Velo3D opens Forge 1 campus to scale production capacity
Velo3D opened Forge 1, a 289,000-square-foot manufacturing campus in Livermore, to accelerate customer programs from qualification to production. The facility will initially support over 40 systems, with plans to expand beyond 100 systems. Analysts anticipate a loss of 28 cents per share on revenue of $12.97 million in the upcoming earnings report.
*this image is generated using AI for illustrative purposes only.
Velo3D, Inc. shares traded higher on Tuesday after the company opened Forge 1, a large-scale metal additive manufacturing campus designed to move customer programs from qualification into production. The nearly 289,000-square-foot Livermore facility provides increased manufacturing capacity and faster production timelines for industries such as aerospace, defense, and energy.
Forge 1 includes about 270,000 square feet of production space and can initially support more than 40 large-format metal additive manufacturing systems. Velo3D plans to expand the site beyond 100 systems over time. Combined with its Fremont headquarters, the company expects to operate up to 125 systems across both campuses.
Production Capacity and Expansion
The scale of the new campus is intended to help Velo3D handle larger production programs and convert more customer projects from development into recurring manufacturing work. The facility will begin operations in phases as systems are installed and qualified, with capacity increasing alongside customer demand.
| Metric | Detail |
|---|---|
| Total Facility Size | Nearly 289,000 square feet |
| Production Space | About 270,000 square feet |
| Initial System Support | More than 40 systems |
| Planned System Expansion | Beyond 100 systems |
| Total Systems (Both Campuses) | Up to 125 systems |
Vertically Integrated Operations
The campus will support machine assembly, production-scale printing, post-processing, inspection, quality assurance, and customer acceptance under one roof. This vertically integrated setup aims to reduce the time needed to move parts into production while providing customers a direct path to full-rate manufacturing.
Velo3D stated that the facility will strengthen domestic manufacturing capacity and support resilient supply chains for strategic industries. Its Fremont headquarters will remain focused on research and development, applications engineering, process development, qualification, and customer collaboration.
"Forge 1 is much more than a new production facility," CEO Arun Jeldi said. "It represents our commitment to helping customers and our nation build a stronger, more resilient manufacturing foundation."
Earnings Preview and Analyst Activity
The stock’s next major catalyst is Velo3D’s estimated Aug. 26 earnings report. Analysts expect a loss of 28 cents per share on revenue of $12.97 million. The stock carries a Buy rating with a consensus price forecast of $23.33, ranging from a high of $33 to a low of $17.
Recent analyst actions include Cantor Fitzgerald initiating with an Overweight rating and a target of $17 on July 9, and Needham initiating with a Buy rating and a target of $33 on June 25. Lake Street maintained a Buy rating and raised its target to $20 on May 13. Velo3D shares were up 9.37% at $10.92 at the time of publication on Tuesday.
What is the expected timeline for reaching full operational capacity at Forge 1?
How will the capital expenditure for Forge 1 impact Velo3D's financial performance in the near term?
Which industries are likely to see the earliest benefits from the increased production capacity?
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