IPG Photonics (IPGP) Revenue & Revenue Breakdown

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IPG Photonics Revenue Highlights

Latest Revenue (Y)

$977.13M

Latest Revenue (Q)

$234.34M

Main Segment (Y)

High Power Continuous Wave CW Lasers

Main Geography (Y)

North America

IPG Photonics Revenue by Period

IPG Photonics Revenue by Year

Date	Revenue	Change
2024-12-31	$977.13M	-24.10%
2023-12-31	$1.29B	-9.94%
2022-12-31	$1.43B	-2.14%
2021-12-31	$1.46B	21.66%
2020-12-31	$1.20B	-8.66%
2019-12-31	$1.31B	-9.95%
2018-12-31	$1.46B	3.62%
2017-12-31	$1.41B	40.02%
2016-12-31	$1.01B	11.64%
2015-12-31	$901.26M	17.07%
2014-12-31	$769.83M	18.80%
2013-12-31	$648.03M	15.20%
2012-12-31	$562.53M	18.56%
2011-12-31	$474.48M	58.55%
2010-12-31	$299.26M	60.98%
2009-12-31	$185.89M	-18.85%
2008-12-31	$229.08M	21.41%
2007-12-31	$188.68M	31.73%
2006-12-31	$143.22M	48.60%
2005-12-31	$96.39M	58.77%
2004-12-31	$60.71M	79.93%
2003-12-31	$33.74M	52.12%
2002-12-31	$22.18M	-16.27%
2001-12-31	$26.49M	-

IPG Photonics generated $977.13M in revenue during NA 2024, up -24.10% compared to the previous quarter, and up 74.33% compared to the same period a year ago.

IPG Photonics Revenue by Quarter

Date	Revenue	Change
2024-12-31	$234.34M	0.51%
2024-09-30	$233.14M	-9.51%
2024-06-30	$257.64M	2.24%
2024-03-31	$252.01M	-15.69%
2023-12-31	$298.89M	-0.83%
2023-09-30	$301.40M	-11.35%
2023-06-30	$339.97M	-2.07%
2023-03-31	$347.17M	4.09%
2022-12-31	$333.54M	-4.43%
2022-09-30	$349.01M	-7.43%
2022-06-30	$377.02M	1.90%
2022-03-31	$369.98M	1.51%
2021-12-31	$364.47M	-3.87%
2021-09-30	$379.15M	2.02%
2021-06-30	$371.66M	7.54%
2021-03-31	$345.58M	2.66%
2020-12-31	$336.63M	5.71%
2020-09-30	$318.44M	7.43%
2020-06-30	$296.41M	18.92%
2020-03-31	$249.24M	-18.71%
2019-12-31	$306.63M	-6.84%
2019-09-30	$329.14M	-9.52%
2019-06-30	$363.77M	15.46%
2019-03-31	$315.05M	-4.55%
2018-12-31	$330.05M	-7.38%
2018-09-30	$356.35M	-13.85%
2018-06-30	$413.61M	14.94%
2018-03-31	$359.86M	-0.33%
2017-12-31	$361.06M	-8.04%
2017-09-30	$392.62M	6.29%
2017-06-30	$369.37M	29.22%
2017-03-31	$285.85M	2.04%
2016-12-31	$280.12M	5.30%
2016-09-30	$266.02M	5.23%
2016-06-30	$252.79M	21.97%
2016-03-31	$207.25M	-7.32%
2015-12-31	$223.63M	-8.18%
2015-09-30	$243.54M	3.57%
2015-06-30	$235.14M	18.18%
2015-03-31	$198.96M	-4.07%
2014-12-31	$207.40M	3.88%
2014-09-30	$199.65M	3.87%
2014-06-30	$192.20M	12.68%
2014-03-31	$170.57M	2.84%
2013-12-31	$165.86M	-3.66%
2013-09-30	$172.15M	2.37%
2013-06-30	$168.17M	18.55%
2013-03-31	$141.85M	-2.19%
2012-12-31	$145.03M	-7.26%
2012-09-30	$156.38M	13.38%
2012-06-30	$137.93M	11.96%
2012-03-31	$123.19M	-0.27%
2011-12-31	$123.52M	-4.29%
2011-09-30	$129.06M	5.85%
2011-06-30	$121.94M	21.99%
2011-03-31	$99.96M	-1.02%
2010-12-31	$100.98M	26.53%
2010-09-30	$79.81M	18.66%
2010-06-30	$67.26M	31.35%
2010-03-31	$51.20M	-5.69%
2009-12-31	$54.29M	18.52%
2009-09-30	$45.81M	13.43%
2009-06-30	$40.38M	-11.06%
2009-03-31	$45.41M	-21.97%
2008-12-31	$58.19M	-6.16%
2008-09-30	$62.01M	10.75%
2008-06-30	$55.99M	5.90%
2008-03-31	$52.88M	-3.98%
2007-12-31	$55.07M	-

IPG Photonics generated $234.34M in revenue during Q4 2024, up 0.51% compared to the previous quarter, and up 77.75% compared to the same period a year ago.

IPG Photonics Revenue Breakdown

IPG Photonics Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Pulsed Lasers	$146.76M	$185.58M	$250.68M	$240.98M	$158.45M
Quasi-Continuous Wave QCW Lasers	$48.02M	$48.65M	$50.21M	$60.67M	$50.33M
Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue	$246.79M	$295.38M	$284.37M	$264.67M	$201.36M
High Power Continuous Wave CW Lasers	$332.74M	$524.98M	$613.73M	$687.41M	$646.06M
Laser And Non-Laser Systems	$139.15M	$161.18M	$153.47M	$126.64M	$93.73M
Medium And Low Power CW Lasers	$63.69M	$71.67M	$77.08M	$80.50M	$50.80M

IPG Photonics's latest annual revenue breakdown by segment (product or service), as of Dec 24: High Power Continuous Wave CW Lasers (34.05%), Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue (25.26%), Pulsed Lasers (15.02%), Laser And Non-Laser Systems (14.24%), Medium And Low Power CW Lasers (6.52%), and Quasi-Continuous Wave QCW Lasers (4.91%).

Quarterly Revenue by Product

Product/Service	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Amplifiers, Laser Systems, Service Parts, Accessories And Change In Deferred Revenue	$53.37M	$57.79M	$67.91M	$56.89M	$71.18M	$66.58M	$70.49M	$73.10M	$72.73M	$64.31M	$68.96M	$56.84M	$63.04M	$51.40M	$47.01M	-	-	-	-	-
Laser And Non Laser Systems	$33.05M	$35.27M	$38.67M	$37.50M	$37.49M	$38.19M	$41.38M	$35.93M	$38.44M	$34.60M	$32.52M	$29.60M	$27.12M	$20.84M	$24.94M	-	-	-	-	-
High Power Continuous Wave CW Lasers	$69.42M	$78.40M	$81.33M	$82.22M	$90.79M	$105.44M	$119.51M	$145.99M	$154.03M	$130.28M	$152.77M	$163.00M	$167.69M	$149.39M	$177.79M	$189.74M	$170.48M	$184.88M	$184.39M	$157.48M
Quasi Continuous Wave QCW Lasers	$10.89M	$10.18M	$10.55M	$15.79M	$10.86M	$13.84M	$11.28M	$11.35M	$14.08M	$12.78M	$16.31M	$15.53M	$13.67M	$15.08M	$13.71M	-	-	-	-	-
Pulsed Lasers	$36.66M	$35.93M	$33.47M	$42.54M	$34.82M	$35.01M	$41.42M	$53.00M	$56.15M	$58.68M	$55.22M	$69.85M	$66.93M	$64.76M	$59.05M	$61.77M	$55.40M	$49.06M	$34.98M	$42.58M
Medium Power CW Lasers	$24.40M	$15.11M	$15.76M	$16.21M	$20.94M	$22.37M	$13.84M	$20.64M	$18.92M	$23.67M	$24.52M	$18.18M	$15.88M	$11.76M	$10.69M	-	-	-	-	-
Laser And Non-Laser Systems	-	-	-	-	-	-	-	-	-	$44.50M	$37.41M	$29.31M	-	-	-	-	-	-	-	-
Quasi-Continuous Wave QCW Lasers	-	-	-	-	-	-	-	-	-	$12.00M	$15.16M	$11.67M	-	-	-	-	-	-	-	-
Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue	-	-	-	-	-	-	-	-	-	$74.23M	$75.82M	$44.61M	-	-	-	-	-	-	-	-

IPG Photonics's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: High Power Continuous Wave CW Lasers (30.47%), Amplifiers, Laser Systems, Service Parts, Accessories And Change In Deferred Revenue (23.43%), Pulsed Lasers (16.09%), Laser And Non Laser Systems (14.51%), Medium Power CW Lasers (10.71%), and Quasi Continuous Wave QCW Lasers (4.78%).

IPG Photonics Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
GERMANY	$87.80M	$88.03M	$85.49M	$101.74M	$65.65M
JAPAN	$62.35M	$72.33M	$57.87M	$54.08M	$53.18M
Other European Geographical Areas	$197.15M	$291.34M	$294.48M	$289.14M	$219.54M
CHINA	$245.00M	$355.32M	$479.93M	$548.35M	$502.28M
Other Asian Geographical Areas	$113.23M	$142.38M	$152.37M	$139.15M	$103.78M
North America	$258.89M	$313.99M	$338.71M	$314.98M	$246.19M
Rest Of World	$12.71M	$24.06M	$20.70M	$13.43M	$10.11M

IPG Photonics's latest annual revenue breakdown by geography, as of Dec 24: North America (26.49%), CHINA (25.07%), Other European Geographical Areas (20.18%), Other Asian Geographical Areas (11.59%), GERMANY (8.99%), JAPAN (6.38%), and Rest Of World (1.30%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Asia	$112.70M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rest Of World	$1.86M	$2.27M	$2.84M	$3.48M	$4.12M	$8.53M	$4.71M	$6.55M	$4.28M	$6.18M	$5.63M	$4.86M	$4.03M	$3.92M	$3.60M	$2.39M	$3.53M	$3.91M	$2.48M	$1.57M
Other European Geographical Areas	$32.17M	$42.45M	$41.48M	$53.72M	$59.50M	$66.11M	$71.95M	$72.86M	$80.42M	$66.74M	$72.33M	$75.41M	$80.00M	$76.43M	$79.78M	$74.34M	$58.59M	$60.85M	$54.91M	$46.55M
Other Asian Geographical Areas	$33.17M	$31.14M	$29.47M	$27.64M	$24.98M	$30.92M	$29.74M	$38.06M	$43.65M	$40.87M	$39.13M	$33.70M	$38.67M	$32.54M	$35.84M	$37.65M	$33.11M	$32.86M	$31.23M	$16.87M
North America	$56.37M	$60.73M	$57.29M	$76.91M	$63.96M	$88.34M	$71.35M	$78.22M	$76.08M	$91.22M	$82.12M	$88.15M	$77.22M	$93.86M	$81.61M	$66.13M	$73.38M	$72.22M	$52.73M	$53.90M
JAPAN	$11.66M	$20.94M	$14.49M	$10.21M	$16.70M	$18.14M	$15.83M	$16.75M	$21.62M	$19.02M	$11.22M	$14.74M	$12.89M	$18.59M	$14.29M	$10.32M	$10.88M	$11.94M	$12.88M	$14.67M
GERMANY	$24.70M	$21.18M	$25.79M	$20.81M	$20.02M	$15.81M	$23.42M	$28.96M	$19.83M	$14.66M	$20.62M	$22.79M	$27.42M	$26.90M	$26.83M	$21.75M	$26.26M	$14.44M	$16.16M	$17.63M
Europe	$56.87M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CHINA	$67.86M	$55.62M	$61.77M	$64.88M	$62.73M	$71.06M	$84.41M	$98.57M	$101.29M	$94.85M	$117.95M	$137.38M	$129.75M	$112.23M	$137.21M	$159.07M	$139.83M	$140.41M	$148.05M	$145.22M

IPG Photonics's latest quarterly revenue breakdown by geography, as of Mar 25: Asia (28.36%), CHINA (17.08%), Europe (14.31%), North America (14.19%), Other Asian Geographical Areas (8.35%), Other European Geographical Areas (8.09%), GERMANY (6.22%), JAPAN (2.94%), and Rest Of World (0.47%).

IPG Photonics Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
AMAT	Applied Materials	$27.18B	$7.10B
LRCX	Lam Research	$14.91B	$4.72B
KLAC	KLA	$9.81B	$3.06B
ENTG	Entegris	$3.24B	$849.84M
TER	Teradyne	$2.82B	$685.68M
UCTT	Ultra Clean	$2.10B	$518.60M
ONTO	Onto Innovation	$987.32M	$263.94M
IPGP	IPG Photonics	$977.13M	$234.34M
ICHR	Ichor	$849.04M	$244.47M
VECO	Veeco Instruments	$717.30M	$182.13M
NVMI	Nova	$517.92M	$141.80M
COHU	Cohu	$401.78M	$96.80M
ASYS	Amtech Systems	$101.21M	$15.58M
AXTI	AXT	$99.36M	$19.36M

IPGP Revenue FAQ

What is IPG Photonics’s yearly revenue?

IPG Photonics's yearly revenue for 2024 was $977.13M, representing a decrease of -24.10% compared to 2023. The company's yearly revenue for 2023 was $1.29B, representing a decrease of -9.94% compared to 2022. IPGP's yearly revenue for 2022 was $1.43B, representing a decrease of -2.14% compared to 2021.

What is IPG Photonics’s quarterly revenue?

IPG Photonics's quarterly revenue for Q4 2024 was $234.34M, a 0.51% increase from the previous quarter (Q3 2024), and a -21.60% decrease year-over-year (Q4 2023). The company's quarterly revenue for Q3 2024 was $233.14M, a -9.51% decrease from the previous quarter (Q2 2024), and a -22.65% decrease year-over-year (Q3 2023). IPGP's quarterly revenue for Q2 2024 was $257.64M, a 2.24% increase from the previous quarter (Q1 2024), and a -24.22% decrease year-over-year (Q2 2023).

What is IPG Photonics’s revenue growth rate?

IPG Photonics's revenue growth rate for the last 3 years (2022-2024) was -31.65%, and for the last 5 years (2020-2024) was -18.62%.

What are IPG Photonics’s revenue streams?

IPG Photonics's revenue streams in c 24 are Pulsed Lasers, Quasi-Continuous Wave QCW Lasers, Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue, High Power Continuous Wave CW Lasers, Laser And Non-Laser Systems, and Medium And Low Power CW Lasers. Pulsed Lasers generated $146.76M in revenue, accounting 15.02% of the company's total revenue, down -20.92% year-over-year. Quasi-Continuous Wave QCW Lasers generated $48.02M in revenue, accounting 4.91% of the company's total revenue, down -1.30% year-over-year. Amplifiers, Laser Systems, Service, Parts, Accessories And Change In Deferred Revenue generated $246.79M in revenue, accounting 25.26% of the company's total revenue, down -16.45% year-over-year. High Power Continuous Wave CW Lasers generated $332.74M in revenue, accounting 34.05% of the company's total revenue, down -36.62% year-over-year. Laser And Non-Laser Systems generated $139.14M in revenue, accounting 14.24% of the company's total revenue, down -13.67% year-over-year. Medium And Low Power CW Lasers generated $63.68M in revenue, accounting 6.52% of the company's total revenue, down -11.14% year-over-year.

What is IPG Photonics’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of IPG Photonics was High Power Continuous Wave CW Lasers. This segment made a revenue of $332.74M, representing 34.05% of the company's total revenue.