Stratasys, Ltd. · NASDAQ:SSYS
Stratasys — Q2 2026 Earnings Presentation
21 slides from Stratasys's earnings presentation, Aug 13, 2026
Slide 1: Q2 2026 Results
Q2 2026 Results Speakers Dr. Yoav Zeif, CEO Eitan Zamir, CFO Yonah Lloyd, CCO & VP IR August 13, 2026 Make additive work for you
Slide 2: Conference Call and Webcast Link
Conference Call and Webcast Link US Toll-Free Dial-In 1-877-407-0619 International Dial-In +1-412-902-1012 Live Webcast and Replay Make Make additive additive work work for for you you
Slide 3: Forward-Looking Statements
Forward-Looking Statements Cautionary Statement Regarding Forward-Looking Statements The statements in this slide presentation regarding Stratasys' strategy and its projected future financial performance, including the financial guidance concerning its expected results for 2026, are forward-looking
Slide 4: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information Use of Non-GAAP Financial Measures The non-GAAP data included herein, but not limited, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for inv
Slide 5: Dr. Yoav Zeif, CEO
Dr. Yoav Zeif CEO • Record level consumables sales • Revenue grew 3.7 percent sequentially • Operational rigor and disciplined cost management • A&D Mission-critical requirements translating into durable, structural demand • Markforged acquisition to meaningfully augment Stratasys offering Make addi
Slide 6: Aerospace & Defense – Q2 Revenue +17% YoY in our Largest Business
Aerospace & Defense – Q2 Revenue +17% YoY in our Largest Business US Air Force Momentum Quickparts Agreement America Makes Win ▪ Strong momentum driven by expanding ▪ Expanded relationship with international ▪ Awarded a two-year, $7.8M program from USAF adoption, led by multiple-system on-demand man
Slide 7: Automotive
Automotive FANUC Adoption FAW Group Agreement ▪ FANUC, a leading industrial automation ▪ FAW Group, one of the largest Chinese auto company, adopted Stratasys industrial OEMs, will purchase twelve F900 systems by solutions — reflecting a broader trend of year-end (two shipped in Q2), on top of five
Slide 8: Markforged Acquisition
Markforged Acquisition Markforged is a full solution OEM Manufacturer of Fused Filament Fabrication (FFF) technology Transaction Highlights • Provides hardware, materials, and software solutions to a broad range of • Adds differentiated capabilities to Stratasys with continuous carbon fiber industri
Slide 9: ARCH – 200,000 Sq. Foot Facility to Support Growing Demand
ARCH – 200,000 Sq. Foot Facility to Support Growing Demand ARCH – New Americas Regional Corporate Headquarters ▪ Grand opening of ARCH, a 200,000 square foot facility in Minnetonka, Minnesota ▪ ARCH brings together engineering, innovative research and development, applications expertise, Stratasys D
Slide 10: Eitan Zamir, CFO
Eitan Zamir CFO Second Quarter Results Reflect: ▪ Continued execution on our manufacturing-focused strategy ▪ Deepened customer reliance on our solutions, as demonstrated by highest-ever revenue for consumables ▪ Multiple repeat-customer sales for aerospace, defense and automotive customers
Slide 11: Q2 2026 Revenue
Q2 2026 Revenue Quarterly Trend Revenues – Q2’26 Product Service Revenue Y/Y 138.1 137.0 140.0 137.6 132.7 Product - $92.7M -2.2% 43.3 42.9 42.4 44.9 43.9 ▪ Systems - $26.4M -13.7% ▪ Consumables - $66.3M 3.3% 94.8 94.1 97.6 88.8 92.7 Services - $44.9M 3.7% ▪ Customer Support - $29.9M -1.0% Q2'25 Q3'
Slide 12: Q2 2026 Gross Margins
Q2 2026 Gross Margins GAAP Non-GAAP Products Gross Margin Total Gross Margin Services Gross Margin 54.3% 54.8% 53.8% 52.4% 48.7% 50.2% 47.5% 47.7% 47.0% 48.2% 47.2% 46.3% 46.3% 43.1% 45.3% 41.0% 37.7% 42.3% 41.7% 37.4% 36.8% 33.1% 31.0% 31.4% 30.8% 34.5% 29.7% 27.6% 30.1% 30.1% Q2-25 Q3-25 Q4-25 Q1-
Slide 13: Q2 2026 Operating Expenses
Q2 2026 Operating Expenses GAAP Non-GAAP Operating Expenses Operating Expenses (absolute and as a percentage of revenues) (absolute and as a percentage of revenues) 55.1% 52.1% 46.9% 47.1% 76.1 64.7 64.8 71.7 Q2'25 Q2'26 Q2'25 Q2'26 Note: $ in millions unless noted otherwise. All numbers and percent
Slide 14: Q2 2026 Operating, Net and EBITDA
Q2 2026 Operating, Net and EBITDA Non-GAAP Operating Income GAAP Operating Loss 0.8% in Q2’25 vs 0.1% in Q2’26 out of total revenue 1.1 0.1 Q2’25 Q2’26 (16.6) (13.5) Q2’25 Q2’26 Non-GAAP Net Income EPS diluted $0.03 in Q2’25 vs $0.03 in Q2’26 2.2 2.3 GAAP Net Loss EPS diluted ($0.20) in Q2’25 vs ($0
Slide 15: Strong Balance Sheet – $212.5M Cash, Equivalents and No Debt
Strong Balance Sheet – $212.5M Cash, Equivalents and No Debt Cash Flow from Operating Activities Balance Sheet Items Q2-25 Q4-25 Q2-26 Cash and Cash Equivalents and Short- 254.6 244.5 212.5 term deposits (1.1) Accounts Receivable 157.9 160.5 160.4 Inventories 164.6 145.2 143.9 (18.7) Net Working Cap
Slide 16: 2026 Full-Year Outlook
2026 Full-Year Outlook $565M – $575M 46.7% – 47.1% $260M – $262M Non-GAAP Non-GAAP Revenues Gross Margins Operating Expenses Includes ~$7M adverse impact from FX & Tariffs Includes ~$10M adverse impact from FX $8M – $12.5M 0.7% – 1.5% $25M – $30M $20M – $25M $0.09 – $0.14 Adjusted Net Income Adjuste
Slide 17: Dr. Yoav Zeif, CEO: Summary
Dr. Yoav Zeif, CEO Summary ▪ Confidence in strategy and durability of megatrends driving additive manufacturing adoption ▪ Successfully executing on stated goal to transform our business from prototyping to manufacturing ▪ Manufacturing revenue is growing making us more robust and a larger part of o
Slide 18: Thank You
THANK YOU
Slide 19: Appendix – Comparison of Q2 2026 to Q2 2025 Key Metrics
Appendix – Comparison of Q2 2026 to Q2 2025 Key Metrics Note: $ in millions, except per share amounts unless noted otherwise. All numbers and percentages rounded. Make additive work for you
Slide 20: Appendix – Reconciliation of GAAP to Non-GAAP Results of Operations
Appendix – Reconciliation of GAAP to Non-GAAP Results of Operations Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Gross Profit (1) $ 58,238 $ 6,677 $ 64,915 $ 59,494 $ 6,323 $ 65,817 Operating income (loss) (1,2) (13,467) 13,600
Slide 21: Appendix – Reconciliation of GAAP Net Loss to Adjusted EBITDA
Appendix – Reconciliation of GAAP Net Loss to Adjusted EBITDA Three Months Ended June 30, 2026 2025 Net loss $ (16,865) $ (16,745) Financial income, net (3,285) (3,286) Income tax expenses 6,683 1,041 Share in losses of associated companies - 2,370 Depreciation expenses 5,318 5,129 Amortization expe