---
schema_version: "secwatch.filing_event.v1"
accession: "0001111928-24-000133"
form_type: "8-K"
ticker: "IPGP"
cik: "0001111928"
company_name: "IPG PHOTONICS CORP"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T08:52:42.610998+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics reports Q3 loss of $5.33/share, guides Q4 EPS $0.05-$0.35, acquires cleanLASER

## Summary
- Q3 revenue $233.1M (-23% YoY); GAAP diluted EPS loss $5.33; adjusted EPS $0.29.
- Gross margin 23.2% (adjusted 36%) due to $30M inventory provision; includes $198M loss on Russia divestiture and $27M impairment.
- Q4 guidance: revenue $210-240M, gross margin 35-38%, EPS $0.05-$0.35.
- Acquired Clean-Lasersysteme GmbH (cleanLASER), ~$30M annual revenue, ~2,000 installed systems; close expected Q4 2024.
- Book-to-bill of 1; management says demand appears to be bottoming.

## SEC filing metadata
- accession: 0001111928-24-000133
- form_type: 8-K
- ticker: IPGP
- cik: 0001111928
- company_name: IPG PHOTONICS CORP
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111928/000111192824000133/0001111928-24-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111928/000111192824000133/ipgp-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-24-000133
- JSON: https://secwatch.observer/filing/0001111928-24-000133.json
- Plain text: https://secwatch.observer/filing/0001111928-24-000133.txt

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