VELO
The ‘we’re not stuck anymore’ tour
Velo3D spent the last 18 months basically trying to keep the lights on. Now CEO Arun Jaldi says the company is finally out of stabilization mode and into growth mode — which is corporate-speak for: please stop treating us like a fire drill.
The market liked the message. Shares jumped 19% after hours after Velo3D reported Q2 revenue of $20.7 million, up 52.3% year over year and well above Wall Street’s $13.52 million estimate. The company still lost money on the bottom line, but the revenue beat was enough to get investors doing a little victory lap.
The numbers that matter
The real glow-up wasn’t just top-line growth. Velo3D said:
- gross margin swung to 21.5% from negative 11.7% a year ago
- backlog nearly doubled to $31 million
- cash climbed to $91.1 million
- debt fell more than 70% to $8.2 million
That combo is basically the financial equivalent of cleaning your room, paying down your credit card, and finding an extra $20 in the couch.
Why investors are leaning in
Velo3D also lifted full-year 2026 revenue guidance to $65 million-$75 million from $60 million-$70 million and still expects positive adjusted EBITDA in the second half of the year. That matters because turnaround stories usually get one of two endings: “promising” or “remember that company?” Right now, Velo3D is trying very hard to land in the first bucket.
Big picture: the company still has a lot to prove, but this quarter gave investors something they’ve been waiting for — evidence that the turnaround might actually be turning.