Key Takeaways
- Stratasys reported Q2 revenue of $137.6 million, down slightly from $138.1 million a year ago
- Consumables sales reached a quarterly record of $66.3 million, up from $64.2 million
- System revenue fell to $26.4 million from $30.6 million a year ago
- Stratasys Direct, the company's on-demand parts manufacturing business, grew 12.1% year over year
- The company maintained its 2026 revenue and earnings outlook, but no longer expects to generate positive operating cash flow for the full year
Introduction to Stratasys Q2 Results
Stratasys, a leading 3D printing company, reported its Q2 results, showcasing strong demand in aerospace and defense, record consumables sales, and progress in its shift toward manufacturing. The company's revenue remained relatively unchanged from the previous year, with growth in materials and services offsetting weaker 3D printer sales.
Breakdown of Q2 Results
The Q2 revenue of $137.6 million was down slightly from $138.1 million a year ago, but up 3.7% from $132.7 million in the first quarter of 2026. The company expects sales to continue growing through the rest of the year. System revenue fell to $26.4 million from $30.6 million a year ago, while consumables reached a quarterly record of $66.3 million, up from $64.2 million. Service revenue also rose to $44.9 million from $43.3 million.
Comparison of Q2 Results
| Category | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $137.6 million | $138.1 million | -0.5% |
| System Revenue | $26.4 million | $30.6 million | -13.7% |
| Consumables | $66.3 million | $64.2 million | 3.2% |
| Service Revenue | $44.9 million | $43.3 million | 3.7% |
Aerospace and Defense Leads Growth
The aerospace and defense sector led the growth, with Stratasys CEO Yoav Zeif stating that the company is effectively driving recurring revenue from materials used for manufacturing end-use parts. This growth in consumables is a great indicator of the high utilization of Stratasys' systems and speaks directly to the company's strategy to increase the manufacturing portion of its business.
Bottom Line
In summary, Stratasys' Q2 results showcase the company's progress in its shift toward manufacturing, with record consumables sales and growth in the aerospace and defense sector. While system revenue fell, the company maintained its 2026 revenue and earnings outlook, but no longer expects to generate positive operating cash flow for the full year. With a strong focus on manufacturing and a growing demand for its products, Stratasys is well-positioned for future growth and success.