IPG Photonics is trading 11.9% up at $97.55 in pre-market after reporting better-than-expected second quarter results.
- Adjusted EPS of $0.58 beat the $0.40 consensus and jumped 93% from a year ago, driven by strong Industrial Solutions demand and battery-related applications.
- Revenue grew 11% year-over-year to $278.6 million, with the stock further supported by a broader rally in semiconductor shares ahead of key sector earnings.