3D Systems CEO Jeffrey Graves to Depart; Search Underway

3D Systems has commenced a comprehensive search for its next President and CEO, engaging an executive search firm to lead the process. Dr. Jeffrey Graves is retiring from his roles as President and CEO and will also step down from the Board of Directors. The company anticipates appointing a replacement before the close of 2026.

Graves will continue to lead the company as CEO and President until the transition is complete. Following his departure from daily operations, he will serve in a consulting capacity for six months to ensure a smooth handover of responsibilities. This leadership change announcement coincides with the company's release of its second quarter 2026 financial results.

In Q2 2026, 3D Systems reported a slight year-over-year revenue decrease of 0.3%. However, excluding revenue from divested businesses like Geomagic, 3DXpert, and Oqton in 2025, revenue saw a 1.4% increase. The company recorded a net loss of $12.9 million for the quarter, a significant shift from the $104 million net profit in the same period last year, which was boosted by the $125.7 million sale of Geomagic. Notably, healthcare revenues grew by 6.8% year-over-year, and aerospace and defense revenues increased by over 20%.

Graves, who joined 3D Systems in May 2020, has overseen initiatives focused on cost reduction, mergers, acquisitions, and divestitures to improve financial performance, including the sale of Quickparts and its software portfolio. He expressed pride in the company's progress and confidence in its future, stating his commitment to a seamless transition.