Velo3D reported second quarter 2026 revenue of $20.7 million, representing a 52.3% year-over-year increase and significantly outperforming expectations. While the company missed its previous target of reaching Adjusted EBITDA breakeven in the first half of the year, it utilized the strong performance to raise its annual revenue outlook and dramatically improve its liquidity position.
Key Highlights
- Revenue surged 52% to $20.7 million, driven by higher average selling prices, improved product mix, and increased parts production volume.
- Raised fiscal year 2026 revenue guidance to a range of $65 million to $75 million, up from the previous $60 million to $70 million.
- Reduced total outstanding debt by more than 70% to $8.2 million, ending the period with a significantly strengthened cash balance of $91.1 million.
- GAAP gross margin reached 21.5% compared to negative 11.7% in the prior year, with management targeting greater than 30% gross margins for the second half of 2026.