<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001508155</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001111928</issuerCik>
      <issuerName>IPG PHOTONICS CORP</issuerName>
      <secFileNumber>001-33155</secFileNumber>
      <issuerAddress>
        <com:street1>377 SIMARANO DRIVE</com:street1>
        <com:city>MARLBOROUGH</com:city>
        <com:stateOrCountry>MA</com:stateOrCountry>
        <com:zipCode>01752</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>5083731100</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Valentin Gapontsev Trust I</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Affiliate</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Stifel Investments</name>
        <address>
          <com:street1>501 N Broadway</com:street1>
          <com:city>St Louis</com:city>
          <com:stateOrCountry>MO</com:stateOrCountry>
          <com:zipCode>63102</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>49500</noOfUnitsSold>
      <aggregateMarketValue>5363820.00</aggregateMarketValue>
      <noOfUnitsOutstanding>47305582</noOfUnitsOutstanding>
      <approxSaleDate>09/08/2023</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>12/17/2010</acquiredDate>
      <natureOfAcquisitionTransaction>Gifted Restricted Stock</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>49500</amountOfSecuritiesAcquired>
      <paymentDate>09/08/2023</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Valentin Gapontsev Trust I U/A DTD 12/17/2010</name>
        <address>
          <com:street1>377 Simarano Drive</com:street1>
          <com:city>Marlborough</com:city>
          <com:stateOrCountry>MO</com:stateOrCountry>
          <com:zipCode>01752</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/06/2023</saleDate>
      <amountOfSecuritiesSold>8250</amountOfSecuritiesSold>
      <grossProceeds>926484.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Valentin Gapontsev Trust I U/A DTD 12/17/2010</name>
        <address>
          <com:street1>377 Simarano Drive,</com:street1>
          <com:city>Marlborough</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01752</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>06/26/2023</saleDate>
      <amountOfSecuritiesSold>8250</amountOfSecuritiesSold>
      <grossProceeds>1083748.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Valentin Gapontsev Trust I U/A DTD 12/17/2010</name>
        <address>
          <com:street1>377 Simarano Drive</com:street1>
          <com:city>Marlborough,</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01752</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>07/10/2023</saleDate>
      <amountOfSecuritiesSold>8250</amountOfSecuritiesSold>
      <grossProceeds>1103805.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Valentin Gapontsev Trust I U/A DTD 12/17/2010</name>
        <address>
          <com:street1>377 Simarano Drive</com:street1>
          <com:city>Marlborough</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01752</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>07/24/2023</saleDate>
      <amountOfSecuritiesSold>8250</amountOfSecuritiesSold>
      <grossProceeds>1076417.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Valentin Gapontsev Trust I U/A DTD 12/17/2010</name>
        <address>
          <com:street1>377 Simarano Drive</com:street1>
          <com:city>Marlborough,</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01752</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>08/08/2023</saleDate>
      <amountOfSecuritiesSold>8250</amountOfSecuritiesSold>
      <grossProceeds>905381.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>alentin Gapontsev Trust I U/A DTD 12/17/2010</name>
        <address>
          <com:street1>377 Simarano Drive</com:street1>
          <com:city>Marlborough</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>01752</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>08/24/2023</saleDate>
      <amountOfSecuritiesSold>8250</amountOfSecuritiesSold>
      <grossProceeds>846635.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>09/01/2023</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>12/15/2022</planAdoptionDate>
      </planAdoptionDates>
      <signature>Valentin Gapontsev Trust I</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
