IPG PHOTONICS CORP (IPGP)

131.27 -3.87 (-2.86%)

As of 2026-03-03 04:18:08 EST

IPG Photonics Corporation is an American manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.

Traded asNasdaq: IPGP
ISINUS44980X1090
CIK0001111928
LEI5493002KZ51CADQ94G15
EIN043444218
SectorPhotonics
IndustrySemiconductors & Related Devices
CEOMark M. Gitin
Employees4,840
Fiscal Year End1231
Address377 SIMARANO DRIVE, MARLBOROUGH, MA, 01752
Phone5083731100
Websitehttps://ipgphotonics.com/
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
IPGPIPG PHOTONICS CORP2026-03-03 04:18:08131.27-3.87-2.86
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
IPGP0001111928IPG PHOTONICS CORPUS44980X10905493002KZ51CADQ94G15043444218Nasdaq3674Semiconductors & Related Devices1231DE377 SIMARANO DRIVEMARLBOROUGHMA01752UNITED STATESUS5083731100377 SIMARANO DRIVE, MARLBOROUGH, MA, 01752377 SIMARANO DRIVE, MARLBOROUGH, MA, 01752—Photonics1990Mark M. Gitin4,840https://ipgphotonics.com/1,800,000,00056,964,93942,191,353IPG Photonics Corporation is an American manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.2026-02-26 16:35:41
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IPGP Stock Price (End-of-Day)
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IPGP Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
20251,800,000,000-500,000,000-21.739142,191,353-357,208-0.8395
20242,300,000,000-1,800,000,000-43.902442,548,561-3,019,636-6.6266
20234,100,000,0001,700,000,00070.833345,568,197-2,058,946-4.3231
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Trevor NessSenior Vice President2024494,10601,928,590245,20010,3502,678,246
Angelo LoprestiSecretary, General Counsel, Senior Vice President2024485,50001,869,006242,80010,3502,607,656
Mark GitinChief Executive Officer2024411,346775,0004,999,7590514,7206,700,825
Timothy MammenChief Financial Officer, Senior Vice President2024538,70002,262,403265,3009,2863,075,689
Igor SamartsevChief Scientist, Senior Vice President2024424,2000489,822127,2009,3631,050,585
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Employee Count
Fiscal YearEmployee Count
20254,840
20244,740
20236,180
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Income Statements
Fiscal Year202520242023
Revenue1,003,777,000977,134,0001,287,439,000
Cost Of Revenue622,314,000638,979,000745,741,000
Gross Profit381,463,000338,155,000541,698,000
Research And Development Expenses117,402,000109,783,00098,704,000
General And Administrative Expenses143,140,000124,313,000125,749,000
Operating Expenses368,359,000546,409,000309,725,000
Operating Income13,104,000-208,254,000231,973,000
Net Income31,096,000-181,526,000218,878,000
Earnings Per Share Basic0.73-4.094.64
Earnings Per Share Diluted0.73-4.094.63
Weighted Average Shares Outstanding Basic42,345,00044,336,00047,154,000
Weighted Average Shares Outstanding Diluted42,650,00044,336,00047,320,000
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Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents403,790,000620,040,000514,674,000
Marketable Securities Current435,538,000310,152,000662,807,000
Accounts Receivable181,734,000171,131,000219,053,000
Inventories313,416,000284,780,000453,874,000
Non Trade Receivables43,196,00017,592,00026,038,000
Other Assets Current———
Total Assets Current1,423,440,0001,430,995,0001,914,654,000
Marketable Securities Non Current76,533,000——
Property Plant And Equipment637,516,000588,375,000602,257,000
Other Assets Non Current41,234,00032,246,00028,425,000
Total Assets Non Current659,173,000604,800,000613,732,000
Total Assets2,424,280,0002,289,264,0002,698,898,000
Accounts Payable39,288,00035,385,00028,618,000
Deferred Revenue66,209,00056,454,00069,219,000
Short Term Debt——0
Other Liabilities Current184,849,000152,048,000181,350,000
Total Liabilities Current234,037,000205,019,000214,861,000
Long Term Debt———
Other Liabilities Non Current15,111,00013,855,00017,176,000
Total Liabilities Non Current62,113,00059,774,00068,652,000
Total Liabilities296,150,000264,793,000283,513,000
Common Stock6,0006,0006,000
Retained Earnings2,644,964,0002,613,868,0002,795,394,000
Accumulated Other Comprehensive Income-38,383,000-119,367,000-212,530,000
Total Shareholders Equity2,128,130,0002,024,471,0002,415,385,000
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Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization66,854,00061,443,00069,621,000
Share Based Compensation Expense42,947,00037,070,00039,502,000
Other Non Cash Income Expense-4,969,000-3,962,000-5,194,000
Change In Accounts Receivable4,761,000-46,827,00010,395,000
Change In Inventories52,918,000-47,725,000-1,823,000
Change In Non Trade Receivables———
Change In Other Assets———
Change In Accounts Payable4,334,000-1,526,000-16,319,000
Change In Other Liabilities10,267,000-37,355,000-44,693,000
Cash From Operating Activities75,344,000247,896,000295,986,000
Purchases Of Marketable Securities943,323,000713,151,0001,232,863,000
Sales Of Marketable Securities—1,083,464,0001,073,993,000
Acquisition Of Property Plant And Equipment78,798,00098,524,000110,483,000
Acquisition Of Business-505,00066,738,0000
Other Investing Activities-43,000-427,000-558,000
Cash From Investing Activities-265,230,000208,732,000-237,554,000
Tax Withholding For Share Based Compensation———
Payments Of Dividends———
Issuance Of Common Stock———
Repurchase Of Common Stock53,132,000343,816,000223,496,000
Issuance Of Long Term Debt———
Repayment Of Long Term Debt0016,031,000
Other Financing Activities——3,147,000
Cash From Financing Activities-54,192,000-339,621,000-236,380,000
Change In Cash-216,250,000105,366,000-183,535,000
Cash At End Of Period403,790,000620,040,000514,674,000
Income Taxes Paid57,008,00040,632,00062,916,000
Interest Paid226,000277,0001,284,000
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Key Metrics
Fiscal Year202520242023
Earnings Per Share0.73-4.094.64
Price To Earnings Ratio98.0822-17.7823.3922
Earnings Growth Rate-117.8484-188.1466113.8249
Price Earnings To Growth Ratio-0.83230.09450.2055
Book Value Per Share50.256945.66251.2233
Price To Book Ratio1.42471.59262.119
Ebitda154,958,000-79,451,000351,415,000
Enterprise Value———
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio———
Capital Expenditures115,995,00047,561,00091,317,000
Free Cash Flow-40,651,000200,335,000204,669,000
Return On Equity0.0146-0.08970.0906
One Year Beta1.63261.55171.1267
Three Year Beta1.48741.2441.2069
Five Year Beta1.35061.10691.155
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
SCHERBAKOV EUGENE ADirector, 10% owner2026-02-24200D60,995
SCHERBAKOV EUGENE ADirector, 10% owner2026-02-241,500D59,495
SCHERBAKOV EUGENE ADirector, 10% owner2026-02-24400D59,095
SCHERBAKOV EUGENE ADirector, 10% owner2026-02-24600D58,495
IP FIBRE DEVICES LTD10% owner2026-02-24100D6,530,522
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House Trading
Name Of Reporting PersonReport DateStateTransaction TypeTransaction DateOwner TypeAmount
Thomas J. Rooney2018-09-14FL17Purchase2018-08-27—$15,001 - $50,000
Lois Frankel2017-01-19FL22Sale2017-01-06—$1,001 - $15,000
Lois Frankel2016-04-27FL22Purchase2016-03-18—$1,001 - $15,000
Lamar Smith2015-05-08TX21Sale2015-04-07—$1,001 - $15,000
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
Pacer Advisors, Inc.2025-12-31216,3753,02271.5999
Kera Capital Partners, Inc.2025-12-31457,8924,95592.4101
MV CAPITAL MANAGEMENT, INC.2025-12-31215371.6667
Virtu Financial LLC2025-12-31281,0003,92871.5377
Sunbelt Securities, Inc.2025-12-311,2891871.6111
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
PIMCO Equity Series2025-12-31Class APMJAX192,51113,783,787.60.4586
PIMCO Equity Series2025-12-31I-2PMJPX192,51113,783,787.60.4586
PIMCO Equity Series2025-12-31Institutional ClassPMJIX192,51113,783,787.60.4586
RYDEX SERIES FUNDS2025-12-31Class CRYDCX694,940.40.0362
RYDEX SERIES FUNDS2025-12-31Class ARYAHX694,940.40.0362
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