Stratasys reports Q2 revenue growth, pending Markforged deal

On Thursday, Stratasys (NASDAQ: SSYS ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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View the webcast at Summary Stratasys reported a 3.7% sequential increase in total revenue for the second quarter, with record consumables sales indicating high system utilization and a strategic focus on manufacturing.

The company's aerospace and defense segment experienced strong growth, with a 17% year-over-year increase, driven by demand for depot-level sustainment and spare parts production.

Stratasys announced a pending acquisition of Markforged for $42.5 million, expecting to enhance their offerings in aerospace, defense, and industrial production through continuous carbon fiber technology.

Operational highlights include a multi-year agreement with QuickParts and a significant $7.8 million award from America Makes for advancing additive manufacturing technology.

Financial metrics showed a slight decline in both GAAP and non-GAAP gross margins year-over-year, attributed to currency impacts, but an improvement in non-GAAP operating income and EBITDA compared to the previous quarter.

Despite a net loss, the company remains optimistic, maintaining its full-year revenue guidance, with expectations for positive operating cash flow in the second half of 2026.

Management emphasized strategic shifts towards manufacturing, supported by strong customer engagement, a robust sales pipeline, and future growth in sectors like dental.

Full Transcript OPERATOR (Operator) And I'm your operator for today's call.

Now I'd like to hand the call over to Yona Lloyd, Chief Communications Officer and Vice President of Investor Relations for Stratasys.

Mr.

Lloyd, please go ahead.

Yona Lloyd, Chief Communications Officer and Vice President of Investor Relations 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.

Dr.

Yoav Zeif, CEO Thank you, Yona.

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.