12 Best Photonics Stocks to Buy Now

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6. IPG Photonics Corporation (NASDAQ:IPGP)

On May 5, 2026, IPG Photonics Corporation (NASDAQ:IPGP) shared its first-quarter 2026 results. Revenue was $265.5 million. This was a 17% growth compared to the previous year. The company also reported Adjusted EBITDA of $35.2 million. In terms of income, it made GAAP net income of $1.6 million and earnings per diluted share of $0.04, a dip from the previous year, and adjusted EPS came in at $0.29. Dr. Mark Gitin, who is  Chief Executive Officer, said that the firm had “delivered our second consecutive quarter of double-digit year-over-year revenue growth.”

Industrial Solutions sales were up by 21% and made up 86% of revenue. On the other hand, Advanced Solutions did not do well, and revenue declined by 5%. IPG Photonics Corporation (NASDAQ:IPGP) reported a 37.5% gross margin. This was less than the year before because of tariffs, and the cost of making their products was higher.

Looking ahead, the corporation sees Q2 sales of $260 million to $290 million, with adjusted EPS of $0.25 to $0.55, and noted steady demand strength.

IPG Photonics Corporation (NASDAQ:IPGP) is a firm that works on fiber lasers, laser systems, fiber amplifiers, and other optical components. Its products include lasers, beam delivery medical, and telecom equipment, as well as components such as pump diodes, chillers, and mid-IR crystals.

While we acknowledge the potential of IPGP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IPGP and that has 100x upside potential, check out our report about the cheapest AI stock.

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