Velo3D Q2 Revenue Jumps 52%, Raises Full-Year Guidance, Margins Turn Positive
VELO has more than doubled off its 52-week low of $2.81.
Summary
Velo3D reported Q2 2026 revenue of $20.7 million, a 52.3% increase year-over-year, with gross margin turning positive at 21.5%. The company raised its full-year revenue guidance to $65-$75 million and expects positive EBITDA in H2 2026.
Key Events · Earnings and Guidance · VELO
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Revenue Surges 52%
Driven by higher printer and parts sales, Q2 2026 revenue reached $20.7 million, up from $13.6 million in Q2 2025.
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Gross Margin Turns Positive
Gross margin improved to 21.5% from (11.7)% a year ago, reflecting higher average selling prices, a favorable product mix, and manufacturing efficiencies.
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Full-Year Guidance Raised
Management increased FY2026 revenue guidance to $65-$75 million from $60-$70 million and expects >30% gross margin and positive EBITDA in H2 2026.
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Balance Sheet Strengthened
Cash and equivalents stood at $91.1 million as of June 30, 2026, following $50 million from a registered direct offering and $59.4 million from the ATM program in Q2.
Analysis · VELO · Technology
A strong quarter for Velo3D saw revenue climb 52% year-over-year while gross margins swung from negative to 21.5%, marking a potential inflection point. The company raised its full-year revenue guidance and now expects positive EBITDA in the second half. With $91 million in cash following recent capital raises, the balance sheet is significantly stronger, though the going-concern risk noted in prior filings remains a backdrop. Operational expansion through the new Livermore campus and strategic partnerships adds further growth momentum.
At the time of this filing, VELO was trading at $13.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $408M. The 52-week trading range was $2.81 to $31.75. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.