PartnershipMay 7, 2026, 07:06 AM
Xometry Partners with Siemens, Siemens Invests $50M; Q1 Revenue +36%
AI Summary
Xometry, Inc. announced a significant strategic partnership with Siemens, which includes Siemens purchasing approximately $50 million of Xometry Class A common stock. This collaboration will embed Xometry’s AI-powered manufacturing intelligence directly into Siemens Xcelerator. Concurrently, Xometry reported strong first-quarter 2026 financial results, with revenue increasing 36% year-over-year to a record $205 million and Adjusted EBITDA improving to $10.5 million. The company also raised its full-year 2026 revenue growth outlook.
Key Highlights
- Announced strategic partnership with Siemens, embedding Xometry's intelligence into Siemens Xcelerator.
- Siemens is purchasing approximately $50 million of Xometry Class A common stock.
- Q1 revenue increased 36% year-over-year to a record $205 million.
- Q1 marketplace revenue grew 40% year-over-year to $191 million.
- Q1 gross profit increased 39% year-over-year to a record $78.5 million.
- Q1 Adjusted EBITDA improved $10.4 million year-over-year to $10.5 million.
- Q1 net loss attributable to common stockholders was $5.3 million.
- Raised Full Year 2026 revenue growth outlook from 21% to 27-28%.