IPG Photonics Q3 revenue rises 15%, beats estimates
IPGP•IPG Photonics reported third-quarter revenue of $287.5 million, up 15% and above the $283.32 million analyst consensus; adjusted EPS of $0.61 also beat estimates of $0.46. The company expects fourth-quarter revenue of $265 million to $295 million and adjusted EPS of $0.30 to $0.60.
1. Quarterly results
IPG Photonics said third-quarter revenue rose 15% to $287.5 million, beating analyst expectations of $283.32 million. Adjusted EPS was $0.61, compared with the $0.46 consensus. Net income was $20.3 million, and gross margin was 40.70%.
2. Demand and outlook
The company said demand for differentiated welding and additive manufacturing solutions drove growth in Industrial Solutions, while higher sales in semiconductor and defense applications lifted Advanced Solutions. Margin gains reflected lower product costs and $5 million in net tariff refunds, partly offset by lower fixed cost absorption. IPG expects fourth-quarter revenue of $265 million to $295 million, adjusted gross margin of 37.0% to 40.0%, and adjusted EPS of $0.30 to $0.60.
