IPG Photonics Q4 revenue beats estimates, announces buyback

IPG Photonics

12/02/2026 13:07

Overview

High-power fiber laser maker's Q4 revenue rose 17%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company authorized new $100 mln share repurchase program

Outlook

IPG expects Q1 2026 revenue between $235 mln and $265 mln

Company anticipates Q1 adjusted EPS of $0.10 to $0.40

IPG sees Q1 adjusted EBITDA between $25 mln and $40 mln

Result Drivers

STRATEGIC INITIATIVES - Revenue growth driven by execution on strategic initiatives and increased demand in additive and battery manufacturing, per CEO Dr. Mark Gitin

REGIONAL SALES GROWTH - Sales increased 19% in Asia, 23% in North America, and 6% in Europe year-over-year

GROSS MARGIN IMPACT - Gross margin decreased due to higher product costs and tariffs, partially offset by lower inventory provisions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$274.50 mln
$249.45 mln (7 Analysts)
Q4 Adjusted EPS
Beat
$0.46
$0.20 (7 Analysts)
Q4 EPS
$0.31
Q4 Net Income
$13.30 mln
Q4 Gross Margin
36.10%
Q4 Operating Income
$3.30 mln
Q4 Operating Margin
1.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for IPG Photonics Corp is $97.00, about 12.5% below its February 11 closing price of $110.90

The stock recently traded at 77 times the next 12-month earnings vs. a P/E of 62 three months ago

Press Release: ID:nGNX1pP3md

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)