IPG Photonics Corporation

IPG Photonics Corporation

IPGPยทNASDAQ

$121.62

-4.1%
TechnologySemiconductors

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks; and ytterbium and thulium specialty fiber amplifiers and broadband light sources. In addition, the company offers integrated laser systems; 2D compact flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems; and optical transceiver and transponder modules for interconnecting electronic equipment, including Ethernet switches, IP routers and DWDM/SONET/SDH optical transport modules within telecommunications, cable multi-system operators, and data center networking applications. It's lasers and amplifiers are also used in materials processing, communications, and medical and advanced applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.

At a Glance

Live Snapshot
Market Cap$5.16B
EPS0.7300
P/E Ratio166.60
Earnings Date08/04/2026
3Y-65.0%
5Y-74.0%
10Y-74.0%
3Y-189.0%
5Y+166.0%
10Y-3.0%
3Y-89.0%
5Y+438.0%
10Y-265.0%
IPGP

IPG Photonics Corporation Cash Conversion Engine

IPGP ยท NASDAQ
Net Income31.10M
Depreciation & Amortization66.85M
Stock-Based Compensation0.00
Change in Working Capital-85.32M
Others76.39M
Capital Expenditures-78.80M
Free Cash Flow-3.45M

Cash Flow Quality Analysis

FCF Conversion Rate

-11.1%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

104.6%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-102.3%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$85.32M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

IPG Photonics Corporation Cash Flow Statement

IPGP โ€ข NASDAQ

IPG Photonics Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
31.1M
-181.5M
218.9M
110.8M
277.9M
160.3M
180.3M
404.2M
347.6M
260.7M
242M
200.4M
155.8M
147.7M
121M
54.4M
5.3M
36.7M
29.9M
29.2M
66.9M
61.4M
69.6M
90.6M
96.3M
94.6M
96.3M
80.3M
64.6M
51.5M
42.4M
35.6M
32.3M
26.4M
24.4M
21.8M
19.2M
15.8M
12.3M
9.1M
-13.7M
-25.7M
-13.8M
-27.6M
-6.9M
-12.8M
-15.5M
-4.6M
22.9M
-12.9M
-7.2M
-1.5M
-6.2M
5.5M
-288K
401K
-4.1M
2.4M
8.1M
-10.2M
0.0
37.1M
39.5M
38.3M
37.9M
35.5M
33.4M
28M
23M
21.7M
19M
15.2M
11.7M
8.6M
8M
3.2M
2.8M
2.1M
1.3M
533K
76.4M
295.1M
36.3M
202.8M
68.5M
104.5M
120.5M
32.6M
53.9M
51.5M
35M
29.1M
25.3M
21.2M
15.1M
10.6M
11.6M
5.7M
5.2M
10.6M
(0.0)
(40.6M)
(62.9M)
(113.2M)
(63M)
(85.9M)
(117M)
(112.8M)
(155.6M)
(127M)
(91.3M)
(73.5M)
(89.6M)
(26M)
(39.2M)
(7.4M)
(0.0)
(0.0)
(0.0)
(0.0)
-85.3M
61.5M
-54.6M
-202.2M
-84M
-96.8M
-91.4M
-147.2M
-107.5M
-80.2M
-74.7M
-94.6M
-99.6M
-33.9M
-80.3M
-27M
19.7M
-28M
-46.2M
-20.1M
75.3M
247.9M
296M
212.6M
389.7M
285.3M
323.5M
393.3M
404.4M
292.3M
256.6M
184.2M
119.4M
175.5M
87.9M
63.4M
54.4M
34.7M
10.7M
19.2M
INVESTING ACTIVITIES
-78.8M
-98.5M
-110.5M
-110.1M
-123.1M
-87.7M
-133.5M
-160.3M
-126.5M
-127M
-70.1M
-90.6M
-70.9M
-68.4M
-53.6M
-28.4M
-10.5M
-37.1M
-34.3M
-20.4M
(505K)
-92.1M
(0.0)
(50.9M)
(1.4M)
-429K
-15.1M
-109.1M
-59.5M
-47.8M
-5M
(0.0)
-5.6M
-11.6M
-750K
-4.1M
(0.0)
-259K
(0.0)
(0.0)
-943.3M
-713.2M
-1.2B
-1.1B
-1.9B
-1.1B
-760.3M
-765.3M
-211.8M
-299.5M
-106.7M
(0.0)
(236K)
(0.0)
-25.5M
(0.0)
(247K)
(298K)
-7M
(0.0)
755.4M
1.1B
1.1B
1.4B
1.6B
1.1B
768.1M
470.3M
212.5M
198.8M
164K
0.0
495K
25.5M
0.0
0.0
0.0
5.5M
0.0
0.0
965K
29M
31.8M
26.8M
-1.5M
882K
898K
1.4M
15.5M
1.1M
93K
521K
-143K
-929K
109K
-77K
-388K
-2M
-587K
1.3M
-265.2M
(208.7M)
-237.6M
(297M)
-416.3M
-99.6M
-140M
-563M
-169.9M
-274.4M
-181.6M
-90.1M
-75.9M
-55.5M
-79.7M
-32.6M
-10.6M
-33.7M
-41.9M
-19.1M
FINANCING ACTIVITIES
-54.2M
-343.8M
-223.5M
-499.5M
-134.9M
-37.9M
-40.7M
-176.1M
-40M
-8.9M
0.0
0.0
0.0
167.9M
0.0
0.0
2.9M
2.1M
3.1M
93.2M
0.0
0.0
-16M
-18.1M
-3.8M
-3.7M
-3.7M
-3.6M
8.2M
21.2M
-15.7M
-2M
-2M
-6.5M
-1.4M
-591K
-15.1M
7.6M
-9.9M
-5.4M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-33.4M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-54.2M
-343.8M
-223.5M
-499.5M
-134.9M
-37.9M
-40.7M
-176.1M
-40M
-8.9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(3M)
(0.0)
(0.0)
(0.0)
0.0
4.2M
3.1M
3.1M
13.6M
31.5M
7.3M
13M
28.5M
20.6M
21M
13.5M
16.1M
-45.9M
33.3M
38.4M
-50K
2.8M
57K
-20.8M
-54.2M
-339.6M
-236.4M
-514.5M
-125.1M
-10.1M
-37.1M
-166.6M
-3.4M
32.9M
2.5M
11.5M
14.1M
82.1M
31.9M
37.8M
-12.3M
12.5M
-6.8M
66.9M
CASH FLOW SUMMARY
27.8M
-11.6M
-5.6M
-5.9M
-17.8M
19.9M
-7.9M
-29.2M
54.8M
-9.4M
-17.1M
-32.3M
7.1M
1.7M
-7.8M
-3.7M
151K
-194K
313K
322K
-216.3M
105.4M
-183.5M
-10.9M
-169.4M
195.6M
138.6M
-365.5M
286M
41.3M
60.4M
73.4M
64.7M
203.8M
32.4M
64.9M
31.6M
13.3M
-37.7M
67.3M
620M
514.7M
698.2M
709.1M
878.6M
683M
544.4M
909.9M
623.9M
582.5M
522.2M
448.8M
384.1M
180.2M
147.9M
82.9M
51.3M
38M
75.7M
8.4M
403.8M
620M
514.7M
698.2M
709.1M
878.6M
683M
544.4M
909.9M
623.9M
582.5M
522.2M
448.8M
384.1M
180.2M
147.9M
82.9M
51.3M
38M
75.7M
-3.5M
149.4M
185.5M
102.5M
266.6M
197.6M
190M
233M
277.9M
165.2M
186.5M
93.6M
48.4M
107.1M
34.3M
35M
43.9M
-2.4M
-23.7M
-1.2M

SEC Filings

IPGP - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 15, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 05, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 01, 2026
May 12, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 16, 2026
2026
10-K/A

10-K/A 2025 FY (Amended)

FY

March 06, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
10-K

10-K 2025 FY

FY

February 23, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 12, 2026
February 12, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
Showing 1 to 10 of 327 filings