Velo3D Shares Slide After CFO Exits, Consultant Steps In as Interim Finance Chief

Velo3D, Inc. (NASDAQ: VELO) shares fell sharply on Monday after the metal 3D printing company said Chief Financial Officer James Suva had left. The stock dropped as much as 21% intraday, and as of about 3:20 p.m. ET it traded at $9.33, down 16.7%. Velo3D was the biggest decliner in the PRISM Aerospace and Defense Index. Volume reached about 6.6 million shares, close to twice its average of roughly 3.6 million.

Key Points

• CFO James Suva left Velo3D effective September 28, 2026. The company disclosed his exit in a Form 8-K dated October 2.
• Velo3D named outside consultant Terence P. Wynn as interim CFO. He will be paid $32,500 a month through KongBasileConsulting LLC.
• The company said Suva did not leave because of any disagreement over its operations, policies or practices.
• The departure comes two months after Velo3D reported 52.3% revenue growth and raised its 2026 revenue guidance to $65–$75 million.

Velo3D (NASDAQ: VELO) Names Outside Consultant as Interim CFO

The board did not promote an internal successor. Instead, it appointed Terence P. Wynn as Interim CFO, effective immediately. Wynn, 70, has worked as an independent CFO consultant since 2020 and will serve under an officer services agreement signed September 28. Before that, he was CFO of Business Wire, a Berkshire Hathaway subsidiary, from 2018 to 2020, and held finance roles at Sony Computer Entertainment America and KPMG.

Velo3D said Suva’s separation was not the result of any disagreement with the company. However, it gave no other reason for his exit. With no explanation and no permanent replacement, investors sold the stock even as the broader market rose. Both the Nasdaq and the S&P 500 traded higher on Monday.

Leadership Change Comes as Velo3D (NASDAQ: VELO) Builds Momentum

The timing matters because Velo3D has been growing quickly. On August 11, the company reported second-quarter 2026 revenue of $20.7 million, up 52.3% from a year earlier. Gross margin also turned positive, reaching 21.5% compared with negative 11.7% in the second quarter of 2025.

At the same time, management raised its full-year 2026 revenue forecast to $65–$75 million, up from $60–$70 million. It also guided to gross margin above 30% and positive EBITDA in the second half of the year. Velo3D ended June with $91.1 million in cash, a $31 million backlog, and $29 million in new second-quarter bookings.

What Investors Will Watch Next

Velo3D makes metal additive manufacturing systems, including its Sapphire printers, Flow software and Assure quality platform, mainly for aerospace and defense customers. Because the company plans $40–$50 million in capital spending this year while it works toward positive EBITDA, the CFO seat is especially important. Investors will look for details on a permanent hire and for confirmation of guidance when Velo3D reports third-quarter results.

Even after Monday’s drop, Velo3D’s market value is about $278 million. The stock sits well below its 52-week high of $31.75.

Stock prices and percentage changes are as of approximately 3:20 p.m. ET on October 5, 2026, and are subject to change.