Velo3D reports 50% revenue growth in Q3 2026 as bookings reach $28.9M
Velo3D, Inc., headquartered in Fremont, California, USA, has announced the financial results for its third quarter ended September 30, 2026. The company, a specialist in metal Additive Manufacturing technology for aerospace and defence supply chains, posted a total revenue of $20.5 million, a year-on-year increase of 50%.
“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. These results reflect continued customer demand for our metal Additive Manufacturing technology and the progress we are making in executing our growth strategy. Operating expenses increased as we continued investing in the people, technology and operational capabilities needed to bring our Livermore Production Campus, Forge 1, online and prepare for expanded production. We believe these investments are an important step in positioning Velo3D to scale operations and meet customer demand,” commented Arun Jeldi, CEO, Velo3D.
Velo3D also reported a gross margin of 26.5%, up from 3.2% in Q3 2025, and, as Jeldi noted, reported $28.9 million in new bookings during the quarter. The quarter’s GAAP net loss widened to $16.7 million, compared with $11.2 million in Q3 2025.
The company also disclosed that its capital expenditure guidance was reduced from $40–50 million to $10–20 million, with substantial investment deferred until 2027. Positive EBITDA is also now anticipated in 2028, rather than in the second half of 2026.
Jeldi added: “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, defence, space and energy. 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 opened its Forge 1 production campus in Livermore in July 2026. Operations have commenced in phases, although the facility is not yet operating at scale. The company expects it to become its primary manufacturing centre.
