Fiber laser manufacturer IPG Photonics (NASDAQ: IPGP) will be announcing earnings results this Tuesday before market open. Here’s what you need to know.
IPG Photonics met analysts’ revenue expectations last quarter, reporting revenues of $278.6 million, up 11.1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ operating income estimates.
Is IPG Photonics a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting IPG Photonics’s revenue to grow 13% year on year, improving from the 7.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. IPG Photonics rarely misses Wall Street’s revenue estimates.
Looking at IPG Photonics’s peers in the semiconductor manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Entegris delivered year-on-year revenue growth of 24.6%, beating analysts’ expectations by 8.6%, and FormFactor reported revenues up 38.4%, topping estimates by 3.7%. Entegris traded down 3.7% following the results while FormFactor was also down 13.6%.
Read our full analysis of Entegris’s results here and FormFactor’s results here.
In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). Unfortunately, semiconductor manufacturing stocks have struggled in this environment as share prices are down 18.8% on average over the last month. IPG Photonics is down 13.1% during the same time and is heading into earnings with an average analyst price target of $124.14 (compared to the current share price of $72.64).
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