Key Takeaways
- Xometry's stock surged 39% after reporting record Q1 2026 results and a partnership with Siemens
- Revenue climbed 36% year-over-year to $205 million, with marketplace revenue jumping 40%
- Earnings per share beat expectations at 12 cents, with adjusted EBITDA improving to $10.5 million
- Xometry's AI-powered manufacturing platform and digital sourcing capabilities drove growth
- The company's partnership with Siemens is expected to further enhance its manufacturing capabilities
Introduction to Xometry's Record Quarter
Xometry, a leading on-demand manufacturing platform, reported a record first quarter in 2026, driven by accelerating marketplace growth and rising profitability. The company's strong financial performance was fueled by its AI-powered manufacturing platform, which provides a range of services including CNC machining, injection molding, sheet metal fabrication, and urethane casting.
Partnership with Siemens
Xometry's partnership with Siemens is a significant development, expected to enhance the company's manufacturing capabilities and drive further growth. The partnership will leverage Siemens' expertise in digitalization and automation to improve Xometry's production lead times, quoting systems, and overall manufacturing efficiency.
Financial Performance
Xometry's financial performance was impressive, with revenue climbing 36% year-over-year to $205 million. Marketplace revenue jumped 40%, driven by growing demand for the company's on-demand manufacturing services. Earnings per share came in at 12 cents, beating Wall Street expectations, while adjusted EBITDA improved sharply to $10.5 million from just $0.1 million a year earlier.
Comparison of Xometry's Services
| Service | Description | Growth |
|---|---|---|
| CNC Machining | Computer-controlled machining services | 30% |
| Injection Molding | Plastic injection molding services | 25% |
| Sheet Metal Fabrication | Metal fabrication services | 20% |
| Urethane Casting | Urethane casting services | 15% |
| Additive Manufacturing | 3D printing services | Not disclosed |
Leadership Transition
Xometry's earnings call also provided insight into the company's upcoming leadership transition, with current CEO Randy Altschuler discussing the results alongside President and CFO, Thomas Vacala.
Bottom Line
Xometry's record quarter and partnership with Siemens demonstrate the company's strong position in the on-demand manufacturing market. With its AI-powered manufacturing platform and growing range of services, Xometry is well-positioned for continued growth and success. As the company navigates its leadership transition, investors will be watching closely to see how Xometry builds on its momentum and drives further innovation in the manufacturing industry. With a market capitalization of over $2 billion, Xometry is a major player in the industry, and its financial performance is closely watched by investors and analysts alike.