Xometry, Inc. (XMTR)
NASDAQIndustrialsIndustrial - DistributionSnapshot 2026-09-09
$85.59-7.42%
Close 2026-09-09 · 1-day change
NASDAQIndustrialsIndustrial - DistributionSnapshot 2026-09-09
Intact: The reason to own it still holds.
Xometry grows revenue about 27-28% in 2026. Profit margins improve to 20%. The Siemens deal may boost growth. The CEO change is positive.
The company still loses money and faces volatile management. Growth may slow. The Siemens partnership is early with no clear financial gains.
The market expects about 26% revenue growth. Our fair value is 26% below the Street median. We see risk in execution and margin delivery.
Breaks if: Adjusted EBITDA margin falls below 15% in FY26
Breaks if: Significant management turnover or negative leadership news
YoY revenue growth falls below 21% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround scenario. XMTR is working to improve its financial performance while facing challenges in the industrial sector. The current thesis state is cautious, with management focused on growth but recent results showing weakness.
The market appears to have priced in a justified valuation with low fragility. XMTR is trading at a premium compared to its peers, indicating that some expectations for recovery are already reflected in the current setup.
Management is on track with priorities to accelerate revenue growth and improve Adjusted EBITDA margins. However, the recent financial performance has been weak, which could pose risks in the near term.
The long-term thesis hinges on whether XMTR can maintain momentum in revenue growth and improve its financial metrics. Additionally, the performance of sector bellwethers like GWW, FAST, and FERG will be crucial for indicating broader industrial sector trends.
The most important moves since the prior daily snapshot.
Company momentum rose by 19.9 points (from 42.1 to 62.0).
Yes, our read has strengthened. The latest earnings beat supports a positive outlook. Additionally, the focus on growth and AI aligns with management's objectives to accelerate revenue and marketplace growth. There are no new threats to the thesis at this time.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Raise revenue growth outlook for full year 2026 to 27-28%, driven by approximately 30% marketplace growth.
Breaks if: No meaningful progress or financial impact from Siemens in 12 months
Establish and expand collaboration with Siemens to integrate Xometry's AI technology into Siemens' design-to-manufacturing ecosystem.
Stated as a priority in 2 of last 3 quarters. The strategic partnership with Siemens was announced in 2026-Q1 and expanded in 2026-Q2 with a collaboration agreement. Siemens invested approximately $50 million in Xometry stock. Management is actively developing this partnership, showing progress through equity investment and integration plans.
“Entered into a collaboration agreement with Siemens to develop a software solution integrating Xometry technology into Siemens’ ecosystem.”
“Announced a new strategic partnership with Siemens, including a $50 million stock purchase.”
In the next 1-3 years, XMTR's prospects depend on its execution of growth strategies and external market conditions. Not investment advice.