Q2 2026 3D Systems Corp Earnings Call Transcript
Key Points
- Printer sales increased by more than 45% in Q2, led by strong demand for the DMP-350 metal printing system, SLA-825 polymer platform, and NextDent 300 denture printer.
- All four key strategic markets (MedTech, dental, aerospace and defense, and data center infrastructure) delivered strong double-digit growth in the first half of 2026.
- Received one of the largest industrial printer orders in company history for casting patterns used in next-generation reusable rocket engines.
- The NextDent 300 denture printing system is gaining rapid adoption, with over 100 dental labs expected to have printers installed by year-end, creating a recurring, high-margin revenue stream.
- Completed a $60 million annualized cost reduction initiative, contributing to improved profitability and a positive adjusted EBITDA of $1.3 million in the first half of 2026.
- Expanding metal parts production capacity in the US and Europe to meet rising demand, which is expected to improve gross margins and strengthen customer relationships.
- Industrial business revenue declined 3.7% year-over-year in Q2, impacted by the closure of a non-core product offering and lower services revenue on legacy printers.
- Non-GAAP gross margin was 36.7% in Q2, negatively impacted by a higher mix of hardware printer sales and a less favorable materials mix.
- Adjusted EBITDA remained negative at -$800,000 in Q2, and the company guided to another adjusted EBITDA loss in Q3 2026.
- The company is experiencing supply chain constraints, particularly for electrical components, which could limit growth in the denture market.
- Softer demand in consumer-facing and general manufacturing markets, which are more sensitive to pricing and macroeconomic conditions, continues to weigh on overall performance.
- The company announced a CEO transition, creating potential leadership uncertainty during a critical growth phase.
Greetings and welcome to the 3D Systems Q2 2026 Earnings Webcast.
(Operator Instructions) It's now my pleasure to turn the call over to Vice President, Investor Relations, Monica Gould. Monica, please go ahead.
Hello, and welcome to 3D Systems Second Quarter 2026 Earnings Conference Call. With me on today's call are Dr. Jeffrey Graves, President and CEO and Phyllis Nordstrom, Chief Financial Officer. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website.
The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in our
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