3D Systems launches CEO search as Graves steps down
3D Systems Corporation, Rock Hill, South Carolina, USA, has announced that Dr Jeffrey Graves will step down as President and Chief Executive Officer. The leadership transition was announced to coincide with the release of the company’s second-quarter 2026 financial results, which showed continued growth in its metal Additive Manufacturing business.
The company stated that Graves will remain in his roles until a successor has been appointed, a process expected to conclude later this year. Following the appointment, he will remain in a consulting role for six months to support the leadership transition.
The 3D Systems Board of Directors has appointed an executive search firm to identify the company’s next President and Chief Executive Officer while continuing to focus on its long-term strategic priorities.
Graves joined 3D Systems in May 2020 and has overseen the company’s strategic transformation around its Healthcare and Industrial businesses. During his tenure, the company implemented cost reduction initiatives, refined its focus on higher-value markets and strengthened its position in sectors including Aerospace & Defense, Data Center Infrastructure, Med Tech and Dental.
“On behalf of the board, I would like to thank Jeff for his leadership and contributions to 3D Systems,” stated Chip McClure, Chairman of the Board. “Over the past several years, the company has made meaningful progress in strengthening its operating foundation, sharpening its strategic focus, and positioning the business for long-term profitability and growth. We are grateful for Jeff’s service to the company and for his support during this transition to ensure a seamless handoff of leadership responsibilities.”
Graves added, “I am proud of the progress the company has made over the last six years and grateful to have had the opportunity to work alongside the talented employees of 3D Systems. I remain fully committed to leading the company during this time and supporting a seamless transition.”
Q2 financial results
Alongside the leadership announcement, 3D Systems reported second-quarter revenue of $94.6 million for the period ended June 30, 2026, down 0.3% year-on-year. Excluding software divestitures completed in 2025, however, revenue increased 1.4%.
The company reported continued momentum in hardware sales, with double-digit growth in both metal and polymer Additive Manufacturing machines. Healthcare remained the company’s largest business segment, with revenue increasing 6.8% year-on-year to $48.1 million, driven by growth in Med Tech Additive Manufacturing machine sales and personalised healthcare services.
“Of particular note is the growing impact of metal 3D printing, where design flexibility combined with cost-effective production is enabling higher-performance components and systems,” Graves stated.
Industrial Solutions revenue declined 6.7% year-on-year to $46.5 million. Excluding divestitures, the decline narrowed to 3.7%, with sequential growth of 2.4% supported by increased product sales and more than 20% growth in the Aerospace & Defense and Data Center Infrastructure markets.
Net loss for the quarter was $12.9 million, compared to a profit in the prior-year period that included gains from the sale of Geomagic and debt extinguishment. Adjusted EBITDA improved to a loss of $0.8 million, reflecting the benefits of previous cost reduction programmes and tariff refunds recovered during the quarter.
For the first half of 2026, 3D Systems reported a net loss of $17.3 million and positive Adjusted EBITDA of $1.3 million. Looking ahead, the company expects Q3 revenue of between $96 million and $99 million, with Adjusted EBITDA forecast to be between a loss of $3 million and a loss of $1 million.
Graves concluded, “As the Additive Manufacturing industry continues to emerge from a multi-year downturn, our sustained investments in research and development are now enabling us to introduce a broad portfolio of new products that are gaining increasing customer traction. While the global economic environment remains uncertain, we are optimistic that, as capital investment activity strengthens, we are well positioned to benefit from the resulting expansion in global manufacturing capacity.”
