Velo3D Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $20.5 million, up 50% year-over-year
- ➤New bookings reached $28.9 million; backlog stood at $40.1 million
- ➤Gross margin rose to 26.5% from 3.2% year-over-year
- ➤2026 capital expenditure guidance reduced to $10 million-$20 million from $40 million-$50 million
- ➤Positive net cash from operations and positive EBITDA now expected in 2028
Expert Statements
Arun Jeldi, Chief Executive Officer of Velo3D
“We delivered solid third quarter results, with revenue increasing approximately 50% year-over-year to $20.5 million and new bookings reaching $28.9 million, exceeding revenue for the quarter.”
Arun Jeldi, Chief Executive Officer of Velo3D
“These results reflect continued customer demand for our metal additive manufacturing technology and the progress we are making in executing our growth strategy.”
Arun Jeldi, Chief Executive Officer of Velo3D
“We believe these investments are an important step in positioning Velo3D to scale operations and meet customer demand.”
Arun Jeldi, Chief Executive Officer of Velo3D
“Looking ahead, Forge 1 is central to Velo3D's next phase of growth and is expected to significantly expand our production capacity as it becomes fully operational, enabling us to pursue larger production programs and capture opportunities across aerospace, defense, space and energy.”
Arun Jeldi, Chief Executive Officer of Velo3D
“While a substantial portion of our planned capital expenditures is shifting into 2027, we believe these investments in infrastructure, talent and manufacturing capabilities are essential to scaling our operations, strengthening execution and building the foundation for sustainable, profitable growth.”
Velo3D Announces Third Quarter 2026 Financial Results PR Newswire
* Revenue of $20.5 million, up 50% year-over-year * New bookings of $28.9 million * Gross margin of 26.5% * Cash and cash equivalents of $75.7 million as of September 30, 2026 * Reaffirms 2026 Revenue Guidance; Revises 2026 Gross Margin Guidance; Reduces 2026 Capital Expenditures Guidance; Now Expects Positive Net Cash from Operations in 2028 FREMONT, Calif., Nov. 10, 2026 /PRNewswire/ -- Velo3D, Inc. (Nasdaq: VELO) ("Velo3D" or the "Company"), a leading metal additive manufacturing ("AM") technology company focused on aerospace and defense supply chains, today announced financial results for its third quarter ended September 30, 2026.
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