Stratasys, Ltd. · NASDAQ:SSYS
Stratasys — Q1 2026 Earnings Presentation
19 slides from Stratasys's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results Speakers Dr. Yoav Zeif, CEO Eitan Zamir, CFO Yonah Lloyd, CCO & VP IR May 7, 2026
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 additive work for 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 ▪ Recurring revenue streams from consumables and customer support provide stability as customers exercise capital equipment discipline ▪ Focused on executing our strategy to grow as we deepen our penetration into manufacturing ▪ Sequential growth from Consumables, Services and Stra
Slide 6: Aerospace & Defense
Aerospace & Defense ▪ Thousands of systems deployed across the defense industry and the world’s leading aircraft manufacturers ▪ 100,000+ parts shipped annually to defense, certifiable through AS9100, ISO 9001, CMMC compliance and ITAR requirements US Department of War – JAMA IV Program Artemis II M
Slide 7: Dental / Materials / Software
Dental / Materials / Software TrueDent® CE Class IIA Certification ▪ First polychromatic, monolithic 3D-printed denture solution certified at this classification in Europe, a segment projected at $2.45B by 2028 ▪ Broadens range to include long-term intraoral removables, crowns and bridges through a
Slide 8: Eitan Zamir, CFO
Eitan Zamir CFO • First quarter results reflect continued execution against the operational priorities we established at the start of the year • Maintained EBITDA profitability and generated positive OCF in environment of customers deliberate on capital spending • Outcomes reflect structural improve
Slide 9: Q1 2026 Revenue
Q1 2026 Revenue Quarterly Trend Revenues – Q1’26 Product Service Revenue Y/Y 136.0 138.1 137.0 140.0 132.7 Product - $88.8M -5.3% 42.2 43.3 42.9 42.4 43.9 ▪ Systems - $28.8M -7.7% ▪ Consumables - $60.0M -4.2% 93.8 94.8 94.1 97.6 88.8 Services - $43.9M 4.0% ▪ Customer Support - $29.7M -1.0% Q1'25 Q2'
Slide 10: Q1 2026 Gross Margins
Q1 2026 Gross Margins GAAP Non-GAAP Products Gross Margin Total Gross Margin Services Gross Margin 54.7% 54.3% 53.8% 52.4% 49.6% 48.7% 50.2% 47.0% 47.5% 48.3% 47.7% 44.3% 46.3% 46.3% 43.1% 45.3% 41.0% 37.7% 41.7% 37.4% 32.5% 36.8% 33.9% 33.1% 31.0% 30.8% 34.5% 29.7% 27.6% 30.1% Q1-25 Q2-25 Q3-25 Q4-
Slide 11: Q1 2026 Operating Expenses
Q1 2026 Operating Expenses GAAP Non-GAAP Operating Expenses Operating Expenses (absolute and as a percentage of revenues) (absolute and as a percentage of revenues) 61.7% 53.4% 48.7% 46.0% 72.6 81.9 64.6 62.6 Q1'25 Q1'26 Q1'25 Q1'26 Note: $ in millions unless noted otherwise. All numbers and percent
Slide 12: Q1 2026 Operating, Net and EBITDA - ~$5.3M YoY Adverse Impact from FX/Tariffs
Q1 2026 Operating, Net and EBITDA - ~$5.3M YoY Adverse Impact from FX/Tariffs GAAP Operating Loss Non-GAAP Operating Income (Loss) 2.2% in Q1’25 vs (2.4%) in Q1’26 out of total revenue (12.4) 3.0 (26.5) )3.2( Q1’25 Q1’26 Q1’25 Q1’26 GAAP Net Loss Non-GAAP Net Income (Loss) EPS diluted ($0.18) in Q1’
Slide 13: Strong Balance Sheet – $237.8M Cash, Equivalents and No Debt
Strong Balance Sheet – $237.8M Cash, Equivalents and No Debt Cash Flow from Operating Activities Balance Sheet Items Q1-25 Q4-25 Q1-26 Cash and Cash Equivalents and Short- 150.1 244.5 237.8 term deposits 4.5 Accounts Receivable 156.2 160.5 157.1 Inventories 169.9 145.2 143.6 2.4 Net Working Capital
Slide 14: 2026 Full-Year Outlook - Reaffirmed
2026 Full-Year Outlook - Reaffirmed $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 I
Slide 15: Dr. Yoav Zeif, CEO - Summary
Dr. Yoav Zeif, CEO Summary ▪ Customer engagement continues to increase - deal pipeline for 2026 and beyond continues to build, especially in defense ▪ Strategic progress today reinforces the trajectory for tomorrow ▪ Defense industry solutions are established, certified and operating at scale across
Slide 16: Thank You
THANK YOU Make additive work for you
Slide 17: Appendix – Comparison of Q1 2026 to Q1 2025 Key Metrics
Appendix – Comparison of Q1 2026 to Q1 2025 Key Metrics GAAP Non-GAAP Q1-25 Q1-26 Change Y/Y Q1-25 Q1-26 Change Y/Y Total Revenue 136.0 132.7 -2.4% 136.0 132.7 -2.4% Gross Profit 60.2 55.4 (4.8) 65.6 61.4 (4.2) ▪% Margin 44.3% 41.7% -2.6% 48.3% 46.3% -2.0% Operating Income (Loss) (12.4) (26.5) (14.1
Slide 18: Appendix – Reconciliation of GAAP to Non-GAAP Results of Operations
Appendix – Reconciliation of GAAP to Non-GAAP Results of Operations Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Gross Profit (1) $ 55,361 $ 6,074 $ 61,435 $ 60,239 $ 5,410 $ 65,649 Operating income (loss) (1,2) (26,532) 23,3
Slide 19: Appendix – Reconciliation of GAAP Net Loss to Adjusted EBITDA
Appendix – Reconciliation of GAAP Net Loss to Adjusted EBITDA Three Months Ended March 31, 2026 2025 Net loss $ (23,825) $ (13,054) Financial income, net (2,732) (1,473) Income tax expenses 25 455 Share in losses of associated companies - 1,668 Depreciation expenses 5,731 5,124 Amortization expenses