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 for active Edge members).
Stratasys (SSYS) Q2 CY2026 Highlights:
- 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.
Our Top 5 Analyst Questions From Stratasys’s Q2 Earnings Call
- 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.
Catalysts in Upcoming Quarters
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 there an opportunity in the stock? See for yourself in our full research report (it’s free).
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