---
schema_version: "secwatch.filing_event.v1"
accession: "0001111928-23-000084"
form_type: "8-K"
ticker: "IPGP"
cik: "0001111928"
company_name: "IPG PHOTONICS CORP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:38:17.266697+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics Q1 rev $347M, EPS $1.26; Q2 guidance $325-355M; new $200M buyback

## Summary
- Revenue $347.2M (-6% YoY), gross margin 42.3%, operating income $75.4M (-19%).
- EPS $1.26 diluted (-4% YoY); net income $60.1M.
- Welding sales strong with record e-mobility and LightWELD; cutting/marking soft.
- Q2 2023 guidance: revenue $325-355M, EPS $1.05-$1.35.
- Board authorized $200M stock buyback; completed prior $300M program.

## SEC filing metadata
- accession: 0001111928-23-000084
- form_type: 8-K
- ticker: IPGP
- cik: 0001111928
- company_name: IPG PHOTONICS CORP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000084/0001111928-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000084/ipgp-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-23-000084
- JSON: https://secwatch.observer/filing/0001111928-23-000084.json
- Plain text: https://secwatch.observer/filing/0001111928-23-000084.txt

## Key facts
- Earnings Releases
  IPG PHOTONICS CORP reported first quarter ended March 31, 2023 results: revenue $347.2, net income $60.1, EPS $1.26. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $347.2
  - Net income: $60.1
  - EPS: $1.26
  - Guidance: reaffirmed
  - Result: reported results
  source text: financial results for the first quarter ended March 31, 2023. Three Months Ended March 31, (In millions, except per share data and percentages) 2023 2022 Change Revenue $ 347.2 $ 370.0 (6) % Gross margin 42.3 % 46.4 % Operating income $ 75.4 $ 93.1 (19) % Operating margin 21.7 % 25.2 % Net income attributable to IPG Photonics Corporation $ 60.1 $ 69.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000084/0001111928-23-000084-index.htm

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