IPG Photonics reported second quarter revenue of $278.6 million, an 11% increase year-over-year but a slight miss on analyst estimates. The company reported GAAP EPS of $0.12, while adjusted EPS of $0.58 significantly exceeded expectations of $0.40, increasing 93% from the prior year.
Key Highlights
- Revenue growth was led by the Industrial Solutions segment, which increased 16% year-over-year to $237.0 million, supported by demand in battery manufacturing, welding, and other applications.
- Sales in the Advanced Solutions segment decreased 9% from the prior year to $41.5 million, primarily due to lower revenue in micromachining and defense.
- Adjusted gross margin expanded to 40.7% from 37.8% a year ago, benefiting from lower product costs and tariff refunds. For the third quarter, the company guides for revenue between $265 million and $295 million.