Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Fiber Lasers Drive Revenue Growth at IPG Photonics

Facebook Twitter LinkedIn Email
OXFORD, Mass., May 5, 2014 — IPG Photonics Corp. saw a 15.4 percent increase in profits last quarter over the same period last year, powered by demand for high-power fiber lasers.

The company reported earnings of $40.5 million compared to $35.1 million in the first quarter of 2013.

“High-power fiber laser sales increased 33 percent and medium-power, QCW and laser systems sales also were up compared with the prior year,” said CEO Dr. Valentin Gapontsev. “Geographically, we saw strong growth in Europe, China and Turkey, and achieved record sales in Japan. North American sales were lower due to lower sales for welding and paint stripping, partially offset by strong cutting sales as compared to [the first quarter of] 2013.”

“Fiber laser technology continues to displace traditional laser technologies and non-laser technologies for applications such as cutting, welding, additive manufacturing and cladding,” Gapontsev added.

Cutting and additive manufacturing sales grew 22 percent in the first quarter, Gapontsev said. Welding products performed well in Japan and Europe, but not as well in North America and China, he said.

IPG Photonics expects revenues in the range of $173 million to $188 million for the second quarter.

A large order for low-cost pulsed lasers is expected to ship to China soon, which Gapontsev said should strengthen the company’s position there. He cautioned, however, that competition for low-power pulsed lasers in China and softness in the North American market will partially offset growth in the next quarter.
May 2014
The low-refractive-index material that surrounds the core of an optical fiber to contain core light while protecting against surface contaminant scattering. In all-glass fibers, the cladding is glass. In plastic-clad silica fibers, the plastic cladding also may serve as the coating.
The process of forming a lens to a given pattern, or of cutting a piece of glass along the line of scratch.
additive manufacturingAmericasAsia-PacificBusinessChinacladdingcuttingEuropefiber lasersfiber opticsindustrialIPG Photonics Corp.Japanpulsed lasersturkeyValentin Gapontsevweldinglasers

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.