IPG Photonics (IPGP)
Information Technology · Industrial fiber lasers and laser systems
A vertically integrated manufacturer of high-power fiber lasers and amplifiers that compete with traditional laser and non-laser technologies across industrial, medical, and advanced materials processing applications.
What IPG Photonics does
IPG Photonics develops, manufactures, and sells high-performance fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used across materials processing, medical, and advanced applications. The company is vertically integrated, designing and manufacturing most key components from semiconductor diodes to optical fiber preforms, and sells globally to OEMs, system integrators, and end users through a direct sales force.
Themes: ["Fiber laser manufacturing","Industrial laser materials processing","Advanced manufacturing / additive manufacturing","Laser-based medical applications","High-power laser systems"]
Fundamentals
- Price$108.03 as of 2026-07-09 close
- Market cap$4.5B as of 2026-07-10
- 1-year return+40.1% as of 2026-07-09 close
- P/E156.52 as of 2026-07-10
- Net margin+2.8% as of 2026-07-10
- Gross margin+37.6% as of 2026-07-10
- ROE+1.4% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+9.3% as of 2026-07-10
- Revenue CAGR (3y)-11.1% SEC XBRL
- Beta0.98 as of 2026-07-10
Key risks (from latest filing)
["Foreign currency exposure with major manufacturing in the United States and Germany","Dependence on semiconductor diode supply and specialized optical fiber technology","Competitive pressure from alternative laser technologies and non-laser manufacturing solutions"]
Competitors & peers
- Coherent (COHR)
- Lumentum Holdings (LITE)
- II-VI Incorporated
- Applied Optoelectronics (AOI)
- Rofin-Sinar Technologies
- Trumpf (German competitor, privately held)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.