MARLBOROUGH, Mass.,, Feb. 25, 2026 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP), the global leader in fiber laser technology, announced today that the Local Division of the Unified Patent Court (UPC) located in Mannheim, Germany has issued a decision in a patent infringement case brought by Trumpf SE & Co. KG (“Trumpf”). The court ruled that certain designs of IPG’s adjustable mode beam (AMB) lasers used in welding and cutting applications infringed European Patent 2,951,625. The decision im ...

格隆汇2月25日丨锐科激光(300747.SZ)在投资者互动平台表示，公司在半导体激光器领域已布局直接半 导体激光器、蓝光半导体激光器等产品。 ...

Core Viewpoint - nLight (LASR) shows a promising earnings outlook, with analysts raising their earnings estimates, which may positively impact the stock price [1][2]. Earnings Estimate Revisions - Current-quarter earnings are projected at $0.11 per share, reflecting a significant increase of +136.7% from the previous year [7]. - For the full year, the earnings estimate stands at $0.21 per share, indicating a change of +132.3% from the year-ago figure [8]. - Over the past 30 days, the Zacks Consensus Estimate for nLight has risen by 10%, with two estimates moving higher and no negative revisions [7][8]. Zacks Rank and Performance - nLight has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts regarding positive earnings revisions [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Stock Performance - The stock has increased by 19% over the past four weeks due to favorable estimate revisions, suggesting potential for further upside [10].

Core Insights - Fourth quarter revenue increased by 17% year over year and 9% sequentially, driven by stabilization in industrial demand and growth in medical and advanced applications [1][20] - Medical sales grew by 21% in 2025, supported by new product introductions and FDA clearance for a next-generation urology system [7][47] - The company made significant progress in expanding its business beyond materials processing applications, with non-materials processing revenue accounting for approximately 14% of total revenue [6][11] Revenue Performance - Materials processing revenue rose by 17% year over year, with stable demand in general industrial applications and increased demand in battery and additive manufacturing [1][20] - Revenue from applications outside of materials processing increased by 15%, driven by higher sales in medical and advanced applications [20] - North America saw a 21% sequential and 23% year-over-year increase in sales, while Europe and Asia also reported growth [21][22] Financial Highlights - Total revenue for the fourth quarter was $274 million, with a GAAP gross margin of 36.1% and adjusted gross margin of 37.6% [20][23] - Operating income was $3 million, with adjusted EBITDA at $41 million, exceeding guidance [25] - The company ended the quarter with $839 million in cash and no debt, supporting ongoing capital allocation strategies [27][28] Strategic Initiatives - The company is focusing on growth in medical, micromachining, and advanced applications, with plans for new product introductions in 2026 [11][12] - The launch of the Crossbow laser defense system marks a significant step in directed energy applications, with strong customer interest reported [9][39] - The Clean Laser acquisition has contributed to revenue synergies and growth in cleaning applications, enhancing the company's competitive position [14][15] Market Outlook - Book-to-bill ratio remains above one, indicating strong order activity and improving market conditions [10][29] - Revenue guidance for Q1 2026 is projected between $235 million and $265 million, with expectations for adjusted gross margin between 37% and 39% [30] - The company remains cautiously optimistic about demand in 2026, while recognizing ongoing macroeconomic uncertainties [10][32]

Financial Data and Key Metrics Changes - Fourth quarter revenue increased by 17% year-over-year and 9% sequentially, driven by stabilization in industrial demand and growth in medical and advanced applications [5][10] - Full-year revenue grew by 3%, marking the first full-year revenue growth since 2021 [6] - GAAP gross margin was 36.1%, while adjusted gross margin was 37.6%, impacted by planned inventory management and tariffs [21][22] - GAAP net income was $13 million or $0.31 per diluted share, with adjusted net income at $20 million, resulting in earnings per diluted share of $0.46 [23] Business Line Data and Key Metrics Changes - Materials processing revenue increased by 17% year-over-year, with stable demand in welding and increased demand in battery and additive manufacturing applications [5][18] - Medical sales grew by 21% year-over-year, driven by new product traction and a major customer win [8][9] - Revenue from applications outside of materials processing increased by 15%, with significant growth in medical and advanced applications [18] Market Data and Key Metrics Changes - North America sales increased by 21% sequentially and 23% year-over-year, driven by higher revenue in cutting, cleaning, medical, and advanced applications [19] - Europe sales increased by 8% sequentially and 7% year-over-year, with strong growth in additive manufacturing and cleaning [19] - Asia revenue improved by 5% sequentially and 19% year-over-year, primarily due to higher welding sales in China [20] Company Strategy and Development Direction - The company is focusing on strengthening its position in core industrial applications while penetrating new non-industrial markets [12] - Growth initiatives in medical, micromachining, and defense are key investment priorities, with expectations for continued momentum into 2026 [11][12] - The company aims to expand its addressable market by integrating laser technology with applications expertise to address complex customer challenges [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding improving market conditions and customer demand, despite ongoing macroeconomic uncertainties [10][11] - Strong bookings in Q4 resulted in a book-to-bill ratio above one, indicating positive demand trends [10][26] - The company plans to maintain a balanced capital allocation strategy, investing in growth while returning capital to shareholders [25] Other Important Information - The company received FDA clearance for a next-generation urology system, enhancing its medical product offerings [9] - The cleanLASER acquisition has generated revenue synergies and contributed to growth in the cleaning segment [14][15] - The company has authorized a new $100 million share repurchase program to continue returning capital to shareholders [25] Q&A Session Summary Question: Thoughts on cutting revenue stability and long-term growth targets - Management noted that cutting revenue has stabilized and is expected to grow alongside investments in core markets [32][33] Question: Update on Directed Energy investment and market interest - Management reported strong customer interest in the Crossbow system for military and civilian applications, with plans for future product enhancements [37][38] Question: Margin improvement and revenue levels for fixed cost absorption - Management indicated that revenue levels above $270 million would help improve gross margins, with ongoing cost reduction initiatives in place [40][41] Question: Plans for investment in Directed Energy applications - Management confirmed a roadmap for increasing power levels in Directed Energy products, targeting smaller class drones [45] Question: Expectations for new medical products in 2026 - Management anticipates significant growth in medical sales, with new product launches planned for 2026 [46][47] Question: Competitive environment updates, especially in Asia - Management stated that pricing pressures are minimal in differentiated markets, with strong demand in battery and advanced applications [62] Question: Variability in bookings by region - Management reported broad-based order activity, with North America and Asia showing strong performance, while Europe is improving [68]

Earnings Call Presentation Fourth Quarter 2025 February 12, 2026 10:00 am ET • By phone: 877-407-6184 in the US or 201-389-0877 internationally • A live webcast of the call will be available and archived on the investor relations section of the Company's website at investor.ipgphotonics.com Q4'25 Summary $274M Revenue $41M Adj. EBITDA $0.46 Adj. EPS © 2025 IPG PHOTONICS Note Regarding Forward Looking Statements and Use of Non-GAAP Financials Information and statements provided by IPG and its employees, incl ...

Core Insights - IPG Photonics Corporation reported a 17% year-over-year increase in revenue for Q4 2025, reaching $274.5 million, driven by growth in materials processing, medical, and advanced applications [6][3] - The company experienced a decrease in gross margin to 36.1% due to higher product costs and tariffs, despite a strong revenue performance [7][6] - Management emphasized the execution of strategic initiatives and growth in additive and battery manufacturing as key drivers of performance [5][6] Financial Performance - Revenue for the twelve months ended December 31, 2025, was $1,003.8 million, a 3% increase from $977.1 million in 2024 [3] - Net income for Q4 2025 was $13.3 million, a 71% increase from $7.8 million in Q4 2024, while the net income for the full year was $31.1 million compared to a loss of $181.5 million in 2024 [3][18] - Adjusted EBITDA for Q4 2025 was $41.2 million, an 11% increase from $37.3 million in Q4 2024 [3][6] Market Dynamics - The company noted a 19% increase in sales in Asia and a 23% increase in North America year-over-year, indicating strong regional demand [6] - Emerging growth products accounted for 54% of total revenue, up from 52% in the previous quarter, highlighting a shift towards high-growth areas [6][5] Operational Highlights - IPG Photonics invested $18 million in capital expenditures and $4 million in share repurchases during the fourth quarter [7] - The company has authorized a new share repurchase program of up to $100 million, reflecting confidence in its financial position [8][9] Future Outlook - For Q1 2026, IPG expects revenue between $235 million and $265 million, with an adjusted gross margin of 37% to 39% [11] - The company anticipates a book-to-bill ratio above one, indicating positive market demand and improved industrial activity [10][11]

Group 1 - The core viewpoint of the article is that Ruike Laser has entered the consumer laser market starting in 2023, focusing on handheld welding and 3D printing products [2] - The company aims to provide lightweight, high-efficiency, and high-precision welding and additive manufacturing solutions [2]

Summary of Conference Call Notes Company Overview - The company discussed is Jiepu Te (杰普特), a player in the laser equipment industry, particularly focusing on fiber laser technology and its applications in various sectors. Key Points Stock Incentive Plan - The company has reintroduced a stock incentive plan aimed at 150 management and employees, totaling 4.5 million shares [1] - The performance targets are based on revenue, with trigger values set at 2.7 billion and target values at 3 billion yuan for 2026 [1] - Cumulative revenue targets for 2026-2028 are set at 9 billion and 13 billion yuan, respectively, while for 2026-2030, the targets are 18 billion and 28 billion yuan [1] - Based on the 2026 target of 3 billion yuan, the projected compound annual growth rate (CAGR) is over 30% from 2026 to 2030 [1] Company Strengths - The company emphasizes its vertical integration capabilities and its philosophy of tackling challenging projects [1] - Jiepu Te is noted for being a pioneer in the commercial mass production of MOPA laser technology, which remains a distinctive feature and flagship product of the company [1] Industry Context - The Chinese commercial laser industry began in the late 1990s, leading to the emergence of numerous laser equipment companies [2] - The laser industry in China developed later, with the introduction of laser technology by returning talents before the financial crisis, leading to the establishment of the "three small dragons" of laser technology [2] - Over nearly 20 years, domestic laser technology has evolved from cutting to welding, achieving a global power peak of 200KW and excelling in fine micro-nano processing [2] - Chinese fiber laser technology has largely replaced overseas leaders and is expected to shine in the upcoming industrial wave [2] Future Outlook - The stock incentive plan is seen as a strategic move to set the tone for the company's development over the next five years, instilling confidence for long-term growth [2] - The company aims to align its fiber laser products in the consumer and industrial sectors with international leaders, while rapidly advancing fiber devices and automation to meet the customized needs of top-tier clients [2]

Summary of Conference Call Records Company: Jiepu Technology (杰普特) Key Points - **Equity Incentive Plan**: The company has launched a new equity incentive plan aimed at 150 management and employees, totaling 4.5 million shares [1] - **Revenue Targets**: The assessment targets are set for operating revenue, with trigger values for 2026 at 2.7 billion and target values at 3 billion yuan. Cumulative revenues for 2026-2028 are projected at 9 billion and 13 billion yuan, respectively, while cumulative revenues for 2026-2030 are expected to reach 18 billion and 28 billion yuan [1] - **Growth Rate**: Based on the 2026 target value of 3 billion yuan, the linear growth from 2026 to 2030 indicates a compound annual growth rate (CAGR) of over 30% [1] - **Vertical Integration Capability**: The company emphasizes its vertical integration capabilities and its philosophy of "doing difficult things," which has been a hallmark of its operations [1] - **Product Highlight**: Jiepu Technology is noted for being the first to achieve commercial mass production of MOPA laser technology, which remains a key product and characteristic of the company [1] Industry: Chinese Laser Industry Key Points - **Industry Background**: The Chinese commercial laser industry began in the late 1990s, leading to the emergence of numerous laser equipment companies. The laser technology sector developed later, with the introduction of laser technology by returning talents before the financial crisis [2] - **Domestic Laser Development**: Over nearly 20 years, domestic laser technology has evolved from cutting to welding, achieving a global top power of 200KW and excelling in fine micro-nano processing. Chinese fiber lasers have largely replaced overseas leaders and are expected to shine in the next industrial wave [2] - **Long-term Confidence**: The recent equity incentive plan is seen as a strategic move to set the tone for the company's development over the next five years, instilling confidence for long-term growth [2] - **Market Positioning**: Fiber lasers in the consumer and industrial sectors are fully aligned with international leaders, with rapid advancements in fiber devices and automation to meet the customized needs of high-end clients [2]