Why Is Velo3D Stock Skyrocketing Wednesday?
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Velo3D (NASDAQ: VELO) stock surged over 50% after reporting Q1 earnings that exceeded expectations, with revenue rising 48% to $13.8 million, driven by strong demand in aerospace and defense. The company beat analysts' loss estimates and reported a backlog increase to $30 million. Velo3D secured significant defense contracts and maintained its 2026 revenue guidance of $60-$70 million, expecting positive EBITDA in the second half of 2026. The stock was trading at $21.38 at the time of publication.
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