Company: IPGP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001111928-25-000132
Chunk: 92

Company: IPG PHOTONICS CORP
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 92
---
30, 2024.

The table below sets forth sales by application: 

Six Months Ended June 30,20252024Change(In thousands, except for percentages)Sales by Application% of Total% of TotalMaterials processing$407,970 85.3 %$452,138 88.7 %$(44,168)(9.8)%Other applications70,544 14.7 %57,516 11.3 %13,028 22.7 %Total$478,514 100.0 %$509,654 100.0 %$(31,140)(6.1)%

22

The table below sets forth sales by type of product and other revenue:

Six Months Ended June 30,20252024Change(In thousands, except for percentages)Sales by Product% of Total% of TotalHigh Power CW Lasers$145,568 30.4 %$173,018 33.9 %$(27,450)(15.9)%Medium Power CW Lasers45,139 9.4 %31,972 6.3 %13,167 41.2 %Pulsed Lasers74,634 15.6 %77,355 15.2 %(2,721)(3.5)%QCW Lasers22,529 4.7 %26,340 5.2 %(3,811)(14.5)%Laser and Non-Laser Systems72,808 15.2 %76,171 14.9 %(3,363)(4.4)%Other Revenue including Amplifiers, Service, Parts, Accessories and Change in Deferred Revenue117,836 24.7 %124,798 24.5 %(6,962)(5.6)%Total$478,514 100.0 %$509,654 100.0 %$(31,140)(6.1)%

Materials processing

Materials processing sales accounted for 85.3% of total revenue and decreased 9.8% year over year, as a result of lower sales in cutting and welding applications, partially offset by higher revenue in micromachining, cleaning, mainly attributable to the cleanLASER acquisition and additive manufacturing applications. Other applications sales increased 22.7% year over year driven by higher revenue in advanced applications and medical procedures. The decrease in sales was