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IPGP 
IPG Photonics Corporation (IPGP)
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Upturn Advisory Summary
12/10/2025: IPGP (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $94
1 Year Target Price $94
| 2 | Strong Buy |
| 0 | Buy |
| 5 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -17.54% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/10/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.61B USD | Price to earnings Ratio 155.44 | 1Y Target Price 94 |
Price to earnings Ratio 155.44 | 1Y Target Price 94 | ||
Volume (30-day avg) 9 | Beta 1.02 | 52 Weeks Range 48.59 - 92.21 | Updated Date 12/10/2025 |
52 Weeks Range 48.59 - 92.21 | Updated Date 12/10/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.66% | Operating Margin (TTM) 3.9% |
Management Effectiveness
Return on Assets (TTM) 0.82% | Return on Equity (TTM) 1.22% |
Valuation
Trailing PE 155.44 | Forward PE 58.14 | Enterprise Value 2702284196 | Price to Sales(TTM) 3.75 |
Enterprise Value 2702284196 | Price to Sales(TTM) 3.75 | ||
Enterprise Value to Revenue 2.8 | Enterprise Value to EBITDA 29.15 | Shares Outstanding 42124481 | Shares Floating 26737672 |
Shares Outstanding 42124481 | Shares Floating 26737672 | ||
Percent Insiders 41.48 | Percent Institutions 70.94 |
Upturn AI SWOT
IPG Photonics Corporation
Company Overview
History and Background
IPG Photonics Corporation was founded in 1990 by Valentin Gapontsev. It is a leading global provider of high-power fiber lasers and amplified optical components. The company has experienced significant growth through innovation and strategic acquisitions, establishing itself as a dominant player in the laser technology market.
Core Business Areas
- High-Power Fiber Lasers: IPG Photonics designs, manufactures, and sells a comprehensive line of fiber lasers that are crucial for a wide range of industrial, medical, and telecommunications applications. These lasers are known for their high efficiency, reliability, and beam quality.
- Amplified Optical Components: The company also produces and sells a variety of optical components, including fiber amplifiers, laser diodes, and other related products that are essential for advanced optical systems.
- Advanced Applications: IPG Photonics' technologies are used in diverse sectors such as automotive, aerospace, medical device manufacturing, electronics, and telecommunications, enabling advanced manufacturing processes and cutting-edge research.
Leadership and Structure
IPG Photonics is led by its founder and CEO, Dr. Valentin P. Gapontsev. The company operates with a vertically integrated business model, controlling key aspects of its manufacturing process from raw materials to finished products. It has a global presence with manufacturing facilities and sales offices in various regions.
Top Products and Market Share
Key Offerings
- High-Power Fiber Lasers: IPG Photonics is renowned for its high-power continuous wave (CW) fiber lasers, pulsed fiber lasers, and q-switched fiber lasers. These lasers are critical for applications like cutting, welding, marking, and additive manufacturing. Competitors include TRUMPF, Amada, and Coherent. Specific market share data for individual product lines is proprietary, but IPG is considered a market leader in high-power fiber lasers.
- Fiber Amplifiers: These components are used to boost the power of optical signals in telecommunications and other optical systems. IPG's amplifiers are recognized for their performance and reliability. Competitors include Lumentum and Fujikura.
- Laser Diodes: IPG manufactures high-power laser diodes which serve as the fundamental light source for many of its laser systems, and are also sold as standalone products.
Market Dynamics
Industry Overview
The laser industry, particularly the segment for high-power fiber lasers, is experiencing robust growth driven by increasing adoption in industrial manufacturing for automation, efficiency, and precision. Emerging applications in medical, defense, and telecommunications also contribute to market expansion. The industry is characterized by technological innovation and a focus on power, efficiency, and specialized wavelengths.
Positioning
IPG Photonics is a leading innovator and manufacturer of high-power fiber lasers, holding a significant market share in this segment. Its competitive advantages include its proprietary technology, vertically integrated manufacturing, and extensive R&D capabilities, which allow it to offer highly efficient and reliable products. The company is well-positioned to capitalize on the growing demand for laser-based solutions in advanced manufacturing and other sectors.
Total Addressable Market (TAM)
The global market for industrial lasers, which includes fiber lasers, is estimated to be in the tens of billions of dollars and is projected to grow at a CAGR of around 8-10% over the next several years. IPG Photonics is a dominant player in the high-power fiber laser segment, which is a substantial portion of this TAM. Its position is strong, especially in applications where high power and reliability are paramount.
Upturn SWOT Analysis
Strengths
- Proprietary technology and extensive intellectual property portfolio.
- Vertically integrated manufacturing process, ensuring quality control and cost efficiency.
- Strong global sales and service network.
- Reputation for high-power, reliable, and efficient fiber lasers.
- Significant R&D investment driving continuous innovation.
Weaknesses
- Reliance on a few key product lines.
- Potential for supply chain disruptions affecting critical components.
- Competition from larger, more diversified conglomerates in certain market segments.
Opportunities
- Growing demand for laser-based solutions in emerging markets and new applications (e.g., electric vehicles, advanced medical devices).
- Expansion into new geographies and customer segments.
- Development of next-generation laser technologies with enhanced capabilities.
- Strategic partnerships and acquisitions to broaden product offerings or market reach.
Threats
- Intensifying competition from established players and new entrants.
- Rapid technological advancements requiring continuous innovation.
- Economic downturns impacting industrial capital expenditures.
- Geopolitical risks and trade policy changes affecting global operations and sales.
- Potential for commoditization of certain laser technologies.
Competitors and Market Share
Key Competitors
- TRUMPF (NA)
- Amada Co., Ltd. (AMAFY)
- Coherent Corp. (COHR)
- Han's Laser Technology Industry Group Co., Ltd. (NA)
Competitive Landscape
IPG Photonics holds a strong position due to its advanced technology, high-power capabilities, and vertical integration. Its advantages lie in product performance, reliability, and cost-effectiveness at high power levels. However, it faces stiff competition from established players who also offer a broad range of laser solutions and possess strong market penetration. IPG's focus on fiber lasers is a key differentiator, but competitors with diverse laser technologies can cater to a wider array of customer needs.
Growth Trajectory and Initiatives
Historical Growth: IPG Photonics has a proven track record of consistent historical growth, largely fueled by its innovation in fiber laser technology and its ability to scale production to meet rising global demand. The company has consistently expanded its product portfolio and market reach.
Future Projections: Analyst projections for IPG Photonics typically indicate continued revenue and earnings growth, driven by the ongoing adoption of fiber lasers in industrial automation, advancements in medical applications, and the expansion of telecommunications infrastructure. Growth is expected to be supported by its strong product pipeline and market leadership.
Recent Initiatives: Recent initiatives likely include investments in new manufacturing facilities to increase capacity, R&D efforts focused on developing lasers with higher power, greater efficiency, and new functionalities, and potentially strategic partnerships or acquisitions to expand its technology base or market access. The company also focuses on developing solutions for emerging markets like additive manufacturing and advanced electronics.
Summary
IPG Photonics Corporation is a well-established leader in the high-power fiber laser market, demonstrating strong technological innovation and a vertically integrated business model. Its financial performance has been robust, driven by increasing global demand in industrial and emerging applications. The company's key strengths lie in its proprietary technology and market dominance in specialized segments. However, it must navigate intense competition and rapid technological evolution to maintain its growth trajectory. Continued investment in R&D and strategic market expansion will be crucial for its future success.
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Sources and Disclaimers
Data Sources:
- Company's official investor relations website
- Financial news and analysis platforms (e.g., Bloomberg, Reuters, Seeking Alpha)
- Industry market research reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute investment advice. Financial data and market share estimates are subject to change and may vary depending on the source and reporting period. Users should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About IPG Photonics Corporation
Exchange NASDAQ | Headquaters Marlborough, MA, United States | ||
IPO Launch date 2006-12-13 | CEO & Director Dr. Mark Milton Gitin Ph.D. | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 4740 | Website https://www.ipgphotonics.com |
Full time employees 4740 | Website https://www.ipgphotonics.com | ||
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in materials processing, medical, and advanced applications worldwide. The company offers laser products, including hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; and high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers, as well as other versions. It also provides complementary products, such as optical fiber delivery cables, fiber couplers, beam switches, optical processing heads, process measuring and monitoring technologies, and chillers. In addition, the company offers integrated laser systems comprising LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems and multi-axis systems for fine welding, cutting, and drilling; high precision laser systems for medical technology industry; welding seam stepper and picker, a fiber laser welding tool; laser and non-laser robotic welding and automation solutions; and specialized fiber laser systems for material processing applications. The company sells and markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. It serves general manufacturing, automotive, consumer goods, medical devices, energy/renewable energy, micro electronics, original equipment manufacturers instrument manufacturing, scientific, as well as aerospace and defense, rail, and shipbuilding markets. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts.
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