Velo3D Reports Q3 2026 Revenue Growth Driven by Aerospace Demand
Velo3D (VELO) reported third-quarter revenue of $20.5 million, representing a 50% year-over-year increase fueled by rising demand for metal additive manufacturing in the aerospace and defense sectors. The company saw significant improvements in gross margins, which rose to 26.5% from 3.2% in the prior year period, supported by higher average selling prices and improved production efficiencies. Despite strong bookings of $28.9 million and a growing backlog of $40.1 million, the company reported a GAAP net loss of $16.7 million ($0.52 per share). Management has revised its profitability timeline, now targeting positive EBITDA and operating cash flow by 2028. While capital expenditure guidance was lowered, the company also adjusted its near-term gross margin expectations downward for the second half of 2026.
Tickers: $VELO
Topics: aerospace and defense debt reduction gross margin improvement metal additive manufacturing revenue growth