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Research Alert: Stratasys: Q1 Revenue Falls 2.5%, Posts Eps Loss Amid Tariff Pressures

作者

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

SSYS reported Q1 revenue of $133M (-2.5% Y/Y), with a 5% products decline partially offset by 4% services growth, while adjusted EPS of -$0.01 beat consensus by $0.01. Adjusted gross margin compressed 200 bps to 46.3%, reflecting tariff and FX headwinds that management has struggled to offset through pricing or cost management. A notable bright spot was Stratasys Direct's 23% organic growth driven by drone applications, while the strong balance sheet with $237.8M cash and zero debt provides stability. Management maintained 2026 guidance of $565M-$575M revenue and $8M-$12.5M adjusted net income, accounting for ~$17M in FX/tariff impacts. We believe recurring consumables revenue and customer support provide defensive characteristics, while management's optimistic tone on defense sector opportunities could drive future growth. The company's emphasis on high-requirement applications, particularly defense contracts expected in 2026 and beyond, represents a potential catalyst.

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