IPG Photonics reported its third‑quarter 2025 financial results, posting revenue of $250.8 million, a 7.6% year‑over‑year increase and the first revenue growth since 2022. Net profit reached $7.5 million, translating to earnings of $0.18 per share, while adjusted earnings per share were $0.35, well above the consensus estimate of $0.16.
The company attributed the revenue rise to stronger demand in battery production and materials processing. Revenue from materials processing grew 8% to $220 million, and emerging growth products increased 12% to $30 million. Geographic sales were up 15% in Asia, 8% in North America, and down 7% in Europe.
Compared with the same quarter last year, revenue climbed from $233.1 million to $250.8 million and net profit swung from a $233.6 million loss to $7.5 million profit. Adjusted EPS improved from a loss of $5.33 to $0.35. In Q2 2025, revenue was $250.7 million and adjusted EPS was $0.30, indicating a steady upward trend.
Management highlighted improved demand in data centers and industrial applications, along with cost controls that lifted gross margin to 23% from 21% in the prior quarter. The company also noted foreign‑exchange headwinds and trade‑policy uncertainty that could temper growth.
For Q4 2025, the company guided revenue at a midpoint of $245 million, 1.1% above consensus estimates. Adjusted EPS guidance for the quarter ranges from $0.05 to $0.35, with a midpoint of $0.20, below the consensus estimate of $0.32. The company emphasized continued investment in high‑growth applications and product innovation.
IPG Photonics maintains a strong balance sheet with $1.2 billion in cash and no debt, supporting its strategic initiatives. The company’s valuation metrics remain near two‑year highs, reflecting market expectations for continued growth.
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