---
schema_version: "secwatch.filing_event.v1"
accession: "0001111928-23-000013"
form_type: "8-K"
ticker: "IPGP"
cik: "0001111928"
company_name: "IPG PHOTONICS CORP"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:07:18.405103+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics Q4 net loss $92.9M; Russia asset impairment & inventory charges of $153M

## Summary
- Q4 revenue $333.5M (-8% YoY); gross margin 18.2% vs 45.5% a year ago; operating loss $88.5M.
- Russia-related inventory and asset impairment charges reduced operating income by $153M; restructuring added $10M.
- Adjusted diluted EPS $1.08 vs reported loss per share of $1.91; full-year EPS $2.16, down 58%.
- Q1 2023 guidance: revenue $310-340M, EPS $0.90-$1.20; backlog $811M record, up 11% YoY.
- Welding and medical grew; cutting and China weak; cash from ops $42M, repurchased $117M in stock.

## SEC filing metadata
- accession: 0001111928-23-000013
- form_type: 8-K
- ticker: IPGP
- cik: 0001111928
- company_name: IPG PHOTONICS CORP
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/ipgp-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-23-000013
- JSON: https://secwatch.observer/filing/0001111928-23-000013.json
- Plain text: https://secwatch.observer/filing/0001111928-23-000013.txt

## Key facts
- Earnings Releases
  IPG PHOTONICS CORP reported Twelve months ended December 31, 2022 results: revenue $ 1,429.5, net income $ 109.9, EPS $ 2.16.
  - Period: Twelve months ended December 31, 2022
  - Revenue: $ 1,429.5
  - Net income: $ 109.9
  - EPS: $ 2.16
  - Result: reported results
  source text: Revenue $ 333.5 $ 364.5 (8) % $ 1,429.5 $ 1,460.9 (2) % Gross margin 18.2 % 45.5 % 38.9 % 47.7 % Operating (loss) income $ (88.5) $ 84.8 NM $ 169.5 $ 367.9 (54) % Operating margin (26.5) % 23.3 % 11.9 % 25.2 % Net (loss) income attributable to IPG Photonics Corporation $ (92.9) $ 65.1 NM $ 109.9 $ 278.4 (61) % Earnings (loss) per diluted share (1) $ (1.91) $ 1.21 NM $ 2.16 $ 5.16 (58) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm
- Earnings Releases
  IPG PHOTONICS CORP reported Three months ended December 31, 2022 results: revenue $ 333.5, net income $ (92.9), EPS $ (1.91).
  - Period: Three months ended December 31, 2022
  - Revenue: $ 333.5
  - Net income: $ (92.9)
  - EPS: $ (1.91)
  - Result: reported results
  source text: Revenue $ 333.5 $ 364.5 (8) % $ 1,429.5 $ 1,460.9 (2) % Gross margin 18.2 % 45.5 % 38.9 % 47.7 % Operating (loss) income $ (88.5) $ 84.8 NM $ 169.5 $ 367.9 (54) % Operating margin (26.5) % 23.3 % 11.9 % 25.2 % Net (loss) income attributable to IPG Photonics Corporation $ (92.9) $ 65.1 NM $ 109.9 $ 278.4 (61) % Earnings (loss) per diluted share (1) $ (1.91) $ 1.21 NM $ 2.16 $ 5.16 (58) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm
- Earnings Releases
  IPG PHOTONICS CORP reported First quarter of 2023 results: revenue $310 million to $340 million, EPS $0.90 to $1.20. Guidance initiated.
  - Period: First quarter of 2023
  - Revenue: $310 million to $340 million
  - EPS: $0.90 to $1.20
  - Guidance: initiated
  - Result: guidance update
  source text: For the first quarter of 2023, IPG expects revenue of $310 million to $340 million. The Company expects the first quarter tax rate to be approximately 26%. IPG anticipates delivering earnings per diluted share in the range of $0.90 to $1.20.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000013/0001111928-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.