IPG Photonics Reports 8% Revenue Growth in Third Quarter 2025
IPG Photonics Corporation reported its third quarter 2025 financial results, with revenue reaching $251 million, an 8% increase year over year. Excluding divestitures, revenue grew by 11%, reflecting business wins and progress in strategic initiatives, particularly in materials processing, medical, and advanced applications. Materials processing sales accounted for 88% of total revenue, rising 6% from the previous year, driven by growth in welding, additive manufacturing, cleaning, and increased demand in battery production. Changes in foreign exchange rates contributed approximately 1% to overall revenue growth. The company highlighted improved gross margins due to higher revenue and continued focus on expense management and innovation investments.
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