Stratasys (SSYS)
NASDAQ:SSYS
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Stratasys
(NASDAQ:SSYS)
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Rating:55Neutral
Price Target:
$10.00
▲(13.77% Upside)
Action:Reiterated
Date:05/27/26
The score is held back primarily by weak financial performance (declining revenue, persistent losses, and negative free cash flow) and loss-driven valuation (negative P/E). These are partially offset by a strong balance sheet, improving operating cash flow, bullish technical trend signals, and reiterated 2026 guidance that points to sequential growth and consumables-led improvement, though near-term margin/FX/tariff headwinds and H2 execution risk remain meaningful.
Positive Factors
Strong, low-leverage balance sheet and cash liquidity
Substantial cash reserves and effectively no debt give management durable financial flexibility to fund product development, strategic M&A, and short-term operational cushions. This reduces refinancing risk, supports capital allocation for growth initiatives, and underpins resilience through cyclicality.
Negative Factors
Multi-year revenue decline with sharp TTM drop
Sustained revenue erosion signals structural demand or competitiveness challenges. A large TTM decline undermines economies of scale and makes it harder to leverage fixed costs, pressuring margins and constraining reinvestment capacity unless growth is restored through new products or market expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong, low-leverage balance sheet and cash liquidity
Substantial cash reserves and effectively no debt give management durable financial flexibility to fund product development, strategic M&A, and short-term operational cushions. This reduces refinancing risk, supports capital allocation for growth initiatives, and underpins resilience through cyclicality.
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
$908.26M
Dividend YieldN/A
Average Volume (3M)975.54K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth-2.96%
EPS Growth10.37%
CountryUS
Employees1,779
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)-1.35
Shares Outstanding86,172,540
10 Day Avg. Volume1,078,686
30 Day Avg. Volume975,545
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 Cap0.95
Enterprise Value/Revenue1.58
Enterprise Value/Gross Profit3.65
Enterprise Value/Ebitda-11.88
Forecast
1Y Price Target
$10.57Price Target Upside20.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.12
Revenue Forecast (FY)$567.73M
Stratasys Business Overview & Revenue Model
Company Description
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping,...
How the Company Makes Money
Stratasys primarily makes money by selling (1) 3D printing systems (hardware) and (2) recurring consumables and support tied to the installed base. Key revenue streams include: (a) Printer/system sales: One-time revenue from the sale of industrial...
Stratasys Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: strong strategic and market progress (notably in defense, aerospace, Stratasys Direct production growth, product/material innovations, and a key dental regulatory win) and solid liquidity (debt-free balance sheet and positive operating cash flow). Offsetting these positives were near-term financial headwinds including a modest revenue decline (-2.4% YoY), margin compression (~200–260 bps), widened GAAP losses, FX/tariff impacts (~$5.3M), and softness in system sales due to customer capital discipline. Management reiterated full-year guidance and emphasized H2 defense-driven recovery, leaving the near-term outlook mixed but with clear potential catalysts for improvement.Positive Updates
Stratasys Direct Production Growth
Stratasys Direct delivered >10% sequential growth and 23% organic year-over-year growth (after divestments) versus Q1 2025, shipping over 100,000 production parts annually and showing strong production-part demand across industries (top 3 parts customers were U.S. drone-related firms).
Negative Updates
Quarterly Revenue Decline
Consolidated Q1 revenue was $132.7M, down ~2.4% year-over-year; product revenue declined to $88.8M from $93.8M (-5.3%), system revenue fell to $28.8M from $31.2M (-7.7%), and consumables were $60.0M versus $62.6M (-4.2%).
Read all updates
Q1-2026 Updates
Positive
Negative
Stratasys Direct Production Growth
Stratasys Direct delivered >10% sequential growth and 23% organic year-over-year growth (after divestments) versus Q1 2025, shipping over 100,000 production parts annually and showing strong production-part demand across industries (top 3 parts customers were U.S. drone-related firms).
Read all positive updates
Company Guidance
Stratasys reiterated full‑year 2026 guidance of $565 million to $575 million in revenue, with management forecasting sequential growth each quarter through the year and 2026 consumables revenue to increase versus 2025; they also said Q2 should be similar to Q2 2025 levels. The company emphasized it will maintain adjusted EBITDA profitability and positive operating cash flow as revenue scales (Q1 adjusted EBITDA was $2.0 million and Q1 operating cash flow was $2.4 million, building on $15.1 million of operating cash flow for full‑year 2025). Financial flexibility was highlighted as a strength, with $237.8 million in cash, cash equivalents and short‑term deposits at quarter end and a debt‑free balance sheet to support ongoing investments and inorganic opportunities.Stratasys Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 547.75M | 551.10M | 572.46M | 627.60M | 651.48M | 607.22M |
| Gross Profit | 236.20M | 259.26M | 256.82M | 267.02M | 276.47M | 260.08M |
| EBITDA | -72.69M | -58.79M | -40.32M | -31.71M | 2.61M | -23.07M |
| Net Income | -115.06M | -104.28M | -120.28M | -123.07M | -28.97M | -61.98M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 1.07B | 1.03B | 1.13B | 1.26B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 237.79M | 244.53M | 150.70M | 162.59M | 327.84M | 502.18M |
| Total Debt | 26.68M | 26.50M | 32.09M | 18.66M | 17.84M | 14.97M |
| Total Liabilities | 247.26M | 230.86M | 236.75M | 249.07M | 300.36M | 321.21M |
| Stockholders Equity | 825.61M | 842.90M | 792.99M | 884.84M | 959.43M | 956.01M |
Cash Flow | ||||||
| Free Cash Flow | -9.75M | -6.97M | -4.89M | -76.67M | -95.16M | 9.07M |
| Operating Cash Flow | 12.99M | 15.14M | 7.83M | -61.65M | -75.41M | 35.82M |
| Investing Cash Flow | -133.34M | -112.23M | -14.82M | -3.83M | -7.21M | -291.17M |
| Financing Cash Flow | 117.88M | 117.97M | -3.31M | -1.52M | -2.77M | 227.31M |
Stratasys Technical Analysis
Positive
8.79
Price Trends
8.57
Positive
9.34
Positive
9.72
Positive
Market Momentum
0.43
Negative
74.58
Negative
92.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSYS, the sentiment is Positive. The current price of 8.79 is below the 20-day moving average (MA) of 8.99, above the 50-day MA of 8.57, and below the 200-day MA of 9.72, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 74.58 is Negative, neither overbought nor oversold. The STOCH value of 92.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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)
SSYS
Stratasys
10.69
0.49
4.80%
DDD
3D Systems
3.72
2.19
143.14%
NNDM
Nano Dimension
1.71
0.16
10.32%
Stratasys Corporate Events
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...
Stratasys Files Q1 2026 Results and Detailed Form 6-K Disclosure
May 7, 2026
On May 7, 2026, Stratasys Ltd. reported its financial results for the quarter ended March 31, 2026, filing unaudited condensed consolidated interim financial statements with U.S. regulators. The Form 6-K package also includes a detailed management...
Stratasys Posts Q1 2026 Loss but Reaffirms Full-Year Outlook Amid Resilient Cash Flow
May 7, 2026
On May 7, 2026, Stratasys reported first-quarter 2026 results showing revenue of $132.7 million, down slightly from $136.0 million a year earlier, with GAAP net loss widening to $23.8 million and non-GAAP results slipping to a small loss. The comp...
Stratasys Posts 2025 Loss but Improves Cash Flow and Margins, Issues 2026 Outlook
Mar 5, 2026
On March 5, 2026, Stratasys reported fourth quarter and full-year 2025 results showing revenue declines but improved profitability metrics on a non-GAAP basis. Fourth quarter revenue fell to $140 million from $150.4 million a year earlier, with a ...
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.