Key Highlights

  • Revenue increased 18.7 percent to $31.9 million in the third quarter of 2026.
  • Gross Margin rose to 45.3 percent from 30.3 percent a year earlier.
  • Net loss from continuing operations widened to $38.7 million from $29.5 million.
  • Full-year 2026 financial guidance was suspended, and cash and securities totaled $396.9 million.

Nano Dimension Ltd. (NASDAQ:NNDM) reported financial results for the third quarter ended September 30, 2026. Revenue increased 18.7 percent year over year to $31.9 million, with gross margin improving to 45.3 percent from 30.3 percent. The company also reported a net loss from continuing operations of $38.7 million, compared with a loss of $29.5 million a year earlier, and it said non-GAAP operating expenses fell 16.5 percent from the prior quarter, reflecting ongoing cost reduction initiatives.

Product Line Revenue Performance

Markforged contributed $18.6 million of revenue during the quarter, an increase of $1.1 million from the prior-year period. Demand for the Markforged product line was supported by defense and commercial industrial applications, along with repeat purchases from existing customers. The product line's contribution represented the majority of the company's total revenue for the period.

The Markforged increase of $1.1 million represents growth of roughly 6.3 percent, a more modest rate than the expansion in the rest of the company's revenue base. That contrast shows that the sharpest revenue growth in the quarter came from product lines outside Markforged, while the larger line still supplied most of the total.

Revenue from the Essemtec product line benefited from demand tied to AI-related electronics Manufacturing and to aerospace and defense customers. The company noted that Essemtec expanded its global customer base during the quarter as adoption of its integrated manufacturing platforms and advanced dispensing technologies increased. Together, the two product lines show the company's revenue base shifting toward growth categories in electronics and industrial manufacturing.

Excluding Markforged, revenue increased 41.6 percent to $13.3 million, driven mainly by growth in the Essemtec product line. That growth was partly offset by a $1.4 million decline tied to the sale of the AME product line. Essemtec's demand came from AI-related electronics manufacturing, aerospace and defense, space and satellite systems, and photonics and sensor applications, according to the company.

Margins, Losses and Cash Position

GAAP Gross Profit increased 77.3 percent year over year to $14.4 million. Adjusted gross margin was 47.6 percent, compared with 47.4 percent a year earlier, which suggests that the GAAP improvement was partly driven by items excluded from the adjusted measure. Adjusted EBITDA loss from continuing operations narrowed to $4.8 million, against a loss of $16.6 million in the prior-year quarter.

Adjusted EBITDA loss from continuing operations improved by $11.8 million, a result that reflects the company's cost reduction initiatives and the sequential decline in non-GAAP operating expenses. The gap between the improvement in adjusted EBITDA and the wider net loss indicates that items excluded from adjusted measures played a larger role in reported results during the period.

Despite the improved operating loss on an adjusted basis, the net loss from continuing operations widened to $38.7 million. Total cash, cash equivalents, deposits, restricted deposits and marketable Equity securities stood at $396.9 million as of September 30, 2026, compared with $433.3 million at the end of the second quarter.

Guidance and Pending Transaction

The company has suspended its full-year 2026 financial guidance. According to the release, that decision reflects its ongoing actions under the strategic plan and the potential for additional changes across the business. Nano Dimension also noted that a pending transaction remains underway, with closing expected in the fourth quarter of 2026, subject to customary conditions and regulatory approvals.

Cash, cash equivalents, deposits, restricted deposits and marketable equity securities declined by $36.4 million during the quarter, a reduction the company did not break down in the release.

Final Takeaways

The third quarter shows Nano Dimension growing revenue and improving gross margin, while reducing operating expenses on a sequential basis. The net loss, however, moved in the opposite direction, and the decision to suspend full-year guidance leaves the company's outlook less defined than in earlier periods. The closing of the pending transaction and any future guidance updates will be important reference points for judging how the cost and revenue trends develop.