---
schema_version: "secwatch.filing_event.v1"
accession: "0001111928-24-000009"
form_type: "8-K"
ticker: "IPGP"
cik: "0001111928"
company_name: "IPG PHOTONICS CORP"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:04:25.737903+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics Q4 revenue $299M (-10% YoY); EPS $0.89 vs loss $1.91

## Summary
- Revenue $298.9M, down 10% YoY; gross margin improved to 38.2% from 18.2%.
- Net income $41.4M vs net loss $92.9M in prior year; diluted EPS $0.89 (adjusted EPS $1.08 prior year).
- Materials processing sales down 12%; growth in welding, cleaning, 3D printing, medical offset by cutting decline.
- Sales in China down 25%, Europe up 1%, North America down 3%; high-power CW laser revenue down 19%.
- Generated $106M cash from operations; spent $64M on share repurchases in Q4.

## SEC filing metadata
- accession: 0001111928-24-000009
- form_type: 8-K
- ticker: IPGP
- cik: 0001111928
- company_name: IPG PHOTONICS CORP
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111928/000111192824000009/0001111928-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111928/000111192824000009/ipgp-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-24-000009
- JSON: https://secwatch.observer/filing/0001111928-24-000009.json
- Plain text: https://secwatch.observer/filing/0001111928-24-000009.txt

## Key facts
- Earnings Releases
  IPG PHOTONICS CORP reported the fourth quarter ended December 31, 2023 results: revenue $298.9, net income $41.4, EPS $0.89.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $298.9
  - Net income: $41.4
  - EPS: $0.89
  - Result: reported results
  source text: 31, 2023. Three Months Ended December 31, Twelve Months Ended December 31, (In millions, except per share data and percentages) 2023 2022 Change 2023 2022 Change Revenue $ 298.9 $ 333.5 (10) % $ 1,287.4 $ 1,429.5 (10) % Gross margin 38.2 % 18.2 % 42.1 % 38.9 % Operating income (loss) $ 28.8 $ (88.5) NM $ 232.0 $ 169.5 37 % Operating margin 9.6 % (26.5) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111928/000111192824000009/0001111928-24-000009-index.htm

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