Stratasys Ltd. (NASDAQ:SSYS) saw its stock tumble 13.81% in pre-market trading Wednesday after the 3D printing company lowered its full-year outlook, despite posting second-quarter results in line with or slightly above expectations.
The polymer 3D printing solutions provider reported adjusted earnings of $0.03 per share for Q2, matching analyst projections, while revenue reached $138.1 million, slightly above the consensus of $137.15 million. Revenue remained essentially flat from $138.0 million a year ago. Adjusted EBITDA rose to $6.1 million, up from $2.3 million in the same quarter last year.
Investors reacted primarily to the company’s revised guidance. Stratasys now anticipates full-year 2025 revenue between $550 million and $560 million, falling short of the $572.5 million analysts had expected. The company’s earnings forecast of $0.13-$0.16 per share also trails the consensus estimate of $0.32.
“Amidst prolonged macroeconomic uncertainty and restrained customer capital spending, our revenues this quarter grew slightly over the second quarter last year, as our business model continues to demonstrate significant staying power,” said Dr. Yoav Zeif, Stratasys’ Chief Executive Officer. “The macroeconomic improvement that is likely to drive increased capital spending by our customers is taking longer than we previously anticipated.”
Recurring revenue remained resilient, helping to counterbalance weaker capital equipment sales. The company maintained a strong balance sheet, holding $254.6 million in cash, equivalents, and short-term deposits, with no debt as of June 30, 2025.
For Q3, Stratasys expects revenue to be “slightly lower to slightly higher” than Q2, with Q4 projected to exceed Q3. The company also anticipates generating positive operating cash flow for the full year.
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