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3D Systems
(NYSE:DDD)
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Rating:61Neutral
Price Target:
$2.50
▼(-2.72% Downside)
Action:Reiterated
Date:06/06/26
The score is most constrained by weak cash generation (negative TTM operating cash flow and free cash flow despite improved reported profitability). Offsetting this, the earnings call pointed to tangible margin and cost-structure progress, valuation is supported by a low P/E, and technicals show a constructive longer-term trend. Corporate actions improve capital flexibility but add dilution risk, keeping the overall score in the low 60s.
Positive Factors
Dental platform expansion (NextDent 300)
NextDent 300’s regulatory approvals and rapid commercial adoption materially expand 3D Systems’ durable addressable market in dental prosthetics. Broad lab adoption increases installed base, driving recurring consumables, service and software pull-through that can sustain revenue and margins over multiple years.
Negative Factors
Persistent negative cash flow
Despite accounting profitability improvements, multi‑year negative operating and free cash flow signal weak cash conversion and lower earnings quality. Persistent negative FCF constrains reinvestment and requires external financing or dilution, raising execution risk for scaling manufacturing and commercial initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Dental platform expansion (NextDent 300)
NextDent 300’s regulatory approvals and rapid commercial adoption materially expand 3D Systems’ durable addressable market in dental prosthetics. Broad lab adoption increases installed base, driving recurring consumables, service and software pull-through that can sustain revenue and margins over multiple years.
Read all positive factors
3D Systems Key Performance Indicators (KPIs)
Any
Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Data provided by:
The Fly
The Fly3D Systems (DDD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$411.62M
Dividend YieldN/A
Average Volume (3M)3.14M
Price to Earnings (P/E)5.4
Beta (1Y)2.07
Revenue Growth-10.16%
EPS GrowthN/A
CountryUS
Employees1,418
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)0.47
Shares Outstanding163,340,500
10 Day Avg. Volume1,806,854
30 Day Avg. Volume3,141,092
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.95
Price to Sales (P/S)0.59
P/FCF Ratio-2.34
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
$5.00Price Target Upside94.55% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.15
Revenue Forecast (FY)$389.32M
3D Systems Business Overview & Revenue Model
Company Description
3D Systems Corporation, operating globally across the Americas, Europe, the Middle East, Africa, and Asia Pacific regions, specializes in delivering advanced 3D printing and digital manufacturing solutions. Its product portfolio includes a diverse...
How the Company Makes Money
3D Systems makes money primarily by selling 3D printing products and by providing related services. Key revenue streams include: (1) 3D printer and hardware sales—revenue from the sale of additive manufacturing systems (polymer and metal platforms...
3D Systems Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 03, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial improvement: revenue grew 11% year-over-year, Healthcare grew 21%, Aerospace & Defense grew over 20%, gross margin expanded ~6 points, OpEx fell 35% and adjusted EBITDA turned positive in Q1. Management highlighted successful new product launches (NextDent 300), regulatory approvals, an expanding order backlog and an 80,000 sq ft capacity expansion. Cautions included regional supply-chain/logistics disruptions tied to the Middle East conflict, a temporary key-customer disruption (now resolved), modest FX/tariff headwinds and a conservative Q2 outlook ($93M–$95M revenue; adjusted EBITDA loss $2M–$4M). Overall, the positives — broad-based revenue growth, margin and expense improvements, strong product momentum and clear cost reductions — outweigh the short-term operational headwinds and cautious near-term guidance.Positive Updates
Return to Revenue Growth
Consolidated revenue of $95.5M in Q1, up 11% year-over-year, marking a solid return to top-line growth driven by key markets (Med Tech, Dental, Aerospace & Defense).
Negative Updates
Regional Supply Chain and Logistics Disruptions
Conflict in the Middle East created supply chain and logistics challenges that impacted deliveries and demand in certain regions (notably jewelry business) and created modest negative effects on operations.
Read all updates
Q1-2026 Updates
Positive
Negative
Return to Revenue Growth
Consolidated revenue of $95.5M in Q1, up 11% year-over-year, marking a solid return to top-line growth driven by key markets (Med Tech, Dental, Aerospace & Defense).
Read all positive updates
Company Guidance
Management guided Q2 revenue of $93–95 million with an adjusted EBITDA loss of $2–4 million and reiterated a full‑year objective of breakeven adjusted EBITDA or better. That outlook follows Q1 results of $95.5M revenue (+11% YoY), non‑GAAP gross margin of 36.1% (up ~600 bps YoY), adjusted EBITDA of $2.1M (improvement of $26M YoY, $28.2M adjusted), non‑GAAP operating expense of $36.6M (down 35% YoY), and more than $55M of annualized cost savings delivered; the company finished Q1 with $86.5M total cash ($85.1M cash & equivalents, $1.4M restricted), $3.9M of debt due in Q4 2026 and $92M maturing in 2030. Management said OpEx should remain largely stable for the year, cost‑reduction programs will be complete by end‑Q2, R&D will normalize to a more balanced level, Aerospace & Defense is expected to grow >20% in 2026 (≈$35M), and denture market expansion targets an addressable population of >60 million edentulous patients.3D Systems Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 387.90M | 386.90M | 440.12M | 488.07M | 538.03M | 615.64M |
| Gross Profit | 131.61M | 131.04M | 164.18M | 196.42M | 214.23M | 263.78M |
| EBITDA | 108.30M | 76.27M | -214.12M | -325.60M | -81.96M | 356.50M |
| Net Income | 62.45M | 29.88M | -255.59M | -362.69M | -122.71M | 322.05M |
Balance Sheet | ||||||
| Total Assets | 513.12M | 521.73M | 608.85M | 990.66M | 1.45B | 1.55B |
| Cash, Cash Equivalents and Short-Term Investments | 85.08M | 95.64M | 171.32M | 331.52M | 568.74M | 789.66M |
| Total Debt | 144.15M | 158.46M | 286.06M | 399.30M | 500.32M | 502.62M |
| Total Liabilities | 278.77M | 279.18M | 430.69M | 561.90M | 694.91M | 706.72M |
| Stockholders Equity | 234.34M | 240.36M | 176.19M | 426.75M | 749.94M | 842.38M |
Cash Flow | ||||||
| Free Cash Flow | -70.46M | -97.77M | -61.01M | -107.88M | -90.93M | 29.36M |
| Operating Cash Flow | -61.25M | -87.83M | -44.89M | -80.69M | -70.02M | 48.15M |
| Investing Cash Flow | 109.74M | 108.99M | -19.02M | 124.78M | -308.36M | 260.56M |
| Financing Cash Flow | -101.44M | -101.67M | -91.27M | -106.47M | -13.81M | 405.80M |
3D Systems Technical Analysis
Negative
2.57
Price Trends
3.02
Negative
2.64
Negative
2.47
Positive
Market Momentum
-0.11
Positive
38.20
Neutral
9.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DDD, the sentiment is Negative. The current price of 2.57 is below the 20-day moving average (MA) of 2.80, below the 50-day MA of 3.02, and above the 200-day MA of 2.47, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 9.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DDD.
3D Systems Risk Analysis
3D Systems disclosed 25 risk factors in its most recent earnings report. 3D Systems 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
3D Systems Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $985.47M | 13.30 | 21.37% | 4.48% | -0.31% | 10.31% | |
65 Neutral | $25.87B | 10.32 | -473.44% | 4.62% | 7.20% | 4.12% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $411.62M | 5.36 | 26.66% | ― | -10.16% | ― | |
55 Neutral | $685.07M | -5.89 | -13.44% | ― | -2.96% | 10.37% | |
47 Neutral | $309.90M | -0.96 | -58.69% | ― | 101.52% | -310.43% | |
41 Neutral | $281.32M | -0.31 | -149.80% | ― | 24.50% | 94.28% |
* Technology Sector Average
DDD
3D Systems
2.48
0.85
52.15%
HPQ
HP
28.41
4.82
20.44%
SSYS
Stratasys
7.67
-3.16
-29.18%
NNDM
Nano Dimension
1.49
0.09
6.43%
VELO
Velo3D
8.44
1.83
27.69%
CRCT
Cricut Inc
4.79
0.10
2.09%
3D Systems Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
3D Systems Completes Common Stock Offering to Bolster Capital
Positive
Jun 5, 2026
On June 3, 2026, 3D Systems Corporation entered into an underwriting agreement with Needham Company and other underwriters to offer and sell 16,393,443 shares of its common stock at $3.05 per share, with an additional 30-day option for underwrite...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
3D Systems Shareholders Approve Major Share Authorization Expansion
Positive
May 15, 2026
On May 14, 2026, 3D Systems stockholders approved an amendment to the company’s Certificate of Incorporation to double the number of authorized common shares from 220 million to 440 million, a change that became effective the same day upon f...
Business Operations and StrategyRegulatory Filings and Compliance
3D Systems Updates Bylaws to Clarify Voting Standards
Neutral
Apr 30, 2026
On April 28, 2026, 3D Systems Corporation’s board adopted amended and restated by-laws that revise Section 2.07 to more closely align the company’s language with Section 216(2) of the Delaware General Corporation Law. The change is des...
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.