IPG Photonics (IPGP) Revenue & Revenue Breakdown
IPG Photonics Revenue Highlights
Latest Revenue (Y)
$1.29B
Latest Revenue (Q)
$257.64M
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 |
|---|---|---|
| 2024-06-30 | $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 $257.64M in revenue during Q2 2024, up 2.24% compared to the previous quarter, and up 74.21% 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 |
|---|---|---|---|---|---|
| Medium And Low Power CW Lasers | $71.67M | $77.08M | $80.50M | $50.80M | $56.63M |
| 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 |
| Pulsed Lasers | $185.58M | $250.68M | $240.98M | $158.45M | $137.68M |
| Quasi-Continuous Wave QCW Lasers | $48.65M | $50.21M | $60.67M | $50.33M | $56.44M |
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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medium Power CW Lasers | $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 | $11.89M | - | - | - | - | - |
| Pulsed Lasers | $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 | $12.48M |
| Quasi Continuous Wave QCW Lasers | $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 | $32.93M | - | - | - | - | - |
| High Power Continuous Wave CW Lasers | $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 | $184.92M |
| Amplifiers, Laser Systems, Service Parts, Accessories And Change In Deferred Revenue | $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 | $53.06M | - | - | - | - | - |
| Laser And Non Laser Systems | $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 | - | - | - | - | - | - |
| 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 | - | - | - | - | - | - | - | - | - | - |
| Low Power CW Lasers | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $33.85M |
IPG Photonics's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: High Power Continuous Wave CW Lasers (31.91%), Amplifiers, Laser Systems, Service Parts, Accessories And Change In Deferred Revenue (26.36%), Pulsed Lasers (16.51%), Laser And Non Laser Systems (15.01%), Medium Power CW Lasers (6.12%), and Quasi Continuous Wave QCW Lasers (4.09%).
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 |
| CHINA | $355.32M | $479.93M | $548.35M | $502.28M | $491.89M |
| 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 |
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 | 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 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other European Geographical Areas | $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 | $62.20M |
| Rest Of World | $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 | $6.71M |
| CHINA | $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 | $121.29M |
| GERMANY | $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 | $17.20M |
| JAPAN | $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 | $21.86M |
| North America | $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 | $71.00M |
| Other Asian Geographical Areas | $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 | $28.88M |
IPG Photonics's latest quarterly revenue breakdown by geography, as of Jun 24: North America (29.85%), CHINA (25.18%), Other European Geographical Areas (20.85%), Other Asian Geographical Areas (10.73%), GERMANY (8.08%), JAPAN (3.96%), and Rest Of World (1.35%).
IPG Photonics Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| AMAT | Applied Materials | $26.52B | $6.78B |
| LRCX | Lam Research | $14.91B | $3.79B |
| KLAC | KLA | $9.81B | $2.36B |
| ENTG | Entegris | $3.52B | $812.65M |
| TER | Teradyne | $2.68B | $729.88M |
| UCTT | Ultra Clean | $1.73B | $516.10M |
| IPGP | IPG Photonics | $1.29B | $257.64M |
| ONTO | Onto Innovation | $815.87M | $242.33M |
| ICHR | Ichor | $811.12M | $203.23M |
| VECO | Veeco Instruments | $666.43M | $175.88M |
| COHU | Cohu | $636.32M | $104.70M |
| NVMI | Nova | $517.92M | $141.80M |
| ASYS | Amtech Systems | $113.31M | $25.43M |
| AXTI | AXT | $75.80M | $27.92M |
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 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). The company'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). IPGP's quarterly revenue for Q4 2023 was $298.89M, a -0.83% decrease from the previous quarter (Q3 2023), and a -10.39% decrease year-over-year (Q4 2022).
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 Medium And Low Power CW Lasers, Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue, High Power Continuous Wave CW Lasers, Laser And Non-Laser Systems, Pulsed Lasers, and Quasi-Continuous Wave QCW Lasers. 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. 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. Pulsed Lasers generated $185.58M in revenue, accounting 14.41% of the company's total revenue, down -25.97% year-over-year. 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.
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.