Velo3D Q1 Revenue Jumps 48%, Secures Defense Contract and Adds Lily Mei
VELO•Velo3D reported Q1 2026 revenue surged 48% year-over-year and secured a multi-year defense logistics contract as the company anchors the production layer of the space sector’s repricing. The firm also appointed former Fremont mayor Lily Mei as an independent director to bolster strategic partnerships and governance.
1. Strong First-Quarter Growth
In the first quarter of 2026, Velo3D achieved 48% year-over-year revenue growth, reflecting increased demand for its metal additive-manufacturing systems in aerospace and defense markets.
2. Secured Multi-Year Defense Logistics Contract
The company secured a multi-year defense logistics contract, expanding its presence in mission-critical supply chains and underpinning its revenue growth outlook.
3. Appointed Lily Mei to Board
Velo3D added former Fremont mayor Lily Mei as an independent director, leveraging her government and private-sector leadership to strengthen strategic partnerships and governance.
4. Benefiting from Space Sector Repricing
As the space sector undergoes repricing driven by a landmark flagship IPO, Velo3D’s performance and market positioning may attract increased investor attention and multiple expansion.
