Velo3D's Q3 revenue rises 50%, beats estimates
VLD•Velo3D's preliminary Q3 revenue rose 50% year over year to $20.45 million, beating the $19.34 million consensus, while adjusted net loss widened to $10.83 million and missed estimates. Gross margin improved to 26.5%; the company reaffirmed 2026 revenue guidance but lowered its gross margin outlook and capital expenditure forecast.
1. Revenue and margins
Velo3D reported preliminary Q3 revenue of $20.45 million, up 50% year over year and above the $19.34 million analyst estimate. Adjusted net loss widened to $10.83 million, missing the $8.26 million estimate. Gross margin rose to 26.5% from 3.2%.
2. 2026 outlook
The company reaffirmed 2026 revenue guidance of $65 million to $75 million, but no longer expects gross margin above 30% in the second half of 2026. It now expects 2026 capital expenditures of $10 million to $20 million, down from its prior outlook of $40 million to $50 million.
3. Results drivers
Revenue growth reflected more 3D printer systems sold, higher average selling prices and a more favorable product mix. Velo3D attributed the gross margin improvement to higher prices, manufacturing efficiencies and increased production volumes. Operating expenses rose as it invested in people, technology and capabilities to bring its Livermore Production Campus, Forge 1, online and prepare for expanded production.
