Materialise (NASDAQ:MTLS) Announces Quarterly Earnings Results

Materialise (NASDAQ:MTLS) issued its quarterly earnings data on Wednesday. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, Zacks reports. Materialise had a return on equity of 4.99% and a net margin of 4.68%. The company had revenue of $76.65 million during the quarter, compared to analysts’ expectations of $78.13 million.

Here are the key takeaways from Materialise’s conference call:

• Full-year 2026 guidance was reaffirmed, with revenue expected at €273 million–€283 million and adjusted EBIT at €12 million–€14 million despite the impact of recent divestitures.
• Medical remained the primary growth driver, with revenue up nearly 10% year over year, supported by demand for personalized surgical planning, CMF solutions, cardiac workflows, and soft-tissue applications.
• Core manufacturing series-production revenue rose more than 30%, led by aerospace, semiconductor, and defense demand; excluding divestitures, manufacturing revenue grew 1.5% in the quarter and its adjusted EBITDA loss narrowed.
• Cash generation and the balance sheet strengthened, with year-to-date free cash flow more than doubling to €22.8 million and net cash reaching €82.5 million. The company also repurchased €7.5 million of shares through the first nine months.
• Software revenue declined just over 4% as cautious industrial spending and extended sales cycles weighed on demand, while increased R&D and one-time costs reduced third-quarter adjusted EBIT to €2.5 million, or a 3.7% margin.

Materialise Stock Up 0.1%

NASDAQ:MTLS traded up $0.01 on Friday, hitting $7.25. The stock had a trading volume of 126,426 shares, compared to its average volume of 140,806. The firm’s fifty day simple moving average is $7.82 and its two-hundred day simple moving average is $6.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.22 and a current ratio of 2.41. Materialise has a 1 year low of $4.78 and a 1 year high of $8.82. The stock has a market cap of $428.00 million, a P/E ratio of 27.87 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTLS. GAMMA Investing LLC raised its stake in shares of Materialise by 33.2% during the 3rd quarter. GAMMA Investing LLC now owns 10,892 shares of the software maker’s stock valued at $93,000 after purchasing an additional 2,716 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Materialise in the 2nd quarter worth about $81,000. Engineers Gate Manager LP grew its position in Materialise by 175.0% during the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock valued at $258,000 after acquiring an additional 22,098 shares during the last quarter. NewEdge Advisors LLC boosted its position in Materialise by 1,606.7% during the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock valued at $195,000 after buying an additional 24,759 shares during the period. Finally, AXQ Capital LP purchased a new position in Materialise in the 2nd quarter worth approximately $118,000. Institutional investors own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Materialise in a research report on Tuesday, September 29th. They issued a “buy” rating for the company. Weiss Ratings upgraded Materialise from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered shares of Materialise from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Materialise Company Profile

Materialise NV is a Belgium-based company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its technologies are used by manufacturers, medical professionals and researchers to design, prepare, manage and produce three-dimensional parts and devices.

The company’s software portfolio includes solutions such as Magics for preparing and managing 3D-printing jobs, the Mimics Innovation Suite for processing medical imaging data and creating patient-specific models, and 3-matic for advanced design and engineering applications.