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IPGPIPG Photonics Corporation
$65.31$2.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
IPGP logo

IPG Photonics Corporation

IPGP
NASDAQ · Optical & Photonic Components
$65.31
At close - USD
Market Cap$2.77B
P/E89.5x
52W High$155.82
Volume441.72K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Margin Recovery Tests Cyclical Rebound Versus Durable Turnaround

IPGP's revenue re-accelerated to 14.6% year-over-year growth in 2026Q3 at $287.5M, and gross margin recovered from a 23.2% trough in 2024Q3 to 40.7%, suggesting demand may be stabilizing after a multi-quarter contraction.

GrowthMixed
ProfitabilityModerate
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

IPGP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+43% Peers

P/E is 43% above peer median

03

Market leadership

RS 21 · Lag

Laggard (Underperforming 79% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 3

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
IPGP-12.73%
S&P 500 (^GSPC)+7.63%
1-Year Return
IPGP-27.23%
S&P 500 (^GSPC)+9.69%
3-Year Return
IPGP-29.35%
S&P 500 (^GSPC)+75.30%
5-Year Return
IPGP-61.68%
S&P 500 (^GSPC)+62.96%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
69.3x
Forward P/EExpansion
59.2x
EV/EBITDA75th %ile
27.0x
FCF YieldCash Flow
1.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
69.3x
43.8x
75th· Fair
EV/EBITDA
27.0x
18.6x
75th· Fair
Price/FCF
79.2x
34.8x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$16.48-74.8%
Base (Fair)$80.27+22.9%
Bull$22.87-65.0%
$16.48 Bear$80.27 Base$22.87 Bull
Current Market Price: $65.31
Trades at a 18.6% discount to Base DCF ($80.27)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1B+2.7% YoY
Net income FY25
$31M+117.1% YoY
Free cash flow FY25
-$3M-102.3% YoY
Operating margin FY25
1.3%+22.6 pts YoY
ROIC (FY25)0.6%
Avg ROIC 5Y-
ROE (FY25)1.5%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
$0.61+32.2%
vs $0.46
$288M+1.5%
vs $283M
Q3 2026
Aug 4, 2026
$0.12-67.2%
vs $0.37
$279M-0.5%
vs $280M
Q2 2026
May 5, 2026
$0.04-87.5%
vs $0.32
$265M+3.3%
vs $257M
Q1 2026
Feb 12, 2026
$0.46+84.0%
vs $0.25
$274M+10.0%
vs $250M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 28, 2026
First Eagle Global Fund Q3 202 Portfolio Update

Global Fund A Shares (without sales charge) posted a return of 2.10% in third quarter 2026. Leading contributors in the First Eagle Global Fund this quarter included Workday, Inc. Class A, Meta Platforms, Inc. Class A, Salesforce.com, Inc., Becton, Dickinson and Company and gold bullion. The leading detractors in the quarter were LVMH Moet Hennessy Louis Vuitton SE, Samsung Life Insurance Co., Ltd., Weyerhaeuser Company, British American Tobacco p.l.c. and IPG Photonics Corporation.

Seeking Alpha·Oct 26, 2026
First Eagle U.S. Value Fund Q3 2026 Portfolio Review

U.S. Fund A Shares (without sales charge) posted a return of 4.36% in third-quarter 2026. The US Fund outperformed the S&P 500 Index in the period. Shares of Meta performed well following the strong reception of Muse, its personalized AI assistance app.

GlobeNewsWire·Oct 20, 2026
IPG Photonics to Announce Third Quarter 2026 Financial Results on November 3

MARLBOROUGH, Mass., Oct. 20, 2026 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) will release its third quarter 2026 financial results before the market opens on Tuesday, November 3, 2026. 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.

GuruFocus·Oct 16, 2026
IPG Photonics Corp (IPGP) Shares Fall 3.7% -- What GF Score of 73 Tells Investors

On October 16, 2026, IPG Photonics Corp (IPGP) shares fell 3.7% to $71.01, continuing a downward trend that has seen the stock decline 17.8% over the past year.

Filtered for IPG Photonics CorporationMore Headlines
04

Compare before deciding

Benchmark IPGP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for IPG Photonics Corporation (IPGP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
IPGP logoIPGPIPG Photonics CorporationCurrent
$65.31$2.77B89.472.73%3.1%1.5%—
LITE logoLITELumentum Holdings Inc.
$538.59$41.9B1455.6521.03%-230.1%-300.07%—
NPKI logoNPKINPK International Inc.
$8.64$729.62M20.5727.38%12.74%10.84%—
MKSI logoMKSIMKS Inc.
$192.27$12.99B44.009.62%10.12%15.83%0.45%
NOVT logoNOVTNovanta Inc.
$135.15$4.81B91.943.3%6%4.9%—
VIAV logoVIAVViavi Solutions Inc.
$28.47$7.02B189.808.39%-2%-3.16%—

Compare IPGP vs Peers

IPG Photonics Corporation (IPGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LITE

Most directly comparable listed peer for IPGP.

Scale Benchmark

vs AMAT

Larger-name benchmark to compare IPGP against a more recognizable public peer.

Peer Set

Compare Top 5

vs LITE, NPKI, MKSI, NOVT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

IPGP SEC Filings & Documents

IPG Photonics Corporation (IPGP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 3, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jul 17, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 3, 2026·SEC

FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

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IPGP Frequently Asked Questions

IPG Photonics Corporation (IPGP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is IPG Photonics Corporation's revenue?

IPG Photonics Corporation (IPGP) reported $1.11B in revenue over the trailing twelve months. Revenue was $1.00B in fiscal year 2025. That is 1553% more than the $60.7M of fiscal year 2004.

How fast is IPG Photonics Corporation growing?

IPG Photonics Corporation (IPGP) grew revenue by 2.7% in fiscal year 2025, compared with the prior fiscal year.

Is IPGP profitable?

Yes. IPG Photonics Corporation (IPGP) earned $40.4M in net income over the trailing twelve months (a 3.6% net margin).

Dividend & Returns
What is IPGP's return on equity?

IPG Photonics Corporation (IPGP) had a return on equity (ROE) of 1.5% in fiscal year 2025. That is below the market's typical 10-15%.

What is IPG Photonics Corporation's free cash flow?

IPG Photonics Corporation (IPGP) generated $35.0M in free cash flow over the trailing twelve months.

What if you invested $1,000 in IPGP back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →