earnings
confidence high
sentiment negative
materiality 0.80
IPG Photonics Q2 revenue $258M (-24% YoY), EPS $0.45; guides Q3 rev $210-240M, EPS $0.00-0.30
IPG PHOTONICS CORP
2024-Q2 EPS reported
$0.97
revenue$509,654,000
- Revenue $258M, down 24% YoY; EPS $0.45 vs $1.31, down 66%.
- Gross margin 37.3%, down 610 bps; operating income $12M, down 83%.
- Book-to-bill below 1; Q3 guidance: rev $210-240M, EPS $0.00-0.30, gross margin 34-37%.
- Regional declines: China -34%, Europe -27%, Japan -39%, N. America -2%.
- Materials processing down 28% YoY; other sales up 24% driven by medical and advanced applications.