NASDAQ$IPGP
Ipg Photonics Corp. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
IPG's second quarter results reflected a challenging demand environment, particularly across industrial and e-mobility markets.
IPG Photonics reported a decrease in revenue by 24% year-over-year to $258 million due to a challenging demand environment. The company focused on financial execution, generating $53 million in cash from operations and reducing inventory. While materials processing sales decreased, other sales increased due to higher revenue in medical and advanced applications.
- Second quarter revenue decreased 24% year over year to $258 million.
- Gross margin decreased to 37.3% due to reduced absorption of manufacturing expenses and increased inventory reserves.
- Earnings per diluted share decreased 66% year over year to $0.45.
- The company generated $53 million in cash from operations and spent $24 million on capital expenditures and $122 million on share repurchases.
Headline financials
Revenue & EPS history
IPG Photonics · Revenue · Quarterly
$258M
Forward guidance
For the third quarter of 2024, IPG expects revenue of $210 million to $240 million, gross margin between 34% and 37%, and operating expenses of $82 million to $84 million. The Company expects the third quarter tax rate to be approximately 25%, including certain discrete items. IPG anticipates delivering earnings per diluted share in the range of $0.00 to $0.30.
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 2024
-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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