IPG Photonics Corporation

IPG Photonics Corporation is a global leader in the development and manufacturing of high-performance fiber lasers, amplifiers, and laser systems. Founded in 1990, the company pioneered the commercialization of optical fiber-based lasers, aiming to make this technology the tool of choice for mass production by enabling precision, energy-efficient manufacturing, and increasing end-user productivity while decreasing costs. Headquartered in Marlborough, Massachusetts, U.S., IPG Photonics maintains a significant global presence with over 30 facilities worldwide.

The company's extensive product portfolio includes a wide range of fiber lasers, such as high-power continuous wave (CW), pulsed, quasi-continuous wave (QCW), and ultrafast lasers, along with fiber amplifiers, diode lasers, and related optical components. IPG Photonics also offers integrated laser and non-laser systems, optical delivery cables, beam switches, and processing heads. These solutions cater to diverse applications across various market segments, including materials processing (cutting, welding, marking, cleaning, and additive manufacturing), medical procedures, telecommunications, advanced applications, scientific research, and specialized industries like automotive (especially EV battery manufacturing), aerospace, semiconductor, and defense. Materials processing constitutes a substantial portion of the company's revenue.

Mark M. Gitin assumed the role of CEO, effective June 5, 2024, succeeding Eugene Scherbakov. Recent notable developments include receiving an order from Lockheed Martin for CROSSBOW™ high-energy laser counter-UAS defense systems in February 2026 and showcasing innovative laser solutions at the 2026 SPIE Photonics West Exhibition. IPG Photonics was also awarded the 2026 Prism Award for an 8-kilowatt single-mode laser product. The company maintains its position as the global leader in fiber laser technology, holding approximately 47% of the global fiber laser market as of Q1 2025, driven by its vertically integrated manufacturing model and focus on high-power, high-efficiency, and reliable laser solutions.