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Stratasys
(NASDAQ:SSYS)
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Rating:49Neutral
Price Target:
$8.00
▲(1.14% Upside)
Action:Reiterated
Date:08/21/26
The score is held back primarily by weak financial performance (shrinking revenue, large losses, and negative TTM free cash flow). Technicals also point to a downtrend with the stock below key moving averages. The earnings call provides some offset via improving recurring revenue momentum and expected sequential growth, but reduced operating cash flow expectations and continued system-sales weakness limit confidence; valuation is constrained by a negative P/E.
Positive Factors
Recurring Consumables Growth
Record consumables revenue indicates stronger utilization of Stratasys’ installed printer base. This recurring materials stream can improve revenue visibility and customer retention, while scaling with production activity beyond less frequent hardware purchases.
Negative Factors
Declining Revenue and System Sales
Shrinking total revenue and weaker system sales indicate that demand for the company’s core hardware remains constrained. If the installed base does not expand, future consumables, software and service growth may be limited despite current recurring-revenue momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Consumables Growth
Record consumables revenue indicates stronger utilization of Stratasys’ installed printer base. This recurring materials stream can improve revenue visibility and customer retention, while scaling with production activity beyond less frequent hardware purchases.
Read all positive factors
Stratasys Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down income from various business units, highlighting which segments are performing well and contributing most to overall growth.
Breaks down income from various business units, highlighting which segments are performing well and contributing most to overall growth.
Data provided by:
The Fly
The FlyStratasys (SSYS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$693.69M
Dividend YieldN/A
Average Volume (3M)752.47K
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth-3.05%
EPS Growth-0.01%
CountryUS
Employees1,757
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-1.34
Shares Outstanding87,587,000
10 Day Avg. Volume371,120
30 Day Avg. Volume752,471
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.84
Price to Sales (P/S)1.29
P/FCF Ratio-101.64
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$12.00Price Target Upside51.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.12
Revenue Forecast (FY)$567.73M
Stratasys Business Overview & Revenue Model
Company Description
Stratasys Ltd., established in 1989 and headquartered in Eden Prairie, Minnesota, specializes in sophisticated, connected polymer-based 3D printing solutions. Its product portfolio encompasses a variety of 3D printing systems, including PolyJet, F...
How the Company Makes Money
Stratasys primarily makes money by selling 3D printing systems and by generating recurring revenue tied to the installed base of those systems. Key revenue streams generally include: (1) Product (hardware) revenue: Sales of industrial and professi...
Stratasys Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Neutral
Balanced: the call highlighted substantial progress in recurring consumables, strong aerospace & defense momentum, Stratasys Direct growth, strategic customer wins, and a value-accretive acquisition (MarkForged). However, material weaknesses remain — system revenue declined, operating cash flow was negative this quarter (and full-year operating cash flow is no longer expected to be positive), currency and legal costs pressured results, and non-GAAP operating income was minimal. The positives show meaningful strategic progress, but the cash flow and system-sales challenges temper the near-term outlook.Positive Updates
Record Consumables Revenue and Recurring Revenue Momentum
Consumables reached a quarterly record of $66.3M (up from $64.2M YoY), demonstrating higher system utilization and a stronger recurring revenue base driven by manufacturing materials.
Negative Updates
System Revenue Decline
System revenue was $26.4M, down from $30.6M YoY (decline of ~13.7%) and down sequentially versus Q1, highlighting that hardware sales have not yet inflected despite growth in manufacturing demand.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Consumables Revenue and Recurring Revenue Momentum
Consumables reached a quarterly record of $66.3M (up from $64.2M YoY), demonstrating higher system utilization and a stronger recurring revenue base driven by manufacturing materials.
Read all positive updates
Company Guidance
Management reaffirmed full‑year 2026 guidance except for operating cash flow, and said it expects sequential revenue growth in each of the four quarters; however, due to Q1–Q2 results (including $18.7M of operating cash burn in Q2) it no longer expects full‑year operating cash flow to be positive while anticipating positive operating cash flow in H2 2026. The company ended Q2 with $212.5M in cash and short‑term deposits (down from $237.8M), is debt‑free, expects to close the $42.5M cash acquisition of MarkForged later this year (legacy MarkForged ≈ $70M revenue in 2025) and expects rapid synergies and a positive EBITDA contribution within the first year after close.Stratasys Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
78
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 547.27M | 551.10M | 572.46M | 627.60M | 651.48M | 607.22M |
| Gross Profit | 235.03M | 259.26M | 256.82M | 267.02M | 276.47M | 260.08M |
| EBITDA | -69.82M | -58.03M | -69.25M | -31.71M | 36.25M | -9.79M |
| Net Income | -115.18M | -104.28M | -120.28M | -123.07M | -28.97M | -61.98M |
Balance Sheet | ||||||
| Total Assets | 1.05B | 1.07B | 1.03B | 1.13B | 1.26B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 212.53M | 244.53M | 150.70M | 162.59M | 327.84M | 502.18M |
| Total Debt | 25.41M | 26.50M | 32.09M | 18.66M | 17.84M | 14.97M |
| Total Liabilities | 230.71M | 230.86M | 236.75M | 249.07M | 300.36M | 321.21M |
| Stockholders Equity | 818.59M | 842.90M | 792.99M | 884.84M | 959.43M | 956.01M |
Cash Flow | ||||||
| Free Cash Flow | -24.27M | -6.97M | -4.89M | -76.67M | -95.16M | 9.07M |
| Operating Cash Flow | -4.58M | 15.14M | 7.83M | -61.65M | -75.41M | 35.82M |
| Investing Cash Flow | 28.42M | -112.23M | -14.82M | -3.83M | -7.21M | -291.17M |
| Financing Cash Flow | -2.88M | 117.97M | -3.31M | -1.52M | -2.77M | 227.31M |
Stratasys Technical Analysis
Negative
7.91
Price Trends
8.38
Negative
8.61
Negative
9.03
Negative
Market Momentum
-0.13
Positive
41.31
Neutral
14.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSYS, the sentiment is Negative. The current price of 7.91 is below the 20-day moving average (MA) of 8.47, below the 50-day MA of 8.38, and below the 200-day MA of 9.03, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 41.31 is Neutral, neither overbought nor oversold. The STOCH value of 14.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSYS.
Stratasys Risk Analysis
Stratasys disclosed 53 risk factors in its most recent earnings report. Stratasys reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stratasys Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.22B | 13.42 | 24.57% | 4.48% | -3.11% | 23.38% | |
69 Neutral | $27.91B | 11.18 | 375.06% | 4.62% | 8.67% | -4.70% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $399.93M | -5.40 | -76.13% | ― | 31.52% | 95.47% | |
53 Neutral | $548.29M | -8.44 | -22.63% | ― | -6.22% | 61.98% | |
49 Neutral | $693.69M | -5.96 | -13.79% | ― | -3.05% | -0.01% | |
48 Neutral | $334.84M | -2.08 | -30.81% | ― | 73.04% | 24.91% |
* Technology Sector Average
SSYS
Stratasys
7.98
-3.25
-28.94%
DDD
3D Systems
3.43
1.02
42.32%
HPQ
HP
29.63
2.66
9.88%
NNDM
Nano Dimension
1.58
0.18
12.86%
VELO
Velo3D
12.91
8.34
182.49%
CRCT
Cricut Inc
5.68
0.17
3.16%
Stratasys Corporate Events
Stratasys Reports Q2 2026 Results in Form 6-K Filing
Aug 13, 2026
On August 13, 2026, Stratasys filed a Form 6-K reporting its unaudited condensed consolidated financial results for the three- and six-month periods ended June 30, 2026, along with a detailed review of operations, financial condition and prospects...
Stratasys Posts Q2 2026 Results, Reaffirms Guidance but Lowers Full-Year Cash Flow Outlook
Aug 13, 2026
On August 13, 2026, Stratasys reported second-quarter 2026 revenue of $137.6 million, essentially flat year-on-year but up 3.7% sequentially, alongside record consumables revenue of $66.3 million and 17% growth in its largest aerospace and defense...
Stratasys Moves to Acquire MarkForged to Bolster Aerospace and Defense 3D Printing
May 27, 2026
On May 27, 2026, Stratasys announced a definitive agreement to acquire MarkForged, Inc., a Nano Dimension subsidiary and leading provider of end-to-end Fused Filament Fabrication solutions, in an all-cash deal valued at $42.5 million, with closing...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.