3D Systems Corporation

Revenue was $94.6 million in Q2 2026, up 1.4% year over year. Non-GAAP gross margin was 36.7%. Adjusted EBITDA was negative $0.8 million, improving by $3.9 million year over year, and non-GAAP EPS was negative $0.04, improving by $0.02 per share. Healthcare Solutions revenue was $48.1 million, up 6.8%, while Industrial revenue was $46.5 million, down 3.7%. For the first half of 2026, revenue increased 6% and adjusted EBITDA was positive $1.3 million. Management guided Q3 revenue to $96 million to $99 million and adjusted EBITDA to negative $3 million to negative $1 million. They also said the $60 million annualized cost-reduction program has been completed, Q2 net proceeds from an equity offering were just over $53 million, cash and restricted cash ended at $129 million, and total debt was $96 million, with $3.9 million due in Q4 2026 and $92 million due in 2030.

Jeffrey Graves emphasized that customer capital spending is returning and said 3D Systems is well positioned because its refreshed product portfolio now aligns with four focus markets: medtech, dental, aerospace and defense, and data center infrastructure. He repeatedly pointed to strong uptake in the NextDent denture platform, growth in metal printing, and a large industrial order tied to reusable rocket engines. His tone was upbeat and reflective, while also framing his planned CEO transition as a positive time to hand off a company that has already done the hard restructuring.

Phyllis Nordstrom said Q2 revenue grew to $94.6 million, gross margin was 36.7%, operating expenses were $39.5 million, adjusted EBITDA was negative $0.8 million, and non-GAAP EPS was negative $0.04. She highlighted that the six-quarter cost reduction initiative is complete and has delivered a little more than $60 million in annualized savings, while also noting $2.6 million of tariff refunds helped margins in the quarter. She said the company ended with $129 million in cash and restricted cash after an equity raise that produced just over $53 million in net proceeds, and she guided Q3 revenue to $96 million to $99 million with adjusted EBITDA of negative $3 million to negative $1 million.

Analysts focused on the NextDent rollout, margin trajectory, the timing of the CEO transition, and the strength of the industrial order tied to reusable rockets. Graves said NextDent adoption is strong, with about 100 labs already installed, and that revenue could grow significantly in 2027 and 2028, while Nordstrom said Q4 is typically printer-heavy and margins may be slightly pressured by mix. On the CEO transition, Graves said the search is just getting underway and could take many months, and he framed the timing as an opportunity because the company has already completed major cost-cutting and portfolio refresh work. He also said profitability should improve as printer sales drive consumable pull-through and metal parts production scales.