Xometry sees Q3 2026 revenue between $234 mln and $236 mln
Company expects Q3 2026 adjusted EBITDA of $16 mln to $17 mln
Xometry raises full-year 2026 revenue growth outlook to 33%-34%
Overview
U.S. manufacturing marketplace's Q2 revenue rose 41%, beating analyst expectations
Q2 adjusted EPS met analyst expectations; adjusted EBITDA beat consensus
Company completed $248 mln equity offering to fund growth initiatives
Result drivers
Marketplace growth - Co said Q2 revenue and gross profit growth were driven by robust marketplace expansion, including a 45% year-over-year increase in marketplace revenue
AI and platform enhancements - Co cited improvements to proprietary AI models and marketplace experience as driving buyer growth and increased wallet share in larger accounts
Operating expense leverage - Co said improved adjusted EBITDA was driven by strong marketplace gross profit growth and significant operating expense leverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Xometry Inc is $89.00, about 2.3% above its August 3 closing price of $87.01
The stock recently traded at 79 times the next 12-month earnings vs. a P/E of 58 three months ago
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