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3D printer OEM Stratasys (Nasdaq: SSYS) announced its financial results for the second quarter (Q2) of 2026.
Revenue for the quarter was $137.6 million, down 0.3% Y/Y from $138.1 million and up 3.7% Q/Q from $132.7 million in the previous quarter. Higher Services revenue, driven primarily by on-demand parts production, largely offset the decline in Products revenue as longer sales cycles weighed on system purchases.
That top-line stability, however, came with some margin compression. Gross profit fell to $58.2 million, down 2.1% Y/Y, while GAAP gross margin declined to 42.3% from 43.1% a year earlier. The company attributed pressure on profitability primarily to currency headwinds from the stronger Israeli shekel.
Below gross profit, cost discipline helped narrow the gap. The operating