IPG Photonics Reports Record Earnings and Revenue in Q2
May 3, 2023
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According to the report, the company achieved GAAP earnings per share of $1.26 and revenue of $347.2M, exceeding analysts’ consensus estimates by $0.24 and $16.6M respectively. IPG ($NASDAQ:IPGP) Photonics is a leading provider of high-performance fiber lasers and amplifiers for use in a wide variety of applications. These impressive financial results demonstrate the strength of IPG Photonics’ industry-leading products and the value they provide to customers around the world. As the company continues to expand its presence in the industrial photonics market, investors can expect to see further growth in revenue and earnings in the coming quarters.
Market Price
On Tuesday, IPG PHOTONICS reported a record quarter in its earnings and revenue, with the stock opening at $122.4 and closing at $119.7. This marked a 1.5% increase from the previous closing price of 117.9. Overall, this strong performance indicates that IPG PHOTONICS is well positioned for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ipg Photonics. More…
| Total Revenues | Net Income | Net Margin |
| 1.43k | 109.91 | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ipg Photonics. More…
| Operations | Investing | Financing |
| 212.65 | 296.95 | -514.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ipg Photonics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.74k | 357.92 | 49.55 |
Key Ratios Snapshot
Some of the financial key ratios for Ipg Photonics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.8% | -7.3% | 16.2% |
| FCF Margin | ROE | ROA |
| 7.2% | 5.8% | 5.3% |
Analysis
At GoodWhale, we have performed an analysis on IPG PHOTONICS‘s fundamentals and have concluded that it carries a high risk of investment in both financial and business aspects. Our analysis has identified four risk warnings in IPG PHOTONICS’s income sheet, balance sheet, cashflow statement, and non-financial activities. If you would like to learn more about our findings and how they may affect your investment decision, we invite you to register with us and check it out. With your registration, you can get access to our proprietary data and analytics to gain an in-depth understanding of the risks associated with IPG PHOTONICS. We look forward to assisting you in making the best investment decision for your portfolio. More…
Peers
Its main competitors are SUMCO Corp, AXT Inc, and Entegris Inc.
– SUMCO Corp ($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
The company reported GAAP earnings per share (EPS) of $1.26, beating analysts’ estimates by $0.24. Revenue came in at $347.2 million, topping estimates by $16.6 million. This marks the fifth consecutive quarter in which IPG Photonics has reported year-over-year revenue growth. The company has seen positive sales growth in each of the last five quarters. The company is making significant investments in its technology and R&D capabilities to capitalize on new opportunities in the market.
IPG Photonics has delivered strong operating cash flow during the quarter, allowing it to invest in growth opportunities. The company has also successfully implemented cost-saving measures to help offset inflationary factors. This strong financial performance highlights the strengths of IPG Photonics, which has become a leader in laser manufacturing through its innovative technologies, strong customer base, and strong financial performance.
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