Velo3D Announces Third Quarter 2026 Financial Results

Velo3D, Inc. announced its financial results for the third quarter ended September 30, 2026, reporting total revenue of $20.5 million, which represents a 50% increase compared to the same period in 2025. The company achieved new bookings of $28.9 million and ended the quarter with a backlog of $40.1 million and $75.7 million in cash and cash equivalents. Velo3D reaffirmed its 2026 revenue guidance but revised its gross margin guidance and reduced its capital expenditure expectations for the year. Additionally, the company updated its long-term outlook, now expecting to achieve positive net cash from operations in 2028. Management attributed the revenue growth to an increased number of 3D printer systems sold, higher average selling prices, and favorable product mix.