Velo3D raises 2026 revenue guidance after 52% Q2 growth
Velo3D, headquartered in Fremont, California, USA, has reported second-quarter 2026 revenue of $20.7 million, up 52.3% year on year from $13.6 million. Gross margin improved to 21.5%, compared with (11.7%) in the second quarter of 2025, while GAAP net loss narrowed to $11.5 million from $13.3 million.
“We delivered a strong quarter, with 52.3% year-over-year revenue growth, expanding margins and disciplined execution across our business,” stated Arun Jeldi, Chief Executive Officer. “The strength of our results reflects the increasing demand for our advanced metal Additive Manufacturing solutions, the successful execution of our commercial strategy and our team’s relentless focus on operational excellence. During the quarter, we expanded strategic customer relationships, advanced new partnerships and continued building momentum across the aerospace, defence, energy and space markets, positioning Velo3D for continued growth.
“Looking ahead, we are entering an exciting new phase for Velo3D with the launch of our Livermore Production Campus, which we expect will triple our manufacturing capacity and become our primary production and manufacturing centre. This expansion is expected to significantly enhance our ability to meet growing customer demand, shorten delivery timelines and support larger production programmes as Additive Manufacturing becomes an increasingly important part of next-generation industrial supply chains. With expanded capacity, a strengthened balance sheet and a growing pipeline of opportunities, we believe Velo3D is well-positioned to capitalise on the market opportunities ahead,” Jeldi concluded.
During the quarter, Velo3D launched its Livermore Production Campus, which it expects will triple manufacturing capacity and become its primary production centre. The campus is expected to become operational later this year. Mears Machine Corporation also ordered its fifth Sapphire XC metal Additive Manufacturing machine, with options for two more machines.
As of June 30, 2026, Velo3D had $91.1 million in cash and cash equivalents, compared with $39.0 million at the end of 2025. Following equity raises and debt-to-equity conversions, total outstanding debt was reduced by more than 70% to $8.2 million. Second-quarter bookings totalled $29 million, with an ending backlog of $31 million.
Jim Suva, Chief Financial Officer of Velo3D, said, “With approximately $91 million in cash and cash equivalents at quarter end, Velo3D has greater financial flexibility to execute our growth strategy and support capacity expansion, technology development and customer programmes while maintaining a disciplined approach to capital allocation. Combined with our significantly reduced debt, we believe our strengthened balance sheet supports our ability to execute our strategic initiatives, scale our operations and capitalise on the growing demand for advanced metal Additive Manufacturing solutions across the aerospace, defence, energy and space markets.”
Velo3D has increased its full-year 2026 revenue guidance to $65–75 million, from $60–70 million, based on first-half performance, backlog and pipeline, while reaffirming its other full-year guidance.
