IPG Photonics is trading 8.04% down at $63.58, as its Q4 revenue outlook midpoint falls below analyst consensus.
- Q4 revenue guidance is $265–$295 million, with a $280 million midpoint versus $294 million consensus; China battery demand is moderating.
- The drop coincides with a sharp technology and semiconductor selloff amid AI regulation concerns and Qualcomm’s weak handset outlook.
- Bernstein cut its price target to $92 from $122, citing growth moderation.