Materialise reported robust Q2 results with record quarterly revenues and profits exceeding consensus expectations, which we anticipated in our 2Q24 earnings preview. In addition to showing growth across all 3 business segments, MTLS showed strong cost controls in the quarter that led to Y/Y margin expansion and reporting stronger than expected profits in Q2. Materialise also highlighted the fundamentals across all 3 segments remains strong and reiterated 2024 guidance.