VELO Stock Headed For Best Single-Day Gains In 5 Months — CEO Touts Key Inflection Point For Velo3D In Q1

• This was the third consecutive quarter in which Velo3D beat Wall Street’s revenue estimates.
• Velo3D guided fiscal year 2026 revenue in the range of $60 million to $70 million, with the midpoint of $65 million above Wall Street expectations of $64 million.
• The company said it secured a $9.8 million, five-year contract tied to the Defense Logistics Agency’s JAMA Pilot Parts Program.

Shares of Velo3D Inc. (MU) soared more than 47% in Wednesday’s opening trade, with the stock now headed for its best single-day performance in about five months.

The surge in VELO stock follows the company's after-hours report of its first-quarter (Q1) results on Tuesday. Velo3D reported a loss of $0.2 per share on revenue of $13.8 million, while Wall Street analysts expected Velo3D to report a loss of $0.48 on revenue of $9.9 million, according to Fiscal.ai data.

This was the third consecutive quarter in which Velo3D beat Wall Street’s revenue estimates.

“Importantly, we achieved positive gross margin this quarter, a key inflection point that validates our operating model as we scale production and continue to drive cost efficiency,” said Velo3D CEO Arun Jeldi.

Velo3D shares pared some of the gains, hovering 44% higher in Wednesday’s opening trade, with the stock hitting a four-month high.

VELO’s FY26 Revenue Estimate Beat Expectations

Velo3D guided for the fiscal year 2026 revenue to be in the $60 million to $70 million range. At a midpoint of $65 million, it is above Wall Street’s $64 million estimate.

The company said it was awarded a $9.8 million, five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract supporting the Defense Logistics Agency’s Joint Additive Manufacturing Acceptability (JAMA) Pilot Parts Program.

The initiative focuses on accelerating the adoption of 3D-printed components across military sustainment and maintenance operations.

Velo3D also stated that it expects to report positive earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second half of 2026.

Lake Street Turns Bullish On VELO

According to TheFly, analysts at Lake Street raised their price target for Velo3D to $20 from $18 while maintaining a ‘Buy’ rating on the stock.

The analyst said the company’s strong results should reinforce investor confidence in its expected growth ramp this year, particularly as demand for AI infrastructure and memory products continues to accelerate following the earnings report.

According to Koyfin data, the average 12-month price target for VELO is $21.5, implying a potential upside of 6% from current levels. Two analysts currently cover the stock, with both issuing a ‘Buy’ rating.

What Do Retail Traders Think Of VELO?

Retail sentiment on Stocktwits around Velo3D trended in the ‘extremely bullish’ territory with message volumes at ‘high’ levels.

One bullish user on the platform believes Velo3D will be a multibagger stock.

VELO stock is up 50% year-to-date and 122% over the past 12 months. The 3D Printing ETF (PRNT) is up 14% over the past 12 months, while the Tema Space Innovators ETF (NASA) is up 42%.

Also See: MU Stock is Up 169% YTD, But BofA Sees A Further 24% Upside Potential

For updates and corrections, email newsroom[at]stocktwits[dot]com.