Q2 2026 Stratasys Ltd Earnings Call Transcript

Aug 13, 2026 / 12:30PM GMT

Release Date Price: €7.64 (+0.16%)

Transcript

Key Points

Positve

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.

Negative

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.

Operator

Good day, and welcome to today's conference call to discuss Stratasys' second-quarter 2026 financial results. My name is Rob, and I am your operator for today's call.

And now, I would 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

Stratasys Ltd - 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

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