Xometry's Growth Momentum Continues, RBC Says

11:52 AM EST, 11/04/2026 (MT Newswires) -- Xometry (XMTR) delivered another strong fiscal Q3 performance, with revenue and adjusted EBITDA exceeding expectations, driven by broad-based growth and continued enterprise traction, RBC Capital said. Revenue for Q3 rose more than 40% year over year to $252.4 million. Marketplace revenue increased 43%, supported by continued platform momentum, with active buyers growing 20% and the number of accounts spending at least $50,000 over the last 12 months rising 26% to 2,172, the report said Tuesday. RBC highlighted continued enterprise momentum, with revenue from the company's largest customers up 40%. The firm also noted that the planned Q1 2027 beta launch of Xometry's Siemens partnership is expected to have a positive impact on operating results, with contributions ramping up throughout the year. Xometry raised its 2026 revenue growth outlook to at least 37% from its previous guidance of 33% to 34%. Its Q4 revenue forecast of $254 million to $256 million was also above RBC's previous estimate of $247 million. RBC maintained its sector perform rating on the stock and raised its price target to $117 from $100. Xometry shares were up 1.2% in Wednesday trading. Price: 111.19, Change: -0.10, Percent Change: -0.09