Company: IPGP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001111928-25-000168
Chunk: 89

Company: IPG PHOTONICS CORP
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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2024, respectively. We seek to add new customers and to expand our relationships with existing customers. We anticipate that the composition of our significant customers will continue to change. We generally do not enter into agreements with our customers obligating them to purchase a fixed number or large volume of our products. If any of our significant customers substantially reduced their purchases from us, our results would be adversely affected.

Results of Operations for the Three Months Ended September 30, 2025 Compared to the Three Months Ended September 30, 2024

Net sales. Net sales increased by $17.7 million, or 7.6%, to $250.8 million for the three months ended September 30, 2025 from $233.1 million for the three months ended September 30, 2024.

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The table below sets forth sales by application: 

Three Months Ended September 30,20252024Change(In thousands, except for percentages)Sales by Application% of Total% of TotalMaterials processing$219,427 87.5 %$207,063 88.8 %$12,364 6.0 %Other applications31,365 12.5 %26,080 11.2 %5,285 20.3 %Total$250,792 100.0 %$233,143 100.0 %$17,649 7.6 %

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

Three Months Ended September 30,20252024Change(In thousands, except for percentages)Sales by Product% of Total% of Total High Power Continuous Wave ("CW") Lasers $76,553 30.5 %$81,325 34.9 %$(4,772)(5.9)% Medium Power CW Lasers 21,135 8.4 %15,110 6.5 %6,025 39.9 % Pulsed Lasers 34,159 13.6 %33,470 14.3 %689 2.1 % Quasi-Continuous Wave ("QCW") Lasers 14,771 5.9 %10,180 4.4 %4,591 45.1 % Laser and Non-Laser Systems 35,590 14.2 %35,265