IPG Q2 revenue of $ 372 million, China market increased by 10%
On August 3, IPG Photonics Corporation announced the second quarter of financial results as of June 30, 2021. The IPG Q2 revenue is $ 372 million, a year-on-year increase of 25%; net profit of $ 0.7 billion, an increase of 83% year-on-year. The gross profit margin was 48.6%, down 2.6 percentage points year-on-year.
Specific performance analysis
Specifically, material processing sales account for 93% of total revenue in the quarter, an increase of 27% year-on-year, because soldering, cutting, solar cell manufacturing, cleaning and add-in-sales increase, service and part contributions are increasing Big. Sales of other applications increased by 5% year-on-year due to increased sales of medical and advanced applications.
High-power continuous wave ("CW") laser sales account for 51% of total revenue, an increase of 20% year-on-year. Ultra high power fiber lasers (6 kW or more power) account for 51% of all high-power continuous laser sales in the quarter. The second quarter sales benefit from the adjustable mode beam (AMB) and the strong growth of the pulse laser. System sales have also produced significant growth in this quarter.
According to the regional division, China's sales increased by 10% year-on-year, 50% in Europe, and 23% in North America.
Dr. Valentin Gapontsev, executive chairman of IPG Photo, said: "The increase in core market economic activities and the team's attention to implementation and growth opportunities have driven our performance in the second quarter.
