IPG Photonics Q3 GAAP EPS of $1.47 beats estimates by $0.32

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IPG ($NASDAQ:IPGP) Photonics is a company that manufactures and sells high-performance fiber lasers and amplifiers. They announced their Q3 GAAP EPS of $1.47, which beats estimates by $0.32. This is good news for the company, as it shows that their products are in high demand and that they are able to continue to grow and expand their business.

Earnings

Total revenue for the quarter came in at $1490.6 million, up 2.0% from the same quarter last year, while net income was down 4.1% to $267.0 million. Despite the pandemic, IPG Photonics has managed to grow its total revenue from $1200.7 million to $1490.6 million over the last three years. The company attributes its success to its strong product portfolio and customer base, as well as its focus on operational efficiency.

About the Company

Market Price

IPG Photonics Corporation is a leading provider of high-power fiber lasers and amplifiers used in a wide range of applications in manufacturing, communications and scientific research. However, the stock price was down by 0.2% from the prior closing price on Tuesday. The current media coverage on IPG Photonics is mostly negative, with some analysts citing concerns about the company’s exposure to the Chinese market. However, the company’s strong third quarter results show that it is still performing well despite these headwinds. Live Quote…

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on IPG PHOTONICS are made simple by VI app. According to VI Risk Rating, IPG PHOTONICS is a high risk investment in terms of financial and business aspects. VI App has detected 4 risk warnings in income sheet, balance sheet, cashflow statement, non financial. Register on vi.app to check it out. More…

VI Peers

Its main competitors are SUMCO Corp, AXT Inc, and Entegris Inc.

– SUMCO Corp ($TSE:3436)

SUMCO Corp is a Japanese manufacturer of silicon wafers for the semiconductor industry. The company has a market cap of 642.21B as of 2022 and a Return on Equity of 10.27%. SUMCO is the world’s second largest manufacturer of silicon wafers, behind only Shin-Etsu Chemical. The company has a strong presence in Asia, North America, and Europe.

– AXT Inc ($NASDAQ:AXTI)

AXT is a global manufacturer of compound semiconductor substrates. The company’s products are used in a variety of electronic and optoelectronic applications, including mobile devices, data centers, and communications infrastructure. AXT’s products are also used in a variety of other industries, including automotive, aerospace, and defense.

AXT’s market cap is $186.88M as of 2022. The company has a return on equity of 4.5%.

AXT is a global manufacturer of compound semiconductor substrates. The company’s products are used in a variety of electronic and optoelectronic applications, including mobile devices, data centers, and communications infrastructure. AXT’s products are also used in a variety of other industries, including automotive, aerospace, and defense.

– Entegris Inc ($NASDAQ:ENTG)

Found in 1980, Entegris is a company that specializes in providing materials and solutions for advanced manufacturing processes in the semiconductor and other high-tech industries. Headquartered in Billerica, Massachusetts, Entegris has over 4,000 employees in research, development, manufacturing, and customer service positions across the globe. The company’s products and services are used by customers in over 50 countries.

As of 2022, Entegris has a market capitalization of 11.31 billion dollars and a return on equity of 27.61%. The company’s products and services are essential to the manufacture of semiconductors and other high-tech products. Entegris is a well-established company with a long history of success.

Summary

Investors may be interested in IPG Photonics Corporation for a variety of reasons. The company is a leading global provider of fiber laser and direct diode laser solutions, which are used in a wide range of applications such as material processing, communications, and medical. IPG has a diversified customer base and a strong track record of financial performance.

In addition, the company’s share price has been volatile in recent years, providing investors with the potential for both capital appreciation and income. Despite its strong financial position, IPG Photonics’ share price has been volatile in recent years. Given its strong financial position and leading market position, IPG Photonics could be a interesting investment for investors with a long-term time horizon.