Velo3D Q1 revenue rises on higher 3D printer and parts sales

Velo3D

12/05/2026 21:21

Overview

Metal 3D printing firm's preliminary Q1 revenue rose 48% yr/yr

Gross margin improved to 17.2% from 7.5% in prior yr qtr

Company closed $50 mln equity offering in April to fund expansion

Outlook

Velo3D reaffirms 2026 revenue outlook of $60 mln to $70 mln

Company expects gross margin above 30% in second half of 2026

Velo3D expects to achieve positive EBITDA in the second half of 2026

Result Drivers

SYSTEM SALES AND PRICING - 3D printer and parts revenue rose 60% yr/yr, driven by higher average selling prices and more systems sold, as well as increased RPS revenues

DEFENSE AND AEROSPACE DEMAND - Co said demand remains strong in defense and aerospace, with customers prioritizing scalable, high-performance additive manufacturing solutions

GROSS MARGIN IMPROVEMENT - Gross margin rose to 17.2%, primarily due to higher average selling price of Sapphire XC systems and increased RPS volume

Company press release: ID:nPn1ZLNbYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$13.80 mln
$9.85 mln (2 Analysts)
Q1 Adjusted EPS
-$0.20
Q1 Adjusted Net Income
Beat
-$5.10 mln
-$10.64 mln (2 Analysts)
Q1 Net Income
-$7 mln
Q1 Gross Margin
17.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Velo3D Inc is $21.50, about 48.6% above its May 11 closing price of $14.47

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)