3D Systems reports growth in new AM machine sales for the second straight quarter
May 13, 2025
3D Systems, Rock Hill, South Carolina, USA, has announced its financial results for the first quarter ended March 31, 2025, reporting growth in new Additive Manufacturing machine sales for the second straight quarter. Despite this, revenue for Q1 2025 decreased 8% to $94.5 million, compared to the same period last year. The company stated that its growth in hardware sales and related services was offset by a decline in materials sales, driven primarily by inventory management in the dental aligner market.
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The company’s previously announced $50 million cost-saving initiative was reported to be progressing as planned, with completion expected by mid-2026. Operating expenses in the first quarter reflected continued efforts to improve cost efficiency.
In response to ongoing macroeconomic uncertainties and potential tariff risks, 3D Systems announced a new cost reduction initiative aimed at delivering an additional $20 million in savings during 2025. The move is intended to accelerate organisational alignment and strengthen the company’s financial position.
“Our first quarter revenues reflect a continuation of challenging top-line pressures as many customers are delaying their capital investments in order to get greater clarity around potential tariff impacts on their manufacturing and distribution strategies,” explained Dr Jeffrey Graves, president and CEO of 3D Systems. “This is in addition to the ongoing geopolitical and broader macroeconomic uncertainty that we have been experiencing for some time.”
Due to the risk of sustained weakness in customer capital expenditure, the company said it is withdrawing its full-year guidance. It stated that its top priority is achieving profitability at its current scale. With a strong portfolio of new metal and polymer products, 3D Systems believes it is well-positioned to benefit when customer spending rebounds.
“While we were pleased to see this growth in new printer sales for the second straight quarter, the rate was clearly impacted by these capital spending delays. Encouragingly, this growth in printer sales was driven predominantly by our newest hardware systems, as our strengthened technology portfolio delivered strategic wins for all three of our metal printing platforms, and steady growth broadly in Aerospace and Defense markets. These wins bode well for the future, particularly in the high-reliability Healthcare and Industrial markets, which include Aerospace and Defense, and AI infrastructure, areas that have been an increasing focus for us for some time,“ Dr Graves added.
The company’s balance sheet has been significantly strengthened following the April sale of its Geomagic software portfolio, which added more than $100 million in post-tax cash. As of April 30, 2025, total cash reserves stood at approximately $250 million.
“So, in short, we have followed a very deliberate strategy for the last three years of investing to be a technology leader in both metals and polymers, and one that has full control over all design, production and sourcing operations that are essential to the quality of our products, as the market for new production applications of 3D printing now opens in earnest. While the short term headwinds driven by tariff risks and other factors are painful and require us to implement significant cost savings initiatives, in the longer-term the new opportunities for localised manufacturing within the US, Europe, India and other nations is a significant driver for long-term value creation for all of our stakeholders,” concluded Dr Graves.
