Velo3D (VELO) Stock Jumps 17% as Q2 Revenue Smashes Wall Street Estimates
TLDR
- Velo3D reported Q2 2026 revenue of $20.7 million, up 52.3% year-over-year, beating analyst estimates of $13.52 million by over 50%
- Gross margin swung to 21.5% from negative 11.7% a year ago
- Backlog nearly doubled year-over-year to $31 million as of June 30, 2026
- Full-year 2026 revenue guidance raised to $65 million-$75 million, up from $60 million-$70 million
- CEO Arun Jaldi says the company is entering a “growth phase” after 18 months of stabilization
Velo3D (VELO) stock jumped over 17% in pre-market trading on Wednesday after the metal additive manufacturing company posted a strong second quarter that caught Wall Street off guard.
The stock had already gained 19.28% in after-hours trading on Tuesday, closing the regular session at $13.69 before the results lit the fuse.
Q2 2026 revenue came in at $20.7 million, a 52.3% year-over-year increase and a 50% sequential jump. That blew past the analyst consensus of $13.52 million by more than 52%.
VELO3D $VELO Q2’26 EARNINGS HIGHLIGHTS
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
