The Q1 beat and positive Adjusted EBITDA are encouraging, but Q2 guidance for lower revenue and a return to negative EBITDA suggests the turnaround is not linear. Watch for execution on Healthcare momentum and cost discipline in Q2 results; the stock may trade range-bound until sustained profitability is demonstrated.
Price Chart
Executive Summary
3D Systems reported Q1 2026 revenue of $95.5M (+1% YoY, +11% ex-divestitures), beating consensus of $92.4M, while GAAP EPS of -$0.03 beat the Street consensus of -$0.13. Adjusted EBITDA turned positive at $2.1M vs -$23.9M a year ago. However, Q2 guidance for revenue of $93-95M and negative Adjusted EBITDA (-$4M to -$2M) signals a sequential slowdown, capping the bullish read-through.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $95.5M, +1% YoY reported, +11% adjusting for software divestitures (Geomagic, 3DXpert, Oqton)
- GAAP diluted EPS -$0.03, improved from -$0.28 YoY; Non-GAAP diluted EPS -$0.01
- Adjusted EBITDA turned positive to $2.1M from -$23.9M YoY
- Healthcare Solutions revenue +21% YoY to $50.1M; Industrial Solutions -15% YoY to $45.4M
- Q2 2026 guidance: revenue $93-95M, Adjusted EBITDA ($4M)-($2M), implying sequential revenue decline
- Cash and cash equivalents $85.1M at March 31, 2026, down from $95.6M at year-end 2025
Financial Impact
Revenue beat consensus by ~3.4% ($95.5M vs $92.4M); EPS beat consensus by ~$0.10 (-$0.03 vs -$0.13)
Risk Factors
- Q2 guidance implies sequential revenue decline of 0.5-2.6% from Q1
- Adjusted EBITDA expected to return negative in Q2 (-$4M to -$2M)
- Industrial Solutions revenue declined 15% YoY, signaling ongoing weakness in core manufacturing end markets
- Cash burn continues: operating cash flow -$7.2M in Q1, cash down $10.6M from year-end
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-033666 |
| Document: ddd-20260511.htm | 0001628280-26-033666 |
| Document: 0001628280-26-033666-index-headers.html | 0001628280-26-033666 |
| Document: 0001628280-26-033666-index.html | 0001628280-26-033666 |
| Document: 0001628280-26-033666.txt | 0001628280-26-033666 |
| 8-K Data (Synthetic) | 0001628280-26-033666 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Institutional Cluster | $3.44 $3.17 | ▼ −7.99% | ▼ −7.00% | $3.54 (+2.91%) |
Jul 28, 2026 9w ago | Press Release | $2.52 $3.22 | ▲ +27.78% | ▲ +24.40% | $3.54 (+40.48%) |
Jul 4, 2026 12w ago | Institutional Cluster | $2.83 $2.64 | ▼ −6.71% | ▼ −6.15% | $3.54 (+25.09%) |
Jun 11, 2026 16w ago | Institutional Cluster | $3.02 $3.11 | ▲ +2.98% | ▲ +1.09% | $3.54 (+17.22%) |
Jun 5, 2026 17w ago | 8-K | $3.00 $2.83 | ▲ +5.67% | ▲ +7.30% | $3.54 (−18.00%) |
Jun 4, 2026 17w ago | Press Release | $3.07 $2.80 | ▲ +8.79% | ▲ +7.42% | $3.54 (−15.31%) |
Jun 3, 2026 17w ago | 424B5 | $3.07 $2.80 | ▲ +8.79% | ▲ +7.42% | $3.54 (−15.31%) |
May 28, 2026 18w ago | EFFECT | $3.50 $3.04 | ▲ +13.14% | ▲ +10.00% | $3.54 (−1.14%) |
May 22, 2026 19w ago | S-3 | $3.49 $3.04 | ▲ +12.89% | ▲ +10.95% | $3.54 (−1.43%) |
May 15, 2026 20w ago | 8-K | $3.02 $3.02 | · 0.00% | ▼ −2.12% | $3.54 (+17.22%) |
US Market Status
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