IPG Photonics (IPGP) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

IPG Photonics Revenue Highlights

Latest Revenue (Y)

$1.29B

Latest Revenue (Q)

$233.14M

Main Segment (Y)

High Power Continuous Wave CW Lasers

Main Geography (Y)

CHINA

IPG Photonics Revenue by Period

IPG Photonics Revenue by Year

Date	Revenue	Change
2023-12-31	$1.29B	-9.94%
2022-12-31	$1.43B	-2.14%
2021-12-31	$1.46B	21.66%
2020-12-31	$1.20B	-8.66%
2019-12-31	$1.31B	-9.95%
2018-12-31	$1.46B	3.62%
2017-12-31	$1.41B	40.02%
2016-12-31	$1.01B	11.64%
2015-12-31	$901.26M	17.07%
2014-12-31	$769.83M	18.80%
2013-12-31	$648.03M	15.20%
2012-12-31	$562.53M	18.56%
2011-12-31	$474.48M	58.55%
2010-12-31	$299.26M	60.98%
2009-12-31	$185.89M	-18.85%
2008-12-31	$229.08M	21.41%
2007-12-31	$188.68M	31.73%
2006-12-31	$143.22M	48.60%
2005-12-31	$96.39M	58.77%
2004-12-31	$60.71M	79.93%
2003-12-31	$33.74M	52.12%
2002-12-31	$22.18M	-16.27%
2001-12-31	$26.49M	-

IPG Photonics generated $1.29B in revenue during NA 2023, up -9.94% compared to the previous quarter, and up 88.19% compared to the same period a year ago.

IPG Photonics Revenue by Quarter

Date	Revenue	Change
2024-09-30	$233.14M	-9.51%
2024-06-30	$257.64M	2.24%
2024-03-31	$252.01M	-15.69%
2023-12-31	$298.89M	-0.83%
2023-09-30	$301.40M	-11.35%
2023-06-30	$339.97M	-2.07%
2023-03-31	$347.17M	4.09%
2022-12-31	$333.54M	-4.43%
2022-09-30	$349.01M	-7.43%
2022-06-30	$377.02M	1.90%
2022-03-31	$369.98M	1.51%
2021-12-31	$364.47M	-3.87%
2021-09-30	$379.15M	2.02%
2021-06-30	$371.66M	7.54%
2021-03-31	$345.58M	2.66%
2020-12-31	$336.63M	5.71%
2020-09-30	$318.44M	7.43%
2020-06-30	$296.41M	18.92%
2020-03-31	$249.24M	-18.71%
2019-12-31	$306.63M	-6.84%
2019-09-30	$329.14M	-9.52%
2019-06-30	$363.77M	15.46%
2019-03-31	$315.05M	-4.55%
2018-12-31	$330.05M	-7.38%
2018-09-30	$356.35M	-13.85%
2018-06-30	$413.61M	14.94%
2018-03-31	$359.86M	-0.33%
2017-12-31	$361.06M	-8.04%
2017-09-30	$392.62M	6.29%
2017-06-30	$369.37M	29.22%
2017-03-31	$285.85M	2.04%
2016-12-31	$280.12M	5.30%
2016-09-30	$266.02M	5.23%
2016-06-30	$252.79M	21.97%
2016-03-31	$207.25M	-7.32%
2015-12-31	$223.63M	-8.18%
2015-09-30	$243.54M	3.57%
2015-06-30	$235.14M	18.18%
2015-03-31	$198.96M	-4.07%
2014-12-31	$207.40M	3.88%
2014-09-30	$199.65M	3.87%
2014-06-30	$192.20M	12.68%
2014-03-31	$170.57M	2.84%
2013-12-31	$165.86M	-3.66%
2013-09-30	$172.15M	2.37%
2013-06-30	$168.17M	18.55%
2013-03-31	$141.85M	-2.19%
2012-12-31	$145.03M	-7.26%
2012-09-30	$156.38M	13.38%
2012-06-30	$137.93M	11.96%
2012-03-31	$123.19M	-0.27%
2011-12-31	$123.52M	-4.29%
2011-09-30	$129.06M	5.85%
2011-06-30	$121.94M	21.99%
2011-03-31	$99.96M	-1.02%
2010-12-31	$100.98M	26.53%
2010-09-30	$79.81M	18.66%
2010-06-30	$67.26M	31.35%
2010-03-31	$51.20M	-5.69%
2009-12-31	$54.29M	18.52%
2009-09-30	$45.81M	13.43%
2009-06-30	$40.38M	-11.06%
2009-03-31	$45.41M	-21.97%
2008-12-31	$58.19M	-6.16%
2008-09-30	$62.01M	10.75%
2008-06-30	$55.99M	5.90%
2008-03-31	$52.88M	-3.98%
2007-12-31	$55.07M	-

IPG Photonics generated $233.14M in revenue during Q3 2024, up -9.51% compared to the previous quarter, and up 68.58% compared to the same period a year ago.

IPG Photonics Revenue Breakdown

IPG Photonics Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Quasi-Continuous Wave QCW Lasers	$48.65M	$50.21M	$60.67M	$50.33M	$56.44M
Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue	$295.38M	$284.37M	$264.67M	$201.36M	$187.45M
High Power Continuous Wave CW Lasers	$524.98M	$613.73M	$687.41M	$646.06M	$734.75M
Laser And Non-Laser Systems	$161.18M	$153.47M	$126.64M	$93.73M	$141.65M
Medium And Low Power CW Lasers	$71.67M	$77.08M	$80.50M	$50.80M	$56.63M
Pulsed Lasers	$185.58M	$250.68M	$240.98M	$158.45M	$137.68M

IPG Photonics's latest annual revenue breakdown by segment (product or service), as of Dec 23: High Power Continuous Wave CW Lasers (40.78%), Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue (22.94%), Pulsed Lasers (14.41%), Laser And Non-Laser Systems (12.52%), Medium And Low Power CW Lasers (5.57%), and Quasi-Continuous Wave QCW Lasers (3.78%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Quasi Continuous Wave QCW Lasers	$10.18M	$10.55M	$15.79M	$10.86M	$13.84M	$11.28M	$11.35M	$14.08M	$12.78M	$16.31M	$15.53M	$13.67M	$15.08M	$13.71M	$9.87M	-	-	-	-	-
Amplifiers, Laser Systems, Service Parts, Accessories And Change In Deferred Revenue	$57.79M	$67.91M	$56.89M	$71.18M	$66.58M	$70.49M	$73.10M	$72.73M	$64.31M	$68.96M	$56.84M	$63.04M	$51.40M	$47.01M	$58.33M	-	-	-	-	-
Medium Power CW Lasers	$15.11M	$15.76M	$16.21M	$20.94M	$22.37M	$13.84M	$20.64M	$18.92M	$23.67M	$24.52M	$18.18M	$15.88M	$11.76M	$10.69M	$11.25M	-	-	-	-	-
Laser And Non Laser Systems	$35.27M	$38.67M	$37.50M	$37.49M	$38.19M	$41.38M	$35.93M	$38.44M	$34.60M	$32.52M	$29.60M	$27.12M	$20.84M	$24.94M	$18.63M	-	-	-	-	-
High Power Continuous Wave CW Lasers	$81.33M	$82.22M	$90.79M	$105.44M	$119.51M	$145.99M	$154.03M	$130.28M	$152.77M	$163.00M	$167.69M	$149.39M	$177.79M	$189.74M	$170.48M	$184.88M	$184.39M	$157.48M	$119.32M	$157.39M
Pulsed Lasers	$33.47M	$42.54M	$34.82M	$35.01M	$41.42M	$53.00M	$56.15M	$58.68M	$55.22M	$69.85M	$66.93M	$64.76M	$59.05M	$61.77M	$55.40M	$49.06M	$34.98M	$42.58M	$31.84M	$95.06M
Laser And Non-Laser Systems	-	-	-	-	-	-	-	$44.50M	$37.41M	$29.31M	-	-	-	-	-	-	-	-	-	-
Quasi-Continuous Wave QCW Lasers	-	-	-	-	-	-	-	$12.00M	$15.16M	$11.67M	$-48.50M	-	-	-	-	-	-	-	-	-
Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue	-	-	-	-	-	-	-	$74.23M	$75.82M	$44.61M	$53.41M	-	-	-	-	-	-	-	-	-

IPG Photonics's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: High Power Continuous Wave CW Lasers (34.88%), Amplifiers, Laser Systems, Service Parts, Accessories And Change In Deferred Revenue (24.79%), Laser And Non Laser Systems (15.13%), Pulsed Lasers (14.36%), Medium Power CW Lasers (6.48%), and Quasi Continuous Wave QCW Lasers (4.37%).

IPG Photonics Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
GERMANY	$88.03M	$85.49M	$101.74M	$65.65M	$81.36M
Rest Of World	$24.06M	$20.70M	$13.43M	$10.11M	$17.23M
Other European Geographical Areas	$291.34M	$294.48M	$289.14M	$219.54M	$249.87M
Other Asian Geographical Areas	$142.38M	$152.37M	$139.15M	$103.78M	$121.59M
North America	$313.99M	$338.71M	$314.98M	$246.19M	$280.89M
JAPAN	$72.33M	$57.87M	$54.08M	$53.18M	$71.76M
CHINA	$355.32M	$479.93M	$548.35M	$502.28M	$491.89M

IPG Photonics's latest annual revenue breakdown by geography, as of Dec 23: CHINA (27.60%), North America (24.39%), Other European Geographical Areas (22.63%), Other Asian Geographical Areas (11.06%), GERMANY (6.84%), JAPAN (5.62%), and Rest Of World (1.87%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
North America	$57.29M	$76.91M	$63.96M	$88.34M	$71.35M	$78.22M	$76.08M	$91.22M	$82.12M	$88.15M	$77.22M	$93.86M	$81.61M	$66.13M	$73.38M	$72.22M	$52.73M	$53.90M	$67.34M	$80.94M
CHINA	$61.77M	$64.88M	$62.73M	$71.06M	$84.41M	$98.57M	$101.29M	$94.85M	$117.95M	$137.38M	$129.75M	$112.23M	$137.21M	$159.07M	$139.83M	$140.41M	$148.05M	$145.22M	$68.60M	$92.64M
GERMANY	$25.79M	$20.81M	$20.02M	$15.81M	$23.42M	$28.96M	$19.83M	$14.66M	$20.62M	$22.79M	$27.42M	$26.90M	$26.83M	$21.75M	$26.26M	$14.44M	$16.16M	$17.63M	$17.41M	$21.88M
JAPAN	$14.49M	$10.21M	$16.70M	$18.14M	$15.83M	$16.75M	$21.62M	$19.02M	$11.22M	$14.74M	$12.89M	$18.59M	$14.29M	$10.32M	$10.88M	$11.94M	$12.88M	$14.67M	$13.69M	$16.88M
Other Asian Geographical Areas	$29.47M	$27.64M	$24.98M	$30.92M	$29.74M	$38.06M	$43.65M	$40.87M	$39.13M	$33.70M	$38.67M	$32.54M	$35.84M	$37.65M	$33.11M	$32.86M	$31.23M	$16.87M	$22.82M	$32.04M
Other European Geographical Areas	$41.48M	$53.72M	$59.50M	$66.11M	$71.95M	$72.86M	$80.42M	$66.74M	$72.33M	$75.41M	$80.00M	$76.43M	$79.78M	$74.34M	$58.59M	$60.85M	$54.91M	$46.55M	$57.23M	$57.34M
Rest Of World	$2.84M	$3.48M	$4.12M	$8.53M	$4.71M	$6.55M	$4.28M	$6.18M	$5.63M	$4.86M	$4.03M	$3.92M	$3.60M	$2.39M	$3.53M	$3.91M	$2.48M	$1.57M	$2.15M	$4.90M

IPG Photonics's latest quarterly revenue breakdown by geography, as of Sep 24: CHINA (26.49%), North America (24.57%), Other European Geographical Areas (17.79%), Other Asian Geographical Areas (12.64%), GERMANY (11.06%), JAPAN (6.22%), and Rest Of World (1.22%).

IPG Photonics Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AMAT	Applied Materials	$27.18B	$6.78B
LRCX	Lam Research	$14.91B	$4.17B
KLAC	KLA	$9.81B	$2.84B
ENTG	Entegris	$3.52B	$807.69M
TER	Teradyne	$2.68B	$737.30M
UCTT	Ultra Clean	$1.73B	$540.50M
IPGP	IPG Photonics	$1.29B	$233.14M
ONTO	Onto Innovation	$815.87M	$252.21M
ICHR	Ichor	$811.12M	$211.14M
VECO	Veeco Instruments	$666.43M	$184.81M
COHU	Cohu	$636.32M	$95.34M
NVMI	Nova	$517.92M	$141.80M
ASYS	Amtech Systems	$101.21M	$25.43M
AXTI	AXT	$75.80M	$23.64M

IPGP Revenue FAQ

What is IPG Photonics’s yearly revenue?

IPG Photonics's yearly revenue for 2023 was $1.29B, representing a decrease of -9.94% compared to 2022. The company's yearly revenue for 2022 was $1.43B, representing a decrease of -2.14% compared to 2021. IPGP's yearly revenue for 2021 was $1.46B, representing an increase of 21.66% compared to 2020.

What is IPG Photonics’s quarterly revenue?

IPG Photonics's quarterly revenue for Q3 2024 was $233.14M, a -9.51% decrease from the previous quarter (Q2 2024), and a -22.65% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $257.64M, a 2.24% increase from the previous quarter (Q1 2024), and a -24.22% decrease year-over-year (Q2 2023). IPGP's quarterly revenue for Q1 2024 was $252.01M, a -15.69% decrease from the previous quarter (Q4 2023), and a -27.41% decrease year-over-year (Q1 2023).

What is IPG Photonics’s revenue growth rate?

IPG Photonics's revenue growth rate for the last 3 years (2021-2023) was -11.87%, and for the last 5 years (2019-2023) was -2.06%.

What are IPG Photonics’s revenue streams?

IPG Photonics's revenue streams in c 23 are Quasi-Continuous Wave QCW Lasers, Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue, High Power Continuous Wave CW Lasers, Laser And Non-Laser Systems, Medium And Low Power CW Lasers, and Pulsed Lasers. Quasi-Continuous Wave QCW Lasers generated $48.65M in revenue, accounting 3.78% of the company's total revenue, down -3.11% year-over-year. Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue generated $295.38M in revenue, accounting 22.94% of the company's total revenue, up 3.87% year-over-year. High Power Continuous Wave CW Lasers generated $524.98M in revenue, accounting 40.78% of the company's total revenue, down -14.46% year-over-year. Laser And Non-Laser Systems generated $161.18M in revenue, accounting 12.52% of the company's total revenue, up 5.02% year-over-year. Medium And Low Power CW Lasers generated $71.67M in revenue, accounting 5.57% of the company's total revenue, down -7.01% year-over-year. Pulsed Lasers generated $185.58M in revenue, accounting 14.41% of the company's total revenue, down -25.97% year-over-year.

What is IPG Photonics’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of IPG Photonics was High Power Continuous Wave CW Lasers. This segment made a revenue of $524.98M, representing 40.78% of the company's total revenue.