Stocks · Technology · Semiconductors
IPG Photonics Corporation IPGP
$84.05 +0.47% Close, Oct 2, 2026 · NASDAQ · Market cap $3.57B
Low risk
Next earnings report: Nov 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 0.7% from -25.1% a year earlier.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- The stock is 45% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 48%
- FCF growth (TTM, YoY)Bottom 9%
- Revenue growth, 3-year CAGRBottom 8%
- Revenue growth accelerationTop 27%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 40%
- Gross marginBottom 33%
- Operating marginBottom 39%
- Cash conversion (OCF / net income)Top 11%
- Accruals (lower is better)Bottom 25%
- Net debt / EBITDA (lower is better)Top 12%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 46%
- Free-cash-flow yieldBottom 31%
- EBITDA / enterprise valueTop 43%
- Sales / enterprise valueTop 40%
- P/E vs own 5-year history (lower is better)Bottom 31%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnBottom 8%
- 1-year return vs S&P 500Top 50%
- Distance from 52-week highBottom 27%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 18%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyBottom 40%
- Upside to consensus price targetTop 22%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 40%
- Maximum drawdown, 3 yearsTop 35%
- Beta vs S&P 500 (lower is better)Top 32%
- Net debt / EBITDA (lower is better)Top 12%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.3% | 13.0% | ↑ |
| Gross margin | 34.7% | 38.4% | ↑ |
| Operating margin | -25.1% | 0.7% | ↑ |
| FCF margin | 6.8% | 1.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 13.0% | 9.3% | ↑ | Top 48% |
| Gross margin | 38.4% | 34.7% | ↑ | Bottom 33% |
| Operating margin | 0.7% | -25.1% | ↑ | Bottom 39% |
| Net margin | 2.6% | -22.8% | ↑ | — |
| Free-cash-flow margin | 1.9% | 6.8% | ↓ | — |
| Return on invested capital | 0.3% | — | Bottom 40% | |
| Revenue growth, 3-year CAGR | -11.1% | — | Bottom 8% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -1.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -22.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -3.12×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.41%
- Shareholder yield
- -0.41%
- Share count change, 1 year
- +0.8%
- Share count change, 3-year CAGR
- -3.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- -14.5%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $135.50
- Target vs current price
- +61.2%
- Analysts with a rating
- 27
- Share rating Buy or Strong Buy
- 59%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | -67.2% | +7.9% | -2.6% | -12.8% | — |
| May 5, 2026 | -87.5% | -25.7% | -15.4% | -0.3% | -30.6% |
| Feb 12, 2026 | +84.0% | +35.5% | +17.2% | -1.2% | -5.8% |
| Nov 4, 2025 | +12.5% | -2.2% | +0.8% | -5.3% | +7.6% |
| Aug 5, 2025 | +60.0% | -3.7% | -2.6% | +3.5% | +12.3% |
| May 6, 2025 | -57.1% | -13.0% | +2.7% | +9.3% | +18.6% |
| Feb 11, 2025 | -21.7% | -5.5% | -5.1% | -12.8% | -14.1% |
| Oct 29, 2024 | +70.6% | +7.3% | +1.6% | -0.4% | -10.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | $0.12 | $0.37 | -67.2% | $278.6M |
| May 5, 2026 | $0.04 | $0.32 | -87.5% | $265.5M |
| Feb 12, 2026 | $0.46 | $0.25 | +84.0% | $274.5M |
| Nov 4, 2025 | $0.18 | $0.16 | +12.5% | $250.8M |
| Aug 5, 2025 | $0.16 | $0.10 | +60.0% | $250.7M |
| May 6, 2025 | $0.09 | $0.21 | -57.1% | $227.8M |
| Feb 11, 2025 | $0.18 | $0.23 | -21.7% | $234.3M |
| Oct 29, 2024 | $0.29 | $0.17 | +70.6% | $233.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 129.3× | 43.5× | 76th | Bottom 46% |
| P/E (forward) | 76.1× | — | — | — |
| EV / EBITDA | 25.9× | — | — | Top 43% |
| EV / Sales | 2.98× | — | — | Top 40% |
| Free-cash-flow yield | 0.58% | — | — | Bottom 31% |
| Earnings yield | 0.77% | — | — | Bottom 46% |
P/E over the past five years
Range 16.8× – 182.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 2
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -11.8%
- 200-day average slope (20 days)
- -0.1%
- Distance from 50-day average
- +4.3%
- Distance from 200-day average
- -17.0%
- RSI (14)
- 61.1
- Relative volume
- 1.61×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 55.0%
- Volatility vs own 5-year history
- 79th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.15
- Correlation with S&P 500
- 0.32
- Current drawdown from 1-year high
- -45.4%
- Maximum drawdown, 3 years
- -55.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 19, 2021 | Apr 8, 2025 | -80.8% | 1060 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.57B
- P/E (TTM)
- 129.3
- EPS, diluted (TTM)
- $0.65
- Revenue (TTM)
- $1.07B
- 52-week range
- $69.41 – $155.82
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.46B | $1.43B | $1.29B | $977.1M | $1.00B |
| Gross profit | $696.4M | $555.4M | $541.7M | $338.2M | $381.5M |
| Operating income | $367.9M | $169.5M | $232.0M | -$208.3M | $13.1M |
| Net income | $278.4M | $109.9M | $218.9M | -$181.5M | $31.1M |
| EPS (diluted) | $5.16 | $2.16 | $4.63 | -$4.09 | $0.73 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $233.1M | $234.3M | $227.8M | $250.7M | $250.8M | $274.5M | $265.5M | $278.6M |
| Net income | -$233.6M | $7.8M | $3.8M | $6.6M | $7.5M | $13.3M | $1.6M | $5.2M |
| EPS (diluted) | -$5.33 | $0.18 | $0.09 | $0.16 | $0.18 | $0.31 | $0.04 | $0.12 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $389.7M | $212.6M | $296.0M | $247.9M | $75.3M |
| Capital expenditure | -$123.1M | -$110.1M | -$110.5M | -$98.5M | -$78.8M |
| Free cash flow | $266.6M | $102.5M | $185.5M | $149.4M | -$3.5M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$134.9M | -$499.5M | -$223.5M | -$343.8M | -$54.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $871.3M
- Total assets
- $2.42B
- Total liabilities
- $297.4M
- Total debt
- $16.3M
- Net debt
- -$383.0M
- Shareholders’ equity
- $2.13B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 19, 2012 | $0.65 | Dec 28, 2012 |
Short interest
- Shares sold short
- 3,439,518
- Days to cover
- 8.87
- Change vs previous report
- +1.6%
FINRA short interest, settlement date Sep 15, 2026.