Filing Flows › IPG Photonics (IPGP) › Q3 2026 › vs Q2 2026
IPG Photonics (IPGP) Q3 2026 vs Q2 2026 (quarter over quarter)
IPG Photonics's revenue rose $8.9M (+3%) from $279M in Q2 2026 to $288M in Q3 2026. The biggest changes: Lasers and Components +$6.2M (+3%); Systems +$2.7M (+5%). Gross margin 40.7% against 40.4% (+0.3 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 40.7% | 40.4% | +0.3 pts |
| Operating margin | 7.2% | 1.6% | +5.6 pts |
| Net margin | 7.1% | 1.9% | +5.2 pts |
| Free cash flow margin | 10.0% | 6.1% | +3.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Lasers and Components | $226M | $220M | $6.2M | +3% |
| Systems | $61.5M | $58.8M | $2.7M | +5% |
| Revenue | $288M | $279M | $8.9M | +3% |
| Gross profit | $117M | $113M | $4.5M | +4% |
| Cost of revenue | $170M | $166M | $4.4M | +3% |
| Other income, net | $7.6M | $8.0M | −$372K | -5% |
| Operating profit | $20.8M | $4.5M | $16.2M | +359% |
| Operating expenses | $96.3M | $108M | −$11.7M | -11% |
| Pre-tax earnings | $28.4M | $12.5M | $15.9M | +127% |
| Research & development | $31.3M | $31.0M | $331K | +1% |
| Sales & marketing | $23.9M | $23.8M | $116K | +0.5% |
| General & admin | $37.5M | $36.5M | $957K | +3% |
| Other operating costs | $3.5M | $16.6M | −$13.1M | -79% |
| Net earnings | $20.3M | $5.2M | $15.0M | +287% |
| Income tax | $8.1M | $7.3M | $843K | +12% |
| Depreciation & amortization | $16.0M | $15.5M | $439K | +3% |
| Share-based compensation | $11.0M | $10.3M | $739K | +7% |
| Working capital & other | $1.1M | −$6.7M | $7.8M | — |
| Operating cash flow | $46.2M | $37.8M | $8.4M | +22% |
| Free cash flow (OCF − capex) | $28.8M | $17.1M | $11.7M | +69% |
| Capital expenditures | $17.4M | $20.7M | −$3.3M | -16% |
Questions
How much did IPG Photonics's revenue grow quarter over quarter in Q3 2026?
IPG Photonics's revenue rose $8.9M (+3%) from $279M in Q2 2026 to $288M in Q3 2026.
What drove IPG Photonics's revenue change in Q3 2026?
Lasers and Components +$6.2M (+3%); Systems +$2.7M (+5%).