
- Operating margin expanded to 7.6%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $1.0B | $977M | $1.3B | $1.4B | — |
| Op margin | 2.3% | 1.5% | 18.0% | 16.2% | — |
| Net income | $31.1M | -$182M | $219M | $110M | — |
| Gross margin | 38.0% | 34.6% | 42.1% | 38.9% | — |
| Gross profit | $381M | $338M | $542M | $555M | — |
| Operating income | $23.1M | $14.5M | $232M | $231M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · IPG Photonics, Nova, Teradyne, NXP Semiconductors, and Microchip Technology Stocks Trade Down, What You Need To Know
2026-10-06 · IPG Photonics Insider Sold Shares Worth $259,994, According to a Recent SEC Filing
2026-10-05 · IPG Defense to Display CROSSBOW™ High-Energy Laser Systems at Land Forces 2026 in Perth
2026-10-02 · Your Coherent Stock Thesis Has One Loose End
2026-10-02 · What Needs To Be True To Buy Coherent Stock Now?
2026-09-29 · What Does Amphenol Offer That Coherent Does Not?
2026-09-25 · 1 Cash-Producing Stock on Our Buy List and 2 We Ignore
2026-09-24 · BofA Securities Adjusts IPG Photonics Price Target to $78 From $92.50
2026-09-22 · TTM Technologies (TTMI) Stock Trades Up, Here Is Why
2026-09-15 · Spotting Winners: IPG Photonics (NASDAQ:IPGP) And Semiconductor Manufacturing Stocks In Q2
2026-09-14 · 3 Reasons to Sell IPGP and 1 Stock to Buy Instead
2026-09-14 · 1 Semiconductor Stock with Exciting Potential and 2 Facing Headwinds
Price (daily)
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