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IPG Photonics (IPGP) gross margin by quarter

IPG Photonics' gross margin was 40.7% in Q3 2026 (third quarter 2026), +0.3 pts from Q2 2026. Over the last 6 quarters it ranged from 36.1% (Q4 2025) to 40.7% (Q3 2026).

IPG Photonics gross margin by quarterIPG Photonics gross margin by quarter39.4%Q1 202537.3%Q2 202539.5%Q3 202536.1%Q4 202540.4%Q2 202640.7%Q3 2026
QuarterGross marginQ/QY/Y
Q3 202640.7%+0.3 pts+1.2 pts
Q2 202640.4%+4.3 pts+3.1 pts
Q4 202536.1%-3.4 pts—
Q3 202539.5%+2.2 pts—
Q2 202537.3%-2.1 pts—
Q1 202539.4%——

Q3 2026 at a glance

IPG Photonics, Q3 2026: revenue $288M (+15% year over year), operating margin 7.2%, net earnings $20.3M, operating cash flow $46.2M. The chart follows the revenue to costs, profit and cash.

Questions

What is IPG Photonics' gross margin?

IPG Photonics' gross margin was 40.7% in Q3 2026 (third quarter 2026), +0.3 pts from Q2 2026.

How has IPG Photonics' gross margin changed?

Over the last 6 quarters it ranged from 36.1% (Q4 2025) to 40.7% (Q3 2026).

Q3 2026 results → · How IPG Photonics makes money →