Materialise (NASDAQ:MTLS) Issues Quarterly Earnings Results

Materialise (NASDAQ:MTLS) posted its quarterly earnings results on Wednesday. The software maker reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $76.65 million during the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%.

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 Price Performance

Shares of NASDAQ:MTLS traded down $1.84 during trading on Wednesday, reaching $6.78. The stock had a trading volume of 1,246,453 shares, compared to its average volume of 139,665. The stock has a market capitalization of $400.49 million, a PE ratio of 25.11 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.41 and a quick ratio of 2.22. Materialise has a 52 week low of $4.78 and a 52 week high of $8.82. The business’s 50-day moving average price is $7.80 and its 200 day moving average price is $6.37.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTLS. Weiss Ratings upgraded Materialise from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Finally, DA Davidson initiated coverage on Materialise in a research note on Tuesday, September 29th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Hedge Funds Weigh In On Materialise

Institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. increased its stake in shares of Materialise by 218.1% in the first quarter. Optiver Holding B.V. now owns 38,383 shares of the software maker’s stock valued at $190,000 after buying an additional 26,315 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Materialise by 1,606.7% in the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock worth $195,000 after acquiring an additional 24,759 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of Materialise by 175.0% in the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock worth $258,000 after acquiring an additional 22,098 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Materialise during the second quarter worth approximately $118,000. Finally, Granite Investment Partners LLC acquired a new position in shares of Materialise during the first quarter worth approximately $58,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

About Materialise

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.