Earnings Releases·Oct 29, 2026, 6:06 AM ET

Protolabs — Third Quarter 2026 Earnings Summary

Revenue reached a record $154.3 million, up 14.0% year-over-year, while GAAP net income surged 63.0% to $11.8 million and Non-GAAP net income rose 33.0% to $15.3 million.
Full-year 2026 revenue growth guidance was raised to 10%-11% from the previous 8%-10%, with Q4 2026 revenue expected between $143.0 million and $151.0 million.
Operating leverage drove margin expansion, with GAAP operating margin improving to 9.4% and Non-GAAP margin to 11.9%, alongside a 16.6% year-over-year increase in revenue per customer contact.
Capital allocation included $10.0 million in common stock repurchases over the first nine months of 2026, while cash and investments totaled $175.0 million as of September 30, 2026.
All major product lines except sheet metal (down 4.7%) posted double-digit year-over-year revenue growth, with CNC machining leading at 16.4% and injection molding at 12.5%.