IPG Photonics Announces Third Quarter 2026 Financial Results
IPG Photonics posted Q3 2026 revenue of $287.5 million, up 15% year-over-year, its fourth consecutive quarter of double-digit growth and above the midpoint of guidance. GAAP net income more than doubled to $20.3 million ($0.47 per diluted share), adjusted EPS rose 74% to $0.61, and adjusted EBITDA grew 39% to $51.5 million as gross margin expanded to 41.0%. Q4 guidance calls for revenue of $265M-$295M and adjusted EPS of $0.30-$0.60, excluding any contribution from the pending Lumibird Medical acquisition expected to close in Q4.
Key figures
- Eps
- 0.47
- Revenue
- 287500000
- Guidance
- Q4 2026 revenue $265M-$295M, adjusted gross margin 37.0%-40.0%, adjusted opex $91M-$94M, adjusted EPS $0.30-$0.60, adjusted EBITDA $33M-$50M; assumes no contribution from Lumibird Medical acquisition
- Revenue Yoy
- 15%
- Capex
- 17000000
- Asia growth
- 14%
- Adjusted eps
- 0.61
- Book to bill
- approximately one
- Europe growth
- -1%
- Net income yoy
- 171%
- Tariff refunds
- 5000000
- Adjusted ebitda
- 51517000
- Gaap net income
- 20273000
- Adjusted eps yoy
- 74%
- Operating income
- 20777000
- Operating margin
- 7.2%
- Gaap gross margin
- 40.7%
- Adjusted ebitda yoy
- 39%
- Cash and equivalents
- 710688000
- Cash from operations
- 46000000
- North america growth
- 33%
- Adjusted gross margin
- 41.0%
- Advanced solutions revenue
- 47952000
- Industrial solutions revenue
- 239548000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.