IPG PHOTONICS CORP · Semiconductors

IPGP

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The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 11% in the latest quarter vs a year ago
Profitable
Buying back shares: share count down 16% in 3 years

Money moves

Insiders sold $1.6M in the last 30 days, all through pre-planned sales
Institutions added 16% to their holdings in the quarter ending June 2026 (212 bought, 139 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$72.82+2.5% that day

Company value: $3.1B; Share price times all shares
Price vs profit (P/E): 112.0x; You pay about $112 for each $1 of yearly profit
Price vs sales: 2.9x; Company value is 2.9 times a year of sales
Cash vs value: 13%; Cash as a share of company value

From IPGP's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$278.6M+11% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.1B, up 13% from the 12 months before. Over 5 years, sales shrank about 3.5% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of IPGP. Starting points are the company's recent numbers.

Sales growth+13% a yearRecently: +13% a yearProfit margin3%Last 12 months: 2.6%P/E at the end40xToday: 112.0x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$2.0B

Profit in 5 years$59M

Price these guesses point to$71.83-1.4% vs $72.82 todayAbout -0.3% a year, before dividends

What today's price needs: with a 3% margin and a 40x P/E, sales would have to grow about 13% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/7Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.1.5%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.1%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-16.2% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.38.0%

Revenue: $1.0B; +2.7% vs prior year
5-year growth: -3.5%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 6.08x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $278.6M; +11.1% YoY
EPS: $0.12; vs $0.16
Op. margin: 1.6%; +1.6 pts
Gross margin: 40.4%; +3.1 pts
Free cash flow: $17.1M
Share count: +0.8%; vs a year ago

Insider rating

Last 90 days

45Mixed

Pre-planned sales of $1.6M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.3
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+16.3%

Institutions added 16.3% to their holdings. 212 bought, 139 sold.

Shares held by institutions33.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-3.5%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

No debt reported

Shares outstandingLatest reported

43M

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 5
Results filedFeb 12
Results filedNov 4, 2025
Results filedAug 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 6 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$1.6M2 insiders, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
IP FIBRE DEVICES LTD10% owner	Sell	15K	$85.64	$1.3M	6M	Oct 2Filing ↗
-0.2% of their holdings $85.39 to $86.09 across 2 trades Pre-planned sale (10b5-1) Filed 4 days after
Eugene A ScherbakovDirector	Sell	3K	$85.30	$260K	45K	Oct 2Filing ↗
-6.3% of their holdings Pre-planned sale (10b5-1) Also 10% owner Filed 4 days after