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Synaptics vs IPG Photonics: SYNA and IPGP compared
Synaptics is the larger company: $294M of revenue in its latest quarter (Q1 FY27) against $288M for IPG Photonics (Q3 2026). IPG Photonics is growing faster (+15% against +0.5% a year earlier). IPG Photonics is more profitable, with an operating margin of 7.2% against -4.3%.
Where the money goes: SYNA and IPGP
Synaptics (SYNA) · Q1 FY27
Synaptics, Q1 FY27: revenue $294M (+0.5% year over year), operating margin -4.3%, net loss $17.7M, operating cash flow −$15.5M. The chart follows the revenue to costs, profit and cash.
IPG Photonics (IPGP) · Q3 2026
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.
| Synaptics (SYNA) | IPG Photonics (IPGP) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $294M | $288M |
| Revenue growth, Y/Y | +0.5% | +15% |
| Gross margin | — | 40.7% |
| Operating margin | -4.3% | 7.2% |
| Net earnings | −$17.7M | $20.3M |
| Net margin | -6.0% | 7.1% |
| Operating cash flow | −$15.5M | $46.2M |
| Free cash flow | — | $28.8M |
| Market value | — | $3.4B |
| P/E | — | 84.2× |
| Analysts’ mean target | — | $118.43 |
Where the revenue comes from
IPG Photonics
- Lasers and Components: $226M (79%)
- Systems: $61.5M (21%)
Questions
Which is bigger, Synaptics or IPG Photonics?
Synaptics is the larger company: $294M of revenue in its latest quarter (Q1 FY27) against $288M for IPG Photonics (Q3 2026).
Is Synaptics or IPG Photonics growing faster?
IPG Photonics is growing faster (+15% against +0.5% a year earlier).
Which is more profitable, Synaptics or IPG Photonics?
IPG Photonics is more profitable, with an operating margin of 7.2% against -4.3%.
More: Synaptics earnings · how Synaptics makes money · IPG Photonics earnings · how IPG Photonics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.