Business
Stratasys Releases First Quarter 2026 Financial Results
MINNETONKA, Minn. & REHOVOT, Israel, May 07, 2026--Stratasys Ltd. (Nasdaq: SSYS), ("Stratasys" or the "Company"), a leader in polymer 3D printing solutions, today announced its financial results for the first quarter ended March 31, 2026.
About this update from Stratasys, Ltd.
MINNETONKA, Minn. & REHOVOT, Israel, May 07, 2026--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS), ("Stratasys" or the "Company"), a leader in polymer 3D printing solutions, today announced its financial results for the first quarter ended March 31, 2026. "Our first quarter results reflect the resilience of our operating model in a measured spending environment, demonstrated by positive adjusted EBITDA and operating cash flow," said Dr. Yoav Zeif, CEO of Stratasys. "Recurring revenue from consumables and customer support continued to provide stability, while Stratasys Direct delivered strong 23% organic growth year-over-year across a diverse range of industrial applications, led by drone customers. As we look forward, our current pipeline in high requirement applications, especially in defense, continues to build as we gain confidence in our ability to win prominent contracts in 2026 and beyond." Summary - First Quarter 2026 Financial Results Compared to First Quarter 2025: Financial Outlook: The Company is reaffirming its outlook for 2026, as set forth below, which is based on current market conditions and assumes that the impacts of global inflationary pressures, relatively high interest rates, exchange rates, increased tariffs and other supply chain costs do not impede economic activity further. Appropriate reconciliations between historical GAAP and non-GAAP financial measures, as well as between the GAAP and non-GAAP financial measures included in our financial outlook for 2026, are provided in the tables at the end of our press release and slide presentation, with itemized detail concerning the non-GAAP financial measures. We have not included, however, guidance for 2026 for GAAP gross margin or GAAP operating expenses, or a reconciliation of our guidance for 2026 for non-GAAP gross margins or non-GAAP operating expenses to the most directly comparable GAAP financial measures (i.e., GAAP gross margin or GAAP operating expenses, respectively), as the information needed to provide that GAAP guidance and that reconciliation is not available to us without unreasonable effort or with reasonable certainty from a quantitative perspective. We expect that the foregoing missing information related to our outlook on a GAAP basis for 2026 is likely to result in significant changes relative to our non-GAAP outlook in r...