The company forecast Q3 revenue of $265 million-$295 million and non-GAAP adjusted EPS of $0.30-$0.60.
Q2 results
IPG Photonics posted Q2 2026 revenue of $278.6 million, up 11% year over year and up 5% sequentially.
GAAP net income fell 21% year over year to $5.2 million; GAAP diluted EPS slipped 25% to $0.12.
GAAP gross margin widened 3.1 percentage points to 40.4% year over year, due to lower product costs, lower inventory provisions, and $4.7 million of tariff refunds.
Non-GAAP adjusted EBITDA climbed 54% year over year to $48.5 million; non-GAAP adjusted EPS rose 93% to $0.58.
IPGP•
