Dow Down, Xometry Inc-A Up

The three major indices fell today.

The NASDAQ fell 32.75 points.

The DOW fell 313.62 points.

The S&P 500 fell 28.01 points.

Broad market sentiment appeared mixed, with all three major indices closing lower after an initial rally. The market opened higher on hopes for a potential U.S.-Iran peace deal, which initially sent oil prices lower. However, as the day progressed and a definitive response from Tehran did not materialize, optimism faded, and oil prices pared some of their earlier drops, contributing to the market's pullback. Technology stocks, which had shown strength earlier in the day, saw their gains cool.

All this as Xometry Inc-A (XMTR) shares rose $22.109 to end the day at $78.49 per share. The stock opened at $76, reaching a day high of $82.11 and a day low of $69.20 before its final trade. Xometry's significant price move occurred because of the announcement of the company's record first-quarter 2026 financial results and a new strategic partnership with Siemens.

Xometry Inc. reported a record first-quarter 2026 revenue of $205 million, marking a 36% increase year-over-year, with marketplace revenue accelerating by 40% to $191 million. The company also reported adjusted earnings of $0.12 per share, surpassing analysts' consensus estimates of $0.07 per share. This financial performance indicates strong volume growth and improved unit economics, with adjusted EBITDA reaching $10.5 million, a significant improvement from the previous year. Furthermore, Xometry announced a strategic partnership with Siemens, which includes Siemens purchasing approximately $50 million of Xometry Class A common stock. This partnership involves embedding Xometry's manufacturability, pricing, sourcing, and execution intelligence into Siemens Xcelerator, underscoring Siemens' belief in AI-powered industrial software. Management also raised its full-year 2026 revenue growth guidance to 27-28%. These developments are expected to further solidify Xometry's position as an AI-native marketplace in custom manufacturing, expanding its global network and driving deeper enterprise engagement.

Analyst Firm Cantor Fitzgerald upgraded Xometry to Overweight with a $62 price target, citing tailwinds from reshoring and increased production demand.