---
schema_version: "secwatch.filing_event.v1"
accession: "0001111928-23-000168"
form_type: "8-K"
ticker: "IPGP"
cik: "0001111928"
company_name: "IPG PHOTONICS CORP"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:08:56.009366+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics Q3 revenue $301M (-14% YoY); EPS $1.16; Q4 guidance weak

## Summary
- Revenue $301.4M, down 14% YoY; materials processing sales fell 15% on weak China demand.
- EPS $1.16, down 21% YoY; gross margin improved to 44.1% from 43.1%.
- Q4 guidance: revenue $270-$300M, EPS $0.80-$1.10; book-to-bill below one.
- Board reduced from 11 to 10 members after death of director Felix Stukalin.

## SEC filing metadata
- accession: 0001111928-23-000168
- form_type: 8-K
- ticker: IPGP
- cik: 0001111928
- company_name: IPG PHOTONICS CORP
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000168/0001111928-23-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000168/ipgp-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-23-000168
- JSON: https://secwatch.observer/filing/0001111928-23-000168.json
- Plain text: https://secwatch.observer/filing/0001111928-23-000168.txt

## Key facts
- Earnings Releases
  IPG PHOTONICS CORP reported the third quarter ended September 30, 2023 results: revenue $301.4, net income $55.0, EPS $1.16.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $301.4
  - Net income: $55.0
  - EPS: $1.16
  - Result: reported results
  source text: 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, (In millions, except per share data and percentages) 2023 2022 Change 2023 2022 Change Revenue $ 301.4 $ 349.0 (14) % $ 988.5 $ 1,096.0 (10) % Gross margin 44.1 % 43.1 % 43.2 % 45.1 % Operating income $ 55.7 $ 93.2 (40) % $ 203.2 $ 258.0 (21) % Operating margin 18.5 % 26.7 % 20.6 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000168/0001111928-23-000168-index.htm

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