Velo3D Q2 revenue beats estimates on higher prices, product mix; lifts 2026 outlook

Velo3D

11/08/2026 21:19

Overview
US metal 3D printer maker's preliminary Q2 revenue rose 52% yr/yr, beating analyst expectations
Adjusted net loss for Q2 missed analyst expectations
Company raised 2026 revenue guidance to $65 mln-$75 mln, citing strong demand and capacity expansion

Outlook
Velo3D raises 2026 revenue guidance to $65 mln-$75 mln, from $60 mln-$70 mln
Company expects gross margin above 30% in second half of 2026
Velo3D anticipates positive EBITDA in second half of 2026

Result Drivers
HIGHER SELLING PRICES AND PRODUCT MIX - Co said revenue growth was driven by increased average selling prices, favorable product mix, and higher production volume
MANUFACTURING EFFICIENCIES - Gross margin improvement reflected manufacturing efficiencies and refined allocation of labor and overhead costs
CAPACITY EXPANSION - Launch of Livermore Production Campus expected to triple manufacturing capacity and support accelerating demand

Company press release: ID:nPn6G2B4ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$20.70 mln
$13.52 mln (5 Analysts)
Q2 Adjusted Net Loss
Miss
$9 mln
$8.42 mln (4 Analysts)
Q2 Net Loss
 
$11.50 mln
 
Q2 Gross Margin
 
21.5%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $20.00, about 54.4% above its August 10 closing price of $12.95

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(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.)