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Velo3D's Q3 revenue rises 50%, beats estimates

By Reuters News


Overview

  • US metal 3D printing firm's preliminary Q3 revenue rose 50% yr/yr, beating analyst expectations

  • Adjusted net loss for Q3 widened and missed analyst expectations

  • Gross margin improved to 26.5% from 3.2% on higher prices, efficiencies and product mix


Outlook

  • Velo3D reaffirms 2026 revenue guidance of $65 mln to $75 mln

  • Company lowers 2026 gross margin outlook, no longer expects >30% in H2 2026

  • Capital expenditures for 2026 now seen at $10 mln to $20 mln, down from $40 mln to $50 mln


Result Drivers

  • HIGHER SYSTEM SALES - Revenue growth was driven by an increase in the number of 3D printer systems sold, higher average selling prices and a more favorable product mix

  • MANUFACTURING EFFICIENCIES - Gross margin improvement attributed to higher average selling prices, improved manufacturing efficiencies, and increased production volumes that improved absorption of fixed manufacturing costs

  • OPERATING EXPENSES UP - Operating expenses rose as co invested in people, technology and operational capabilities to bring the Livermore Production Campus (Forge 1) online and prepare for expanded production


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$20.45 mln

$19.34 mln (4 Analysts)

Q3 Adjusted Loss Per Share

$0.34

Q3 Loss Per Share

$0.52

Q3 Adjusted Net Loss

Miss

$10.83 mln

$8.26 mln (3 Analysts)

Q3 Net Loss

$16.69 mln

Q3 Gross Margin

26.5%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electronic equipment & parts peer group is "buy"

  • Wall Street's median 12-month price target for Velo3D Inc is $23.00, about 269.2% above its November 9 closing price of $6.23


Reuters Recommended Reads

  • Nov 9 - Elmet Group Q3 revenue jumps 56% on aerospace demand

  • Nov 10 - TransDigm tops Q4 revenue, adjusted profit estimates

  • Nov 9 - Sanmina Q4 revenue, adjusted EPS beat analyst estimates on core business growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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