Is Saudi Electric’s Stake and New Partnerships Shifting the Investment Case for 3D Systems (DDD)?

3D Systems recently announced that Saudi Electric Company has acquired a 30% stake in its joint venture NAMI, while NAMI secured a five-year, US$26 million framework agreement with Modern Isotope Factory to manufacture tungsten components for non-destructive testing devices. Lockheed Martin has also entered into a collaboration with NAMI to qualify and manufacture critical aerospace and defense parts in Saudi Arabia, expanding 3D Systems’ influence across the Kingdom’s key industrial sectors. We’ll explore how Saudi Electric Company’s investment could impact 3D Systems’ investment narrative and growth prospects in the Saudi market.

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3D Systems Investment Narrative Recap

To be a shareholder in 3D Systems, you need to believe in the company's ability to pivot from customer spending slowdowns and margin pressure through high-value contracts and international partnerships. The recent investment by Saudi Electric Company and the NAMI joint venture collaboration with Lockheed Martin mark important progress in expanding 3D Systems' industrial presence abroad, but these moves do not change the most pressing risk of prolonged customer uncertainty and deferred equipment spending, nor do they replace the immediate need for revenue stabilization.

Among recent developments, the five-year, US$26 million framework agreement with the Modern Isotope Factory stands out, closely tied to this latest Saudi partnership. This contract highlights 3D Systems' strategy to build recurring, higher-margin industrial revenues outside its traditional markets and complements its ongoing efforts to convert pipeline opportunities amid elongated sales cycles.

However, it’s important not to overlook that persistent delays in major industrial capex buying could still limit growth opportunities for 3D Systems in the near term, a factor investors should be aware of if...

Read the full narrative on 3D Systems (it's free!)

3D Systems is projected to generate $359.5 million in revenue and $2.6 million in earnings by 2028. This outlook assumes a 4.5% annual decline in revenue and a $147.4 million improvement in earnings, rising from the current loss of $-144.8 million.

Uncover how 3D Systems' forecasts yield a $3.25 fair value, a 7% upside to its current price.

Exploring Other PerspectivesDDD Community Fair Values as at Oct 2025

Three recent fair value estimates from the Simply Wall St Community span US$2.36 to US$4 per share, reflecting sharply varied outlooks. While community members’ projections range widely, the continued extension of sales cycles suggests meaningful differences in expectations for 3D Systems’ near-term revenue recovery, explore more independent analyses to get the full picture.

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Explore 3 other fair value estimates on 3D Systems - why the stock might be worth 22% less than the current price!

Build Your Own 3D Systems Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

A great starting point for your 3D Systems research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free 3D Systems research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate 3D Systems' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include DDD.

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