IPG Photonics Q2 2026 revenue growth driven by battery manufacturing welding demand, management says
IPGP•Q2 revenue rises 11% year over year
IPG Photonics posted Q2 2026 revenue of $279 million, up 11% year over year, supported by sequential growth in revenue and bookings.
Industrial Solutions growth led by welding demand
Industrial Solutions revenue rose 16% year over year, driven mainly by welding demand tied to battery manufacturing; cleaning and additive manufacturing also contributed.
Margins improve and Lumibird Medical acquisition plan advances
Adjusted gross margin was 40.7%, helped by $4.7 million of tariff refunds; the company cited lower inventory provisions and product costs, partly offset by under-absorption.
Management flagged a binding offer to acquire Lumibird Medical, targeting higher-margin ophthalmology systems; closing is expected in Q4 2026.
Advanced Solutions declines on weaker micromachining and defense
Advanced Solutions revenue fell 9% year over year as semiconductor growth was offset by weaker micromachining and defense; revenue rose 10% sequentially on semiconductor strength.
