Velo3D Q1 revenue rises 48% amid AM demand
Velo3D, Fremont, California, USA, has reported first quarter 2026 revenue of $13.8 million, up 48% year-on-year, citing continued demand for its metal Additive Manufacturing machines, increased sales prices and growth within its Rapid Production Solutions (RPS) services.
“Demand remains particularly strong in defence and aerospace, where customers are prioritising scalable, high‑performance Additive Manufacturing solutions,” explained Arun Jeldi, CEO. “To support this demand and accelerate our expansion, we completed a successful equity offering in April, securing additional capital to invest in talent and operational infrastructure.”
“We believe our competitive position is strengthening as we deepen customer relationships and expand into new programs. We remain focused on executing our expansion plans to capture these opportunities and drive long‑term value creation,” he concluded.
Gross margin for the quarter increased to 17.2%, compared to 7.5% during the same period in 2025. The company noted that it expects its RPS business to contribute a growing share of revenue under its revised go-to-market strategy, although machine sales are expected to remain the company’s primary revenue driver through 2026.
Article: Inside Nikon’s metal AM strategy
Part 2: Scaling industrial production in Long Beach
| Read now |
The company reported $12 million in new bookings during the quarter and an ending backlog of $30 million. According to the report, Velo3D achieved a reduction in its outstanding debt by approximately 70% to around $9 million following debt-to-equity conversions and repayment of secured notes.
This quarter also saw the company receive a $9.8 million, five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract supporting the US Defense Logistics Agency’s Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program.
For the full year 2026, Velo3D reiterated revenue guidance of $60–70 million and stated that it expects gross margin to exceed 30% during the second half of the year. The company also stated that it expects to achieve positive EBITDA during the second half of 2026.
