IPGP IPG PHOTONICS CORP
Price Chart
Executive Summary
IPG Photonics reported Q1 2026 revenue of $265.5M (+17% YoY), above the $256.9M consensus, but GAAP EPS of $0.04 missed the $0.31 consensus by 87% due to a $13.5M litigation settlement charge. Adjusted EPS of $0.29 was in line with the Street's $0.32 consensus. The company also announced a global settlement of all patent litigation with TRUMPF, removing a significant legal overhang. Q2 2026 guidance for revenue of $260M-$290M and adjusted EPS of $0.25-$0.55 brackets consensus of $0.32.
Key Financial Metrics
Actionable Insight
The revenue beat and Trumpf settlement are positive catalysts, but the GAAP EPS miss, negative operating cash flow, and tariff-driven margin compression are clear headwinds. Watch the Q2 earnings call for color on tariff mitigation and whether the book-to-bill momentum sustains. The wide Q2 adjusted EPS guidance range ($0.25-$0.55) signals high uncertainty — the midpoint of $0.40 is above consensus, but the low end is a miss.
Key Facts
- Q1 2026 revenue $265.5M (+17% YoY) vs $256.9M consensus — a beat
- GAAP EPS $0.04 (missed $0.31 consensus by 87%) due to $13.5M litigation settlement charge
- Adjusted EPS $0.29, roughly in line with the $0.32 Street consensus
- GAAP operating loss of $7.7M vs operating income of $1.8M a year ago
- Global settlement of all patent litigation with TRUMPF — removes legal overhang
- Q2 2026 guidance: revenue $260M-$290M, adjusted EPS $0.25-$0.55 (consensus $0.32)
- Book-to-bill 'firmly above one' for second consecutive quarter
- Industrial Solutions revenue grew 21% YoY; Advanced Solutions declined 5%
- Gross margin compressed to 37.5% from 39.4% due to tariffs and higher product costs
- Operating cash flow was negative $5.5M vs positive $13.4M a year ago
Financial Impact
Revenue beat of ~$8.6M (3.3%) vs consensus; GAAP EPS miss of $0.27 (87%); adjusted EPS roughly in line
Risk Factors
- Tariff and trade policy uncertainty continues to pressure gross margins
- GAAP profitability remains weak — operating loss of $7.7M in Q1
- Advanced Solutions segment declining 5% YoY, with defense and micromachining weakness
- Negative operating cash flow of $5.5M in Q1 vs positive $13.4M a year ago
- Litigation settlement of $13.5M was a significant one-time charge
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001111928-26-000094 |
| Document: ipgp-20260505.htm | 0001111928-26-000094 |
| Document: ipgpx52026trumpfsettlement.htm | 0001111928-26-000094 |
| Document: 0001111928-26-000094-index-headers.html | 0001111928-26-000094 |
| Document: 0001111928-26-000094-index.html | 0001111928-26-000094 |
| Document: 0001111928-26-000094.txt | 0001111928-26-000094 |
| 8-K Data (Synthetic) | 0001111928-26-000094 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 5, 2026
5w ago
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DEFA14A
| $90.61 $121.96 | ▲ +34.60% | ▲ +29.65% | $106.37 (+17.40%) |
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May 5, 2026
5w ago
|
8-K
| $90.61 $121.96 | ▲ +34.60% | ▲ +29.65% | $106.37 (+17.40%) |
|
Apr 21, 2026
7w ago
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Press Release
| $123.16 $106.35 | ▼ −13.65% | ▼ −18.56% | $106.37 (−13.63%) |
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Apr 1, 2026
9w ago
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DEFA14A
| $113.33 $118.92 | ▲ +4.94% | ▼ −4.94% | $106.37 (−6.14%) |
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Feb 25, 2026
14w ago
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8-K
| $138.05 $126.26 | ▼ −8.54% | ▼ −3.30% | $106.37 (−22.95%) |
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Feb 24, 2026
15w ago
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Insider Cluster
| $130.86 $125.04 | ▼ −4.45% | ▲ +0.54% | $106.37 (−18.71%) |
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Feb 24, 2026
15w ago
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Insider Cluster
| $130.86 $125.04 | ▲ +4.45% | ▼ −0.54% | $106.37 (+18.71%) |
US Market Status
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