IPG Photonics Corporation provided earnings guidance for the fourth quarter of 2022. For the fourth quarter of 2022, IPG expects revenue of $300 to $330 million. IPG anticipates delivering earnings per diluted share in the range of $0.70 to $1.00.

The fourth quarter guidance range is reduced by approximately $28 million due to foreign currency headwinds that are related to the current strength of the U.S. dollar as compared to the fourth quarter of 2021.