IPG Photonics (IPGP)
Develops and manufactures lasers for industrial materials processing, medical, and advanced applications.
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Develops and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems. Materials processing is its central application base, supported by vertically integrated manufacturing.
Develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems. Materials processing is the central application base, including welding, marking, additive manufacturing, and cleaning, alongside medical and advanced applications. The catalog combines light-source components and systems rather than a single end-market equipment line.
Manufacturing is vertically integrated from components through finished laser products, supporting technical product development and application expansion. Operations span multiple countries, while the company is headquartered in Massachusetts. Materials processing remains the central commercial focus, and the organization depends on its manufacturing model and continued application development.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 17, 2026 | Needham | Reiterate | Rating: —Target: $110 | Target: $120 |
| May 19, 2026 | Roth Capital | Target | Target: $110 | Target: $151 |
| May 6, 2026 | Needham | Upgrade | Target: — | Target: $110 |
| Feb 13, 2026 | Stifel Nicolaus | Target | Target: $92 | Target: $165 |
| Feb 13, 2026 | Raymond James | Downgrade | Target: — | Target: $180 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $871.3M · Total debt $16.3M · Total assets $2.42B · Shareholders' equity $2.13B
- Revenue
- $278.6M
- Operating income
- $4.5M
- Net income
- $5.2M
No dividends on record.
| Institutions | ≈ 71.45% | 30.39M shares | |
|---|---|---|---|
| 369 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 35.61% | 15.14M shares | |
| 17 holders · as of Aug 27, 2026 | |||
| Strategic holders | 30.68% | 13.05M shares | |
| 2 holders · as of Sep 3, 2026 | |||
| Adds to | 137.74% | ||
42.53M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 137.74%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Shcherbakov Eugene AInsider | 34.27% | 14.58M | filed Jul 28, 2026 |
Valentin Gapontsev Trust IStrategic10 percent owner | 15.62% | 6.64M | filed Sep 3, 2026 |
Ip Fibre Devices LtdStrategic10 percent owner | 15.06% | 6.41M | filed Aug 6, 2026 |
First Eagle Investment Management, LLCInstitution | 7.85% | 3.34M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.70% | 2.85M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | Valentin Gapontsev Trust I | 10 percent owner | −9,306 | $75.95 |
| Sep 1, 2026 | Valentin Gapontsev Trust I | 10 percent owner | −18,091 | $75.14 |
| Aug 26, 2026 | John R. Peeler | director | +2,710 | $73.58 |
| Aug 5, 2026 | Ip Fibre Devices Ltd | 10 percent owner | −18,111 | $96.12 |
| Aug 4, 2026 | Ip Fibre Devices Ltd | 10 percent owner | −12,202 | $95.18 |
