IPGP
IPG Photonics Corporation
NasdaqGSUSDEQUITY
Technology
DELAYED
Neutral
+11/100
Last price
83.69
▲ 0.09 (0.11%)
MARKET · —
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1D
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Open
—
Prev close
83.60
Day high
84.76
Day low
82.50
Volume
537.83K
Market cap
$3.56B
P/E (TTM)
128.75
52W range
69.41 – 155.82
Trailing performance
Returnvs SPY
1W
+6.58%
+4.6%
1M
+7.29%
+6.1%
3M
-18.18%
-22.7%
6M
-26.01%
-44.2%
YTD
+16.89%
+2.6%
1Y
-1.15%
-17.6%
3Y
-17.58%
-99.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on IPGP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-201.75K
Net selling
Buy transactions
9
22.20K shares
Sell transactions
11
223.95K shares
Net transactions
+20
Buys less sells
Sell : buy shares
10.1 : 1
Heavily one-sided
Insider-held shares
16.60M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 2, 26 | VALENTIN GAPONTSEV TRUST I Beneficial Owner of more than 10% of a Class of Security |
SELL | 27.40K | $2.07M | Direct |
| Aug 26, 26 | PEELER JOHN R Director |
BUY | 2.71K | $199.40K | Direct |
| Aug 5, 26 | IP FIBRE DEVICES LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 30.31K | $2.90M | Direct |
| Jul 31, 26 | IP FIBRE DEVICES LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 27.00K | $2.32M | Direct |
| Jul 31, 26 | SCHERBAKOV EUGENE A Director and Beneficial Owner of more than 10% of a Class of Security |
SELL | 1.52K | $131.99K | Direct |
| Jul 21, 26 | VALENTIN GAPONTSEV TRUST I Beneficial Owner of more than 10% of a Class of Security |
SELL | 56.32K | $5.76M | Direct |
| Jun 29, 26 | LOPRESTI ANGELO P General Counsel |
SELL | 1.00K | $110.33K | Direct |
| Jun 29, 26 | IP FIBRE DEVICES LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 65.70K | $6.81M | Direct |
| Jun 29, 26 | SCHERBAKOV EUGENE A Director and Beneficial Owner of more than 10% of a Class of Security |
SELL | 1.52K | $154.76K | Direct |
| Jun 22, 26 | AGNES TANG Director |
SELL | 1.51K | $178.08K | Direct |
| May 22, 26 | MAMMEN TIMOTHY P V Chief Financial Officer |
SELL | 9.97K | $1.20M | Direct |
| May 14, 26 | DESMOND JEANMARIE F. Director |
SELL | 1.69K | $178.43K | Direct |
| May 12, 26 | KENNEDY KOLLEEN T Director |
STOCK | 2.44K | $0 | Direct |
| May 12, 26 | DESMOND JEANMARIE F. Director |
STOCK | 2.44K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GITIN MARK MILTON |
Chief Executive Officer | 99.48K | Stock Award(Grant) |
IP FIBRE DEVICES LTD |
Beneficial Owner of more than 10% of a Class of Security | 6.41M | Sale |
LOPRESTI ANGELO P |
General Counsel | 59.84K | Sale |
MAMMEN TIMOTHY P V |
Chief Financial Officer | 76.44K | Sale |
MEURICE ERIC |
Director | 25.24K | Stock Award(Grant) |
NESS TREVOR |
Officer | 41.83K | Stock Award(Grant) |
PEELER JOHN R |
Director | 20.89K | Purchase |
SAMARTSEV IGOR |
Officer | — | Stock Award(Grant) |
SCHERBAKOV EUGENE A |
Director and Beneficial Owner of more than 10% of a Class of Security | 48.21K | Sale |
VALENTIN GAPONTSEV TRUST I |
Beneficial Owner of more than 10% of a Class of Security | 6.64M | Sale |
Fundamentals
Market cap$3.56B
Enterprise value$2.70B
Revenue (TTM)$1.07B
Gross profit$405.04M
EBITDA$104.39M
Net income$27.56M
EPS (TTM)$0.65
Free cash flow$45.32M
Total cash$871.32M
Total debt$16.25M
Book value / share$50.01
Shares outstanding42.53M
Float27.82M
Short % of float21.93%
Dividend yield0.00%
Beta (5Y)0.97
Valuation & profitability ratios
Trailing P/E128.75
Forward P/E36.27
PEG ratio1.83
Price / sales—
Price / book1.67
EV / revenue2.53
EV / EBITDA25.91
Gross margin37.88%
Operating margin5.90%
Profit margin2.58%
Return on equity1.30%
Return on assets0.97%
Debt / equity0.76
Current ratio6.18
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.00B | $977.13M | $1.29B | $1.43B | +2.7% |
| Operating revenue | $1.00B | $977.13M | $1.29B | $1.43B | +2.7% |
| Cost of revenue | $622.31M | $638.98M | $745.74M | $874.13M | -2.6% |
| Gross profit | $381.46M | $338.15M | $541.70M | $555.41M | +12.8% |
| Research & development | $117.40M | $109.78M | $98.70M | $116.11M | +6.9% |
| Selling, general & admin | $241.00M | $213.90M | $211.43M | $207.90M | +12.7% |
| Total operating expense | $358.40M | $323.68M | $310.13M | $324.01M | +10.7% |
| Operating income | $23.06M | $14.48M | $231.57M | $231.40M | +59.3% |
| Net interest income | $29.86M | $45.47M | $41.73M | $12.62M | -34.3% |
| Pre-tax income | $45.10M | -$161.89M | $274.88M | $183.35M | +127.9% |
| Tax provision | $14.00M | $19.64M | $56.00M | $72.59M | -28.7% |
| Net income | $31.10M | -$181.53M | $218.88M | $109.91M | +117.1% |
| Net income to common | $31.10M | -$181.53M | $218.88M | $109.91M | +117.1% |
| Basic EPS | 0.73 | -4.09 | 4.64 | 2.17 | +117.8% |
| Diluted EPS | 0.73 | -4.09 | 4.63 | 2.16 | +117.8% |
| EBIT | $23.06M | $14.48M | $231.57M | $231.40M | +59.3% |
| EBITDA | $89.91M | $75.92M | $301.19M | $321.97M | +18.4% |
| Basic shares | 42.34M | 44.34M | 47.15M | 50.76M | -4.5% |
| Diluted shares | 42.65M | 44.34M | 47.32M | 50.92M | -3.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $403.79M | $620.04M | $514.67M | $698.21M | — | -34.9% |
| Cash & short-term investments | $839.33M | $930.19M | $1.18B | $1.18B | — | -9.8% |
| Accounts receivable | $181.73M | $171.13M | $219.05M | $211.35M | — | +6.2% |
| Inventory | $313.42M | $284.78M | $453.87M | $509.36M | — | +10.1% |
| Total current assets | $1.42B | $1.43B | $1.91B | $1.99B | — | -0.5% |
| Property, plant & equipment | $637.52M | $588.38M | $602.26M | $580.56M | — | +8.4% |
| Goodwill & intangibles | $121.67M | $122.62M | $64.77M | $72.44M | — | -0.8% |
| Total assets | $2.42B | $2.29B | $2.70B | $2.74B | — | +5.9% |
| Total current liabilities | $234.04M | $205.02M | $214.86M | $274.65M | — | +14.2% |
| Current debt | — | — | — | $16.03M | $18.13M | — |
| Long-term debt | — | — | — | — | $16.03M | — |
| Total debt | $17.25M | $17.96M | $18.26M | $38.05M | — | -3.9% |
| Total liabilities | $296.15M | $264.79M | $283.51M | $357.92M | — | +11.8% |
| Retained earnings | $2.64B | $2.61B | $2.80B | $2.58B | — | +1.2% |
| Shareholder equity | $2.13B | $2.02B | $2.42B | $2.39B | — | +5.1% |
| Net tangible assets | $2.01B | $1.90B | $2.35B | $2.31B | — | +5.5% |
| Shares issued | 56.96M | 56.63M | 56.32M | 56.02M | — | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $31.10M | -$181.53M | $218.88M | $110.76M | +117.1% |
| Depreciation & amortisation | $66.85M | $61.44M | $69.62M | $90.56M | +8.8% |
| Stock-based compensation | $42.95M | $37.07M | $39.50M | $38.30M | +15.9% |
| Change in working capital | -$85.32M | $61.52M | -$54.56M | -$202.22M | -238.7% |
| Operating cash flow | $75.34M | $247.90M | $295.99M | $212.65M | -69.6% |
| Capital expenditure | -$78.80M | -$98.52M | -$110.48M | -$110.14M | +20.0% |
| Investing cash flow | -$265.23M | $208.73M | -$237.55M | $296.95M | -227.1% |
| Share buybacks | -$53.13M | -$343.82M | -$223.50M | -$499.51M | +84.5% |
| Financing cash flow | -$54.19M | -$339.62M | -$236.38M | -$514.55M | +84.0% |
| Free cash flow | -$3.45M | $149.37M | $185.50M | $102.51M | -102.3% |
| End cash position | $403.79M | $620.04M | $514.67M | $698.21M | -34.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $278.58M | $265.50M | $274.47M | $250.79M | $250.72M | +4.9% |
| Operating revenue | $278.58M | $265.50M | $376.38M | $219.43M | $250.72M | +4.9% |
| Cost of revenue | $166.06M | $166.00M | $175.40M | $151.79M | $157.15M | +0.0% |
| Gross profit | $112.52M | $99.50M | $99.07M | $99.00M | $93.57M | +13.1% |
| Research & development | $31.00M | $33.31M | $28.77M | $30.36M | $29.94M | -6.9% |
| Selling, general & admin | $60.36M | $60.63M | $64.47M | $58.86M | $60.43M | -0.4% |
| Total operating expense | $91.37M | $93.94M | $93.24M | $89.22M | $90.37M | -2.7% |
| Operating income | $21.16M | $5.56M | $5.83M | $9.78M | $3.20M | +280.2% |
| Net interest income | $7.11M | $6.92M | $7.13M | $7.28M | $8.00M | +2.7% |
| Pre-tax income | $12.54M | $1.02M | $10.56M | $15.65M | $8.27M | +1,130.7% |
| Tax provision | $7.30M | -$565.00K | -$2.71M | $8.19M | $1.67M | +1,391.9% |
| Net income | $5.24M | $1.58M | $13.27M | $7.46M | $6.61M | +230.9% |
| Net income to common | $5.24M | $1.58M | $13.27M | $7.46M | $6.61M | +230.9% |
| Basic EPS | 0.12 | 0.04 | 0.32 | 0.18 | 0.16 | +200.0% |
| Diluted EPS | 0.12 | 0.04 | 0.31 | 0.18 | 0.16 | +200.0% |
| EBIT | $21.16M | $5.56M | $5.83M | $9.78M | $3.20M | +280.2% |
| EBITDA | $36.68M | $21.46M | $25.89M | $25.42M | $19.03M | +71.0% |
| Basic shares | 42.47M | 42.24M | 42.10M | 42.20M | 42.48M | +0.5% |
| Diluted shares | 42.91M | 42.91M | 42.62M | 42.56M | 42.58M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $399.23M | $480.76M | $403.79M | $346.03M | $359.18M | -17.0% |
| Cash & short-term investments | $871.32M | $812.90M | $839.33M | $870.38M | $899.60M | +7.2% |
| Accounts receivable | $181.96M | $192.44M | $181.73M | $166.38M | $201.04M | -5.4% |
| Inventory | $330.80M | $319.01M | $313.42M | $323.93M | $303.84M | +3.7% |
| Total current assets | $1.48B | $1.43B | $1.42B | $1.43B | $1.47B | +3.2% |
| Property, plant & equipment | $641.92M | $636.24M | $637.52M | $622.12M | $621.35M | +0.9% |
| Goodwill & intangibles | $115.37M | $118.08M | $121.67M | $123.88M | $126.42M | -2.3% |
| Total assets | $2.42B | $2.42B | $2.42B | $2.38B | $2.38B | +0.1% |
| Total current liabilities | $239.32M | $247.18M | $234.04M | $213.38M | $216.95M | -3.2% |
| Total debt | $16.25M | $16.31M | $17.25M | $17.36M | $16.86M | -0.4% |
| Total liabilities | $297.39M | $305.85M | $296.15M | $276.15M | $274.90M | -2.8% |
| Retained earnings | $2.65B | $2.65B | $2.64B | $2.63B | $2.62B | +0.2% |
| Shareholder equity | $2.13B | $2.12B | $2.13B | $2.10B | $2.10B | +0.5% |
| Working capital | $1.24B | $1.19B | $1.19B | $1.22B | $1.26B | +4.5% |
| Net tangible assets | $2.01B | $2.00B | $2.01B | $1.98B | $1.98B | +0.7% |
| Shares issued | 42.53M | 57.28M | 56.96M | 56.91M | 56.91M | -25.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $5.24M | $1.58M | $13.27M | $7.46M | $6.61M | +230.9% |
| Depreciation & amortisation | $15.52M | $15.89M | $20.05M | $15.63M | $15.83M | -2.3% |
| Stock-based compensation | $10.28M | $10.25M | $10.15M | $10.74M | $11.29M | +0.3% |
| Change in working capital | -$23.70M | -$43.71M | -$14.34M | -$1.43M | -$37.22M | +45.8% |
| Operating cash flow | $37.79M | -$5.46M | $28.81M | $35.31M | -$2.22M | +791.8% |
| Capital expenditure | -$20.71M | -$16.31M | -$17.89M | -$20.73M | -$15.36M | -27.0% |
| Investing cash flow | -$118.59M | $95.25M | $27.67M | -$31.39M | $12.87M | -224.5% |
| Share buybacks | — | — | -$6.53M | -$16.40M | — | — |
| Financing cash flow | $957.00K | -$11.71M | -$3.27M | -$16.46M | -$28.79M | +108.2% |
| Free cash flow | $17.08M | -$21.77M | $10.92M | $14.57M | -$17.57M | +178.4% |
| End cash position | $399.78M | $480.76M | $403.79M | $346.03M | $359.18M | -16.8% |
Options analytics
Put / call volume
1.05
Put-heavy session
Put / call open interest
0.18
Positioning, not flow
Max pain
105.00
+25.5% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
80
Contracts, this expiry
Put volume
84
Contracts, this expiry
Heaviest call OI
125.00
42 contracts
Heaviest put OI
110.00
10 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.39 | 0.58 | +49.3% |
| Mar 2026 | 0.31 | 0.29 | -6.9% |
| Dec 2025 | 0.25 | 0.46 | +85.2% |
| Sep 2025 | 0.20 | 0.35 | +78.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.49 | 7 | $283.32M | +13.0% |
| Next quarter | 0.50 | 7 | $290.52M | +5.9% |
| Current year | 1.86 | 7 | $1.12B | +11.8% |
| Next year | 2.31 | 7 | $1.22B | +9.1% |
Analyst targets & ownership
Mean target$124.14
High target$152.00
Low target$78.00
Implied upside48.34%
Analyst count7
ConsensusBUY
Strong buy / Buy2 / 4
Hold2
Sell / Strong sell0 / 1
Held by insiders39.03%
Held by institutions75.04%
Institutions holding494
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
80.18
+4.38% from price
SMA 20
78.80
+6.21% from price
SMA 50
80.28
+4.25% from price
SMA 100
94.95
-11.86% from price
SMA 200
101.36
-17.43% from price
EMA 12
80.64
+3.79% from price
EMA 26
79.99
+4.62% from price
EMA 50
83.21
+0.58% from price
RSI (14)
60.0
Neutral
MACD (12,26,9)
0.64
Hist 1.13
ATR (14)
2.75
3.28% of price
Realised vol 30D
35.5%
Annualised
Bollinger upper
84.38
20, 2σ
Bollinger lower
73.22
20, 2σ
50 / 200 cross
Death
80.28 vs 101.36
Trend bias
Below 200
-17.43%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.03
More volatile than market
Correlation to SPY
0.37
Loosely linked
Realised vol 30D
35.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-54.0%
Peak to trough
Max drawdown 5Y
-72.0%
Peak to trough
ATR 14
2.75
3.28% of price
Beta (reported)
0.97
5Y monthly, from filing
Short interest
Shares short
3.44M
Prior 3.50M
Change vs prior
-1.8%
Shorts covering
% of float
21.93%
Heavily shorted
% of shares out
8.09%
Against total outstanding
Days to cover
6.0
Crowded exit
Float
27.82M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 11, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Jul 17, 26 | Needham | MAINTAINED | Buy | Buy |
| May 6, 26 | Citigroup | MAINTAINED | Buy | Buy |
| May 6, 26 | Stifel | MAINTAINED | Buy | Buy |
| May 6, 26 | Needham | UPGRADE | Hold | Buy |
| Feb 13, 26 | Stifel | MAINTAINED | Buy | Buy |
| Feb 13, 26 | Raymond James | DOWNGRADE | Strong Buy | Outperform |
| Feb 3, 26 | Roth Capital | MAINTAINED | Buy | Buy |
| Nov 5, 25 | Citigroup | UPGRADE | Sell | Buy |
| Aug 7, 25 | Bernstein | UPGRADE | Market Perform | Outperform |
| May 7, 25 | Raymond James | MAINTAINED | Strong Buy | Strong Buy |
| Mar 18, 25 | CL King | UPGRADE | Neutral | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend dateDec 19, 2012
Next pay dateDec 28, 2012
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-08
Periodic Financial Reports
10-Q · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-07-17
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-27
Corporate Changes & Voting Matters
8-K · 2026-05-15
Proxy Statements
DEFA14A · 2026-05-05
Proxy Statements
DEF 14A · 2026-04-01
Corporate Changes & Voting Matters
8-K · 2026-03-16
Headlines
IPG Photonics Insider Sold Shares Worth $259,994, According to a Recent SEC Filing
MT Newswires · 12h ago
IPG Defense to Display CROSSBOW™ High-Energy Laser Systems at Land Forces 2026 in Perth
GlobeNewswire · 1d ago
Your Coherent Stock Thesis Has One Loose End
Trefis · 5d ago
What Needs To Be True To Buy Coherent Stock Now?
Trefis · 5d ago
What Does Amphenol Offer That Coherent Does Not?
Trefis · 7d ago
1 Cash-Producing Stock on Our Buy List and 2 We Ignore
StockStory · 12d ago
BofA Securities Adjusts IPG Photonics Price Target to $78 From $92.50
MT Newswires · 13d ago
TTM Technologies (TTMI) Stock Trades Up, Here Is Why
StockStory · 15d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.