NASDAQ$IPGP
Ipg Photonics Corp. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
IPG Photonics experienced sales growth driven by strong performance in electric vehicle and medical applications.
IPG Photonics reported a 1% increase in revenue year-over-year, reaching $377 million. Growth was driven by strong sales in North America and Japan, particularly in e-mobility and medical applications. EPS decreased by 15% year over year to $1.10, impacted by foreign exchange transaction losses.
- Second quarter revenue increased 1% year over year to $377 million, with exchange rates reducing revenue by approximately $18 million on a constant currency basis.
- Sales into Other applications increased 29% year over year, driven by the strength in medical.
- By region, sales increased 33% in North America, 43% in Japan, and 2% in Europe, and decreased 14% in China on a year-over-year basis.
- Earnings per diluted share (EPS) of $1.10 decreased by 15% year over year.
Headline financials
Revenue & EPS history
IPG Photonics · Revenue · Quarterly
$377M
Revenue by segment
IPG Photonics · $377M total across 2 segments · Q2 2022
- Materials Processing$343M-0.8%91.0%
- Other Applications$33.9M+30.8%9.0%
Forward guidance
For the third quarter of 2022, IPG expects revenue of $350 to $380 million and earnings per diluted share in the range of $1.00 to $1.30. The Company expects the third quarter tax rate to be approximately 25%.
Tailwinds
- Fiber laser adoption will continue to drive demand across many applications and geographies
- Benefit from global trends including increasing automation
- Benefit from global trends including e-mobility
- Benefit from global trends including renewable energy
- Benefit from global trends including energy efficiency as energy costs rise globally
Headwinds
- Operating environment is uncertain
- Bookings declined from the record level last quarter on more moderate demand in Europe
- Currency headwinds
- Third quarter guidance range is reduced by approximately $15 million due to foreign currency translation headwinds that are primarily related to the strength of the U.S. dollar as compared to the Euro and Chinese Yuan.
- Actual results may differ from this guidance due to various factors including, but not limited to, trade policy changes and trade restrictions with Russia, the COVID-19 pandemic, product demand, order cancellations and delays, competition, tariffs, currency fluctuations and general economic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.7%
Avg return
Earnings day
-0.9%
Avg return
5 days after
-2.3%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+35.5%
Q4 2025
Best reaction
-26.2%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -25.1% | -14.6% | +0.1% | |
| Q4 2025 | +35.5% | +21.6% | +0.0% | |
| Q3 2025 | -0.2% | -2.3% | -9.9% | |
| Q1 2025 | -13.0% | -4.7% | +8.4% | |
| Q4 2024 | -5.5% | -5.7% | -11.7% | |
| Q3 2024 | +5.1% | +3.8% | -2.5% | |
| Q2 2024 | -8.2% | -18.5% | -21.0% | |
| Q1 2024 | -5.7% | -2.1% | -3.9% | |
| Q4 2023 | -15.2% | -16.5% | -16.0% | |
| Q3 2023 | +4.0% | +9.8% | +14.4% | |
| Q2 2023 | -15.1% | -17.2% | -17.6% | |
| Q1 2023 | +0.7% | +0.2% | -6.4% | |
| Q4 2022 | +16.5% | +16.6% | +6.5% | |
| Q3 2022 | +2.6% | +2.5% | +8.3% | |
| Q2 2022 | -3.9% | -5.4% | -16.0% | |
| Q1 2022 | +10.7% | +1.9% | +5.9% | |
| Q4 2021 | -4.1% | -6.7% | -20.5% | |
| Q3 2021 | +7.6% | +5.0% | -0.5% | |
| Q2 2021 | -17.3% | -16.5% | -20.3% | |
| Q1 2021 | -10.4% | -6.7% | -5.0% | |
| Q4 2020 | -6.1% | -7.2% | -16.7% | |
| Q3 2020 | +1.9% | +3.6% | +8.8% | |
| Q2 2020 | -7.4% | -9.3% | -9.3% | |
| Q1 2020 | +21.1% | +27.7% | +35.5% | |
| Q4 2019 | -5.2% | -7.7% | -23.7% | |
| Q3 2019 | -7.1% | -2.9% | +0.7% | |
| Q2 2019 | -6.0% | -15.0% | -12.0% | |
| Q1 2019 | -1.3% | -0.9% | -25.7% | |
| Q4 2018 | +8.8% | +12.8% | +8.9% | |
| Q3 2018 | +1.7% | +11.0% | +7.6% | |
| Q2 2018 | -26.2% | -24.0% | -23.0% | |
| Q1 2018 | +6.3% | +9.5% | +13.3% | |
| Q4 2017 | -7.7% | -4.3% | -4.7% | |
| Q3 2017 | -0.6% | +3.0% | +10.3% | |
| Q2 2017 | +6.2% | +5.3% | +15.2% | |
| Q1 2017 | +6.9% | +5.6% | +11.1% | |
| Q4 2016 | +4.9% | +2.9% | +3.5% | |
| Q3 2016 | +14.2% | +12.2% | +14.8% | |
| Q2 2016 | +0.0% | -1.5% | +3.3% | |
| Q1 2016 | -15.6% | — | — | |
| Q4 2015 | -2.5% | — | — | |
| Q3 2015 | +11.7% | — | — | |
| Q2 2015 | +16.8% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +9.4% | — | — | |
| Q3 2014 | +5.9% | — | — | |
| Q2 2014 | +8.3% | — | — | |
| Q1 2014 | -5.2% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | -9.1% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -9.1% | — | — | |
| Q1 2011 | +2.6% | — | — | |
| Q4 2012 | -10.6% | — | — | |
| Q3 2012 | -5.4% | — | — | |
| Q4 2011 | +10.5% | — | — | |
| Q2 2012 | +11.9% | — | — | |
| Q1 2012 | +11.0% | — | — | |
| Q4 2009 | -6.1% | — | — | |
| Q1 2010 | -6.1% | — | — | |
| Q3 2011 | -7.1% | — | — | |
| Q3 2010 | -7.1% | — | — | |
| Q4 2010 | -4.0% | — | — | |
| Q2 2010 | -4.0% | — | — | |
| Q2 2011 | -4.0% | — | — |
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