3D Systems sees increased demand from aerospace and defence in Q2
3D Systems, Rock Hill, South Carolina, USA, has announced its Q2 financial results for the period ending June 30, 2025. While customer-facing markets were said to be weak, the company reported increased demand in aerospace & defence, with segment revenue growing 84% year-on-year and 53% sequentially, supporting a total Q2 revenue of $95 million (down 16% YoY).
Net income attributable to 3D Systems increased by $131.7 million to $104.4 million in the second quarter of 2025 compared to the same period in the prior year. Adjusted EBITDA rose by $7.6 million to a loss of $5.3 million in Q2 of 2025 compared to the same period last year, primarily driven by a reduction in operating expenses.
“We delivered improved profitability in the second quarter, reflecting an intense focus on our cost structure and operational efficiencies, in the face of a continuously challenging macroeconomic climate for our industry,” stated Dr Jeffrey Graves, president and CEO of 3D Systems. “Our cost savings initiatives, which we first announced in March, favourably impacted both gross margins and operating expenses on a sequential basis for the second quarter.”
The company’s cost reduction and efficiency programmes were said to have resulted in over $20 million in operating expense savings during the quarter. Balance sheet restructuring – combining debt retirement, refinancing, and share repurchase – is anticipated to allow for the execution of a restructuring programme while maintaining continuity of critical growth and efficiency investments.
Net income was reported to have benefited from improved operating performance, gains on the sale of the Geomagic software platform and gains recognised on the extinguishment of debt at a discount.
Dr Graves explained, “From a revenue standpoint, consolidated revenue for the second quarter declined 16% year-over-year, reflecting the significant softness we have experienced in our customers’ capex spending for new production capacity over the last several quarters. We attribute this softness to the uncertainties created by the extreme volatility in tariffs, which is expected to continue for some time. However, when viewed on a sequential quarterly basis, revenues grew slightly, despite the sale of the Geomagic software business, which occurred at the very beginning of Q2.”
3D Systems’ previously announced cost initiatives are said to be on track to support a return to a positive cash flow in 2026.
The full Q2 results are available here.
www.3dsystems.com
