The financials
IPG Photonics Corporation by the numbers
IPG Photonics Corporation (IPGP) reported revenue of $265M in Q1 2026 (quarter ended March 31, 2026), up 17% from the same quarter a year earlier. That came with a gross margin of 37% and net income of $1.6M (0.6% of revenue). For the full year FY2025, revenue was $1.00B (+2.7% year on year) and net income $31M. Its largest product in 2026-Q2 was Industrial Solutions at $237M, 43% of the disclosed total, just ahead of Lasers And Components at 39%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $265M | $228M | +17% |
| Gross profit | $99M | $90M | +11% |
| Operating income | −$7.7M | $1.8M | to a loss |
| Net income | $1.6M | $3.8M | −58% |
| Diluted EPS | $0.04 | $0.09 | −56% |
| Product | Revenue | Share |
|---|---|---|
| Industrial Solutions | $237M | 43% |
| Lasers And Components | $220M | 39% |
| Systems | $59M | 11% |
| Advanced Solutions | $42M | 7.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $557.2M (+4.9%)
Advanced Solutions grew +463% year on yearSystems +297% year on year
Segment Latestquarter on quarteryear on year
- Industrial Solutions$237.0M$237.0MQoQ +4.2%year on year -+4.2%-
- Lasers And Components$219.8M$219.8MQoQ +2.9%year on year +343%+2.9%+343%
- Systems$58.8M$58.8MQoQ +13%year on year +297%+13%+297%
- Advanced Solutions$41.5M$41.5MQoQ +9.6%year on year +463%+9.6%+463%
- Amplifiers Laser Systems Service Parts Accessories And Change In Deferred--QoQ -year on year ---
- Amplifiers Laser Systems Service Parts Accessories--QoQ -year on year ---
- High Power Continuous Wave CW Lasers--QoQ -year on year ---
- Laser And Non Laser Systems--QoQ -year on year ---
- Materials Processing--QoQ -year on year ---
- Medium Power CW Lasers--QoQ -year on year ---
- Other Applications--QoQ -year on year ---
- Pulsed Lasers--QoQ -year on year ---
- Quasi Continuous Wave QCW Lasers--QoQ -year on year ---
Semiconductor Equipment & Materials
Ranks #20 of 22 by Smart Score