IPG Photonics Corp (IPGP) company profile
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
- Website
- www.ntoire-polus.ru
- 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
| Name | Position | Shares owned |
|---|---|---|
| Mark Milton Gitin | CEO, Director | 87,232 |
| Paulus Bucher | SVP, Global Operations | 6,053 |
| Angelo P. Lopresti | SVP, Secretary & Gen Counsel | 59,841 |
| Timothy PV Mammen | SVP, Chief Financial Officer | 76,438 |
| Igor Samartsev | SVP, Chief Scientist | 956,923 |
| Mary E. Buttarazzi | VP, Corp Controller and CAO | 4,749 |
| Trevor Ness | SVP, Chief Revenue Officer | 38,425 |
| Thomas J. Burgomaster | Chief Accounting Officer | 11,566 |
| Eugene A. Scherbakov | Director | 7,399,164 |
| John R. Peeler | Director | 20,886 |
| Tang Agnes | Director | 10,324 |
| Jeanmarie F. Desmond | Director | 10,486 |
| Greg Dougherty | Director | 18,334 |
| Natalia Pavlova | Director | 958,523 |
| Eric Meurice | Director | 25,239 |
| Gregory R. Beecher | Director | 12,216 |
| Kolleen T. Kennedy | Director | 11,513 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer 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
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. 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
| Date | Event | Details |
|---|---|---|
| Feb 22, 2017 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 13, 2006 | IPO | Initial public offering priced (424B4 prospectus) |
| Nov 14, 2006 | Listing | Registration of securities on an exchange (Form 8-A) |
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