On October 26, 2026, U.S. metal powder manufacturer 6K Additive (ASX:6KA) released its Q3 2026 results: quarterly revenue of $7.2 million, up 61% year-over-year, the company's highest quarterly record, with an annualized run rate of approximately $28.8 million. By segment, powder revenue was $5.5 million, up 72% YoY and 10% sequentially, with nickel powder sales up 50% quarter-over-quarter driven by demand from defense customers, contract manufacturers, and OEMs; alloy revenue was $1.7 million, up 34% YoY. Backlog at quarter-end was a record $18.1 million, up 52% sequentially; powder bookings were $12.3 million, up 43% sequentially and more than double quarterly powder revenue; total commercial pipeline was approximately $294 million, and refractory alloy powder (niobium, tungsten, tantalum) backlog reached a record $70,000. After quarter-end, the company completed the final signing of a $27.4 million loan agreement with the U.S. Export-Import Bank to fund expansion of its Burgettstown plant (targeting more than 6,000 tonnes per year of capacity), with commissioning expected to begin at the end of Q4 2026 and ramp-up in Q1 2027. In Q3, powder productivity rose 4.5% sequentially and 119% YoY, on-time delivery reached 100% in September, and the share price rose about 4.8% on the day results were announced. Value for powder buyers: (1) U.S. domestic metal powder capacity is expanding rapidly, improving supply capability for nickel-based alloys (such as IN718), titanium alloys, and refractory alloy powders; (2) bookings far exceed current shipments, so powder lead times may tighten—buyers are advised to lock in quarterly orders early; (3) watch for spot-market opportunities and alternative supplier arrangements during 6K's capacity ramp-up.