Wednesday, July 22, 2026
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The Chain Gazette · ResearchHardwareNASDAQ NMS - GLOBAL MARKETFull writeup
$102.79+4.99%as of 4:12 AM ET

IPGPIPG Photonics Corporation

Fiber-laser specialist; minor role in quantum laser supply chains as fiber pump laser components for Coherent's DPSS laser platforms; not a primary quantum control laser vendor.

Coiled

0

52w range compression, breakout-adjusted

Watched

36

7-day news volume + tape quietness

Sound

25

Margins, growth, FCF composite

Critical

Supply-chain concentration × demand

Pressure

17

Pricing Power

37.6%

Flat

Numbers on the wire.

Market cap

$4.4B

P/E (TTM)

147.10

P/S (TTM)

4.08

EV / EBITDA

70.89

Gross margin

37.56%

Op margin

0.34%

Net margin

2.78%

FCF margin

Rev growth YoY

9.29%

EPS growth YoY

-30.36%

ROE

1.37%

ROA

1.20%

Debt / Equity

0.00

Current ratio

5.80

Price / Book

2.30

Beta

0.98

IPG dominates industrial fiber lasers. Quantum role is minimal: fiber lasers are not suitable as primary ion-trap control lasers (bespoke UV/VIS diode-pumped solid-state lines required). Quantum is <0.1% of IPGP revenue. Included for supply-chain completeness as upstream fiber pump component supplier to COHR.

From the EDGAR wire.

From the tape.