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IPG Photonics Corp (IPG) is a manufacturer and supplier of fiber lasers and amplifiers. The company's major products include laser and non-laser systems, direct diode lasers, packaged semiconductor diodes, laser-based medical systems, and optical fiber delivery cables, among others. Its service offerings comprise e-mobility manufacturing solutions, materials processing services, laser microprocessing services, advanced and scientific laser applications services, custom systems and tooling services, and virtual engineering and simulation services. IPG products are utilized by original equipment manufacturers, system integrators, and end users for applications in materials processing, medical, and advanced applications. The company serves the consumer electronics, semiconductors, communications, and other industries. It has operations in North America, Europe, and Asia. IPG is headquartered in Marlborough, Massachusetts, the US.
Headquarters
United States of America
Address
377 Simarano Drive, Marlborough, Massachusetts, 01752
Website
www.ipgphotonics.com
Telephone
1 508 3731100
No of Employees
4,740
Industry
Technology and Communications
Ticker Symbol & Exchange
IPGP (NASD)
Revenue (2024)
$977.1M
-24.1%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-182.9%
(2024 vs 2023)
Market Cap*
$4.4B
Net Profit Margin (2024)
XYZ
-209.3%
(2024 vs 2023)
* As of and is in US$
IPG Photonics Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Fiber Lasers | E-Mobility Manufacturing Solutions |
| Fiber Amplifiers | Materials Processing Services |
| Diode Lasers | Laser Microprocessing Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Corporate Changes/Expansions | In November, the company launched its new office and manufacturing facility in Huntsville, Alabama, the US. |
| 2025 | New Products/Services | In June, the company introduced advanced high-power lasers designed on a newly integrated rack platform. |
| 2024 | Acquisitions/Mergers/Takeovers | In December, the company acquired Clean-Lasersysteme GmbH, a producer of laser-based cleaning systems. |
Competitor Comparison
| Key Parameters | IPG Photonics Corp | Trumpf SE + Co KG | MKS Inc | Lumentum Holdings Inc | Wuhan Raycus Fiber Laser Technologies Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | United States of America | United States of America | China |
| City | Marlborough | Ditzingen | Andover | San Jose | Wuhan |
| State/Province | Massachusetts | - | Massachusetts | California | Hubei |
| No. of Employees | 4,740 | 19,018 | 10,100 | 10,562 | 3,449 |
| Entity Type | Public | Private | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mark M. Gitin | Director; Chief Executive Officer | Executive Board | 2024 | 58 |
| Timothy P.V. Mammen | Chief Financial Officer; Senior Vice President | Senior Management | 2013 | 55 |
| Igor Samartsev | Senior Vice President; Chief Scientist | Senior Management | 2022 | 61 |
| Jennifer Kartono | Chief Human Resources Officer; Senior Vice President | Senior Management | 2025 | - |
| John R. Peeler | Chairman | Non Executive Board | 2021 | 70 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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