The raised revenue guidance and strong cash position reduce near-term dilution risk and signal accelerating commercial momentum. Monitor Q3 results for continued gross margin expansion toward the >30% H2 target and progress on the Livermore campus becoming operational, which are key catalysts for the stock.
Price Chart
Executive Summary
Velo3D reported Q2 2026 revenue of $20.7M, up 52.3% YoY, and raised its full-year 2026 revenue guidance to $65M-$75M from $60M-$70M. The company also strengthened its balance sheet with ~$91M in cash after raising ~$109M in equity during the quarter, while reducing total debt by over 70% to $8.2M. The strong top-line growth, margin expansion to 21.5% from -11.7% a year ago, and increased guidance signal accelerating demand for its metal additive manufacturing solutions, particularly in defense and aerospace.
Key Financial Metrics
Key Facts
- Revenue of $20.7M, up 52.3% year-over-year
- GAAP gross margin improved to 21.5% from (11.7)% in Q2 2025
- Raised FY 2026 revenue guidance to $65M-$75M from $60M-$70M
- Cash and cash equivalents of $91.1M as of June 30, 2026, up from $39.0M at Dec 31, 2025
- Total debt reduced by more than 70% to $8.2M
- New Livermore Production Campus expected to triple manufacturing capacity
- Q2 new bookings of $29M and ending backlog of $31M
- Raised ~$109M in gross proceeds from equity offerings in Q2 2026
Financial Impact
Revenue of $20.7M (+52.3% YoY); GAAP net loss of ($11.5M) improved from ($13.3M) YoY; cash balance increased to $91.1M
Risk Factors
- Still GAAP net loss of ($11.5M) and negative operating cash flow of ($39.5M) in H1 2026
- Significant shareholder dilution from ~$109M in equity raises during Q2 2026
- Capital expenditure plans of $40M-$50M subject to financing availability
- Backlog and bookings may not convert to revenue on expected timelines
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-344537 |
| Document: velo-20260811.htm | 0001193125-26-344537 |
| Document: velo-ex99_2.htm | 0001193125-26-344537 |
| Document: 0001193125-26-344537-index-headers.html | 0001193125-26-344537 |
| Document: 0001193125-26-344537-index.html | 0001193125-26-344537 |
| Document: 0001193125-26-344537.txt | 0001193125-26-344537 |
| 8-K Data (Synthetic) | 0001193125-26-344537 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $7.47 | awaiting T+20 | — | $6.49 (−13.12%) |
Oct 15, 2026 11d ago | Press Release | $7.47 | awaiting T+20 | — | $6.49 (−13.12%) |
Oct 8, 2026 17d ago | 8-K | $8.67 | awaiting T+20 | — | $6.49 (−25.14%) |
Oct 7, 2026 19d ago | 3 | $9.10 | awaiting T+20 | — | $6.49 (−28.68%) |
Aug 11, 2026 10w ago | 8-K | $15.10 $10.44 | ▼ −30.86% | ▼ −28.96% | $6.49 (−57.02%) |
US Market Status
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