Velo3D (VELO) just gave its shareholders a nice surprise. The metal 3D printing company reported first-quarter results after Tuesday's close that absolutely crushed analyst expectations. Let's dig into the numbers.
Velo3D posted a quarterly loss of 20 cents per share. That sounds bad, but analysts were expecting a loss of 48 cents. So the company lost less than half what Wall Street feared. Revenue came in at $13.82 million, beating the Street estimate of $9.85 million by a whopping 40%. And it was up from $9.32 million in the same quarter last year.
The growth was driven by a 60% jump in 3D printer and parts revenue compared to the first quarter of 2025. The company said that was thanks to higher average selling prices, more systems sold, and an increase in RPS revenues.
“For the first quarter, we delivered a strong start to 2026 with revenue up 48% year-over-year, reflecting recent sales momentum and disciplined execution across our end markets,” said Arun Jeldi, CEO of Velo3D.
Looking ahead, Velo3D reaffirmed its 2026 revenue guidance of $60 million to $70 million and said it expects to turn EBITDA positive in the second half of 2026. That's a big milestone for a company that's been burning cash.
Investors liked what they heard. Velo3D stock was up 14.5% to $16.10 in Tuesday's extended trading session.
