Nano Dimension (NNDM) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026, increased 46% year-over-year to $58.7 million, driven by the inclusion of Markforged and higher SMT product line sales.

• Q2 2026 revenue was $29.0 million, up 12.1% year-over-year, with strong Essemtec performance and record results in electronics, AI, and aerospace.

• Net loss from continuing operations was $76.5 million for the six months, primarily due to a $40.4 million goodwill impairment related to Markforged; Q2 net loss narrowed to $6.8 million.

• Significant acquisitions (Markforged, Desktop Metal) and divestitures (AME and Fabrica product lines) were completed.

• As of June 30, 2026, cash, cash equivalents, bank deposits, and marketable securities totaled $433.3 million.

Financial highlights

• Product revenue rose 48% year-over-year to $46.9 million; service revenue increased 39% to $11.8 million.

• Gross profit nearly doubled to $25.4 million for the six months; Q2 GAAP gross profit was $13.3 million, up 88.8% year-over-year.

• Operating expenses included $40.4 million goodwill impairment and $9.9 million restructuring costs.

• Adjusted EBITDA loss from continuing operations was $22.1 million for the six months and $9.6 million for Q2 2026.

• Net cash used in operating activities was $31.0 million; investing activities provided $170.5 million, mainly from deposit maturities.

Outlook and guidance

• Management expects continued operating losses in the near term as investments in R&D and sales/marketing persist.

• Full-year 2026 financial guidance has been suspended due to ongoing strategic actions and potential further changes.

• Current liquidity is expected to be sufficient for at least the next 12 months and into 2027.

• The sale of Markforged to Stratasys for $42.5 million is expected to close in the second half of 2026, pending regulatory approvals.

• Focus areas include cost structure reduction, monetizing non-core assets, and driving toward positive cash flow.