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    IPG Photonics Corporation (IPGP)

    Official site

    TECHNOLOGY • SEMICONDUCTOR EQUIPMENT & MATERIALS • NASDAQ

    $73.76
    +0.09 (+0.12%)

    Market Cap: $3.22B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    62%(24/39)
    Avg Surprise
    +18.49%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.49
    Range$0.43 - $0.58
    7 analysts
    EPS Revisions
    4
    0
    7d
    4
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$0.39+27.1%
    60d ago$0.39+27.1%
    30d ago$0.48+3.3%
    7d ago$0.48+3.3%
    Current$0.49
    Revenue Consensus
    $283M
    Range$275M - $288M
    8 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.67
    Range$0.53 - $0.83
    7 analysts
    Revenue Consensus
    $302M
    Range$276M - $329M
    9 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.67---
    Sep 26EST
    		-$0.49---
    Jun 26
    Reported Aug 4
    		$0.58$0.40+45.00%Beat+93.3%
    Mar 26
    Reported May 5
    		$0.29$0.31-6.45%Miss-6.5%
    Dec 25
    Reported Feb 12
    		$0.46$0.25+84.00%Beat+155.6%
    Sep 25
    Reported Nov 4
    		$0.35$0.20+75.00%Beat+20.7%
    Jun 25
    Reported Aug 5
    		$0.30$0.13+130.77%Beat-38.8%
    Mar 25
    Reported May 6
    		$0.31$0.22+40.91%Beat-29.5%
    Dec 24
    Reported Feb 11
    		$0.18$0.21-14.29%Miss-80.0%
    Sep 24
    Reported Oct 29
    		$0.29$0.20+45.00%Beat-75.0%
    Jun 24
    Reported Jul 30
    		$0.49$0.50-2.00%Miss-63.2%
    Mar 24
    Reported Apr 30
    		$0.44$0.50-12.00%Miss-65.1%
    Dec 23
    Reported Feb 13
    		$0.90$0.97-7.22%Miss-16.7%
    Sep 23
    Reported Oct 31
    		$1.16$1.04+11.54%Beat+0.0%
    Jun 23
    Reported Aug 1
    		$1.33$1.27+4.72%Beat+20.9%
    Mar 23
    Reported May 2
    		$1.26$1.23+2.44%Beat-3.8%
    Dec 22
    Reported Feb 14
    		$1.08$0.93+16.13%Beat-10.7%
    Sep 22
    Reported Nov 1
    		$1.16$1.15+0.87%Beat-17.1%
    Jun 22
    Reported Aug 2
    		$1.10$1.15-4.35%Miss-14.7%
    Mar 22
    Reported May 3
    		$1.31$0.98+33.67%Beat+4.0%
    Dec 21
    Reported Feb 15
    		$1.21$1.19+1.68%Beat+31.5%
    Sep 21
    Reported Nov 2
    		$1.40$1.27+10.24%Beat+22.8%
    Jun 21
    Reported Aug 3
    		$1.29$1.42-9.15%Miss+41.8%
    Mar 21
    Reported May 4
    		$1.26$1.11+13.51%Beat+85.3%
    Dec 20
    Reported Feb 16
    		$0.92$1.00-8.00%Miss+22.7%
    Sep 20
    Reported Oct 30
    		$1.14$0.92+23.91%Beat+6.5%
    Jun 20
    Reported Aug 4
    		$0.91$0.62+46.77%Beat-32.1%
    Mar 20
    Reported May 5
    		$0.68$0.25+172.00%Beat-33.3%
    Dec 19
    Reported Feb 13
    		$0.75$0.82-8.54%Miss-46.4%
    Sep 19
    Reported Oct 29
    		$1.07$1.21-11.57%Miss-41.8%
    Jun 19
    Reported Jul 30
    		$1.34$1.37-2.19%Miss-39.4%
    Mar 19
    Reported Apr 30
    		$1.02$1.12-8.93%Miss-47.2%
    Dec 18
    Reported Feb 12
    		$1.40$1.41-0.71%Miss-24.7%
    Sep 18
    Reported Oct 30
    		$1.84$1.83+0.55%Beat-12.8%
    Jun 18
    Reported Jul 31
    		$2.21$2.25-1.78%Miss+15.7%
    Mar 18
    Reported May 1
    		$1.93$1.82+6.04%Beat+39.9%
    Dec 17
    Reported Feb 16
    		$1.86$1.72+8.14%Beat+33.8%
    Sep 17
    Reported Oct 31
    		$2.11$1.84+14.67%Beat-
    Jun 17
    Reported Aug 1
    		$1.91$1.64+16.46%Beat-
    Mar 17
    Reported May 2
    		$1.38$1.20+15.00%Beat-
    Dec 16
    Reported Feb 14
    		$1.39$1.40-0.71%Miss-

    Dividends

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    Payout Ratio0.00%
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E Ratio43.90EV/EBITDA39.38x
    Price/FCF150.62xFCF Yield0.66%
    Profitability
    Profit Margin2.58%Operating Margin5.90%
    ROE1.30%ROICN/A
    Financial Health
    Debt/Equity0.00xInterest CoverageN/A
    Current Ratio6.18xQuick Ratio4.80x
    Trading Statistics
    Beta0.97Avg Volume416.89K
    52-Week High$155.8252-Week Low$69.41

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$78.76
    SMA 20$78.52
    SMA 50$78.86
    SMA 200$101.42
    EMA 10$77.04
    EMA 20$78.00
    EMA 50$81.55
    EMA 200$92.15

    MACD

    Line: -1.09Signal: -0.45Hist: -0.63

    ADX

    ADX: 14.1+DI: 17.8-DI: 32.6

    Aroon & PSAR

    Aroon Up64.0
    Aroon Down100.0
    PSAR$84.03

    Bollinger Bands

    Upper Band$84.76
    Lower Band$72.29
    %B Position1588%(Upper)
    Band Width0.12

    RSI (14-Day)

    Neutral
    37.2

    Momentum Oscillators

    Stoch %K17.8
    Stoch %D18.1
    Williams %R-77.1
    ROC (10d)-11.8%
    Momentum-9.90
    CCI (20d)-171.0
    MFI (14d)40.7

    Volatility Measures

    ATR (14d)$3.31(4.5%)
    StdDev (20d)3.12
    Hist Vol36.5%(Moderate)

    Volume Flow

    VWAP$72.56
    OBV11.8M
    AD Line5.7M
    CMF (20d)-0.069

    Volume Metrics

    Avg Vol (20d)421.0K
    Vol Ratio0.9x
    VWMA (20d)$78.83

    Pivot Points

    R3$76.84
    R2$75.77
    R1$74.72
    Pivot Point$73.65
    S1$72.60
    S2$71.53
    S3$70.48

    Advanced Oscillators

    TSI-9.63
    Ultimate Osc50.3
    KST19.35

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$278.58M$265.50M$274.47M$250.79M$250.72M$227.79M$234.34M$233.14M$257.64M$252.01M$298.89M$301.40M
    Cost of Revenue$166.06M$166.00M$175.40M$151.79M$157.15M$137.98M$143.99M$179.05M$161.46M$154.47M$184.73M$168.50M
    Gross Profit$112.52M$99.50M$99.07M$99.00M$93.57M$89.81M$90.34M$54.09M$96.19M$97.54M$114.17M$132.90M
    Operating Expenses$107.99M$107.23M$95.75M$91.15M$93.47M$87.98M$76.39M$307.44M$84.15M$78.44M$86.75M$77.20M
    R&D$31.00M$33.31M$28.77M$30.36M$29.94M$28.34M$25.74M$27.18M$27.49M$29.38M$27.71M$24.71M
    SG&A$36.55M$36.09M$40.36M$35.09M$34.88M$32.81M$28.89M$32.66M$31.60M$31.16M$35.00M$30.96M
    Operating Income$4.53M$-7,736,000$3.32M$7.86M$104,000$1.83M$13.95M$-253,346,000$12.04M$19.10M$28.78M$55.71M
    Interest Income$7.11M$6.92M$7.13M$7.28M$8.00M$7.44M$7.41M$11.10M$12.78M$14.18M$13.37M$11.57M
    Interest Expense$0$0$0$0$0$0$0$0$0$0$0$0
    Income Before Tax$12.54M$1.02M$10.56M$15.65M$8.27M$10.62M$22.01M$-242,514,000$25.01M$33.60M$42.15M$67.82M
    Income Tax Expense$7.30M$-565,000$-2,714,000$8.19M$1.67M$6.86M$14.20M$-8,920,000$4.86M$9.50M$725,000$12.83M
    Net Income$5.24M$1.58M$13.27M$7.46M$6.61M$3.76M$7.82M$-233,594,000$20.15M$24.10M$41.43M$54.99M
    EBITDA$18.95M$8.68M$21.17M$20.61M$11.67M$14.63M$27.44M$-241,169,000$21.74M$28.42M$38.58M$66.86M
    EBIT$5.43M$-5,903,000$3.43M$8.37M$270,000$3.17M$14.60M$-253,617,000$12.23M$19.43M$28.97M$56.25M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $89348
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    2
    New Awards (TTM)
    2
    Avg Remaining Term
    N/A

    Top agency: National Aeronautics and Space Administration at 65.9% of trailing twelve month obligations across 2 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    80NSSC25PB820National Aeronautics and Space AdministrationNational Aeronautics and Space Administration$58853Aug 29, 2025
    1333ND25PNB730556Department of CommerceNational Institute of Standards and Technology$30495Sep 19, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    IPGP Valuation and Fair Value

    P/E
    43.9x
    Forward P/E
    32.4x
    EV/EBITDA
    39.4x
    P/FCF
    150.6x
    PEG
    1.8x
    P/B
    1.5x
    See GNG's fair value

    IPGP Profitability: Margins, ROIC and FCF

    Gross margin
    38.4%
    Operating margin
    5.9%
    Net margin
    2.6%
    ROE
    1.3%
    FCF margin
    1.9%
    FCF yield
    0.7%

    IPGP Competitors

    CompanyTicker
    Webull CorpBULL
    CyberArk Software LtdCYBR
    NCR Atleos CorporationNATL
    Knowles CorKN
    Life360, Inc. Common StockLIF
    Wix.Com LtdWIX
    Universal DisplayOLED
    Extreme Networks IncEXTR

    Sector: Technology

    IPGP Analyst Ratings

    Consensus
    Buy
    Analysts
    9
    Strong Buy
    2
    Buy
    4
    Hold
    2
    Sell
    0
    Strong Sell
    1

    IPGP Bull Case vs Bear Case

    Bull case

    • IPGP beat EPS estimates in 75.0% of its last 8 reported quarters.
    • IPGP grew quarterly revenue 11.1% year over year.
    • 66.7% of IPGP's analyst ratings are Buy or Strong Buy.

    Bear case

    • IPGP trades at 43.9x trailing earnings.

    IPGP Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    50.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.49
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    4 up, 0 down

    IPGP Dividend

    Forward yield
    0.0%
    Payout ratio
    0.0%

    Frequently Asked Questions About IPGP

    Does IPGP pay dividends?

    IPG Photonics Corporation (IPGP) has a dividend payment track record. See the IPGP dividend history page for its current payment status, TTM yield, and recorded payments.

    What is IPGP's P/E ratio?

    IPG Photonics Corporation has a price-to-earnings (P/E) ratio of 43.90.

    What is IPGP's market cap?

    IPG Photonics Corporation (IPGP) has a market capitalization of $3.22B with a current stock price of $73.76.

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