MARLBOROUGH, Mass., Feb. 26, 2026 (GLOBE NEWSWIRE) -- IPG Photonics, the global leader in fiber laser technology, announced today that it has received an order from Lockheed Martin Corporation for the delivery of its CROSSBOW™ high-energy laser counter-UAS defense systems. The order is valued at approximately $10 million and is expected to be delivered over the next several quarters. “We are encouraged by the continued success of CROSSBOW, our scalable, cost-effective laser defense system for countering sma ...

MARLBOROUGH, Mass.,, Feb. 25, 2026 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the global leader in fiber laser technology, announced today that the Local Division of the Unified Patent Court (UPC) located in Mannheim, Germany has issued a decision in a patent infringement case brought by Trumpf SE & Co. KG (“Trumpf”). The court ruled that certain designs of IPG’s adjustable mode beam (AMB) lasers used in welding and cutting applications infringed European Patent 2,951,625. The decision im ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-33155 IPG PHOTONICS CORPORATION (Exact name of registrant as specified in its charter) Delaware 04-3444218 (Stat ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: IPG Photonics (IPGP) - IPG Photonics currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, IPG shares have increased by 18.61%, while the Zacks Lasers Systems and Components industry has remained flat [5] - In a longer timeframe, IPG shares have risen by 43.02% over the past month, significantly outperforming the industry's 4.17% [5] - For the last quarter, IPG shares have increased by 46.23%, and over the past year, they have risen by 76.12%, compared to the S&P 500's gains of 1.65% and 15.6%, respectively [6] Trading Volume - The average 20-day trading volume for IPG is 506,452 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for IPG has increased, raising the consensus estimate from $1.14 to $1.21 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating positive earnings momentum [9] Conclusion - Given the strong performance metrics and positive earnings outlook, IPG Photonics is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [11]

Financial Data and Key Metrics Changes - Fourth quarter revenue increased by 17% year-over-year and 9% sequentially, driven by stabilization in industrial demand and growth in medical and advanced applications [5][10] - Full-year revenue grew by 3%, marking the first full-year revenue growth since 2021 [6] - GAAP gross margin was 36.1%, while adjusted gross margin was 37.6%, impacted by planned inventory management and tariffs [21][22] - GAAP net income was $13 million or $0.31 per diluted share, with adjusted net income at $20 million, resulting in earnings per diluted share of $0.46 [23] Business Line Data and Key Metrics Changes - Materials processing revenue increased by 17% year-over-year, with stable demand in welding and increased demand in battery and additive manufacturing applications [5][18] - Medical sales grew by 21% year-over-year, driven by new product traction and a major customer win [8][9] - Revenue from applications outside of materials processing increased by 15%, with significant growth in medical and advanced applications [18] Market Data and Key Metrics Changes - North America sales increased by 21% sequentially and 23% year-over-year, driven by higher revenue in cutting, cleaning, medical, and advanced applications [19] - Europe sales increased by 8% sequentially and 7% year-over-year, with strong growth in additive manufacturing and cleaning [19] - Asia revenue improved by 5% sequentially and 19% year-over-year, primarily due to higher welding sales in China [20] Company Strategy and Development Direction - The company is focusing on strengthening its position in core industrial applications while penetrating new non-industrial markets [12] - Growth initiatives in medical, micromachining, and defense are key investment priorities, with expectations for continued momentum into 2026 [11][12] - The company aims to expand its addressable market by integrating laser technology with applications expertise to address complex customer challenges [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding improving market conditions and customer demand, despite ongoing macroeconomic uncertainties [10][11] - Strong bookings in Q4 resulted in a book-to-bill ratio above one, indicating positive demand trends [10][26] - The company plans to maintain a balanced capital allocation strategy, investing in growth while returning capital to shareholders [25] Other Important Information - The company received FDA clearance for a next-generation urology system, enhancing its medical product offerings [9] - The cleanLASER acquisition has generated revenue synergies and contributed to growth in the cleaning segment [14][15] - The company has authorized a new $100 million share repurchase program to continue returning capital to shareholders [25] Q&A Session Summary Question: Thoughts on cutting revenue stability and long-term growth targets - Management noted that cutting revenue has stabilized and is expected to grow alongside investments in core markets [32][33] Question: Update on Directed Energy investment and market interest - Management reported strong customer interest in the Crossbow system for military and civilian applications, with plans for future product enhancements [37][38] Question: Margin improvement and revenue levels for fixed cost absorption - Management indicated that revenue levels above $270 million would help improve gross margins, with ongoing cost reduction initiatives in place [40][41] Question: Plans for investment in Directed Energy applications - Management confirmed a roadmap for increasing power levels in Directed Energy products, targeting smaller class drones [45] Question: Expectations for new medical products in 2026 - Management anticipates significant growth in medical sales, with new product launches planned for 2026 [46][47] Question: Competitive environment updates, especially in Asia - Management stated that pricing pressures are minimal in differentiated markets, with strong demand in battery and advanced applications [62] Question: Variability in bookings by region - Management reported broad-based order activity, with North America and Asia showing strong performance, while Europe is improving [68]

Financial Data and Key Metrics Changes - Fourth quarter revenue increased by 17% year-over-year and 9% sequentially, driven by stabilization in industrial demand and growth initiatives [5][18] - Full-year revenue grew by 3%, marking the first full-year revenue growth since 2021 [6] - GAAP gross margin was 36.1%, while adjusted gross margin was 37.6%, impacted by lower absorption of fixed costs and tariffs [21][22] - GAAP net income was $13 million or $0.31 per diluted share, with adjusted net income at $20 million, resulting in earnings per diluted share of $0.46 [23] Business Line Data and Key Metrics Changes - Materials processing revenue increased by 17% year-over-year, with stable demand in welding and growth in battery and additive manufacturing applications [5][18] - Medical sales grew by 21% year-over-year, driven by new product traction and a major customer win [8][9] - Revenue from applications outside materials processing increased by 15%, with strong growth in medical and advanced applications [18] Market Data and Key Metrics Changes - North America sales increased by 21% sequentially and 23% year-over-year, driven by higher revenue in cutting, cleaning, medical, and advanced applications [19] - Europe saw an 8% sequential increase and 7% year-over-year growth, primarily in additive manufacturing and cleaning [19] - Asia's revenue improved by 5% sequentially and 19% year-over-year, with strong demand in battery applications in China [20] Company Strategy and Development Direction - The company is focusing on expanding its business beyond materials processing, with 14% of total revenue coming from micromachining, medical, and advanced applications [8][11] - Strategic investments are being made in core industrial applications and new non-industrial markets, aiming to create new laser applications and expand the addressable market [12][13] - The company is evolving towards a team-led operating model to enhance decision-making and accelerate product development [11] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about improving market conditions and customer demand, despite ongoing macroeconomic uncertainties [10][28] - Strong bookings in Q4 resulted in a book-to-bill ratio above one, indicating positive demand trends [10][26] - The company anticipates revenue for Q1 2026 to be between $235 million and $265 million, with adjusted gross margin expected between 37% and 39% [26][27] Other Important Information - The company received a Prism Award for its new 8-kilowatt single-mode laser, reinforcing its position as a leader in fiber laser innovation [16] - The integration of cleanLASER has exceeded expectations, generating revenue synergies and enhancing growth in cleaning applications [14][15] Q&A Session Summary Question: Thoughts on cutting revenue stability and long-term growth targets - Management noted that cutting revenue has stabilized and is showing signs of growth, with ongoing investments in core markets [31][32] Question: Update on Directed Energy market and Crossbow product interest - Management reported strong customer interest in the Crossbow system, which targets military and civilian applications, and is seeing good traction in the market [35][38] Question: Margin improvement and revenue levels needed for fixed cost absorption - Management indicated that revenue levels above $270 million would help improve gross margins, with ongoing cost reduction initiatives in place [39][40] Question: Plans for investment in Directed Energy applications - Management confirmed a roadmap for increasing power levels in Directed Energy products, with plans for future product launches [45] Question: Expectations for new medical products in 2026 - Management expects significant growth in medical sales, with new product launches planned and a focus on doubling or tripling the business over the next few years [46][47] Question: Competitive environment and pricing pressures in Asia - Management stated that pricing pressures are minimal in differentiated markets, with strong demand in battery and advanced applications [60][61] Question: Variability in bookings by region - Management reported broad-based order activity, with North America and Asia performing well, while Europe showed signs of improvement [67]

Financial Data and Key Metrics Changes - Fourth quarter revenue increased by 17% year-over-year and 9% sequentially, driven by stabilization in industrial demand and growth in medical and advanced applications [5][17] - Full-year revenue grew by 3%, marking the first full-year revenue growth since 2021, with materials processing sales flat and welding revenue stable [6][9] - GAAP gross margin was 36.1%, while adjusted gross margin was 37.6%, impacted by planned inventory management and tariffs [20][22] Business Line Data and Key Metrics Changes - Materials processing revenue increased by 17% year-over-year, with strong performance in welding, marking, cleaning, and additive manufacturing [17] - Medical sales grew by 21% year-over-year, driven by new product traction and a major customer win [7][8] - Revenue from applications outside of materials processing accounted for approximately 14% of total revenue, with double-digit growth in micromachining, medical, and advanced applications [7][10] Market Data and Key Metrics Changes - North America sales increased by 21% sequentially and 23% year-over-year, driven by higher revenue in cutting, cleaning, medical, and advanced applications [18] - Europe saw an 8% sequential and 7% year-over-year increase, primarily from additive manufacturing and cleaning applications [18] - Asia revenue increased by 5% sequentially and 19% year-over-year, with strong demand in battery applications in China [19] Company Strategy and Development Direction - The company is focusing on strengthening its position in core industrial applications while penetrating new non-industrial markets, particularly in medical, micromachining, and directed energy [10][11] - The integration of cleanLASER has provided revenue synergies and enhanced growth in cleaning applications [12][13] - The company aims to capitalize on growth opportunities by combining laser technology with deep applications expertise to address complex customer challenges [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding improving market conditions and customer demand, despite ongoing macroeconomic uncertainties [9][10] - Strong bookings in Q4 resulted in a book-to-bill ratio above one, indicating positive demand trends [9][25] - The company plans to continue investing in growth initiatives while maintaining a strong balance sheet [24][26] Other Important Information - The company received a Prism Award for its new 8-kilowatt single-mode laser, reinforcing its position as a leader in fiber laser innovation [15] - The company is actively looking for tuck-in acquisitions to augment adjacent markets and accelerate growth [48][49] Q&A Session Summary Question: Thoughts on cutting revenue stability and long-term growth targets - Management noted that cutting revenue has stabilized and is expected to grow alongside investments in core markets like additive manufacturing and welding [31][33] Question: Update on Directed Energy opportunities and customer interest - Management reported strong customer interest in the Crossbow system for military and civilian applications, highlighting its differentiation and scalability [35][38] Question: Margin improvement and revenue levels needed for fixed cost absorption - Management indicated that revenue levels above $270 million could help improve gross margins, with ongoing cost reduction initiatives in place [39][40] Question: Plans for investment in Directed Energy applications - Management confirmed plans to increase investment in Directed Energy, with a roadmap for higher power systems in development [44][45] Question: Competitive environment and pricing pressures in Asia - Management stated that pricing remains stable in differentiated areas like battery and additive manufacturing, despite competitive pressures in cutting [60][61] Question: Updates on semiconductor exposure and growth expectations - Management highlighted engagement in lithography, metrology, and inspection, with expectations for growth aligned with semiconductor sector investments [71][72] Question: Clarification on micromachining and additive manufacturing applications - Management explained that additive manufacturing involves sintering powdered metal, while micromachining focuses on precision cutting and drilling for various industries [76][79]

IPG Photonics (IPGP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +82.54%. A quarter ago, it was expected that this high-powered laser maker would post earnings of $0.16 per share when it actually produced earnings of $0.35, delivering a surprise of +118.75%.Over the last four quar ...

Earnings Call Presentation Fourth Quarter 2025 February 12, 2026 10:00 am ET • By phone: 877-407-6184 in the US or 201-389-0877 internationally • A live webcast of the call will be available and archived on the investor relations section of the Company's website at investor.ipgphotonics.com Q4'25 Summary $274M Revenue $41M Adj. EBITDA $0.46 Adj. EPS © 2025 IPG PHOTONICS Note Regarding Forward Looking Statements and Use of Non-GAAP Financials Information and statements provided by IPG and its employees, incl ...

Financial Performance - Fourth quarter revenue reached $274.5 million, a 17% increase year-over-year, driven by growth in materials processing, medical, and advanced applications [5] - Gross margin for the fourth quarter was 36.1%, down from 38.6% in the previous year, impacted by higher product costs and tariffs [6] - Net income for the fourth quarter was $13.3 million, a 71% increase compared to $7.8 million in the same quarter last year [2] - Adjusted EBITDA for the fourth quarter was $41.2 million, an 11% increase from $37.3 million year-over-year [2] - Operating income for the fourth quarter was $3.3 million, a significant decrease of 76% from $14 million in the same quarter last year [2] - Net income for 2025 was $31,096,000, a significant recovery from a net loss of $181,526,000 in 2024 [20] - Adjusted gross profit for 2025 was $388,890,000, up from $370,039,000 in 2024, indicating a year-over-year increase of about 5% [32] - Adjusted gross margin improved to 38.7% in 2025 compared to 34.6% in 2024 [32] - Operating income for 2025 was $13,104,000, a recovery from an operating loss of $208,254,000 in 2024 [33] - Net income for Q4 2025 was $13,270,000, compared to $7,815,000 in Q4 2024, representing a 70.5% increase [34] - Adjusted EBITDA for Q4 2025 reached $41,230,000, up from $37,288,000 in Q4 2024, indicating a 5.2% growth [34] - Adjusted net income for the twelve months ended December 31, 2025, was $60,614,000, a decrease of 17.7% from $73,644,000 in 2024 [35] - Adjusted net earnings per diluted share for the twelve months ended December 31, 2025, was $1.42, down from $1.66 in 2024, reflecting a 14.5% decline [35] Future Projections - For Q1 2026, the company expects revenue between $235 million and $265 million, with adjusted gross margin projected between 37% and 39% [9] Investment and Growth - Emerging growth products accounted for 54% of total revenue, up from 52% in the prior quarter, indicating a positive trend in new product adoption [5] - The company plans to continue investing in innovation and new product roadmaps to support long-term growth [4] - The company made investments totaling $943,323,000 in 2025, compared to $713,151,000 in 2024, indicating a significant increase in investment activities [20] Shareholder Actions - The company authorized a new share repurchase program of up to $100 million, reflecting confidence in its financial position [7] Assets and Liabilities - Total assets increased to $2,424,280,000 in 2025 from $2,289,264,000 in 2024, representing a growth of approximately 5.9% [19] - Total current liabilities increased to $234,037,000 in 2025 from $205,019,000 in 2024, reflecting an increase of about 14.1% [19] - Cash and cash equivalents decreased to $403,790,000 at the end of 2025 from $620,040,000 at the end of 2024, a decline of approximately 34.9% [20] - Cash flows from operating activities for 2025 were $75,344,000, down from $247,896,000 in 2024 [20] Tax and Compensation - The company reported a non-GAAP tax provision of 16% for the fiscal fourth quarter of 2025 [31] - The effective tax rate for Q4 2025 was -26%, compared to 64% in Q4 2024, showing a significant change in tax impact [36] - The adjusted tax rate for Q4 2025 was 16%, a decrease from 46% in Q4 2024, reflecting a change in tax strategy [36] - Stock-based compensation for Q4 2025 was $10,180,000, an increase from $7,720,000 in Q4 2024, marking a 32.0% rise [34] - The company incurred acquisition and integration charges of $5,051,000 in Q4 2025, compared to $249,000 in Q4 2024, indicating a substantial increase in these costs [35] Demand Indicators - The book-to-bill ratio was above one, indicating strong demand and improved industrial activity, particularly in the U.S. and Asia [8]