IPG Photonics Corporation

IPGP Technology Semiconductor Equipment & Materials

IPG Photonics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 2.73% from fiscal 2024.

Revenue
+14.6%
EPS
+164.8%
Free cash flow
+105.2%

Quarter to September 2026, against a year earlier

65.09 3.06 +4.93%
Market cap
$2.6B
P/E
65.0×
Fwd P/E
65.8×
Dividend yield
—
F-score
8/9
Altman Z
8.69
Beneish M
−2.50
Dividend safety
n/a

IPG Photonics Corporation (IPGP) Revenue growth

Alert me on Revenue growth

IPG Photonics Corporation's revenue growth over the twelve months to 30 September 2026 was 14.8%, up 12.0 percentage points from fiscal 2025 (2.73%). Over the past ten years it has ranged from −24.1% (fiscal 2024) to 40.0% (fiscal 2017); the current reading is higher than 55% of that period. That is below the Semiconductor Equipment & Materials industry median of 15.8% and above the Technology sector median of 11.8%.

Revenue growth, annual

Embed this chart

Annual newest first

Period Revenue growth Change (points)
FY2025 2.73% 26.83
FY2024 −24.1% (14.16)
FY2023 −9.94% (7.80)
FY2022 −2.14% (23.80)
FY2021 21.7% 30.32
FY2020 −8.66% 1.29
FY2019 −9.95% (13.57)
FY2018 3.62% (36.40)
FY2017 40.0% 28.38
FY2016 11.6% (5.43)

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 14.6% 3.53
Jun 2026 11.1% (5.44)
Mar 2026 16.6% (0.58)
Dec 2025 17.1% 9.56
43 more quarters

Against its own ten years

Low −24.1% High 40.0%
Ten-year median 2.73%
Current reading's percentile 55

Revenue growth against peers

Company Revenue growth
AXTI AXT Inc compare 89.1%
KLIC Kulicke and Soffa Industries, Inc. compare 44.4%
COHU Cohu, Inc. compare 34.0%
ACMR ACM Research, Inc. compare 27.3%
AMBA Ambarella, Inc. compare 20.0%
UCTT Ultra Clean Holdings, Inc. compare 15.8%
IPGP IPG Photonics Corporation 14.8%
VECO Veeco Instruments Inc. compare 6.58%
ACLS Axcelis Technologies, Inc. compare 4.35%
Semiconductor Equipment & Materials industry median 15.8%
Technology sector median 11.8%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

More on IPGP