6K Additive posts $7.1M Q2 2026 net revenue, up 63% YoY on metal powder sales for LPBF and DED

6K Additive reported $7.1M in Q2 2026 net revenue, up 63% year over year and 14% quarter over quarter. Metal powder sales, feedstock for LPBF and DED, grew to $5M from $4M in Q1 2026 and from $3.1M a year earlier, with recurring orders accounting for over 90% of total revenue. The separate alloy segment brought in $2.1M, up from $1.3M in Q2 2025. Backlog reached $11.9M, up 23% quarter over quarter, with powder order intake up 28%.

The growth pattern, recurring orders dominating and backlog outpacing revenue, points to qualified customers locking in repeat powder supply rather than one-off trial buys, a meaningful signal in a materials segment where particle size distribution, flowability, and oxygen content tolerances gate requalification. 6K Additive is committing $11-12M in 2026 capex, weighted to the second half, for added furnace capacity and secured power infrastructure at its production site. Cash stood at $22.1M at quarter end against a $3.1M quarterly operating cash outflow, leaving the company funding expansion from existing reserves rather than external capital. For metal AM buyers, the backlog growth is a leading indicator that powder supply could tighten before the new capacity comes online.