Filing Flows › IPG Photonics (IPGP) › Q2 2026
IPG Photonics (IPGP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
IPG Photonics (IPGP) reported revenue of $279M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +5% from the quarter before. Operating margin was 1.6%, net earnings $5.2M (1.9% of revenue).
IPG Photonics, Q2 2026: revenue $279M (+11% year over year), operating margin 1.6%, net earnings $5.2M, operating cash flow $37.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $279M | +5% | +11% |
| Gross profit | $113M | +13% | +20% |
| Operating profit | $4.5M | — | 44× |
| Net earnings | $5.2M | +231% | -21% |
| Operating cash flow | $37.8M | — | — |
| Free cash flow | $17.1M | — | — |
What changed
Revenue was $278.6M in Q2 2026, up 11% year over year and up 5% from the previous quarter. Lasers and Components was the largest line at 79% of revenue. Lasers and Components added $23.6M year over year (up 12%), 85% of the total change.
Gross margin was 40.4%, up 3.1 points from Q2 2025. Operating profit was $4.5M, a 1.6% margin (up 1.6 points year over year). Of the extra revenue versus Q2 2025, 16% reached operating profit, above the 0% margin then. Operating expenses grew 16% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+437%). Net earnings were $5.2M, down 21% year over year. The effective tax rate was 58.2%. Non-operating items added $8.0M, 64% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.8M, 721% of net earnings. Non-cash charges added back $15.5M of depreciation and amortization and $10.3M of share-based compensation. Working capital and other items added $6.7M. Capital expenditures of $20.7M left free cash flow of $17.1M.
Questions
What was IPG Photonics' revenue in the second quarter 2026?
IPG Photonics (IPGP) reported revenue of $279M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +5% from the quarter before.
Was IPG Photonics profitable in the second quarter 2026?
Operating profit was $4.5M (1.6% of revenue) and net earnings $5.2M.
Source: IPG Photonics 10-Q on SEC EDGAR.