Filing Flows › IPG Photonics (IPGP) › Q3 2026
IPG Photonics (IPGP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
IPG Photonics (IPGP) reported revenue of $288M for the third quarter 2026 (Q3 2026), +15% from a year earlier and +3% from the quarter before. Operating margin was 7.2%, net earnings $20.3M (7.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $288M | +3% | +15% |
| Gross profit | $117M | +4% | +18% |
| Operating profit | $20.8M | +359% | +165% |
| Net earnings | $20.3M | +287% | +172% |
| Operating cash flow | $46.2M | +22% | +31% |
| Free cash flow | $28.8M | +69% | +98% |
What changed
Revenue was $287.5M in Q3 2026, up 15% year over year and up 3% from the previous quarter. Lasers and Components was the largest line at 79% of revenue. Lasers and Components added $23.9M year over year (up 12%), 65% of the total change.
Gross margin was 40.7%, up 1.2 points from Q3 2025. Operating profit was $20.8M, a 7.2% margin (up 4.1 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 3% margin then. Operating expenses grew 6% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+82%). Net earnings were $20.3M, up 172% year over year. The effective tax rate was 28.7%. Non-operating items added $7.6M, 27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $46.2M (up 31% year over year), 228% of net earnings. Non-cash charges added back $16.0M of depreciation and amortization and $11.0M of share-based compensation. Capital expenditures of $17.4M left free cash flow of $28.8M.
Questions
What was IPG Photonics' revenue in the third quarter 2026?
IPG Photonics (IPGP) reported revenue of $288M for the third quarter 2026 (Q3 2026), +15% from a year earlier and +3% from the quarter before.
Was IPG Photonics profitable in the third quarter 2026?
Operating profit was $20.8M (7.2% of revenue) and net earnings $20.3M.
Source: IPG Photonics 10-Q on SEC EDGAR.