IPG Photonics(US:IPGP)2025-05-06 12:48Financial Performance - Revenue decreased by 10% year-over-year, with Q1 2025 revenue at $2278 million compared to $2520 million in Q1 2024[3, 4] - GAAP gross margin increased by 70 basis points year-over-year to 394% in Q1 2025[3, 21] - GAAP operating income significantly decreased by 91% year-over-year, from $191 million in Q1 2024 to $18 million in Q1 2025[4] - Net income decreased by 84% year-over-year, from $241 million in Q1 2024 to $38 million in Q1 2025[4] - Earnings per diluted share (EPS) decreased by 83% year-over-year, from $052 in Q1 2024 to $009 in Q1 2025[3, 4] - Adjusted EBITDA decreased by 19% year-over-year, from $403 million in Q1 2024 to $327 million in Q1 2025[3, 4, 24] - Adjusted EPS decreased by 38% year-over-year, from $050 in Q1 2024 to $031 in Q1 2025[3, 4, 26] Revenue and Market Trends - Emerging growth products accounted for 51% of total revenue[3] - Sales declined year-over-year in North America due to lower revenue in cutting and welding applications[10] - European sales declined primarily due to lower demand in cutting and welding applications and exit from Russia[10] Financial Guidance - The company expects Q2 2025 revenue to be between $210 million and $240 million[15]