Stratasys Q4 Earnings Call Highlights

Stratasys executives discuss 2025 results, manufacturing focus, and 2026 outlook

Published on Mar. 6, 2026

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Stratasys (NASDAQ:SSYS) executives said the company ended 2025 with continued operational discipline and cash generation despite a difficult demand environment that pressured revenue, particularly for new systems. On the company's fourth-quarter earnings call, management highlighted growing exposure to manufacturing use cases, new partnerships aimed at strengthening end-to-end workflow offerings, and a 2026 outlook that assumes sequential improvement through the year.

Why it matters

Stratasys, a global leader in additive manufacturing and 3D printing solutions, is navigating a challenging demand environment while focusing on expanding its manufacturing capabilities and partnerships. The company's performance and outlook provide insights into the broader 3D printing industry and the evolving needs of its customer base.

The details

For the fourth quarter, Stratasys reported consolidated revenue of $140 million, down 6.9% year-over-year. Product revenue fell to $97.6 million from $105.1 million in the prior-year period, with system revenue down to $37.8 million from $46.7 million a year earlier. Consumables revenue was $69.8 million, up 2.4% from the same period last year. Service revenue was $42.4 million, compared to $45.3 million a year earlier. The company's GAAP gross margin was 36.8% for the quarter, down from 46.3% a year earlier, due to higher restructuring charges, tariff impacts, lower revenue, and changes in mix. Non-GAAP gross margin was 46.3%, compared with 49.6% in the prior-year quarter. For the full year 2025, consolidated revenue was $561.1 million, down from $572.5 million in 2024, but the company posted improved profitability on a non-GAAP basis, with non-GAAP operating income of $8.3 million and adjusted EBITDA of $28.5 million.

  • Stratasys ended 2025 with $244.5 million in cash, equivalents, and short-term deposits and no debt.
  • The company expects sequential revenue growth each quarter in 2026, with the second half stronger than the first.

The players

Stratasys

An American additive manufacturing and 3D printing solutions company, founded in 1989 and a global leader in the industry.

Eitan Zamir

The Chief Financial Officer of Stratasys.

Dr. Yoav Zeif

The Chief Executive Officer of Stratasys.

Airbus

A European aerospace corporation that has partnered with Stratasys to produce over 200,000 certified 3D-printed parts for its aircraft programs.

Boeing

An American aerospace company that has purchased Stratasys printers for production tooling and flight-grade parts.

Subaru of America

An American automobile manufacturer that has implemented Stratasys' new T25 high-speed head for the F770 printer.

Rivian

An American electric vehicle manufacturer that has deployed 28 Stratasys systems, including high utilization of the F900 and faster printing with F3300 systems.

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What they’re saying

“37.5% of 2025 revenue came from manufacturing, up from 36% in 2024 and from 'just over 25%' in 2020, adding that management expects the manufacturing mix to grow over time as a driver of consumables utilization and margin.”

— Dr. Yoav Zeif, Chief Executive Officer (Stratasys Earnings Call)

“Airbus produced more than 25,000 flight-ready parts last year using Stratasys' ULTEM 9085 filament, bringing total certified Stratasys parts in active service at Airbus to more than 200,000 across several aircraft programs. He described the collaboration as demonstrating production-scale additive manufacturing, citing weight and lead-time reductions and support for distributed manufacturing.”

— Dr. Yoav Zeif, Chief Executive Officer (Stratasys Earnings Call)

What’s next

The company expects to launch early access to its integration with nTopology's PolyPath simulation technology into GrabCAD Print Pro in Q2 2026 for select systems, enabling validated FDM workflows and reducing validation time.

The takeaway

Stratasys is navigating a challenging demand environment by focusing on expanding its manufacturing capabilities, building strategic partnerships, and investing in software and workflow solutions to support its customers' evolving needs. The company's performance and outlook provide insights into the broader 3D printing industry and the growing importance of additive manufacturing in sectors like aerospace, automotive, and defense.