Additive manufacturing is a promising alternative method for fabricating components of Ni-based superalloys which are difficult to cast, form and join. However, typical thermal cycles associated with laser powder bed-fusion techniques suppress the formation of desirable microstructures containing gamma ' particles, necessitating long-time post-process heat treatments. Here we report in-situ precipitation of gamma ' (L1(2)-ordered) particles and carbides during electron-beam powder bed-fusion of Inconel-738. The gamma ' particles are homogenously distributed across the build and exhibit amultimodalsize distribution. Based on atom-probe microscopy, we propose a eutectic reaction and multiple nucleation, growth, coarsening and dissolution bursts during thermal cycling as formation mechanism.