3 Photonics Companies Making Quantum Tech Possible IPG Photonics (NASDAQ:IPGP) reported second-quarter 2026 revenue of $279 million, up 11% from a year earlier and representing its third consecutive quarter of double-digit year-over-year sales growth.
Revenue exceeded the midpoint of the company’s guidance, while bookings improved and book-to-bill remained above one, according to management
CEO Mark Gitin said growth was led by industrial solutions, particularly welding applications tied to battery manufacturing. The company also cited contributions from cleaning and additive manufacturing, while advanced solutions improved sequentially on demand from semiconductor customers. – Coherent gains from the AI chip boom “Growth in both revenue and bookings points to sustained demand for our products across our end markets,” Gitin said. Industrial Growth Led by Battery Welding Industrial solutions revenue increased 16% year over year and 4% sequentially in the second quarter.
CFO Tim Mammen attributed the annual increase to growth in welding, marking, cleaning and additive manufacturing, while the sequential gain was driven primarily by welding and cleaning. – This mid-cap tech stock just jumped 30%…and is still cheap Management said demand in battery manufacturing remained strong across electric-vehicle and stationary-storage applications. Gitin said stationary storage is increasingly being supported by data-center energy requirements associated with artificial intelligence, as well as grid stability needs tied to solar and other renewable-energy sources. The company said its battery-related wins have been supported by its Adjustable Mode Beam lasers, beam-delivery technology and real-time process monitoring capabilities.