IPG Photonics Corporation (IPGP) Stock Price & Analysis
IPG Photonics Corporation (IPGP) closed at USD 71.07 on Friday, October 23, 2026, up 2.39% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 69.41; the Oct 23, 2026 session ranged USD 68.28–71.45 on volume of 314,353 shares. Market capitalization is $3.02B, with a 52-week range of USD 68.27–155.82 (NMS). Source: Nexqual, retrieved October 24, 2026 at 10:07 UTC.
Also available as compact Markdown for AI agents: nexqual.com/IPGP.md
Key facts (IPGP)
- Last four reported quarters (through Jun 30, 2026): revenue $1.07B, net income $27.6M (2.6% margin), free cash flow $20.8M (SEC filings).
- Valuation: P/E 109.7x (avg 60.9x at the last 2 fiscal year-ends).
- Earnings quality: non-operating income $31.8M vs operating income $8.0M over the last four quarters; P/E excluding non-operating income ≈547.5x (estimate: non-operating income taxed at the company's 30.7% effective rate).
- 1 of 80 tracked superinvestors hold IPGP (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 13 Form 4 filings, $23.4M; 2 not under a Rule 10b5-1 plan ($1.4M); 4 by opportunistic insiders (1 outside 10b5-1 plans), 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $199K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (9 analysts), mean target USD 124.14 (range 78–152).
- Total return with dividends: 1Y -17.9% vs S&P 500 +13.4%; 5Y -55.3% vs S&P 500 +76.9%.
- Next earnings: 2026-11-03, EPS estimate USD 0.49, revenue estimate $283M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (IPGP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.43B | $1.29B | $977M | $1.00B | $1.07B |
| Gross profit | $696M | $555M | $542M | $338M | $381M | — |
| Operating income | $368M | $170M | $232M | -$208M | $13.1M | $8.0M |
| Net income | $278M | $110M | $219M | -$182M | $31.1M | $27.6M |
| EPS (diluted) | $5.16 | $2.16 | $4.63 | -$4.09 | $0.73 | — |
| Free cash flow | $267M | $103M | $186M | $149M | -$3.5M | $20.8M |
| Gross margin | 47.7% | 38.9% | 42.1% | 34.6% | 38.0% | — |
| Operating margin | 25.2% | 11.9% | 18.0% | -21.3% | 1.3% | 0.7% |
| Net margin | 19.1% | 7.7% | 17.0% | -18.6% | 3.1% | 2.6% |
| Revenue growth | +21.7% | -2.1% | -9.9% | -24.1% | +2.7% | — |
| Cash + short-term investments | $1.51B | $1.18B | $1.18B | $930M | $839M | — |
| Total debt | $34.2M | $16.0M | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (IPGP)
P/E 109.7x · P/E ex non-operating (est.) ≈547.5x · P/S 2.8x · P/FCF 145.3x · P/B 1.4x · FCF yield 0.69% · Earnings yield 0.91%
P/E at fiscal year-ends: Dec 2025 98.2x, Dec 2023 23.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (IPGP)
1 of 80 tracked investors hold IPGP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.65% | $392M | Reduced -27.3% |
Insider sales (SEC Form 4, open-market, last ~7 months) (IPGP)
11 of 13 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Ip Fibre Devices Ltd | 15,361 | $1.3M | 0.2% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-10-02 | Scherbakov Eugene A | Director | 3,048 | $260K | 6.3% | Yes (adopted March 17, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-01…2026-09-02 | Valentin Gapontsev Trust I | 27,397 | $2.1M | 0.4% | Yes (adopted March 17, 2026) | Routine (sold in Mar each year 2023–2025; this trade is outside those months) | |
| 2026-08-04…2026-08-05 | Ip Fibre Devices Ltd | 30,313 | $2.9M | 0.5% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-07-31 | Ip Fibre Devices Ltd | 27,000 | $2.3M | 0.4% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-07-31 | Scherbakov Eugene A | Director | 1,524 | $132K | 3.1% | Yes (adopted March 17, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-21 | Valentin Gapontsev Trust I | 56,316 | $5.8M | 0.8% | Yes (adopted March 17, 2026) | Routine (sold in Mar each year 2023–2025; this trade is outside those months) | |
| 2026-06-29 | Ip Fibre Devices Ltd | 65,700 | $6.8M | 1% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) | |
| 2026-06-29 | Lopresti Angelo P | SVP, Secretary & Gen Counsel | 1,000 | $110K | 1.6% | Yes (adopted March 17, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-29 | Scherbakov Eugene A | Director | 1,524 | $155K | 3% | Yes (adopted March 17, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-22 | Agnes Tang | Director | 1,511 | $178K | 13.6% | Yes (adopted August 26, 2025) | Too little history (no open-market trades in 2024) |
| 2026-05-22 | Mammen Timothy Pv | SVP, Chief Financial Officer | 9,975 | $1.2M | 11.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Desmond Jeanmarie F. | Director | 1,690 | $178K | 13.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (IPGP)
1 purchase, $199K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-26 | Peeler John R | Director | 2,710 | $199K | 73.58 | Too little history (no open-market trades in 2023–2025) |
Analysts (IPGP)
Consensus Buy (mean 2.33 on a 1–5 scale), 9 analysts; mean target USD 124.14 (low 78, high 152).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | Citigroup | Target lowered | Buy | $150 → $137 |
| 2026-07-17 | Needham | Target raised | Buy | $110 → $120 |
Total return (dividends reinvested) (IPGP)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -17.9% | -55.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -18.0% | -14.9% |
| Volatility (annualized) | 71.8% | 45.2% |
| Max drawdown | -54.9% (Feb 2026→Oct 2026) | -69.7% (Dec 2021→Mar 2025) |
IPGP revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Industrial Solutions | $237.0M | 85.1% | +15.7% |
| Lasers and Components | $219.8M | 78.9% | +12.0% |
| Systems | $58.8M | 21.1% | +7.7% |
| Advanced Solutions | $41.5M | 14.9% | -9.4% |
| Total revenue | $278.6M | 100% | — |
IPGP revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Asia | $138.7M | 49.8% | +18.8% |
| — China (part of Total Asia) | $95.7M | 34.4% | +29.1% |
| — Other (part of Total Asia) | $31.1M | 11.2% | +16.0% |
| — Japan (part of Total Asia) | $11.9M | 4.3% | -24.8% |
| North America | $72.2M | 25.9% | -2.3% |
| Total Europe | $59.3M | 21.3% | +4.9% |
| — Other (part of Total Europe) | $31.6M | 11.4% | -7.6% |
| — Germany (part of Total Europe) | $27.7M | 9.9% | +24.1% |
| Rest of World | $8.4M | 3.0% | +138.1% |
| Total revenue | $278.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
IPGP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Lumentum (LITE) | “In the materials processing market, we compete with makers of fiber lasers and other lasers, such as Coherent, Inc., JPT Opto-Electronics Co. Ltd., Laserline GmbH, Lumentum Holdings Inc., Maxphotonics Co., Ltd., MKS Instruments, Inc., nLight, Inc., Trumpf GmbH + Co. KG and Wuhan Raycus Fiber Laser Technologies Co. Ltd., as well as other smaller competitors.” |
Quoted from the company's 10-K filed Feb 23, 2026.
IPGP company outlook (results filed Aug 4, 2026)
- “For the third quarter of 2026, IPG expects revenue of $265 million to $295 million, adjusted gross margin between 37.5% and 40.5% and adjusted operating expenses of $92 million to $95 million.”
- “IPG anticipates delivering adjusted earnings per diluted share in the range of $0.30 to $0.60 and adjusted EBITDA in the range of $35 million to $51 million.”
- “This guidance is based upon current market conditions and expectations and is subject to the risks outlined in the Company's reports filed with the SEC and assumes exchange rates relative to the U.S. dollar of euro 0.88, Japanese yen 162 and Chinese yuan 6.81, respectively.”
Analysts expect $283.3M for the current quarter, 1.2% above the midpoint of the company's guidance ($280.0M).
Quoted word-for-word from the SEC 8-K results press release.
IPGP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.49 | $0.39 | +27.1% | $283.3M | 7 |
| Next quarter (ends Dec 2026) | $0.50 | $0.47 | +7.5% | $290.5M | 7 |
| Current fiscal year (ends Dec 2026) | $1.86 | $1.52 | +22.7% | $1.12B | 7 |
| Next fiscal year (ends Dec 2027) | $2.31 | $2.31 | -0.2% | $1.22B | 7 |
Key Statistics (as of October 24, 2026 at 10:07 UTC)
| Price | USD 71.07 |
|---|---|
| Change | ▲ 2.39% (up) |
| Previous Close | USD 69.41 |
| Open | USD 69.28 |
| Day Range | USD 68.28 – 71.45 |
| 52-Week Range | USD 68.27 – 155.82 |
| Volume | 314,353 shares |
| Market Cap | $3.02B |
| Exchange | NMS |
Technical Analysis (IPGP)
Nexqual's technical model rates IPGP "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 10:07 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 37.58 (neutral) |
| vs SMA50 | Below (USD 77.09) |
| MACD | -2.22 (negative) |
Analyst Ratings (IPGP)
Wall Street analysts rate IPGP "Buy" based on 9 analysts, with a mean price target of USD 124.14 (range USD 78–152), per Nexqual as of October 24, 2026 at 10:07 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 124.14 |
| High Target | USD 152 |
| Low Target | USD 78 |
| Buy / Hold / Sell | 6 / 2 / 1 |
Earnings (IPGP)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.49 |
| Revenue Estimate | $283.32M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.58 vs est 0.39 ▲ beat |
| 2026-03-31 | USD 0.29 vs est 0.31 ▼ miss |
| 2025-12-31 | USD 0.46 vs est 0.25 ▲ beat |
| 2025-09-30 | USD 0.35 vs est 0.2 ▲ beat |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Financials & Fundamentals (IPGP)
| Total Revenue | $1.07B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.10% |
| Gross Margin | +37.88% |
| Operating Margin | +5.90% |
| Profit Margin | +2.58% |
| ROE | +1.30% |
| Debt / Equity | 0.01 |
| Current Ratio | 6.18 |
| Total Cash | $871.32M |
| Total Debt | $16.25M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $20.80M (1.9% of revenue) |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Financial Health Score (IPGP)
Nexqual rates IPG Photonics Corporation's overall financial health "Mixed" across five dimensions, as of October 24, 2026 at 10:07 UTC.
| Growth | Mixed — Revenue +2.7% YoY (annual), slow |
|---|---|
| Profitability | Solid — Gross margin 38%, operating 6% (last 12 months) |
| Balance Sheet | Strong — $871M cash vs $16M debt, net cash position |
| Cash Flow | Mixed — FCF $21M (last 4 quarters to Jun 2026, SEC), slim 1.9% margin |
| Efficiency | Weak — ROE 1%, ROA 1.0% |
Ownership (IPGP)
| Insider Ownership | +38.98% |
|---|---|
| Institutional Ownership | +75.51% |
| Shares Outstanding | 42.53M |
| Float | 27.84M |
| Short % of Float | +23.75% |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
Leadership (IPGP)
IPG Photonics Corporation is led by Mark Milton Gitin, CEO & Director, per Nexqual as of October 24, 2026 at 10:07 UTC.
| CEO & Director | Mark Milton Gitin |
|---|---|
| Senior VP & CFO | Timothy P. V. Mammen |
| Senior Vice President of Global Operations | Paulus Bucher |
| Senior Vice President & Chief Revenue Officer | Trevor D. Ness |
| Senior Director of Investor Relations | Eugene Fedotoff |
Major Backers & Investors (IPGP)
Notable institutional backers of IPG Photonics Corporation include First Eagle Investment Management, LLC, Lazard Asset Management LLC, Sumitomo Mitsui Trust Group, Inc., according to Nexqual as of October 24, 2026 at 10:07 UTC.
Active Investors
| Investor | Stake |
|---|---|
| First Eagle Investment Management, LLC | 7.85% |
| Lazard Asset Management LLC | 3.36% |
| Sumitomo Mitsui Trust Group, Inc. | 3.2% |
| Victory Capital Management Inc. | 3.09% |
| Neuberger Berman Group, LLC | 2.3% |
| Victory Portfolios-Victory Sycamore Established Value Fund | 2.25% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 6.7% |
| Vanguard Group | 6.58% |
| Dimensional Fund Advisors | 3.76% |
| State Street | 2.14% |
Source: Nexqual, October 24, 2026 at 10:07 UTC.
From IPG Photonics Corporation's Latest SEC 10-K Filing (filed 2026-02-23)
Key Strengths & Strategy (as disclosed to the SEC)
- Our vertically integrated operations allow us to control quality, rapidly develop and integrate advanced products and protect our proprietary technology.
- Our products are based on our proprietary technology platform that we have developed and refined since our formation.
- Further, our vertically integrated manufacturing and broad technology expertise allow us to design, prototype and commence high-volume commercial production of our products rapidly.
- We have developed proprietary testing methodologies that allow us to develop higher power components and products in short periods of time, enable us to introduce products to the market more quickly, capitalize on new opportunities and provide superior service to our customers.
Partnerships
- In 2023, we entered into a strategic partnership with Miller Electric Mfg.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to litigation alleging that we infringe third-party intellectual property rights. Intellectual property claims could result in costly litigation and harm our business.
- Our inability to protect our intellectual property and proprietary technologies could result in the unauthorized use of our technologies by third parties, hurt our competitive position and adversely affect our operating results.
- Our information systems are subject to cyber-attacks, interruptions and failures. If unauthorized access is obtained to our information systems, we may incur significant legal and financial exposure and liabilities.
- The costs to address the foregoing security problems and security vulnerabilities before or after a cyber-incident could be significant.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 10:07 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt