IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks; and ytterbium and thulium specialty fiber amplifiers and broadband light sources. In addition, the company offers integrated laser systems; 2D compact flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; and specialized fiber laser systems for material processing applications; and optical transceiver and transponder modules for interconnecting electronic equipment, including Ethernet switches, IP routers and SONET/SDH optical transport modules within telecommunications, cable multi-system operator, and data center networking applications. Its lasers and amplifiers are also used in materials processing, communications, and medical and advanced applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.
IPO Year: 2006
Exchange: NASDAQ
Website: ipgphotonics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2025 | $76.00 | Neutral → Buy | CL King |
| 12/4/2024 | Buy → Neutral | Northcoast | |
| 8/1/2024 | Buy → Neutral | Seaport Research Partners | |
| 7/31/2024 | Buy → Hold | The Benchmark Company | |
| 2/15/2024 | $111.00 → $74.00 | Neutral → Sell | Citigroup |
| 1/25/2024 | $125.00 | Buy | Seaport Research Partners |
| 8/18/2023 | $152.00 → $111.00 | Buy → Neutral | Citigroup |
| 8/2/2023 | $170.00 | Outperform → Strong Buy | Raymond James |
| 6/14/2023 | $170.00 | Mkt Perform → Outperform | Raymond James |
| 11/1/2022 | Underperform → Mkt Perform | Raymond James |
CL King upgraded IPG Photonics from Neutral to Buy and set a new price target of $76.00
Northcoast downgraded IPG Photonics from Buy to Neutral
Seaport Research Partners downgraded IPG Photonics from Buy to Neutral
The Benchmark Company downgraded IPG Photonics from Buy to Hold
Citigroup downgraded IPG Photonics from Neutral to Sell and set a new price target of $74.00 from $111.00 previously
Seaport Research Partners initiated coverage of IPG Photonics with a rating of Buy and set a new price target of $125.00
Citigroup downgraded IPG Photonics from Buy to Neutral and set a new price target of $111.00 from $152.00 previously
Raymond James upgraded IPG Photonics from Outperform to Strong Buy and set a new price target of $170.00
Raymond James upgraded IPG Photonics from Mkt Perform to Outperform and set a new price target of $170.00
Raymond James upgraded IPG Photonics from Underperform to Mkt Perform
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Mark Gitin Appointed Next Chief Executive Officer and to Board of Directors Co-Founder Dr. Eugene Scherbakov to Remain a Member of the Board MARLBOROUGH, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) ("IPG" or the "Company") today announced that its Board of Directors (the "Board") has appointed Mark Gitin, 57, as the next Chief Executive Officer of the Company and as a member of the Board, effective June 5, 2024. Dr. Gitin's appointment follows a robust succession planning process, which was conducted with the assistance of a leading independent search firm and considered both internal and external candidates. Following Dr. Gitin's addition, the Boar
FREMONT, Calif., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ:ENVX), the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries, today announced two major developments related to its laser program: a non-binding Memorandum of Understanding (MOU) with IPG Photonics Corporation (NASDAQ:IPGP), the leader in high-power fiber laser technology, to collaborate to develop cutting edge, next-generation laser tooling and methods to optimize battery cell manufacturing processes and productivity, and the appointment of Manuel Leonardo, an expert in the field of laser photonics, as Senior Staff Laser Engineer. Enovix believes these two devel
Demand Recovery Strengthens, Driving Revenue of $346 Million and Earnings per Diluted Share of $1.26 Eugene A. Scherbakov to become CEO and Valentin P. Gapontsev to transition to Executive Chairman of the Board OXFORD, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the first quarter ended March 31, 2021. In a separate press release, the Company announced CEO transition, which is effective immediately. Three Months Ended March 31, (In millions, except per share data and percentages) 2021 2020 ChangeRevenue $345.6 $249.2 39 %Gross margin 47.5 % 41.3 % Operating income $88.8 $44.8 98 %Operating margin 25.7 %
Eugene A. Scherbakov, COO, to become CEO Valentin P. Gapontsev, CEO, to transition to Executive Chairman of the Board and remain active OXFORD, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced a management change, which is effective immediately. Eugene A. Scherbakov Ph.D., currently Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director, succeeds Valentin P. Gapontsev, Ph.D., as IPG Photonics' Chief Executive Officer. Dr. Valentin Gapontsev, founder of the Company and current CEO and Chairman of the Board, becomes Executive Chairman and continues his involvement in directing research and de
OXFORD, Mass., Jan. 07, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) today announced that the Company has appointed Ms. Jeanmarie Desmond and Ms. Natalia Pavlova to its board of directors, effective January 7, 2021. Mr. Igor Samartsev, the Company’s chief technology officer, is stepping down from his board seat. “We are delighted to welcome Jeanmarie and Natalia to IPG’s board of directors,” said Dr. Valentin Gapontsev, the chair and chief executive officer of IPG Photonics. “Jeanmarie’s broad financial expertise and experience in a large innovation-driven company will be invaluable to our efforts to capitalize on growth opportunities across our vertical and geographi
Growth from Strategic Initiatives Drove Revenue Above the Midpoint of Guidance Book-to-Bill was Above One and Highest in Over Two Years MARLBOROUGH, Mass., May 06, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the first quarter ended March 31, 2025. Three Months Ended March 31, (In millions, except per share data and percentages) 2025 2024 Change Revenue$227.8 $252.0 (10)%Gross margin 39.4% 38.7% Operating income$1.8 $19.1 (91)%Operating margin 0.8% 7.6% Net income$3.8 $24.1 (84)%Earnings per diluted share$0.09 $0.52 (83)%Non-GAAP Measures Adjusted EBITDA*$32.7 $40.3 (19)%Adjusted earnings p
MARLBOROUGH, Mass., April 15, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its first quarter 2025 financial results before the market opens on Tuesday, May 6, 2025. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials proce
Delivered Revenue At the High End of the Guidance Improved Gross Margin and Generated Strong Cash Flow From Operations MARLBOROUGH, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the fourth quarter ended December 31, 2024. Three Months EndedDecember 31, Twelve Months EndedDecember 31, (In millions, except per share data and percentages) 2024 2023 Change 2024 2023 ChangeRevenue $234.3 $298.9 (22)% $977.1 $1,287.4 (24)%Gross margin 38.6% 38.2% 34.6% 42.1% Operating income (loss) $14.0 $28.8 (51)% $(208.3) $232.0 NM Operating margin 6.0% 9.6% (21.3)% 18.0% Net income (loss) attribut
MARLBOROUGH, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its fourth quarter 2024 financial results before the market opens on Tuesday, February 11, 2025. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials
Focusing on Execution and Future Growth Opportunities Delivered Results At the High End of Guidance MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the third quarter ended September 30, 2024. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data and percentages) 2024 2023 Change 2024 2023 Change Revenue $233.1 $301.4 (23)% $742.8 $988.5 (25)%Gross margin 23.2% 44.1% 33.4% 43.2% Operating (loss) income $(253.3) $55.7 NM $(222.2) $203.2 NM Operating margin (108.7)% 18.5% (29.9)% 20.6% Net (loss) income attributable to I
MARLBOROUGH, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its third quarter 2024 financial results before the market opens on Tuesday, October 29, 2024. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials pro
MARLBOROUGH, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the second quarter ended June 30, 2024. Three Months Ended June 30, Six Months Ended June 30, (In millions, except per share data and percentages) 2024 2023 Change 2024 2023 Change Revenue$257.6 $340.0 (24)% $509.7 $687.1 (26)%Gross margin 37.3% 43.4% 38.0% 42.9% Operating income$12.0 $72.1 (83)% $31.1 $147.5 (79)%Operating margin 4.7% 21.2% 6.1% 21.5% Net income attributable to IPG Photonics Corporation$20.2 $62.3 (68)% $44.3 $122.5 (64)%Earnings per diluted share$0.45 $1.31 (66)% $0.97 $2.57 (62)%
MARLBOROUGH, Mass., July 16, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its second quarter 2024 financial results before the market opens on Tuesday, July 30, 2024. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials proce
Delayed E-mobility Investments and Soft Industrial Demand Negatively Impacted Results Strong Operating Cash Flow Benefited from Working Capital Management MARLBOROUGH, Mass., April 30, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the first quarter ended March 31, 2024. Three Months Ended March 31, (In millions, except per share data and percentages) 2024 2023 ChangeRevenue $252.0 $347.2 (27)%Gross margin 38.7% 42.3% Operating income $19.1 $75.4 (75)%Operating margin 7.6% 21.7% Net income attributable to IPG Photonics Corporation $24.1 $60.1 (60)%Earnings per diluted share $0.52 $1.26 (59)% Mana
MARLBOROUGH, Mass., April 16, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its first quarter 2024 financial results before the market opens on Tuesday, April 30, 2024. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in material
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Growth from Strategic Initiatives Drove Revenue Above the Midpoint of Guidance Book-to-Bill was Above One and Highest in Over Two Years MARLBOROUGH, Mass., May 06, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the first quarter ended March 31, 2025. Three Months Ended March 31, (In millions, except per share data and percentages) 2025 2024 Change Revenue$227.8 $252.0 (10)%Gross margin 39.4% 38.7% Operating income$1.8 $19.1 (91)%Operating margin 0.8% 7.6% Net income$3.8 $24.1 (84)%Earnings per diluted share$0.09 $0.52 (83)%Non-GAAP Measures Adjusted EBITDA*$32.7 $40.3 (19)%Adjusted earnings p
MARLBOROUGH, Mass., April 15, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its first quarter 2025 financial results before the market opens on Tuesday, May 6, 2025. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials proce
Delivered Revenue At the High End of the Guidance Improved Gross Margin and Generated Strong Cash Flow From Operations MARLBOROUGH, Mass., Feb. 11, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the fourth quarter ended December 31, 2024. Three Months EndedDecember 31, Twelve Months EndedDecember 31, (In millions, except per share data and percentages) 2024 2023 Change 2024 2023 ChangeRevenue $234.3 $298.9 (22)% $977.1 $1,287.4 (24)%Gross margin 38.6% 38.2% 34.6% 42.1% Operating income (loss) $14.0 $28.8 (51)% $(208.3) $232.0 NM Operating margin 6.0% 9.6% (21.3)% 18.0% Net income (loss) attribut
MARLBOROUGH, Mass., Jan. 29, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP), the global leader in fiber laser technology, will showcase new and innovative fiber laser solutions at Photonics West, January 28-30, 2025 in San Francisco. The 1,200 square foot booth will display a wide range of laser sources and laser technologies designed to optimize performance in applications including cleaning, cutting, marking, micro-machining, and quantum computing. Next-Generation High-Power Laser Platform Improves Performance and Power-to-Volume Ratio IPG will present their new YLS-RI fiber laser platform built with an improved internal architecture to maximize performance and ease
MARLBOROUGH, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its fourth quarter 2024 financial results before the market opens on Tuesday, February 11, 2025. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials
MARLBOROUGH, Mass., Dec. 02, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced that it has completed its acquisition of Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The purchase of cleanLaser strengthens IPG's global position in high-precision laser systems for cleaning applications by bringing additional know-how, complementary market exposure, and product and technology synergies. "The acquisition of cleanLaser aligns with IPG's strategic focus on expanding into promising new markets and applications. This move further differentiates our business by enhancing our ability to deliver comprehensive solutions that provide customers
MARLBOROUGH, Mass., Nov. 20, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP), a global leader in fiber laser technology, proudly announces the release of a new laser designed specifically for additive manufacturing applications. The new laser series incorporates IPG's novel dual-beam lasers which offer independent control of the simultaneously emitted core and ring beams enabling unparalleled precision, efficiency, and reliability. IPG's capabilities in high-power lasers power these new 1 kW core, 3 kW ring (YLR-1000/3000-AMB) and 2 kW core, 2 kW ring (YLR-2000/2000-AMB) dual-beam rack lasers. The new YLR-AMB series with unique features tailored for the additive manufactu
Focusing on Execution and Future Growth Opportunities Delivered Results At the High End of Guidance MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today reported financial results for the third quarter ended September 30, 2024. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data and percentages) 2024 2023 Change 2024 2023 Change Revenue $233.1 $301.4 (23)% $742.8 $988.5 (25)%Gross margin 23.2% 44.1% 33.4% 43.2% Operating (loss) income $(253.3) $55.7 NM $(222.2) $203.2 NM Operating margin (108.7)% 18.5% (29.9)% 20.6% Net (loss) income attributable to I
MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) today announced that it has signed a definitive agreement to acquire Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The transaction strengthens IPG's global position in high-precision laser systems for cleaning applications, an attractive growth market. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2024. The Company will provide more details on the transaction on its upcoming third-quarter earnings call, scheduled today for 10:00 a.m. ET. "This transaction will advanc
MARLBOROUGH, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ:IPGP) will release its third quarter 2024 financial results before the market opens on Tuesday, October 29, 2024. The Company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the United States or 201-389-0877 internationally. A live webcast of the call will also be available and archived in the investor relations section of the Company's website at investor.ipgphotonics.com. About IPG Photonics Corporation IPG Photonics Corporation is the leader in high-power fiber lasers and amplifiers used primarily in materials pro