SSYS

Stratasys’ second quarter results saw steady sales, with management highlighting a record quarter for consumables—materials used in 3D printers for manufacturing end-use parts. CEO Yoav Zeif pointed to strong momentum in aerospace and defense as a key driver, noting, “A&D is our largest business by far,” and emphasizing recurring demand from customers like the U.S. Air Force for qualified production parts. The company also credited disciplined cost management and operational rigor as supporting factors in the quarter’s performance. Is now the time to buy SSYS? Find out in our full research report (it’s free). Revenue: $137.6 million vs analyst estimates of $138.5 million (flat year on year, 0.6% miss) Adjusted EPS: $0.03 vs analyst estimates of $0.01 ($0.02 beat) Adjusted EBITDA: $5.34 million vs analyst estimates of $4.88 million (3.9% margin, 9.6% beat) The company reconfirmed its revenue guidance for the full year of $570 million at the midpoint Management reiterated its full-year Adjusted EPS guidance of $0.12 at the midpoint EBITDA guidance for the full year is $27.5 million at the midpoint, above analyst estimates of $26.01 million Operating Margin: -9.8%, up from -12% in the same quarter last year Market Capitalization: $753.2 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jackson Schroeder (Craig-Hallum): Asked about the strategic fit of MarkForged and potential revenue impact. CEO Yoav Zeif explained the five-pillar rationale, emphasizing technology, use case alignment, go-to-market synergy, software capabilities, and talent acquisition. Jackson Schroeder (Craig-Hallum): Inquired about the outlook for the dental market. Zeif said, “We are very excited about the dental industry,” and pointed to new solutions and regulatory progress as drivers for future growth. Brian Drab (William Blair): Questioned system sales softness despite manufacturing sector improvement. Zeif acknowledged sales were down year-over-year but maintained that annual growth trends are more important due to large-deal variability and forecasted an uptick in the second half. Brian Drab (William Blair): Sought clarity on the sequential growth in consumables revenue. Zeif confirmed high consumables sales are a positive indicator of manufacturing adoption and a result of large production programs in A&D. No additional analyst questions on the call. In the coming quarters, our analysts will focus on (1) the pace and success of integrating MarkForged and realizing expected revenue synergies, (2) sustained growth in aerospace and defense as new programs scale, and (3) the rollout and adoption of Stratasys’ dental solutions in key markets. Additionally, we will watch for evidence that the company is converting its robust pipeline into large, recurring manufacturing deals. Stratasys currently trades at $8.59, down from $8.84 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 13, 2026 at 8:30 a.m. ET Chief Communications Officer and Vice President of Investor Relations - Yonah Lloyd Chief Executive Officer - Dr. Yoav Zeif Chief Financial Officer - Eitan Zamir Operator: Good day, and welcome to today's Conference Call to discuss Stratasys' Second Quarter 2026 Financial Results. My name is Rob, and I'm your operator for today's call. Now I'd like to hand the call over to Yonah Lloyd, Chief Communications Officer and Vice President of Investor Relations for Stratasys. Mr. Lloyd, please go ahead. Yonah Lloyd: Good morning, everyone, and thank you for joining us to discuss our 2026 second quarter financial results. On the call with us today is our CEO, Dr. Yoav Zeif; and CFO, Eitan Zamir. I would like to remind you that access to today's call, including the slide presentation, is available online at the web address provided in our press release. In addition, a replay of today's call, including access to the slide presentation, will also be available and can be accessed through the Investor Relations section of our website. Please note that some of the information provided during our discussion today will consist of forward-looking statements, including, without limitation, those regarding our expectations as to our future revenue, gross margin, operating expenses, taxes and other future financial performance and our expectations for our business outlook. All statements that speak to future performance, events, expectations or results are forward-looking statements. Actual results or trends could differ materially from our forecast. For risks that could cause actual results to be materially different from those described in forward-looking statements, please refer to the risk factors discussed or referenced in Stratasys' annual report on Form 20-F for the 2025 year. Please also refer to that annual report, along with our reports filed with or furnished to the SEC throughout 2026 for additional operational and financial details. Reports on Form 6-K that are furnished to the SEC on a quarterly basis and throughout the year, provide updated current information regarding the company's operating results and material developments concerning our company. Stratasys assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. As in previous quarters, today's call will include GAAP and non-GAAP financial measures. The non-GAAP financial measures should be read in combination with our GAAP metrics to evaluate our performance. Non-GAAP to GAAP reconciliations are provided in tables in our slide presentation and today's press release. I will now turn the call over to our Chief Executive Officer, Dr. Yoav Zeif. Yoav? Yoav Zeif: Thank you, Yonah. Good morning, everyone, and thank you for joining us. Our second quarter results reflect a record-setting level of consumables sales as we continue to effectively drive recurring revenue from materials that are specifically used for manufacturing end-use parts. This growth in consumables is a great indicator of the high utilization of our systems and speaks directly to our strategy to increase the manufacturing portion of our business. Total revenue grew 3.7% sequentially. Once again, Stratasys Direct had a strong quarter, driven by aerospace and defense customers, reinforcing the trajectory of our production parts division, and our earnings results reflect continued focus on operational rigor and disciplined cost management. As we capitalize on the megatrends that are driving additive manufacturing adoption, aerospace and defense remains a clear proof point. Mission-critical performance requirements and accelerating supply chain resiliency mandates are translating into durable structural demand for our platforms. This reflect a fundamental shift for high-demand manufacturers as they seek localized, flexible production-grade capabilities. Importantly, with both make and buy optionality, Stratasys is proving to be uniquely positioned to capture this potentially seismic shift. Independent industry estimates suggest the additive manufacturing opportunity could double by the end of the decade and double again within a few short years, reinforcing our conviction that we are still early in this transformation. We also took a significant step forward in strengthening that positioning with our pending acquisition of MarkForged, which we expect to close later this year. Adding MarkForged with its continuous carbon fiber technology, materials and software platform will meaningfully augment our offering, particularly in aerospace, defense and industrial production. Speaking of aerospace and defense. In the second quarter, we demonstrated strong momentum. A&D is our largest business by far and a strong ongoing example of our success in manufacturing, growing 17% relative to the second quarter last year. We estimate that we are the leading player in polymer additive manufacturing for A&D. Second quarter results were partially driven by expanding adoption across the U.S. Air Force for deeper level sustainment and spare parts production. Ongoing multiple system investments in our Workhorse F900 system certified by the Air Force for flightworthy production parts are propelling this growth. These orders are not onetime, rather, they are increasing in volume for location across their sustainment enterprise to support established programs of record, turning into large ongoing programs. Once a part is qualified on our platforms, that relationship tends to be long term, given the cost and complexity of requalifying another resource. This durability is a meaningful reason that we view this new demand quotient as structural rather than cyclical. During the quarter, we were proud to have enhanced a strategic relationship with Quickparts, a Seattle-based international on-demand manufacturer with its purchase of 12 Neo 800-plus systems, in addition to its existing 6 units. This is a multiyear, multimillion dollar agreement across materials, software and service. Importantly, the systems will be used for manufacturing production parts in key verticals such as aerospace, defense, advanced mobility and energy. In addition to the systems going to Quickparts Seattle Aerospace Center of Excellence in the U.S., this deal includes a geographical expansion with 3 of the units being placed across its facilities in Europe. Recently, Stratasys was awarded a 2-year program totaling $7.8 million through the 2026 America Mix OIB Modernization Challenge. America Makes is the leading public-private partnership for 3D printing and additive manufacturing technology, managed by the National Center for Defense Manufacturing and Machining. The program's focus is to advance next-generation in-situation monitoring for hardware and software capabilities for both our F900 and a future technology refresh solution with our F3300. This program indicates a long-term DOW strategy that integrates our production platforms. As the Executive Director of America Makes noted, this project will create a stronger foundation for expanding additive manufacturing across production, sustainment and supply chain applications throughout the defense enterprise. It further positions Stratasys as the trusted source for qualified manufacturing, enabling a new business model for reliable production of scalable mission-critical components while supporting long-term parts and platform sustainment requirements across the defense industrial base. Our Stratasys direct parts manufacturing business delivered 12.1% year-over-year growth in the second quarter of 2026 relative to the corresponding quarter in 2025. This was fueled primarily by increasing demand from defense technology companies for drone production, munitions manufacturing and production applications across next-generation platforms. This emerging demand reinforces the growing role of additive manufacturing as a sustainable strategic enabler of defense industrial-based modernization, resilient domestic supply chain and scalable production. Turning to automotive. This quarter, FANUC, one of the world's leading industrial automation companies, adopted our industrial solutions into its supply chain. This reflects another broader trend starting to emerge across manufacturing where automotive OEMs and their suppliers are aligning with common additive manufacturing platforms. That alignment means production tooling and replacement parts only have to be qualified once and then they can be manufactured at any location around the globe. This improves consistency of quality and reduces lead times across their manufacturing ecosystem. Of particular note, the FANUC engagement came at the request of a major automotive OEM customer who have standardized common tools and parts between them. This is another exciting next step in the automotive industry's move towards additive manufacturing at scale. And in another example of how our technology is penetrating the automotive production line, FAW Group, one of the largest Chinese auto OEMs signed an agreement to purchase 12 F900 systems by year-end, with 2 shipped in the second quarter on top of the 5 F900 and 8 other Stratasys systems they already operate. This reflects one of our competitive advantages in high requirement industrial applications relative to Chinese lower-end options locally. Notably, these systems are being used primarily for production of interior end-use parts such as armrest and panels. This is a great example of recurring business that emerges once our customers experience the extreme value Stratasys creates on their production lines. Now I will discuss MarkForged in greater detail. This will be a $42.5 million cash purchase once the usual regulatory steps are clear. Legacy MarkForged generated approximately $70 million of revenue in 2025. We continue our thorough evaluation and review of the business as we focus on ensuring we optimize the combined offering. We expect to realize a rapid return on our investments through new revenue streams and unlocking meaningful synergies, which will result in a better margin and positive contribution to EBITDA within the first year after closing. We believe that building product capacity in target markets such as aerospace and defense, along with production-grade manufacturing more broadly makes great sense. MarkForged's continuous carbon fiber technology addresses a growing opportunity for certain stronger, lighter parts that can replace metal. Additionally, their software platform provides excellent simulation and remote print management. We are confident that the MarkForged acquisition will enhance our growth in A&D. Beyond the technology, we will also be integrating their talent, partners and reseller network, which opens up additional cross-sell opportunities. Put simply, MarkForged will enable us to say yes to more new business faster, especially in aerospace, defense and automotive. Finally, in June, we celebrated the grand opening of our Americas Regional Corporate Headquarters or ARCH, a 200,000 square foot facility in Minnetonka, Minnesota. ARCH brings together engineering, innovative research and development, applications expertise, Stratasys direct and customer collaboration capabilities, all under one roof. This larger, more advanced headquarters will support anticipated growing demand and reinforces our focus on production scale additive manufacturing. We are proud to have received bipartisan congressional support at the opening event, a strong message validating the value lawmakers see in Stratasys technology and in our U.S. operations. And the feedback has been encouraging from those investors that have visited, seeing our technology at work in real-world environment can greatly enhance the appreciation for our strategy. We look forward to hosting more of the investment community in the future. With that, I will turn the call to Eitan to review our financials. Eitan? Eitan Zamir: Thank you, Yoav, and good morning, everyone. Our second quarter results reflect continued execution on our manufacturing focused strategy and deepen customer reliance on our solutions as demonstrated by our highest ever quarterly revenue for consumables and multiple repeat customer sales for aerospace, defense and automotive customers. Let me get into the details. Second quarter consolidated revenue was $137.6 million, up 3.7% sequentially from $132.7 million in the first quarter and roughly flat compared to $138.1 million in the same period last year. System revenue was $26.4 million compared to $30.6 million in the same period last year. Consumable revenue reached a quarterly record $66.3 million compared to $64.2 million in the same period last year, driven by increased sales of manufacturing material, consistent with our strategic focus on production applications. Service revenue, which includes Stratasys Direct parts production was $44.9 million compared to $43.3 million in the same period last year. Within service revenue, customer support revenue was $29.9 million, roughly flat compared to the same period last year, while Stratasys Direct grew 12.1% year-over-year, continuing to contribute positively to our results. Turning to gross margin. GAAP gross margin was 42.3% for the quarter compared to 43.1% in the same period last year. Non-GAAP gross margin was 47.2% for the quarter compared to 47.7% in the same period last year, driven by the adverse impact of the strong Israeli shekel in which many of our expenses are incurred, partially offset by the contribution of higher consumables revenue margins and an improvement from 46.3% last quarter. GAAP operating expenses were $71.7 million compared to $76.1 million during the same period last year. Non-GAAP operating expenses were $64.8 million or 47.1% of revenue, roughly flat compared to 46.9% of revenue in the same period last year, reflecting continued disciplined expense management. Regarding our consolidated earnings. GAAP operating loss for the quarter was $13.5 million compared to a loss of $16.6 million for the same period last year. Non-GAAP operating income for the quarter was $0.1 million compared to $1.1 million for the same period last year. GAAP net loss for the quarter was $16.9 million or $0.19 per diluted share compared to a net loss of $16.7 million or $0.20 per diluted share for the same period last year. Non-GAAP net income for the quarter was $2.3 million or $0.03 per diluted share compared to non-GAAP net income of $2.2 million or $0.03 per diluted share in the same period last year. Adjusted EBITDA was $5.3 million for the quarter compared to $6.1 million in the same period last year and an improvement from $2 million last quarter. Important to note that both non-GAAP operating income and EBITDA increased compared to the same period last year after excluding the $2.9 million adverse impact of the strong Israeli shekel in the quarter. Turning to cash flow. We used $18.7 million in operating cash flow this quarter. The company historically generates positive operating cash flow as reflected in full-year 2024, 2025 and in Q1 2026. The cash usage this quarter was atypically high and was mainly driven by non-routine items, including legal expenses to proactively protect our IP. Importantly, we expect operating cash flow in the second half of the year to be positive. We ended the quarter with $212.5 million in cash, cash equivalents and short-term deposits compared to $237.8 million at the end of the first quarter. Regarding our outlook for 2026, we are reaffirming our full-year guidance other than operating cash flow. We are energized by our strong pipeline of business and robust level of customer engagement and continue to expect sequential growth in revenue across all 4 quarters of the year. Given the first half operating cash flow results, we no longer expect full-year 2026 operating cash flow to be positive. However, as just mentioned, we expect the second half of the year to be positive. Our debt-free balance sheet and healthy cash position give us the added financial flexibility and position of strength to support technology and market development, both organically and inorganically to spur further growth. With that, let me turn the call back over to Yoav for closing remarks. Yoav? Yoav Zeif: Thank you, Eitan. As we look ahead, we do so with confidence in our strategy and in the durability of the megatrends driving additive manufacturing adoption. We are successfully executing on our stated goal to transform our business as we shift the bulk of our business from prototyping to manufacturing. The annual growth of manufacturing-based revenue is supported by the metric we share when we report each year-end. We are making steady progress and as demonstrated by the examples we have shared to-date, this focus on manufacturing will result in a significantly more robust company as we continue to become a larger part of our customers' critical production line infrastructure. The multiunit, multiyear wins we described with large global companies are the result of the increasing enthusiasm and usage of additive manufacturing in production. Customer engagement remains strong. Our pipeline of business is expanding. And while the magnitude of the commitments we are securing tends to carry long sales cycle and add variability quarter-to-quarter, the many opportunities emerging will generate a sales flywheel to propel increased growth in the coming years. Combined with a healthy balance sheet, the foundation and path forward for profitable growth is evident. Our continued momentum in aerospace, defense and automotive, the anticipated impact from our dental business and the ongoing contribution from Stratasys Direct reinforce the structural demand we see across our key verticals as we look to build long-term value. With that, let's open it up for questions. Operator? Operator: [Operator Instructions]. The first question comes from the line of Greg Palm with Craig-Hallum. Jackson Schroeder: This is Jackson Schroeder on for Greg Palm. Just wanted to touch on -- first of all, congrats on the acquisition. I wanted to see -- we're seeing a lot of demand within A&D coming from metals based additive manufacturing. And with this new carbon fiber capability that you have here, I wanted to just see what your outlook is for that business and how it fits in strategically. Then also if you could touch on the $70 million in revenue, what the kind of revenue profile is on that? And if there's anything that you expect to kind of strategically trim or I guess, what you're going to do with that business and how that kind of works in the portfolio. Yoav Zeif: Thank you, Jackson, for the question. It's a very important one in terms of our position in aerospace and defense. So let me take a step back and a few sentences on the deal rationale with MarkForged. There are very clear 5 pillars why we have done it. Number one is the unique continuous carbon fiber technology that they developed over the year. It's by far the leading one. And we believe that together with Stratasys long-term reliability standards and positioning in aerospace and defense, it's a win. This is the first pillar. The second one is about the use cases. They are completely aligned with our use cases. In additive, it's all about applications, and they are completely in line with ours. Our #1 is aerospace and defense and #2 is tooling, in the industrial space, they are focusing on the same, complete alignment with huge synergies, technological synergies. So that's the second one, the use case. The third one is the go-to-market. We have the leading network of partners in the market, and they are #2. And they are not in the same markets because they are in different markets. We are in the more corporate high end, and they are bringing us the shops and medium-level businesses, which is a clear synergy. Then we are talking about software. They developed a unique software, including simulation, but also the ability to manage distributed manufacturing. Together with our leading GrabCAD, it's another win. Add to it is the fifth pillar, the talent that we are receiving. Those are the best engineers in our industry, and they are joining Stratasys, and that will really strengthen our position in the high-end, high requirements. Now to your question, you mentioned metal, continuous carbon fiber can replace metal. It's lighter, it's less expensive. It significantly requires less post processing, which is a huge advantage. And just as a proof point, since we announced the deal and since we are interacting with many aerospace and defense players that now are coming to us, I received 4 requests from large corporates to collaborate with us on helping them adopting continuous carbon fiber and continuous carbon fiber standards because Stratasys knows how to do it as a replacement for metal. So I'm very positive about it, and it looks really promising. Jackson Schroeder: Awesome. Then can you just talk a little bit more about -- you mentioned dental right at the end there. Just what the outlook is on that market and how that's trending? Yoav Zeif: Dental, this is like the secret card that we have in a sense. We are very excited about the dental industry and about our solution with all modesty, we are developing the most innovative solution for removables by far. And you will see it in the market. We have already for the first version FDA in Europe, European approvals. Long-term opportunities are coming every day, we hire the top talent in dental and probably increased cables, and it is transforming the way we are thinking about dental -- sorry, about dental and the way we are going to the market. And most importantly, we get the recognition from the leading customers. So we're already working with labs like Clyde Caldwell and Affordable dentures, which are 2 of the largest dental companies in the U.S. So it's a massive opportunity. Stay tuned. We will come back with what's going on with dental. Operator: Next question is from the line of Brian Drab with William Blair. Brian Drab: I don't know what time it is there exactly. I listened to the call and there's a lot of momentum. There's a lot of exciting things going on. But then I just wanted to hear your thoughts on just the system sales because it seems like the manufacturing environment is improving for a lot of companies, seeing some momentum building this year. But the system sales, I think, were down sequentially. And they really -- we still haven't turned the corner in terms of improved system sales. The system sales are down from last year for a second quarter, and they're even down from 2 years ago in the second quarter, and they're down sequentially from the first quarter, right, whereas historically, Stratasys has seen at least a little bit of improvement, I think, in the second quarter from the first quarter. I know there's a lot of positive things going on, but I'm just wondering when do you think that, that system sales starts to inflect? Yoav Zeif: Thank you, Brian, for the question. And by the way, we are on the same time zone. We are in Minnesota. Great question. I think the most important thing to state now is that we are on track, and we are keeping our guidance of sequential growth quarter-over-quarter. That's the most important thing. Now about systems, this is part of what we are experiencing in the shift to manufacturing. We are according to track, but we have a pipeline, a robust pipeline of large deals and large deals, it's not something that is distributed across the quarter, exactly as you want it. We know our pipeline, it's robust. It consisted of large deals. And it's better to measure our growth trend annually given the fact that we are moving to large deals and to manufacturing. And as a proof point, you can see the 2 large deals that we have done this quarter with 2 leading players. So this is a change in the nature of the business. When you look at the second half of the year, you will see a notable uptick in system sales. Brian Drab: I didn't miss the nice increase sequentially in consumable sales, so that was very impressive. Operator: [Operator Instructions]. At this time, showing no additional questions. I'll turn the floor back to Yoav for any further comments. Yoav Zeif: Maybe one comment before we are concluding. We are moving into manufacturing. We are on the right track in the shift from prototyping to manufacturing. We have many proof points for that, starting with our A&D set of success and demand. The A&D business is coming with large deals. We have a robust pipeline of those large deals. SDM is proving it because we have the highest backlog ever in SDM. And this is our way into this aerospace and defense because we are supplying also capacity. Consumables is another indicator. We are historically in a record high of consumables, mainly because of high-performance materials. Take the SDM, they produced over 12,000 parts for aerospace and defense, mainly drones. They are dealing with the 10 top drones players. And we are going to invest in this capacity in penetration into aerospace and defense, and we have the financial stress. So we are there. We are moving to manufacturing. It will be a different company, and we are happy to share it with the investors. Thank you for joining us. We look forward to update you again next quarter. Operator: Thank you. This will conclude today's conference. You may now disconnect your lines at this time. We thank you for your participation. Before you buy stock in Stratasys, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Stratasys wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $432,621!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,335,314!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 20, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has positions in and recommends Stratasys. The Motley Fool has a disclosure policy. Stratasys (SSYS) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at industrial machinery stocks, starting with Stratasys (NASDAQ:SSYS). Automation that increases efficiency and connected equipment that collects analyzable data have been trending, generating new demand for industrial machinery and components. Companies that innovate and create digitized solutions can spur sales and speed up replacement cycles while those resting on their laurels can see dwindling market positions. Like the broader industrials sector, industrial machinery and components companies are also at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings. The 52 industrial machinery stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 1.8% above. In light of this news, share prices of the companies have held steady as they are up 2% on average since the latest earnings results. Born from the Founder’s idea of making a toy frog with a glue gun, Stratasys (NASDAQ:SSYS) offers 3D printers and related materials, software, and services to many industries. Stratasys reported revenues of $137.6 million, flat year on year. This print fell short of analysts’ expectations by 0.6%, but it was still a very strong quarter for the company with a beat of analysts’ EPS and EBITDA estimates. Interestingly, the stock is up 1.7% since reporting and currently trades at $8.99. Is now the time to buy Stratasys? Access our full analysis of the earnings results here, it’s free. With 19 different brands across the globe, Columbus McKinnon (NASDAQ:CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries. Columbus McKinnon reported revenues of $531.5 million, up 125% year on year, outperforming analysts’ expectations by 5.9%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. Columbus McKinnon scored the fastest revenue growth of the whole group. The market seems happy with the results as the stock is up 31.5% since reporting. It currently trades at $19.23. Is now the time to buy Columbus McKinnon? Access our full analysis of the earnings results here, it’s free. Founded by a steel salesman, Worthington (NYSE:WOR) specializes in steel processing, pressure cylinders, and engineered cabs for commercial markets. Worthington reported revenues of $371.5 million, up 16.9% year on year, falling short of analysts’ expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA and EPS estimates. The stock is flat since the results and currently trades at $58.68. Read our full analysis of Worthington’s results here. Founded by the inventor of stereolithography, 3D Systems (NYSE:DDD) engineers, manufactures, and sells 3D printers and other related products to the aerospace, automotive, healthcare, and consumer goods industries. 3D Systems reported revenues of $94.58 million, flat year on year. This result beat analysts’ expectations by 0.9%. Overall, it was an exceptional quarter as it also produced an impressive beat of analysts’ EBITDA and EPS estimates. The stock is up 30.7% since reporting and currently trades at $3.70. Read our full, actionable report on 3D Systems here, it’s free. With roots dating back to 1912 as the Piston Ring Company, SPX Technologies (NYSE:SPXC) supplies specialized infrastructure equipment for HVAC systems and detection and measurement applications across industrial, commercial, and utility markets. SPX Technologies reported revenues of $679 million, up 22.9% year on year. This print topped analysts’ expectations by 5.8%. It was a stunning quarter as it also recorded a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EBITDA estimates. The stock is up 7.9% since reporting and currently trades at $215. Read our full, actionable report on SPX Technologies here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Stratasys SSYS reported second-quarter 2026 non-GAAP earnings of 3 cents per share, flat year over year. The figure beat the Zacks Consensus Estimate by 200%. Revenues declined 0.4% year over year but grew 3.7% sequentially to $137.61 million. However, it missed the consensus mark by 1.7%. Record consumables revenues supported results, while weaker system sales weighed on the top line. Aerospace and defense revenues increased 17% year over year, reflecting growing adoption of Stratasys’ additive manufacturing platforms for production applications. Product revenues declined 2.2% year over year to $92.7 million. Within products, system revenues fell 13.7% to $26.4 million, reflecting continued variability as the company shifts toward larger manufacturing-oriented deals. Consumables revenues increased 3.3% to a record $66.3 million, driven by manufacturing materials. Stratasys, Ltd. price-consensus-eps-surprise-chart | Stratasys, Ltd. Quote Services revenues rose 3.7% year over year to $44.9 million. Customer support revenues decreased 1% to $29.9 million, while Stratasys Direct recorded 12.1% year-over-year growth. Non-GAAP gross margin contracted 50 basis points year over year to 47.2% from 47.7%. The strong Israeli shekel pressured profitability, partially offsetting the benefit from higher-margin consumables. The margin nevertheless improved from 46.3% in the first quarter.Non-GAAP operating expenses were $64.8 million, or 47.1% of revenues, compared with $64.7 million, or 46.9%, a year earlier. Adjusted EBITDA declined to $5.3 million from $6.1 million. Management said EBITDA would have been $8.2 million excluding the $2.9 million adverse currency impact. Non-GAAP operating income declined 90.9% year over year to $0.1 million from $1.1 million in the year-ago quarter. Aerospace and defense, Stratasys' largest vertical, grew 17% year over year. Management highlighted the expansion of U.S. Air Force adoption of F900 systems for sustainment and the production of flightworthy parts, with orders increasing across larger, ongoing programs.Stratasys also expanded its relationship with Quickparts through an agreement to purchase 12 Neo800+ systems, in addition to six existing units. The company was also awarded a two-year, $7.8 million America Makes program to advance in-situ monitoring capabilities for its F900 and F3300 platforms. Automotive activity included FANUC's adoption of Stratasys industrial solutions and an agreement with FAW Group to purchase 12 F900 systems by year-end. Two of those systems were shipped during the second quarter. FAW already operates five F900 systems and eight other Stratasys systems.The pending Markforged acquisition is expected to broaden Stratasys' production offering with continuous carbon fiber technology, materials and software. The $42.5 million all-cash transaction involves a business that generated roughly $70 million in 2025 revenues. Stratasys expects the deal to close by the end of 2026 and contribute positively to EBITDA within the first year. Stratasys ended June 30, 2026, with $212.5 million in cash, cash equivalents and short-term deposits, down from $237.8 million at the end of the first quarter. The company remained debt-free, providing financial flexibility for technology development and inorganic growth initiatives.Operating activities used $18.7 million of cash during the quarter compared with $1.1 million used a year earlier. Management attributed the elevated cash usage mainly to non-routine items, including legal expenses related to protecting intellectual property. Stratasys reaffirmed its 2026 revenue outlook of $565-$575 million and continues to expect sequential revenue growth through the year. Non-GAAP gross margin is projected to be in the range of 46.7-47.1%, while non-GAAP operating margin is expected to be between 0.7% and 1.5%.The company maintained its non-GAAP earnings guidance of 9-14 cents per share and adjusted EBITDA forecast of $25-$30 million. Capital expenditures are projected to be in the range of $20-$25 million. However, Stratasys no longer expects positive operating cash flow for the full year following first-half cash usage, although it expects operating cash flow to turn positive in the second half of 2026. Currently, Stratasys carries a Zacks Rank #2 (Buy). Caterpillar CAT, Generac Holdings GNRC, and Schneider Electric SBGSY are stocks worth considering in the broader Zacks Industrial Products sector. While Caterpillar and Generac Holdings sport a Zacks Rank #1 (Strong Buy), Schneider Electric currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The long-term earnings growth rates for Caterpillar, Generac Holdings, and Schneider Electric are 21.07%, 12%, and 17.18%, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Stratasys, Ltd. (SSYS) : Free Stock Analysis Report Caterpillar Inc. (CAT) : Free Stock Analysis Report Schneider Electric SE (SBGSY) : Free Stock Analysis Report Generac Holdings Inc. (GNRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record quarterly consumables revenue, signaling high system utilization and a successful strategic transition from prototyping to end-use part manufacturing. Aerospace and Defense (A&D) grew 17% year-over-year, driven by structural demand for flightworthy production parts and supply chain resiliency mandates. The Stratasys Direct business saw 12.1% growth, fueled by emerging demand for drone production and munitions manufacturing for defense technology companies. Secured a strategic partnership with FANUC and a major automotive OEM to standardize additive manufacturing platforms for global production tooling. Management attributes the shift toward large, multi-unit deals to a 'sales flywheel' effect where qualified parts lead to long-term, non-cyclical programs of record. Operational rigor and disciplined cost management helped offset the adverse impact of a strong Israeli shekel on non-GAAP operating income. Reaffirmed full-year 2026 revenue and earnings guidance, anticipating sequential growth across all four quarters of the year. Expects a notable uptick in system sales during the second half of the year as the robust pipeline of large-scale manufacturing deals converts. The pending MarkForged acquisition is projected to provide a positive contribution to EBITDA within the first year after closing. through revenue synergies and cost optimizations. Anticipates positive operating cash flow for the second half of 2026, despite a downward revision for the full year due to non-routine IP litigation expenses. Strategic focus remains on scaling the dental business, specifically targeting the high-volume market for removable dental appliances. Announced the $42.5 million cash acquisition of MarkForged to integrate continuous carbon fiber technology that can replace metal in A&D applications. Reported a $2.9 million adverse impact on earnings due to the strength of the Israeli shekel, which affects the company's expense base. Atypically high cash usage in Q2 was primarily driven by non-routine legal expenses related to proactive intellectual property protection. Opened the 200,000 square foot Americas Regional Corporate Headquarters (ARCH) to consolidate R&D, engineering, and production capabilities. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management highlighted continuous carbon fiber as a lighter, less expensive alternative to metal that requires significantly less post-processing. The deal provides access to a different market segment (medium-level businesses) and advanced software for distributed manufacturing management. Stratasys is targeting the 'removables' market with a solution management claims is the most innovative in the industry. The company has already secured regulatory approvals in the U.S. and Europe and is partnering with major dental labs like Glidewell. Management explained that the shift to manufacturing involves longer sales cycles and larger, more variable deals compared to legacy prototyping sales. They expressed confidence in a second-half recovery based on a robust pipeline of large-scale industrial commitments.

3D printing company Stratasys (NASDAQ:SSYS) missed Wall Street’s revenue expectations in Q2 CY2026, with sales flat year on year at $137.6 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $570 million at the midpoint. Its non-GAAP profit of $0.03 per share was $0.02 above analysts’ consensus estimates. Is now the time to buy Stratasys? Find out in our full research report. Revenue: $137.6 million vs analyst estimates of $138.5 million (flat year on year, 0.6% miss) Adjusted EPS: $0.03 vs analyst estimates of $0.01 ($0.02 beat) Adjusted EBITDA: $5.34 million vs analyst estimates of $4.88 million (3.9% margin, 9.6% beat) The company reconfirmed its revenue guidance for the full year of $570 million at the midpoint Management reiterated its full-year Adjusted EPS guidance of $0.12 at the midpoint EBITDA guidance for the full year is $27.5 million at the midpoint, above analyst estimates of $26.01 million Operating Margin: -9.8%, up from -12% in the same quarter last year Market Capitalization: $767.4 million Born from the Founder’s idea of making a toy frog with a glue gun, Stratasys (NASDAQ:SSYS) offers 3D printers and related materials, software, and services to many industries. A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Unfortunately, Stratasys struggled to consistently increase demand as its $547.3 million of sales for the trailing 12 months was close to its revenue five years ago. This was below our standards and suggests it’s a lower quality business. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Stratasys’s recent performance shows its demand remained suppressed as its revenue has declined by 4.5% annually over the last two years. Stratasys also breaks out the revenue for its most important segments, Products and Services, which are 67.4% and 32.6% of revenue. Over the last two years, Stratasys’s Products revenue (hard goods like 3D printers) averaged 3.1% year-on-year declines while its Services revenue (service contracts, consulting) averaged 2.3% declines. This quarter, Stratasys missed Wall Street’s estimates and reported a rather uninspiring 0.3% year-on-year revenue decline, generating $137.6 million of revenue. Looking ahead, sell-side analysts expect revenue to grow 5.4% over the next 12 months. While this projection suggests its newer products and services will fuel better top-line performance, it is still below average for the sector. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Stratasys’s high expenses have contributed to an average operating margin of negative 12.7% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It’s hard to trust that the business can endure a full cycle. Analyzing the trend in its profitability, Stratasys’s operating margin decreased by 2.9 percentage points over the last five years. Stratasys’s performance was poor no matter how you look at it - it shows that costs were rising and it couldn’t pass them onto its customers. Stratasys’s operating margin was negative 9.8% this quarter. The company’s consistent lack of profits raises a flag. Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions. Stratasys’s full-year EPS grew at a spectacular 16.4% compounded annual growth rate over the last four years, better than the broader industrials sector. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. Stratasys’s EPS grew at an astounding 12,590,738,833% compounded annual growth rate over the last two years, higher than its 4.5% annualized revenue declines. This tells us management adapted its cost structure in response to a challenging demand environment. Diving into Stratasys’s quality of earnings can give us a better understanding of its performance. Stratasys’s operating margin has expanded over the last two years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don’t tell us as much about a company’s fundamentals. In Q2, Stratasys reported adjusted EPS of $0.03, in line with the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Stratasys’s full-year EPS to grow 40.9% from $0.11 to $0.16. It was good to see Stratasys beat analysts’ EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. On the other hand, its revenue slightly missed. Zooming out, we think this was a good print with some key areas of upside. The stock traded up 2.4% to $9.06 immediately following the results. Stratasys put up rock-solid earnings, but one quarter doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free.

Interested in Stratasys, Ltd.? Here are five stocks we like better. Q2 revenue was $137.6 million, up 3.7% sequentially but essentially flat year over year. Record consumables sales and 12.1% growth in Stratasys Direct offset a decline in system revenue. Management highlighted expanding manufacturing demand, particularly in aerospace, defense and automotive, including major orders from Quickparts and FAW Group. Stratasys expects a notable increase in system sales during the second half of 2026. Stratasys expects to close its $42.5 million Markforged acquisition later this year, adding carbon-fiber technology and software capabilities. The company reaffirmed most 2026 guidance but withdrew its expectation for positive full-year operating cash flow. Stratasys Remains the Belle of the 3D Printing Ball Stratasys (NASDAQ:SSYS) reported second-quarter 2026 revenue of $137.6 million, up 3.7% sequentially but roughly flat from $138.1 million a year earlier, as record consumables sales and growth in its Stratasys Direct production-parts business offset lower system revenue. Chief Executive Officer Yoav Zeif said the quarter reflected the company’s strategy to shift more of its business from prototyping toward manufacturing applications. He highlighted demand from aerospace and defense customers, increasing use of manufacturing materials, and multi-system customer commitments as evidence of what he described as more durable, structural demand for additive manufacturing. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Will Stratasys Continue to be a Runaway Bride? Consumables revenue rose to a quarterly record of $66.3 million from $64.2 million in the prior-year quarter. Chief Financial Officer Eitan Zamir said the increase was driven by sales of manufacturing materials and reflected higher system utilization for production applications. Service revenue increased to $44.9 million from $43.3 million a year earlier. Customer support revenue was approximately flat at $29.9 million, while Stratasys Direct, the company’s parts-production business, grew 12.1% year over year. → Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Nano Dimension Prints Growth: Enters Hypergrowth Phase System revenue, however, declined to $26.4 million from $30.6 million in the second quarter of 2025. During the question-and-answer session, Zeif said the company is pursuing larger manufacturing-oriented transactions that can create quarter-to-quarter variability. He said Stratasys expects a “notable uptick” in system sales in the second half of 2026 and continues to expect sequential revenue growth across all four quarters of the year. Zeif also said Stratasys Direct had its highest-ever backlog and produces more than 12,000 parts for aerospace and defense customers, primarily for drone applications. → On Holding's Price Stumble May Be an Opening for a Company Built to Run Aerospace and defense, Stratasys’ largest business, grew 17% from the second quarter of 2025, according to Zeif. The company attributed part of that expansion to adoption by the U.S. Air Force for depot-level sustainment and spare-parts production using its F900 systems, which are certified by the Air Force for flight-worthy production parts. During the quarter, Stratasys was awarded a two-year, $7.8 million program through the 2026 America Makes DIB Modernization Challenge. The program is intended to advance in-situ monitoring hardware and software capabilities for the F900 and a future technology refresh involving the F3300 platform. The company also expanded its relationship with Seattle-based on-demand manufacturer Quickparts, which purchased 12 Neo800+ systems in addition to six units it already operates. Zeif described the multi-year, multimillion-dollar agreement as including materials, software and service. The systems will be used to manufacture production parts for aerospace, defense, advanced mobility and energy applications, including three units that will be deployed at Quickparts facilities in Europe. In automotive, Zeif said FANUC adopted Stratasys industrial solutions in its supply chain following a request from a major automotive original equipment manufacturer. He said the arrangement reflects an industry trend toward standardizing additive manufacturing platforms across OEMs and suppliers. FAW Group also agreed to purchase 12 F900 systems by year-end, with two shipped during the second quarter. The Chinese automotive manufacturer already operates five F900 systems and eight other Stratasys systems, according to Zeif. The additional systems are intended primarily to produce interior end-use parts, including armrests and panels. Stratasys expects to complete its pending $42.5 million cash acquisition of Markforged later in 2026, subject to customary regulatory steps. Zeif said Markforged generated approximately $70 million in revenue in 2025. The acquisition is intended to add continuous carbon-fiber technology, materials and software capabilities to Stratasys’ portfolio. Zeif said the technology can support stronger and lighter parts that may replace metal in certain uses while requiring less post-processing. He also pointed to Markforged’s simulation and distributed print-management software, partner network and engineering talent as areas of strategic value. Stratasys expects the transaction to create new revenue streams and generate synergies that improve margins, with a positive contribution to adjusted EBITDA within the first year after closing, according to management. Zeif also discussed the company’s dental opportunity, saying Stratasys has received European approvals for an initial version of its removable dental solution and is working with dental labs including Glidewell and Affordable Dentures. He did not provide financial projections for the business. GAAP gross margin was 42.3%, compared with 43.1% a year earlier, while non-GAAP gross margin was 47.2%, compared with 47.7%. Zamir said the stronger Israeli shekel, in which the company incurs many expenses, adversely affected margins, though higher-margin consumables revenue partially offset the impact. GAAP operating expenses declined to $71.7 million from $76.1 million in the prior-year period. The company reported a GAAP operating loss of $13.5 million, an improvement from a $16.6 million loss a year earlier. Non-GAAP operating income was $0.1 million, compared with $1.1 million in the prior-year quarter. Stratasys recorded a GAAP net loss of $16.9 million, or $0.19 per diluted share, compared with a loss of $16.7 million, or $0.20 per diluted share, a year earlier. Non-GAAP net income was $2.3 million, or $0.03 per diluted share, compared with $2.2 million, or $0.03 per diluted share, in the comparable period. Adjusted EBITDA was $5.3 million, improving from $2 million in the first quarter but below $6.1 million a year earlier. Zamir said adjusted results would have been higher year over year excluding a $2.9 million adverse currency impact. The company used $18.7 million in operating cash flow during the quarter, citing non-routine items including legal expenses to protect intellectual property. Stratasys ended the period with $212.5 million in cash equivalents and short-term deposits, down from $237.8 million at the end of the first quarter. Management reaffirmed its 2026 guidance except for operating cash flow. The company no longer expects positive operating cash flow for the full year, though it expects operating cash flow to be positive in the second half. Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production. The company's product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Stratasys Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Revenue of $137.6 million, compared to $138.1 million in the prior year period; up 3.7% sequentially from $132.7 million in the first quarter 2026 Record consumables quarterly revenue of $66.3 million Revenue grew 17% in the largest vertical, Aerospace and Defense, compared to the prior year GAAP net loss of $16.9 million, or ($0.19) per diluted share, and non-GAAP net income of $2.3 million, or $0.03 per diluted share Adjusted EBITDA of $5.3 million, compared to $6.1 million in the prior year period. Adjusted EBITDA would have been $8.2 million excluding the net impact of $2.9 million related to the strong shekel currency Cash used in operations of $18.7 million primarily due to atypical non-routine items; Expects operating cash flow to be positive second half 2026 $212.5 million in cash, equivalents and short-term deposits and no debt at June 30, 2026 Reaffirms full-year 2026 outlook other than full-year operating cash flow MINNETONKA, Minn. & REHOVOT, Israel, August 13, 2026--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS), ("Stratasys" or the "Company"), a leader in polymer 3D printing solutions, today announced its financial results for the second quarter ended June 30, 2026. "Consumables reached a record level this quarter, driven by manufacturing materials, underscoring the continued strength of our strategy to grow the manufacturing portion of our business," said Dr. Yoav Zeif, CEO of Stratasys. "Aerospace and defense (A&D) revenue grew 17% year-over-year, reinforcing the increasing level of adoption in our largest and highest-value vertical. We are also excited by our pending acquisition of MarkForged, which will meaningfully enhance our industrial offering through its continuous carbon fiber technology, materials, and software platform. Our pipeline of new A&D orders continues to build as expected, positioning us to achieve sequential growth. With a debt-free balance sheet, we are poised to keep investing in our strategy from a position of financial strength." Summary - Second Quarter 2026 Financial Results Compared to Second Quarter 2025: Revenue of $137.6 million compared to $138.1 million, an increase of 3.7% sequentially from $132.7 million in the first quarter of 2026. GAAP gross margin of 42.3%, compared to 43.1%. Non-GAAP gross margin of 47.2%, compared to 47.7%. GAAP operating loss of $13.5 million, compared to GAAP operating loss of $16.6 million. Non-GAAP operating income of $0.1 million, compared to $1.1 million. GAAP net loss of $16.9 million, or ($0.19) per diluted share, compared to net loss of $16.7 million, or ($0.20) per diluted share. Non-GAAP net income of $2.3 million, or $0.03 per diluted share, compared to $2.2 million, or $0.03 per diluted share. Adjusted EBITDA of $5.3 million, compared to $6.1 million. Cash used in operations of $18.7 million, compared to $1.1 million. Financial Outlook: Based on the strength of its pipeline of opportunities, the Company is reaffirming its outlook for full year 2026, while modifying its expectations regarding operating cash flow for the year. Due to increased cash usage in the first half of 2026, operating cash flow will not be positive for the full year (as had been stated in the Company’s initial outlook for the year), although operating cash flow is expected to be positive for the second half of the year. This updated outlook is based on current market conditions and assumes that the impacts of global inflationary pressures, relatively high interest rates, tariffs, exchange rates and other supply chain costs do not further impede economic activity. The specific metrics include: Full year revenue growing to a range of $565 million to $575 million, improving sequentially through the year. Based on current logistics and materials costs, full year non-GAAP gross margins of 46.7% to 47.1%, including approximately $7 million of adverse impact from tariffs and foreign exchange rates relative to 2025. Full year non-GAAP operating expenses ranging from $260 million to $262 million, including approximately $10 million of adverse impact from changes in foreign exchange rates. Full year non-GAAP operating margins in a range of 0.7% to 1.5%. GAAP net loss of $83 million to $67 million, or ($0.95) to ($0.76) per diluted share. Non-GAAP net income of $8 million to $12.5 million, or $0.09 to $0.14 per diluted share. Adjusted EBITDA of $25 million to $30 million, with Adjusted EBITDA margin of 4.5% to 5.0%. Capital expenditures of $20 million to $25 million. Appropriate reconciliations between historical GAAP and non-GAAP financial measures, as well as between the GAAP and non-GAAP financial measures included in our updated financial outlook for 2026, are provided in the tables at the end of this press release and slide presentation, with itemized detail concerning the non-GAAP financial measures. We have not included, however, guidance for 2026 for GAAP gross margin or GAAP operating expenses, or a reconciliation of our guidance for 2026 for non-GAAP gross margins or non-GAAP operating expenses to the most directly comparable GAAP financial measures (i.e., GAAP gross margin and GAAP operating expenses, respectively), as the information needed to provide that GAAP guidance and that reconciliation is not available to us without unreasonable effort or with reasonable certainty from a quantitative perspective. We expect that the foregoing missing information related to our outlook on a GAAP basis for 2026 is likely to result in significant changes relative to our non-GAAP outlook in respect of the subject financial measures. Stratasys Ltd. Second Quarter 2026 Webcast and Conference Call Details The Company plans to webcast its conference call to discuss its second quarter 2026 financial results on Thursday, August 13, 2026, at 8:30 AM ET. The investor conference call will be available via live webcast on the Stratasys Web site at investors.stratasys.com, or directly at the following web address: https://event.choruscall.com/mediaframe/webcast.html?webcastid=7X5Fi2A6 To participate by telephone, the U.S. toll-free number is 877-407-0619 and the international dial-in is +1-412-902-1012. Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for six months at investors.stratasys.com, or by accessing the above-provided web address. Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care. To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings. Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners. Cautionary Statement Regarding Forward-Looking Statements The statements in this press release regarding Stratasys' strategy, and the statements regarding its projected future financial performance, including the financial guidance concerning its expected results for 2026 and beyond, are forward-looking statements reflecting management's current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys' business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the extent of our success at introducing new or improved products and solutions that gain market share; the extent of growth of the 3D printing market generally; the global macro-economic environment, including the impact of increased and/or reciprocal import tariffs that have been imposed by the U.S. and other countries, and of higher energy costs due to the U.S.-Iranian conflict; global trends involving inflation, interest rates, economic activity and currency exchange rates, and their impact on the additive manufacturing industry, our company and our customers, in particular; changes in our overall strategy, including as related to any restructuring activities and our capital expenditures; the impact of potential shifts in the prices or margins of the products that we sell or services that we provide, including due to a shift towards lower margin products or services; the impact of competition and new technologies; potential further charges against earnings that we could be required to take due to impairment of additional goodwill or other intangible assets; the extent of our success at successfully consummating and integrating into our existing business acquisitions or investments in new businesses, technologies, products or services; the potential adverse impact of global interruptions and delays involving freight carriers and other third parties on our supply chain and distribution network; global market, political and economic conditions, and in the countries in which we operate in particular; potential adverse effects of Israel’s wars against Iran and its sponsored terrorist organizations Hamas, Hezbollah, and, intermittently, the Houthi terrorist group in Yemen; costs and potential liability relating to litigation and regulatory proceedings; risks related to infringement of our intellectual property rights by others or infringement of others' intellectual property rights by us; the extent of our success at maintaining our liquidity and financing our operations and capital needs; the impact of tax regulations on our results of operations and financial condition; and those additional factors referred to in Item 3.D "Key Information - Risk Factors", Item 4, "Information on the Company", Item 5, "Operating and Financial Review and Prospects," and all other parts of our Annual Report on Form 20-F for the year ended December 31, 2025, which we filed with the U.S. Securities and Exchange Commission, or SEC, on March 5, 2026 (the "2025 Annual Report"). Readers are urged to carefully review and consider the various disclosures made throughout our 2025 Annual Report and the Reports of Foreign Private Issuer on Form 6-K that attach Stratasys’ unaudited, condensed consolidated financial statements and its review of its results of operations and financial condition, for the quarterly periods throughout 2026, which have been or will be furnished to the SEC throughout 2026, and our other reports filed with or furnished to the SEC, which are designed to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and prospects. Any guidance provided, and other forward-looking statements made, in this press release are provided or made (as applicable) as of the date hereof, and Stratasys undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Use of Non-GAAP Financial Measures The non-GAAP data included herein, including, but not limited to, data for non-GAAP gross margins, non-GAAP operating loss, non-GAAP operating margins, non-GAAP net income, and Adjusted EBITDA, which non-GAAP data excludes certain items, as detailed in the reconciliation tables herein (except for such data related to our outlook for 2026 for which we are unable to provide data for the excluded items), are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for investors and shareholders of our company in gauging our results of operations. Our management utilizes these non-GAAP measures to enable us to assess our financial results (i) on an ongoing basis after excluding mergers, acquisitions and divestments related expense or gains and reorganization-related charges or gains and legal provisions, (ii) excluding non-cash items such as share-based compensation expenses, acquired intangible assets amortization, including intangible assets amortization related to equity method investments, impairment of long-lived assets and goodwill, revaluation of our investments and the corresponding tax effect of those items, (iii) for certain non-GAAP measures, after eliminating the impact of changes attributable to currency exchange rate fluctuations, and (iv) after excluding changes in revenues solely attributable to divestitures of former subsidiary companies. The items eliminated as part of our calculation of our non-GAAP financial measures either do not reflect actual cash outlays that impact our liquidity and our financial condition or have a non-recurring impact on the statement of operations, as assessed by management. Our non-GAAP financial measures are presented to permit investors to more fully understand how management assesses our performance for internal planning and forecasting purposes. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of our results of operations without including all items indicated above during a reporting period, which may not provide a comparable view of our performance relative to other companies in our industry. Investors and other readers should consider non-GAAP measures only as supplements to, not as substitutes for or as superior measures to, the measures of financial performance prepared in accordance with GAAP. Reconciliation between results, and between certain items for our outlook for 2026, on a GAAP and non-GAAP basis is provided in the tables below. View source version on businesswire.com: https://www.businesswire.com/news/home/20260813768210/en/ Contacts Yonah LloydCCO & VP Investor [email protected]

Stratasys (SSYS) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +200.00%. A quarter ago, it was expected that this maker of 3D printers would post a loss of $0.02 per share when it actually produced a loss of $0.01, delivering a surprise of +50%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Stratasys, which belongs to the Zacks Commercial Printing industry, posted revenues of $137.61 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.56%. This compares to year-ago revenues of $138.09 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Stratasys shares have added about 1.8% since the beginning of the year versus the S&P 500's gain of 13.2%. While Stratasys has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Stratasys was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $143.74 million in revenues for the coming quarter and $0.13 on $567.28 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Commercial Printing is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Industrial Products sector, Lakeland Industries (LAKE), is yet to report results for the quarter ended July 2026. This safety garments manufacturer is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of -105.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Lakeland Industries' revenues are expected to be $48.5 million, down 7.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Stratasys, Ltd. (SSYS) : Free Stock Analysis Report Lakeland Industries, Inc. (LAKE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Revenue: $137.6 million, up 3.7% sequentially from $132.7 million in Q1 and roughly flat compared to $138.1 million in the same period last year. System Revenue: $26.4 million, compared to $30.6 million in the same period last year. Consumable Revenue: Reached a quarterly record of $66.3 million, compared to $64.2 million in the same period last year. Service Revenue: $44.9 million, compared to $43.3 million in the same period last year. Customer Support Revenue: $29.9 million, roughly flat compared to the same period last year. Stratasys Direct Revenue: Grew 12.1% year over year. GAAP Gross Margin: 42.3%, compared to 43.1% in the same period last year. Non-GAAP Gross Margin: 47.2%, compared to 47.7% in the same period last year. GAAP Operating Expenses: $71.7 million, compared to $76.1 million during the same period last year. Non-GAAP Operating Expenses: $64.8 million, or 47.1% of revenue, roughly flat compared to 46.9% of revenue in the same period last year. GAAP Operating Loss: $13.5 million, compared to a loss of $16.6 million for the same period last year. Non-GAAP Operating Income: $0.1 million, compared to $1.1 million for the same period last year. GAAP Net Loss: $16.9 million, or $0.19 per diluted share, compared to a net loss of $16.7 million, or $0.20 per diluted share for the same period last year. Non-GAAP Net Income: $2.3 million, or $0.03 per diluted share, compared to non-GAAP net income of $2.2 million, or $0.03 per diluted share in the same period last year. Adjusted EBITDA: $5.3 million for the quarter, compared to $6.1 million in the same period last year. Operating Cash Flow: Used $18.7 million in operating cash flow this quarter. Cash Position: Ended the quarter with $212.5 million in cash, cash equivalents, and short-term deposits, compared to $237.8 million at the end of the first quarter. Warning! GuruFocus has detected 3 Warning Signs with SSYS. Is SSYS fairly valued? Test your thesis with our free DCF calculator. Release Date: August 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record-setting consumables revenue of $66.3 million, driven by increased manufacturing material sales and high system utilization. Aerospace and defense revenue grew 17% year-over-year, with Stratasys Direct up 12.1%, fueled by drone and munitions production demand. Strategic wins include a 12-unit Neo800+ order from Quickparts and a 12-system F900 purchase agreement with FAW Group, expanding production capacity. Pending Markforged acquisition is expected to enhance A&D offerings with continuous carbon fiber technology and software, with synergies contributing positively to EBITDA within the first year. Strong balance sheet with $212.5 million in cash and no debt, providing financial flexibility for growth initiatives. System revenue declined to $26.4 million from $30.6 million year-over-year, reflecting a continued weakness in system sales. Non-GAAP operating income fell to $0.1 million from $1.1 million year-over-year, impacted by a strong Israeli shekel. Operating cash flow was negative at -$18.7 million due to non-routine legal expenses, leading to a revised full-year outlook for negative operating cash flow. GAAP net loss widened to $16.9 million, with a GAAP loss per share of $0.19, indicating ongoing profitability challenges. Gross margin contracted to 47.2% from 47.7% year-over-year, pressured by currency headwinds despite consumables growth. Q: Can you discuss the strategic rationale for the Markforged acquisition, the revenue profile of that business, and how the continuous carbon fiber technology fits into Stratasys' portfolio?A: Yoav Zeif (CEO) outlined five key pillars for the deal: Markforged's leading continuous carbon fiber technology, complete alignment in target use cases (aerospace/defense and industrial tooling), complementary go-to-market strategies (Stratasys in high-end corporate, Markforged in shops and medium-level businesses), a unique software platform that complements GrabCAD, and the addition of top engineering talent. He noted that continuous carbon fiber can replace metal as it is lighter, less expensive, and requires less post-processing. Since announcing the deal, he has already received four requests from large corporates to collaborate on adopting continuous carbon fiber as a metal replacement, making the outlook very promising. Q: System sales were down sequentially and year-over-year. When do you expect system sales to inflect given the improving manufacturing environment?A: Yoav Zeif (CEO) stated that the company is on track with its guidance of sequential growth quarter over quarter. He explained that the shift to manufacturing involves large deals, which are not distributed evenly across quarters. The pipeline is robust and consists of large deals, so it is better to measure growth on an annual trend basis. He pointed to two large deals completed in the quarter as proof points and explicitly stated that the second half of the year will see a notable uptick in system sales. Q: What is the outlook for the dental business and how is that market trending?A: Yoav Zeif (CEO) described dental as a "secret card" for the company. They are developing what they believe is the most innovative solution for removables, having already received FDA and European approvals for the first version. They have hired top talent, including Chris Kabot, and are working with leading labs like Glidewell and Affordable Dentures, two of the largest dental companies in the US. He indicated this is a massive opportunity and that the company will provide more updates in the future. Q: Can you provide more detail on the record consumables sales and what is driving this growth?A: Eitan Zamir (CFO) reported that consumable revenue reached a quarterly record of $66.3 million, up from $64.2 million in the same period last year. This growth was driven by increased sales of manufacturing materials, consistent with the company's strategic focus on production applications. Yoav Zeif (CEO) added that the record-high consumables are mainly due to high-performance materials, and noted that Stratasys Direct alone produces over 12,000 parts for aerospace and defense, primarily for drones, dealing with the top 10 drone players. Q: Can you elaborate on the momentum in the aerospace and defense (A&D) sector and the recent wins?A: Yoav Zeif (CEO) highlighted that A&D is the company's largest business, growing 17% year-over-year, and they estimate they are the leading player in polymer additive manufacturing for this sector. Growth was driven by expanding adoption across the US Air Force for depot-level sustainment and spare parts production, with multiple system investments in the F900 platform. He emphasized these are not one-time orders but large, ongoing programs that are increasing in volume, noting that once a part is qualified, the relationship tends to be long-term due to the cost and complexity of re-qualification. Stratasys Direct also grew 12.1% year-over-year, fueled by demand from defense technology companies for drone production and munitions manufacturing. Q: What is the significance of the Quickparts deal and the FAW Group agreement?A: Yoav Zeif (CEO) detailed that Quickparts, an international on-demand manufacturer, purchased 12 Neo800+ systems in addition to its existing six units, in a multi-year, multimillion-dollar agreement. The systems will be used for manufacturing production parts in aerospace, defense, advanced mobility, and energy, with three units placed in Europe. Regarding FAW Group, one of the largest Chinese auto OEMs, they signed an agreement to purchase 12 F900 systems by year-end, with two shipped in Q2. These systems are being used primarily for production of interior end-use parts like armrests and panels, demonstrating a competitive advantage over lower-end local Chinese options. Q: Can you explain the impact of the Israeli shekel on gross margins and the overall financial performance?A: Eitan Zamir (CFO) explained that non-GAAP gross margin was 47.2% for the quarter, compared to 47.7% in the same period last year. The decline was driven by the adverse impact of the strong Israeli shekel, in which many expenses are incurred, partially offset by higher consumables revenue margins. He noted that both non-GAAP operating income and EBITDA increased compared to the same period last year after excluding the $2.9 million adverse impact of the strong shekel in the quarter. Q: Why was operating cash flow negative in the quarter, and what is the outlook for the rest of the year?A: Eitan Zamir (CFO) stated that the company used $18.7 million in operating cash flow in Q2, which was atypically high and mainly driven by non-routine items, including legal expenses to proactively protect IP. He emphasized that the company historically generates positive operating cash flow, as reflected in full years 2024, 2025, and Q1 2026. Importantly, he expects operating cash flow in the second half of the year to be positive. However, given the first-half results, the company no longer expects full-year 2026 operating cash flow to be positive, though they are reaffirming all other full-year guidance. Q: What is the significance of the America Makes award and how does it position Stratasys in the defense sector?A: Yoav Zeif (CEO) announced that Stratasys was awarded a two-year program totaling $7.8 million through the 2026 America Makes OIB Modernization Challenge. The program focuses on advancing next-generation in-situ monitoring for hardware and software capabilities for both the F900 and the future F3300 platform. He noted this indicates a long-term DoD strategy that integrates their production platforms and further positions Stratasys as the trusted source for qualified manufacturing, enabling a new business model for reliable production of scalable mission-critical components across the defense industrial base. Q: How is the FANUC adoption significant for Stratasys in the automotive sector?A: Yoav Zeif (CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript.