IPG Photonics Corporation (IPGP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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IPGP Revenue Growth
Revenue Breakdown (FY 2025)
IPGP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
IPGP Revenue Analysis (2014–2025)
As of May 7, 2026, IPG Photonics Corporation (IPGP) generated trailing twelve-month (TTM) revenue of $1.04 billion, reflecting strong growth of +16.6% year-over-year. The most recent quarter (Q1 2026) recorded $265.5 million in revenue, down 3.3% sequentially.
Looking at the longer-term picture, IPGP's 5-year compound annual growth rate (CAGR) stands at -3.5%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.46 billion in 2021.
Revenue diversification analysis shows IPGP's business is primarily driven by High Power Continuous Wave CW Lasers (42%), Laser And Non-Laser Systems (20%), and Pulsed Lasers (19%).
When compared to Technology sector peers including LITE (+69.0% YoY), NPKI (+23.2% YoY), and MKSI (+9.6% YoY), IPGP has underperformed the peer group in terms of revenue growth. Compare IPGP vs LITE →
IPGP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IPGPCurrent | $1.0B | +16.6% | -3.5% | 1.3% | |
 LITE | $1.6B | +69.0% | -0.4% | -10.9% | |
 NPKI | $277M | +23.2% | -10.9% | 16.9% | |
 MKSI | $3.9B | +9.6% | +11.0% | 14.4% | |
 NOVT | $981M | +3.3% | +10.7% | 11.9% | |
 VIAV | $1.1B | +30.6% | -0.9% | 6.5% |
IPGP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.00B | +2.7% | $381.5M | 38.0% | $13.1M | 1.3% |
| 2024 | $977.1M | -24.1% | $338.2M | 34.6% | $-208,254,000 | -21.3% |
| 2023 | $1.29B | -9.9% | $541.7M | 42.1% | $232.0M | 18.0% |
| 2022 | $1.43B | -2.1% | $555.4M | 38.9% | $169.5M | 11.9% |
| 2021 | $1.46B | +21.7% | $696.4M | 47.7% | $367.9M | 25.2% |
| 2020 | $1.20B | -8.7% | $539.0M | 44.9% | $198.7M | 16.5% |
| 2019 | $1.31B | -10.0% | $606.2M | 46.1% | $233.8M | 17.8% |
| 2018 | $1.46B | +3.6% | $800.3M | 54.8% | $523.4M | 35.9% |
| 2017 | $1.41B | +40.0% | $796.9M | 56.6% | $551.1M | 39.1% |
| 2016 | $1.01B | +11.6% | $552.2M | 54.9% | $364.3M | 36.2% |
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Start ComparisonIPGP — Frequently Asked Questions
Quick answers to the most common questions about buying IPGP stock.
Is IPGP's revenue growth accelerating or slowing?
IPGP revenue is accelerating at +16.6% year-over-year, exceeding the 5-year CAGR of -3.5%. TTM revenue reached $1.0B. Growth momentum has increased versus prior periods.
What is IPGP's long-term revenue growth rate?
IPG Photonics Corporation's 5-year revenue CAGR of -3.5% reflects the sustained expansion pattern. Current YoY growth of +16.6% is above this long-term average.
How is IPGP's revenue distributed by segment?
IPGP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.