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IPG Photonics Corp (IPGP) company profile

IPGPNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 8/3093% above fair value
$70.81+1.32 (+1.90%)

Close on Nov 11, 2026Market cap $3.01BP/E 108.9Yield –

About IPG Photonics

Semiconductors & Related Devices, SIC 3674

IPG Photonics Corporation designs, manufactures, and sells high-performance fiber lasers, diode lasers, fiber amplifiers, and laser-based systems. It also provides complementary accessories, including optical delivery cables, processing heads, chillers, and inline monitoring sensors, alongside surface cleaning systems. The company categorizes its primary offerings across materials processing, medical procedures, and advanced applications. Its laser solutions serve diverse manufacturing end markets such as general industrial, automotive, consumer electronics, and medical device fabrication. IPG distributes products globally to original equipment manufacturers, system integrators, and direct end users through a dedicated direct sales team.

The company operates major manufacturing facilities in the United States and Germany, complemented by global sales and service offices and application laboratories. IPG employs approximately 4,840 full-time staff across more than thirty locations in twenty-four countries, with the majority located in the US and Germany. IPG Photonics maintains its principal executive headquarters in Marlborough, Massachusetts.

Summary of the business section of IPG Photonics's latest annual report, written by StockData.

Company profile

Company

Legal name
IPG Photonics Corp
Founded
1990
Headquarters
Marlborough, MA
Address
377 Simarano Drive 01752
Phone
(508) 373-1100
Employees
4,840, Dec 31, 2025
Industry
Semiconductors & Related Devices
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
Deloitte & Touche LLP, Boston, Massachusetts

Stock & identifiers

Ticker
IPGP
Exchange
Nasdaq
IPO date
Dec 13, 2006
Shares outstanding
43M, Aug 3, 2026
Public float
$1.80B, Jun 30, 2025
Filer category
Large accelerated filer
SEC CIK
1111928
CUSIP
44980X109
ISIN
US44980X1090
FIGI
BBG000DCGRL8
Share class FIGI
BBG001SG95B8
LEI
5493002KZ51CADQ94G15
EIN
04-3444218

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Mark Milton GitinCEO, Director87,232
Paulus BucherSVP, Global Operations6,053
Angelo P. LoprestiSVP, Secretary & Gen Counsel59,841
Timothy PV MammenSVP, Chief Financial Officer76,438
Igor SamartsevSVP, Chief Scientist956,923
Mary E. ButtarazziVP, Corp Controller and CAO4,749
Trevor NessSVP, Chief Revenue Officer38,425
Thomas J. BurgomasterChief Accounting Officer11,566
Eugene A. ScherbakovDirector7,399,164
John R. PeelerDirector20,886
Tang AgnesDirector10,324
Jeanmarie F. DesmondDirector10,486
Greg DoughertyDirector18,334
Natalia PavlovaDirector958,523
Eric MeuriceDirector25,239
Gregory R. BeecherDirector12,216
Kolleen T. KennedyDirector11,513

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025
Gitin
$9.07M$9.89M$2.36M$32$205
FY2025
Scherbakov
$6.10M$408.37K$2.36M$32$205
FY2024
Gitin
$6.70M$4.59M$2.37M$32$142
FY2024
Scherbakov
$6.10M$408.37K$2.37M$32$142
FY2023$5.73M$4.90M$2.00M$49$122
FY2022$3.25M$3.25M$2.09M$42$101

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsIncentive payOtherTotalvs. prior year
Mark Gitin
Chief Executive Officer
$879.42K$7.00M$1.16M$32.48K$9.07M+35%
Timothy Mammen
Chief Financial Officer and Senior Vice President
$559.42K$2.00M$472.70K$11.56K$3.04M-1%
Trevor Ness
Senior Vice President, Chief Revenue Officer
$520.27K$1.68M$440.10K$10.35K$2.65M-1%
Angelo Lopresti
Senior Vice President, General Counsel and Secretary
$504.17K$1.64M$425.00K$10.50K$2.57M-1%
Paulus Bucher
Senior Vice President, Global Operations
$226.59K$629.93K$325.29K–$1.18M–

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Dec 13, 2006
Offer price
$16.50
Securities offered
9,000,000
Gross proceeds
$148.50M
Exchange
Nasdaq
First trading day
Dec 13, 2006
First-day close
$25.60+55.2%
Lock-up ends (est.)
Jun 11, 2007

“Per Share Total Public offering price $ 16.500 $ 148,500,000 Underwriting discount $ 1.155 $ 10,395,000 Proceeds, before expenses, to IPG Photonics $ 15.345 $ 95,773,961 Proceeds, before expenses, to selling stockholders $ 15.345 $ 42,331,039 The underwriters may also purchase up to an additional 1,350,000 shares o”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

Employees

Headcount reported in annual reports

“As of December 31, 2025, we had approximately 4,840 full-time employees, including 440 in research and development, 3,590 in manufacturing and service operations, 390 in sales and marketing, and 420 in general and administrative functions.”

Corporate history

Events identified from SEC filings

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