IPG PHOTONICS CORP IPGP

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

IPG Photonics Corporation ("IPG", the "Company", the "Registrant", "we", "us" or "our") develops, manufactures and sells high-performance fiber lasers, fiber amplifiers, diode lasers and laser-based systems that are used for diverse applications in materials processing, medical and advanced applications. Fiber lasers combine the advantages of semiconductor diodes, such as long life and high efficiency, with the high amplification and precise beam qualities of specialty optical fibers to deliver superior performance, reliability and usability.

We sell our products globally to original equipment manufacturers ("OEMs"), system integrators and end users. We market our products internationally, primarily through our direct sales force. Our major manufacturing facilities are located in the United States and Germany. We have sales service offices and applications laboratories worldwide.

Last close 71.07 2026-10-23
Market cap $3.02B 2026-06-30 share count
52-week range 68.27 - 155.82

Valuation FY2025 figures against the last close

P/S3.0x
P/E97.4x
P/FCF—
EV/EBITDA37.8x
Dividend yield—
Diluted EPS0.73

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.00B$977.1M$1.29B$1.43B$1.46B$1.20B$1.31B$1.46B$1.41B$1.01B
Cost of revenue $622.3M$639.0M$745.7M$874.1M$764.5M$661.7M$708.4M$659.6M$612.0M$453.9M
Gross profit $381.5M$338.2M$541.7M$555.4M$696.4M$539.0M$606.2M$800.3M$796.9M$552.2M
R&D $117.4M$109.8M$98.7M$116.1M$139.6M$126.9M$130.0M$122.8M$100.9M$78.6M
SG&A $143.1M$124.3M$125.7M$131.3M$125.9M$110.0M$107.6M$102.4M$80.7M$66.5M
Total operating expenses $368.4M$546.4M$309.7M$385.9M$328.5M$340.3M$372.4M$276.9M$245.8M$187.9M
Operating income $13.1M-$208.3M$232.0M$169.5M$367.9M$198.7M$233.8M$523.4M$551.1M$364.3M
Pre-tax income $45.1M-$161.9M$274.9M$183.4M$366.5M$205.7M$248.4M$534.4M$551.9M$366.6M
Income tax $14.0M$19.6M$56.0M$72.6M$88.6M$45.4M$68.1M$130.2M$204.3M$105.8M
Net income $31.1M-$181.5M$218.9M$109.9M$278.4M$159.6M$180.2M$404.0M$347.6M$260.8M
EPS, basic 0.73-4.094.642.175.213.003.407.556.504.91
EPS, diluted 0.73-4.094.632.165.162.973.357.386.364.85
Shares, diluted (wtd. avg.) 42.6M44.3M47.3M50.9M53.9M53.8M53.8M54.7M54.7M53.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $403.8M$620.0M$514.7M$698.2M$709.1M$878.6M$683.0M$544.4M$909.9M$623.9M
Short-term investments $435.5M$310.2M$662.8M$479.4M$805.4M$514.8M$502.5M$500.4M$206.3M$206.8M
Receivables $181.7M$171.1M$219.1M$211.3M$262.1M$264.3M$238.5M$255.5M$237.3M$155.9M
Inventory $313.4M$284.8M$453.9M$509.4M$460.7M$365.0M$380.8M$403.6M$307.7M$239.0M
Total current assets $1.42B$1.43B$1.91B$1.99B$2.35B$2.15B$1.90B$1.81B$1.75B$1.30B
Property, plant and equipment $637.5M$588.4M$602.3M$580.6M$635.3M$597.5M$600.9M$543.1M$460.2M$379.4M
Goodwill $71.7M$67.2M$38.5M$38.3M$38.6M$41.4M$82.1M$100.7M$55.8M$19.8M
Other intangibles $49.9M$55.4M$26.2M$34.1M$52.7M$62.1M$74.3M$87.1M$51.2M$28.8M
Total assets $2.42B$2.29B$2.70B$2.74B$3.17B$2.94B$2.73B$2.57B$2.37B$1.79B
Accounts payable $39.3M$35.4M$28.6M$46.2M$55.8M$25.7M$27.3M$36.3M$35.1M$28.0M
Short-term debt ——$0$16.0M$18.1M$3.8M$3.7M$3.7M$3.6M$3.2M
Total current liabilities $234.0M$205.0M$214.9M$274.6M$313.4M$214.6M$191.9M$245.8M$198.9M$158.3M
Long-term debt ———$0$16.0M$34.2M$38.0M$41.7M$45.4M$37.6M
Total liabilities $296.1M$264.8M$283.5M$357.9M$423.3M$341.6M$328.0M$368.2M$344.9M$232.3M
Retained earnings $2.64B$2.61B$2.80B$2.58B$2.47B$2.19B$2.03B$1.85B$1.44B$1.09B
Total equity $2.13B$2.02B$2.42B$2.39B$2.75B$2.59B$2.40B$2.21B$2.02B$1.56B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $75.3M$247.9M$296.0M$212.6M$389.7M$285.3M$323.5M$393.3M$405.4M$297.7M
Depreciation and amortisation $66.9M$61.4M$69.6M$90.6M$96.3M$94.6M$96.3M$80.3M$64.6M$51.5M
Stock-based compensation $42.9M$37.1M$39.5M$38.3M$37.9M$35.5M$33.4M$28.0M$23.0M$21.7M
Capital expenditure $78.8M$98.5M$110.5M$110.1M$123.1M$87.7M$133.5M$160.3M$126.5M$127.0M
Investing cash flow -$265.2M$208.7M-$237.6M$297.0M-$416.3M-$99.6M-$140.0M-$563.0M-$170.8M-$274.4M
Financing cash flow -$54.2M-$339.6M-$236.4M-$514.5M-$125.1M-$10.1M-$37.1M-$166.6M-$3.4M$27.4M
Buybacks $53.1M$343.8M$223.5M$499.5M$134.9M$37.9M$40.7M$176.1M$40.0M$8.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001111928-26-000068.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 1B Gross profit, FY2016: 552.2M Net income, FY2016: 260.8M Revenue, FY2017: 1.4B Gross profit, FY2017: 796.9M Net income, FY2017: 347.6M Revenue, FY2018: 1.5B Gross profit, FY2018: 800.3M Net income, FY2018: 404M Revenue, FY2019: 1.3B Gross profit, FY2019: 606.2M Net income, FY2019: 180.2M Revenue, FY2020: 1.2B Gross profit, FY2020: 539M Net income, FY2020: 159.6M Revenue, FY2021: 1.5B Gross profit, FY2021: 696.4M Net income, FY2021: 278.4M Revenue, FY2022: 1.4B Gross profit, FY2022: 555.4M Net income, FY2022: 109.9M Revenue, FY2023: 1.3B Gross profit, FY2023: 541.7M Net income, FY2023: 218.9M Revenue, FY2024: 977.1M Gross profit, FY2024: 338.2M Net income, FY2024: -181.5M Revenue, FY2025: 1B Gross profit, FY2025: 381.5M Net income, FY2025: 31.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.01B $1.41B $1.46B $1.31B $1.20B $1.46B $1.43B $1.29B $977.1M $1.00B
Gross profit $552.2M $796.9M $800.3M $606.2M $539.0M $696.4M $555.4M $541.7M $338.2M $381.5M
Net income $260.8M $347.6M $404.0M $180.2M $159.6M $278.4M $109.9M $218.9M -$181.5M $31.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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