Velo3D Q2 revenue jumps 52%, gross margin turns positive, and full-year outlook raised

Velo3D reported a strong Q2 2026 with revenue rising 52.3% to $20.7 million, well above analyst estimates of $13.52 million. The company turned profitable on a gross margin basis, improving from -11.7% last year to 21.5%, driven by higher selling prices and Rapid Production Services. Order backlog nearly doubled to $31 million, and cash increased while debt dropped significantly. CEO Arun Jaldi confirmed demand exceeds current production, prompting plans for a new facility to triple output by 2028. The full-year revenue forecast was raised to $65-$75 million, signaling a shift into a growth phase after 18 months of stabilization.