EarningsQ2 results came in below expectations on revenue as demand trends started the year strong but softened throughout Q2, forcing the downward revision to guidance as the Company takes a more cautious view to 2024.
Financial PerformanceThe continued weak cap-ex environment led to a Q2 revenue miss and a downward reset to SSYS’s full-year revenue outlook.
RevenuesRevenues fell 11% y/o/y (adjusting for divestitures), as growth in Consumables was unable to offset a bigger decline in System revenue.