Velo3D

Velo3D reported Q2 2026 revenue of $20.7 million, up 52.3% year-over-year, driven by higher average selling prices, product mix improvements, and increased recurring payment services (RPS) revenue from higher production volumes. Gross margin expanded to 21.5% from negative 11.7% in Q2 2025, reflecting labor and overhead cost allocation refinements, higher ASPs, favorable product mix, and manufacturing efficiencies. GAAP net loss improved to $11.5 million from $13.3 million. Operationally, the company launched its Livermore Production Campus expected to triple manufacturing capacity and become operational later in 2026; expanded partnership with Mears Machine for distributed manufacturing with orders for additional Sapphire XC systems; and entered strategic partnership with Aurelia Technologies for next-generation gas turbine applications. Bookings totaled $29 million in Q2 with $31 million ending backlog. Cash position strengthened to $91.1 million through $50 million registered direct offering and $59.4 million at-the-market offering, reducing total debt by over 70% to $8.2 million. Management raised full-year 2026 revenue guidance to $65–75 million from $60–70 million and guided for sequential gross margin improvement, greater than 30% gross margin in H2 2026, and positive EBITDA in H2 2026.