Additively manufactured composites have been demonstrating promising results with the development of new materials of high mechanical performance, which draws attention from several fields, for example, biomedical, electronics and aeronautics. However, as such materials are based on novel technologies, it is necessary to better understand their resulting characteristics and properties. For instance, evaluating the effect of environmental conditions on their mechanical performance is important, especially when moisture‐sensitive polymers such as polyamide (PA) are employed as matrix. This work aims to understand and to characterize the moisture effect on the mechanical properties of additively manufactured Nylon and continuous carbon fiber (CF)‐reinforced Nylon‐based thermoplastic. Tensile and compressive tests were carried out in accordance with ASTM standards for the printed samples at their maximum moisture content and for samples submitted to drying after the saturated condition. Moreover, moisture absorption and swelling behaviors were assessed and discussed. The experimental results showed that moisture significantly affects the fiber/matrix interface, as well as the adhesion between printed filaments. These changes led to a decrease in the general mechanical properties in saturated state, including those in the fiber direction. Furthermore, a permanent degradation was observed in some properties after drying. Thus, the importance of considering water content and aging effect on the characterization and engineering application of 3D printed CF/PA composite was evidenced.