Overview

* IPG Photonics ( IPGP ) Q2 revenue falls 3% to $250.7 mln, but beats analysts' expectations, per LSEG data

* Adjusted EPS for Q2 fell 42% yr/yr to $0.30

* Revenue driven by demand recovery and strong medical applications

Outlook

* IPG expects Q3 revenue of $225 mln to $255 mln

* Company anticipates Q3 adjusted EPS of $0.05 to $0.35

* IPG forecasts Q3 adjusted EBITDA between $22 mln and $36 mln

* Company sees Q3 adjusted gross margin of 36% to 38%

Result Drivers

* DEMAND RECOVERY - Modest recovery in general industrial and e-mobility markets drove revenue, per CEO Dr. Mark Gitin

* STRATEGIC INITIATIVES - Higher revenue in medical and advanced applications attributed to strategic initiatives and customer wins

* DIVESTITURES IMPACT - Revenue decline due to divestitures, offset by growth in micromachining and cleanLASER acquisition

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $250.70 $229.60

Revenue mln mln (8

Analysts

)

Q2 EPS $0.16

Q2 Net $6.60

Income mln

Q2 Gross 37.3%

Margin

Q2 $100,000

Operatin

g Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)