Velo3D Q3 2026 net loss widens 49% to $16.69 million; revenue rises 50% to $20.45 million
VELO•Velo3D’s third-quarter 2026 net loss widened 49% year over year to $16.69 million, while revenue rose 50% to $20.45 million. Full-year revenue guidance remains $65 million–$75 million, and the company cut capital expenditure guidance to $10 million–$20 million.
1. Quarterly results
Velo3D reported third-quarter 2026 revenue of $20.45 million, up 50% year over year, and a net loss of $16.69 million, up 49%. Gross margin rose to 26.5%, which the company attributed to higher selling prices, favorable product mix and improved manufacturing efficiencies.
2. Outlook and operations
Full-year 2026 revenue guidance remains $65 million–$75 million, while capital expenditure guidance fell to $10 million–$20 million. The Forge 1 production campus began phased operations in July but is not yet operating at scale. Management now expects positive net cash from operations in 2028, with substantial planned capital expenditures shifting into 2027.
