Velo3D Reports Strong Q3 2026 Earnings with Significant Growth in Revenue and New Bookings
Velo3D, Inc., a notable player in the metal additive manufacturing sector, particularly in the aerospace and defense industries, recently disclosed its financial performance for the third quarter of 2026, revealing remarkable growth metrics. As of September 30, 2026, the company reported revenues totaling $20.5 million, which marks a notable 50% increase compared to the previous year.
During the third quarter, Velo3D secured new bookings of $28.9 million, a figure that not only demonstrates strong demand for its innovative technology but also surpasses its revenue for the period. The company's gross margin for this quarter reached 26.5%, a substantial leap from just 3.2% in the same quarter of 2025, due to improved pricing strategies and production efficiencies.
Arun Jeldi, the CEO of Velo3D, attributed these impressive results to ongoing investments in operational capabilities, talents, and technology, which are essential for scaling production. The launch of the Livermore Production Campus, Forge 1, in July 2026 plays a pivotal role in the company’s growth trajectory. This facility is expected to expand manufacturing capacity and enable Velo3D to handle larger production demands, particularly in sectors requiring high-quality additive manufacturing.
Velo3D also recently advanced its strategic partnerships, including an expanded collaboration with Mears Machine Corporation, which has ordered its sixth Sapphire® XC system, dedicated to copper-nickel additive manufacturing. This partnership not only diversifies Velo3D's production capabilities but also strengthens its foothold in shipbuilding and offshore applications.
Additionally, Velo3D joined the Government-Industry Data Exchange Program (GIDEP). This partnership aims to enhance quality, reliability, and supply chain management for defense manufacturing, ensuring access to crucial information for producing mission-critical components.
The company anticipates that as Forge 1 transitions to full operational capacity, it will enable Velo3D to pursue larger production programs across a multitude of industries, including aerospace, defense, space, and energy. Despite this positive outlook, Velo3D has adjusted its 2026 capital expenditure guidance, now forecasting these expenses to be between $10 million and $20 million, reflecting a strategic shift toward long-term operational sustainability.
As of the end of September, Velo3D boasted cash and cash equivalents amounting to $75.7 million, an increase from the previous year. This growth has been partially driven by substantial financing activities earlier in the year. Management has also reaffirmed its full-year revenue guidance, projecting revenues in the range of $65 million to $75 million, alongside an expectation of achieving positive net cash from operations and positive EBITDA by 2028.
Overall, Velo3D’s third-quarter results underscore its robust market position and commitment to innovation in metal additive manufacturing. With strategic investments and partnerships in place, the company is on track to meet evolving customer demands and further enhance its reputation in the aerospace and defense markets. Investors and stakeholders are encouraged to tune into the upcoming conference call for more in-depth discussions regarding future growth and strategic initiatives.
Financial Highlights
During the third quarter, Velo3D secured new bookings of $28.9 million, a figure that not only demonstrates strong demand for its innovative technology but also surpasses its revenue for the period. The company's gross margin for this quarter reached 26.5%, a substantial leap from just 3.2% in the same quarter of 2025, due to improved pricing strategies and production efficiencies.
Operational Investments
Arun Jeldi, the CEO of Velo3D, attributed these impressive results to ongoing investments in operational capabilities, talents, and technology, which are essential for scaling production. The launch of the Livermore Production Campus, Forge 1, in July 2026 plays a pivotal role in the company’s growth trajectory. This facility is expected to expand manufacturing capacity and enable Velo3D to handle larger production demands, particularly in sectors requiring high-quality additive manufacturing.
Strategic Partnerships and Initiatives
Velo3D also recently advanced its strategic partnerships, including an expanded collaboration with Mears Machine Corporation, which has ordered its sixth Sapphire® XC system, dedicated to copper-nickel additive manufacturing. This partnership not only diversifies Velo3D's production capabilities but also strengthens its foothold in shipbuilding and offshore applications.
Additionally, Velo3D joined the Government-Industry Data Exchange Program (GIDEP). This partnership aims to enhance quality, reliability, and supply chain management for defense manufacturing, ensuring access to crucial information for producing mission-critical components.
Looking Ahead
The company anticipates that as Forge 1 transitions to full operational capacity, it will enable Velo3D to pursue larger production programs across a multitude of industries, including aerospace, defense, space, and energy. Despite this positive outlook, Velo3D has adjusted its 2026 capital expenditure guidance, now forecasting these expenses to be between $10 million and $20 million, reflecting a strategic shift toward long-term operational sustainability.
Cash Position and Future Guidance
As of the end of September, Velo3D boasted cash and cash equivalents amounting to $75.7 million, an increase from the previous year. This growth has been partially driven by substantial financing activities earlier in the year. Management has also reaffirmed its full-year revenue guidance, projecting revenues in the range of $65 million to $75 million, alongside an expectation of achieving positive net cash from operations and positive EBITDA by 2028.
Conclusion
Overall, Velo3D’s third-quarter results underscore its robust market position and commitment to innovation in metal additive manufacturing. With strategic investments and partnerships in place, the company is on track to meet evolving customer demands and further enhance its reputation in the aerospace and defense markets. Investors and stakeholders are encouraged to tune into the upcoming conference call for more in-depth discussions regarding future growth and strategic initiatives.
Topics Consumer Technology）
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