#Additive Manufacturing #Velo3D #Q1 2026

Velo3D Releases First Quarter 2026 Financial Results

On May 12, 2026, Velo3D, Inc. (Nasdaq: VELO), a notable player in the additive manufacturing (AM) sector, announced its financial outcomes for the first quarter ending March 31, 2026. The company reported impressive revenues of $13.8 million, marking a 48% increase compared to the same quarter last year. This substantial growth underlines Velo3D’s commitment to excellence in providing cutting-edge metal 3D printing solutions for the aerospace and defense industries.

Key Business Developments

Several significant developments in the company’s operations include:

• - Velo3D secured a $9.8 million IDIQ contract with the Defense Logistics Agency supporting the JAMA Pilot Parts Program, which aims to integrate additively manufactured components into military supply chains.
• - The appointment of Jim Suva as Chief Financial Officer, bringing extensive industry expertise to the financial helm.
• - The completion of a direct offering in April 2026, resulting in the sale of 3,571,428 shares of common stock and raising around $50 million in gross proceeds.

Arun Jeldi, Velo3D’s CEO, expressed confidence in the company’s trajectory: "For the first quarter, we delivered a strong start to 2026 with revenue up 48% year-over-year, reflecting recent sales momentum and disciplined execution across our end markets." He emphasized that this growth reinforces Velo3D’s operational model as it aims to optimize production and drive cost efficiencies.

Financial Highlights

The financial performance of Velo3D revealed critical insights into its operation:

• - Gross margin improved to 17.2%, a significant rise from 7.5% in Q1 2025.
• - The net loss for the quarter was $7.0 million, down from $25.0 million in the same period last year, indicating a more sustainable financial position.
• - The company also noted a considerable reduction in operating expenses, totaling $9.3 million compared to $12.2 million in the first quarter of 2025.

With these improvements, Velo3D is setting its sights on further strengthening its position in the AM market. The first quarter alone saw a 60% increase in revenue from 3D printers and parts—this was attributed to higher average selling prices and increased sales volumes, along with a growth in revenues from recurring payment services (RPS).

Future Outlook

Looking ahead, Velo3D reaffirms its revenue outlook for 2026, projecting earnings to be between $60 million and $70 million and an intention to achieve positive EBITDA in the second half of the year. The company anticipates a substantial increase in its gross margin exceeding 30% as production scales up.

Jim Suva noted, "During Q1, the company completed debt-to-equity conversions amounting to $15 million and successfully reduced outstanding debt by approximately 70%, now totaling just around $9 million. This strategic move has allowed us to optimize our capital structure as we focus on growth."

Conclusion

With its remarkable quarter one results and the robust team in place, Velo3D is poised for a promising year. Their advances in additive manufacturing technology continue to forge a new future in aerospace and defense, ensuring that the company remains at the forefront of innovation in its field. The upcoming conference call will provide further insights into their strategic direction and plans for future growth within this dynamic industry.