Nano Dimension Restarts Markforged Sales After a Soft Quarter

The Tip Desk · November 11, 2026 · 3 min read

Revenue reached $31.9 million as Markforged contributed $18.6 million and non-GAAP operating expenses fell to $19.8 million.

Nano Dimension Ltd. (NNDM) reported third-quarter revenue of $31.9 million, an 18.7% increase from a year earlier, after Markforged sales reversed a year-over-year decline recorded in the second quarter.

The digital-manufacturing company said the year-over-year growth rate accelerated from 12.1% in the second quarter, when revenue was $29.0 million. Markforged contributed $18.6 million in the third quarter, a $1.1 million increase versus the year-ago period, after a $2.0 million year-over-year drop to $14.1 million in the second quarter. The company said the product line benefited from demand in defense and commercial industrial applications, customer engagement and repeat purchases.

Excluding Markforged, revenue rose 41.6% year-over-year to $13.3 million, a slower pace than the 53.1% year-over-year increase in the second quarter. The company attributed the remaining growth primarily to Essemtec, partially offset by a $1.4 million decrease tied to the sale of the AME product line. Essemtec demand was described as particularly strong in AI-related electronics manufacturing, aerospace and defense, space and satellite systems, photonics and sensor applications.

GAAP gross profit increased 77.3% year-over-year to $14.4 million, and GAAP gross margin improved to 45.3% from 30.3% a year earlier. The company said the improvement was driven primarily by the non-recurrence of non-cash charges recognized in the third quarter of 2025, the AME sale and margin initiatives, partially offset by higher cost of revenue on higher volumes. Adjusted gross margin was 47.6%.

Net loss from continuing operations widened to $38.7 million from a $6.8 million loss in the second quarter. GAAP operating expenses rose 29.4% year-over-year, which the company said primarily reflected a settlement payable to a related party and estimated contingencies, as well as higher restructuring and other expenses, including costs associated with terminating the lease for its corporate headquarters. Those increases were partially offset by lower personnel-related expenses.

On a non-GAAP basis, operating expenses declined 32.2% year-over-year and 16.5% sequentially to $19.8 million, a $3.9 million reduction versus the second quarter. That level is 39.2% below the previously identified baseline of approximately $32.5 million, which the company said represents second-quarter 2025 non-GAAP operating expenses adjusted to include a full quarter of Markforged. The company said the sequential reduction reflected the AME divestment, corporate cost-savings initiatives and continued cost discipline. Adjusted EBITDA loss from continuing operations narrowed to $4.8 million from a $9.6 million loss in the second quarter.

Chief Executive Officer Moshe Rozenbaum said the third quarter marked a turning point as the company took steps to reshape operations, reduce costs, monetize non-core assets and deploy capital. He said strategic capital allocation and returning capital to shareholders are central to the strategy. In November 2026 the board appointed Rozenbaum as chief executive, effective November 3, after he had served as interim chief executive since July 21, 2026.

During the third quarter the company repurchased approximately 7.0 million ordinary shares for about $11.1 million under a $150 million authorization. Subsequent to quarter-end it repurchased approximately 5.9 million shares for about $8.6 million. Total cash, cash equivalents, deposits, restricted deposits and marketable equity securities declined to $396.9 million as of September 30, 2026 from $433.3 million as of June 30, 2026.

The previously announced $42.5 million sale of MarkForged, Inc. to Stratasys Ltd. remained ongoing, with closing expected in the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals. Full-year 2026 financial guidance remained suspended, as first announced in May 2026. The company said it will not host a third-quarter earnings conference call.