Stratasys Stock Earnings Reports

Stratasys reported Q1 2026 revenue of $132.7M, down ~2.4% year-over-year. Product and consumables revenue declined modestly (systems $28.8M, consumables $60M), while service revenue (including Stratasys Direct) grew to $43.9M, driven by 23% organic growth at Stratasys Direct after divestments. GAAP gross margin was 41.7% (non-GAAP 46.3%), pressured by ~$2.4M in incremental tariffs and FX headwinds. The company maintained adjusted EBITDA profitability ($2.0M) and generated positive operating cash flow of $2.4M in the quarter; cash and short-term deposits totaled $237.8M and the company is debt-free. GAAP net loss was $23.8M ($0.28/sh), non-GAAP net loss $1.3M ($0.01/sh). Management reiterated full-year 2026 guidance: revenue $565–575M, with sequential growth each quarter and consumables growth versus 2025. Strategic highlights include selection for the U.S. Department of War’s JAMA IV pilot (defense qualification), production-scale engagement across aerospace & defense (thousands of systems and flight-ready/space-flown parts), CE Class IIa certification for TrueDent in Europe (expands dental restorative indications), material and software product extensions (ULTEM 1010 filament for F3300, TUF1 on J3/J5, GrabCAD Print Pro improvements), and continued focus on converting prototyping customers to production/manufacturing use cases. Management emphasizes defense and dental as high-potential verticals, the role of Stratasys Direct as a leading indicator for future system demand, and the intent to pursue inorganic opportunities aligned with high-requirement use cases.