IPG Photonics Announces First Quarter 2026 Financial Results
IPG Photonics delivered a strong start to 2026 with Q1 revenue of $265.5 million, up 17% year-over-year, driven by double-digit growth in Industrial Solutions. Adjusted EBITDA increased 8% to $35.2 million, though GAAP operating income turned negative due to a $13.5 million litigation settlement and tariff impacts on gross margin.
Key figures
- Eps
- 0.04
- Revenue
- $265.5 million
- Guidance
- Q2 2026 revenue $260M-$290M, adjusted EPS $0.25-$0.55, adjusted EBITDA $32M-$48M
- Revenue Yoy
- 17%
- Adjusted eps
- 0.29
- Adjusted ebitda
- $35.2 million
- Gaap gross margin
- 37.5%
- Operating income loss
- -7.7
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