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Nasdaq · Technology

IPG PHOTONICS CORP (IPGP)

As-reported financials and SEC filings for IPG PHOTONICS CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About IPG PHOTONICS CORP

IPG Photonics Corporation develops, manufactures, and sells high-performance fiber lasers, fiber amplifiers, diode lasers, and laser-based systems for applications in materials processing, medical fields, and advanced technologies. The company serves original equipment manufacturers, system integrators, and end users worldwide, offering products such as continuous wave lasers, pulsed lasers, and diode lasers used in welding, cutting, marking, and additive manufacturing across industries including automotive, consumer goods, energy, aerospace, and medical devices. IPG Photonics operates manufacturing facilities in the United States and Germany and maintains sales and service offices globally.

Snapshot

Revenue
$1.00B
Revenue growth (YoY)
2.7%
Net income
$31.1M
Diluted EPS
$0.73
Gross margin
38.0%
Operating margin
1.3%
Net margin
3.1%
FCF margin
-0.3%
ROE
1.5%
net income / fiscal-year-end equity
P/E
117.7×
trailing when available, otherwise FY EPS
Market cap
$3.26B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ipg Photonics

  • Revenue grew 2.7% to $1.0B in FY2025, after a 24.1% decline the year before.
  • Operating margin is 1.3% in FY2025, -23.9 pp against 25.2% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $279M, up 11.1% from Q2 FY2025.
  • Free cash flow was negative $3M in FY2025.
  • Net income turned positive at $31M in FY2025, from a $182M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ipg Photonics’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin38.0%
42nd percentile of 78
Operating margin1.3%
47th percentile of 79
Net margin3.1%
53rd percentile of 80
FCF margin-0.3%
30th percentile of 78
Revenue growth (YoY)+2.7%
33rd percentile of 88
ROE1.5%
48th percentile of 74
P/E117.7×
88th percentile of 44
Short interest7.45d
91st percentile of 88

Ipg Photonics’s P/E of 117.7 ranks in the 88th percentile of the 44 peers with a meaningful P/E.

2 reported insider purchases (code P) totaling $199,400 in the last 90 days, against 33 sales totaling $18.4M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+4 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$506.8M
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ2 2026$391.7M3.3MReduced
AQR Capital ManagementquantQ2 2026$50.6M448.6KAdded
Citadel AdvisorsquantQ2 2026$44.3M377.8KAdded
Renaissance TechnologiesquantQ2 2026$14.3M122.2KAdded
Two Sigma InvestmentsquantQ2 2026$4.8M40.7KAdded
Gotham Asset ManagementQ2 2026$1.0M8.8KReduced

No longer held by: Bridgewater Associates (as of Q2 2026), Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
2
1 insider
Bought (90d)
$199K
code P value
Sells (90d)
33
$18.4M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-27
PEELER JOHN RDirectorBuy1.6K$72.84$113K
2026-08-26
filed 2026-08-27
PEELER JOHN RDirectorBuy1.2K$74.57$86K
2026-08-05
filed 2026-08-06
IP FIBRE DEVICES LTD10% ownerSell11.9K$95.31$1.1M
2026-08-05
filed 2026-08-06
IP FIBRE DEVICES LTD10% ownerSell4.3K$97.81$423K
2026-08-05
filed 2026-08-06
IP FIBRE DEVICES LTD10% ownerSell1.3K$96.76$128K
2026-08-05
filed 2026-08-06
IP FIBRE DEVICES LTD10% ownerSell550$98.71$54K
2026-08-04
filed 2026-08-06
IP FIBRE DEVICES LTD10% ownerSell12.2K$95.18$1.2M
2026-07-31
filed 2026-08-04
IP FIBRE DEVICES LTD10% ownerSell26.0K$85.76$2.2M
2026-07-31
filed 2026-08-04
SCHERBAKOV EUGENE ADirectorSell783$85.72$67K
2026-07-31
filed 2026-08-04
IP FIBRE DEVICES LTD10% ownerSell506$86.14$44K
2026-07-31
filed 2026-08-04
IP FIBRE DEVICES LTD10% ownerSell300$88.59$27K
2026-07-31
filed 2026-08-04
SCHERBAKOV EUGENE ADirectorSell300$87.45$26K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.5M
settled 2026-08-14
Change vs prior
+0.5%
vs previous settlement
Days to cover
7.45
at avg daily volume
Avg daily volume
470.1K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.5M+0.5%7.45
2026-07-313.5M+10.5%9.46
2026-07-153.2M+13.0%9.60
2026-06-302.8M+4.7%6.23
2026-06-152.7M-3.5%4.66
2026-05-292.8M+7.8%5.06
2026-05-152.6M+14.2%3.22
2026-04-302.2M+9.3%4.90

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.00B$977.1M$1.29B$1.43B$1.46B
Gross profit$381.5M$338.2M$541.7M$555.4M$696.4M
Operating income$13.1M$-208.3M$232.0M$169.5M$367.9M
Net income$31.1M$-181.5M$218.9M$109.9M$278.4M
Diluted EPS$0.73$-4.09$4.63$2.16$5.16

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$403.8M$620.0M$514.7M$698.2M$709.1M
Current assets$1.42B$1.43B$1.91B$1.99B$2.35B
Total assets$2.42B$2.29B$2.70B$2.74B$3.17B
Current liabilities$234.0M$205.0M$214.9M$274.6M$313.4M
Long-term debt$0$16.0M
Total liabilities$296.1M$264.8M$283.5M$357.9M$423.3M
Total equity$2.13B$2.02B$2.42B$2.39B$2.75B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$75.3M$247.9M$296.0M$212.6M$389.7M
Capital expenditure$78.8M$98.5M$110.5M$110.1M$123.1M
Free cash flow$-3.5M$149.4M$185.5M$102.5M$266.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$278.6M11.1%$5.2M$0.12
Q1 FY2026$265.5M16.6%$1.6M$0.04
Q4 FY2025$274.5M17.1%$13.3M$0.31
Q3 FY2025$250.8M7.6%$7.5M$0.18
Q2 FY2025$250.7M-2.7%$6.6M$0.16
Q1 FY2025$227.8M-9.6%$3.8M$0.09
Q4 FY2024$234.3M-21.6%$7.8M$0.18
Q3 FY2024$233.1M-22.6%$-233.6M$-5.33

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1111928

Selected SEC filings

10-K/A2026-03-06
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-07-17
View on EDGAR →
8-K2026-05-15
View on EDGAR →
8-K2026-05-05
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.