Velo3D shares surged 19.28% to $16.33 in after-hours trading on Tuesday after the company reported second-quarter revenue of $20.7 million, up 52.3% from a year earlier and 50% from the prior quarter, ahead of the $13.52 million analyst estimate by 52.8%. Speaking on the earnings call, CEO Arun Jaldi said demand is being driven by customers in space and energy that are moving from proven prototypes into higher-volume production. He said the intensifying space race has created a market with multiple space companies pushing to accelerate production rates, while clean energy customers are adopting turbine and design changes that are increasing manufacturing needs. Jaldi also said Velo3D would need 100 machines today to support all current programs and expects to have half that capacity in place by next year. Gross margin improved to 21.5% from negative 11.7% a year earlier, backlog nearly doubled to $31 million, cash rose to $91.1 million, and debt fell more than 70% to $8.2 million. The company raised its full-year 2026 revenue guidance to $65 million to $75 million from $60 million to $70 million and said it still expects positive adjusted EBITDA in the second half of 2026. Earnings per share came in at $-0.30, compared with an estimated $-0.27 in the existing report, while the new article said the result was slightly better than a 31-cent consensus loss. Velo3D, whose metal 3D-printing systems are used by aerospace and defense customers including Space Exploration Technologies Corp., had a market capitalization of about $407.98 million. VELO closed Tuesday's regular session at $13.69, up 5.71%.