# IPG Photonics Corp: overview

IPGP · Nasdaq · CIK 1111928 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ipgp.md) · [Financials](/companies/ipgp/financials.md) · [Filings](/companies/ipgp/filings.md) · [Insiders](/companies/ipgp/insiders.md)

Latest reported revenue: [$278.6m](/filings/0001111928-26-000153.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001111928-26-000153).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [233](/filings/0001111928-25-000168.md) | [234 d](/filings/0001111928-26-000040.md) | [228](/filings/0001111928-26-000098.md) | [251](/filings/0001111928-26-000153.md) | [251](/filings/0001111928-25-000168.md) | [274 d](/filings/0001111928-26-000040.md) | [265](/filings/0001111928-26-000098.md) | [279](/filings/0001111928-26-000153.md) |
| Gross margin | % | [23.2%](/filings/0001111928-25-000168.md) | [38.6% d](/filings/0001111928-26-000040.md) | [39.4%](/filings/0001111928-26-000098.md) | [37.3%](/filings/0001111928-26-000153.md) | [39.5%](/filings/0001111928-25-000168.md) | [36.1% d](/filings/0001111928-26-000040.md) | [37.5%](/filings/0001111928-26-000098.md) | [40.4%](/filings/0001111928-26-000153.md) |
| Operating margin | % | [(108.7%)](/filings/0001111928-25-000168.md) | [6.0% d](/filings/0001111928-26-000040.md) | [0.8%](/filings/0001111928-26-000098.md) | [0.0%](/filings/0001111928-26-000153.md) | [3.1%](/filings/0001111928-25-000168.md) | [1.2% d](/filings/0001111928-26-000040.md) | [(2.9%)](/filings/0001111928-26-000098.md) | [1.6%](/filings/0001111928-26-000153.md) |
| Net margin | % | [(100.2%)](/filings/0001111928-25-000168.md) | [3.3% d](/filings/0001111928-26-000040.md) | [1.6%](/filings/0001111928-26-000098.md) | [2.6%](/filings/0001111928-26-000153.md) | [3.0%](/filings/0001111928-25-000168.md) | [4.8% d](/filings/0001111928-26-000040.md) | [0.6%](/filings/0001111928-26-000098.md) | [1.9%](/filings/0001111928-26-000153.md) |
| Diluted EPS | $ per share | [(5.33)](/filings/0001111928-25-000168.md) | not reported | [0.09](/filings/0001111928-26-000098.md) | [0.16](/filings/0001111928-26-000153.md) | [0.18](/filings/0001111928-25-000168.md) | not reported | [0.04](/filings/0001111928-26-000098.md) | [0.12](/filings/0001111928-26-000153.md) |
| Free cash flow | $m | [43.0 d](/filings/0001111928-25-000168.md) | [50.6 d](/filings/0001111928-26-000040.md) | [(11.4)](/filings/0001111928-26-000098.md) | [(17.6) d](/filings/0001111928-26-000153.md) | [14.6 d](/filings/0001111928-25-000168.md) | [10.9 d](/filings/0001111928-26-000040.md) | [(21.8)](/filings/0001111928-26-000098.md) | [17.1 d](/filings/0001111928-26-000153.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,461](/filings/0001111928-24-000019.md) | [1,430](/filings/0001111928-25-000023.md) | [1,287](/filings/0001111928-26-000040.md) | [977](/filings/0001111928-26-000040.md) | [1,004](/filings/0001111928-26-000040.md) |
| Gross margin | % | [47.7%](/filings/0001111928-24-000019.md) | [38.9%](/filings/0001111928-25-000023.md) | [42.1%](/filings/0001111928-26-000040.md) | [34.6%](/filings/0001111928-26-000040.md) | [38.0%](/filings/0001111928-26-000040.md) |
| Operating margin | % | [25.2%](/filings/0001111928-24-000019.md) | [11.9%](/filings/0001111928-25-000023.md) | [18.0%](/filings/0001111928-26-000040.md) | [(21.3%)](/filings/0001111928-26-000040.md) | [1.3%](/filings/0001111928-26-000040.md) |
| Net margin | % | [19.1%](/filings/0001111928-24-000019.md) | [7.7%](/filings/0001111928-25-000023.md) | [17.0%](/filings/0001111928-26-000040.md) | [(18.6%)](/filings/0001111928-26-000040.md) | [3.1%](/filings/0001111928-26-000040.md) |
| Diluted EPS | $ per share | [5.16](/filings/0001111928-24-000019.md) | [2.16](/filings/0001111928-25-000023.md) | [4.63](/filings/0001111928-26-000040.md) | [(4.09)](/filings/0001111928-26-000040.md) | [0.73](/filings/0001111928-26-000040.md) |
| Free cash flow | $m | [267](/filings/0001111928-24-000019.md) | [103](/filings/0001111928-25-000023.md) | [186](/filings/0001111928-26-000040.md) | [149](/filings/0001111928-26-000040.md) | [(3.5)](/filings/0001111928-26-000040.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ipgp/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [First Eagle Investment Management, LLC](/funds/1325447.md) | 2026-06-30 | $391.7m | 3,338,881 |  | Reduced −1,254,468 |
| [First Eagle Investment Management, LLC](/funds/1325447.md) | 2026-06-30 | $391.7m | 3,338,881 |  | Reduced −1,254,468 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $334.4m | 2,850,574 |  | Added +137,233 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $193.1m | 1,646,072 |  | Added +6,081 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $187.7m | 1,600,237 |  | Reduced −101,032 |
| [LAZARD ASSET MANAGEMENT LLC](/funds/1207017.md) | 2026-06-30 | $167.5m | 1,427,735 |  | Added +53,275 |
| [Sumitomo Mitsui Trust Group, Inc.](/funds/1475365.md) | 2026-06-30 | $159.8m | 1,362,115 |  | Added +11,787 |
| [VICTORY CAPITAL MANAGEMENT INC](/funds/1040188.md) | 2026-06-30 | $154.3m | 1,315,485 |  | Added +1,311,457 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $135.1m | 1,151,301 |  | Added +12,576 |
| [NEUBERGER BERMAN GROUP LLC](/funds/1465109.md) | 2026-06-30 | $114.1m | 976,974 |  | Added +132,576 |

## Recent filings

[All 1,583 filings](/companies/ipgp/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-08 | 20:39 ET | [8-K](/filings/0001111928-26-000169.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001111928-26-000169 |
| 2026-08-04 | 20:22 ET | [10-Q](/filings/0001111928-26-000153.md) | Quarterly report, period 2026-06-30 | 0001111928-26-000153 |
| 2026-08-04 | 12:00 ET | [8-K](/filings/0001111928-26-000150.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001111928-26-000150 |
| 2026-07-28 | 20:18 ET | [SCHEDULE 13D/A](/filings/0001508155-26-000004.md) | Ownership report, active investor, amended | 0001508155-26-000004 |
| 2026-07-17 | 10:30 ET | [8-K](/filings/0001111928-26-000142.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001111928-26-000142 |
| 2026-05-15 | 20:29 ET | [8-K](/filings/0001111928-26-000120.md) | 5.07 Shareholder vote results | 0001111928-26-000120 |
| 2026-05-05 | 21:19 ET | [10-Q](/filings/0001111928-26-000098.md) | Quarterly report, period 2026-03-31 | 0001111928-26-000098 |
| 2026-05-05 | 12:01 ET | [8-K](/filings/0001111928-26-000094.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001111928-26-000094 |
| 2026-04-01 | 20:19 ET | [DEF 14A](/filings/0001111928-26-000085.md) | Proxy statement, period 2026-05-12 | 0001111928-26-000085 |
| 2026-03-16 | 20:18 ET | [8-K](/filings/0001111928-26-000074.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001111928-26-000074 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001111928-26-000040.md), filed Feb 23, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/196acca2-c376-44f2-b277-75a92abf5c88)

## About the filer

- CIK: 1111928
- Tickers: IPGP
- Exchange: Nasdaq
- SIC code: 3674 Semiconductors & Related Devices
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:33 ET. No prices; not investment advice.