Needham & Company Cuts Price Target on IPG Photonics (IPGP) Following 2Q Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
IPG Photonics Reports 8% Revenue Growth for Second Quarter 2016
July 28, 2016 8:00 AM EDT
Record Quarterly Revenues of $252.8 Million Driven by Strength in
Materials Processing and High Power Laser Sales
Company
Announces Anti-Dilutive Stock Repurchase Program
OXFORD, Mass.--(BUSINESS WIRE)-- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2016.
       ÂThree Months EndedJune 30,
Six Months EndedJune 30,
(In millions, except per share data) 2016 Â Â 2015 % Change 2016 Â Â 2015 % Change Revenue $ 252.8 $ 235.1 8 % $ 460.0 $ 434.1 6 % Gross margin 54.5 % 54.7 % 54.8 % 54.5 % Operating income... More