Proto Labs 8-K
PositiveEarningsGuidance raised
CNC machining and injection molding growth support a raised FY2026 revenue outlook of 8%-10% Y/Y as strategic customers expand relationships.
Filed 2026-07-31 06:11 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with Q3 and FY2026 guidance. Protolabs reported record revenue of $149M, up 10.6% Y/Y, and raised FY2026 revenue growth guidance to 8%-10% from 6%-8%. Management said larger strategic customers are expanding their relationships with the company.
Key Figures
| Metric | Q2 2026 | H1 2026 |
|---|---|---|
| Revenue | $149M, +10.6% Y/Y | $289M, +10.5% Y/Y |
| GAAP gross margin | 46.4%, vs 44.3% | 46.0%, vs 44.2% |
| Non-GAAP gross margin | 46.8%, vs 44.8% | 46.5%, vs 44.8% |
| GAAP operating income | $11.4M, +129% Y/Y | $21.2M, +123% Y/Y |
| GAAP operating margin | 7.6%, vs 3.7% | 7.3%, vs 3.6% |
| Non-GAAP operating margin | 12.0%, vs 8.6% | 11.5%, vs 8.1% |
| GAAP net income | $9.15M, +107% Y/Y | $17.3M, +115% Y/Y |
| GAAP diluted EPS | $0.37, +106% Y/Y | $0.71, +115% Y/Y |
| Non-GAAP diluted EPS | $0.60, +46.3% Y/Y | $1.14, +54.1% Y/Y |
| Operating cash flow | — | $33.0M, +13.9% Y/Y |
- CNC machining revenue grew 13.6% Y/Y and injection molding grew 13.1%; 3D printing revenue declined 2.6%. Revenue per customer contact rose 16.7% to $7,239, while customer contacts fell to 20,630 from 21,775.
- Adjusted EBITDA was $25.1M, or 16.8% of revenue, vs $19.7M, or 14.6%, a year earlier. Cash generated from operations was $15.4M in Q2; cash and investments totaled $163M at 6/30/2026.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue growth | FY2026 | 8%-10% | 6%-8% | Raised |
| Revenue | Q3 2026 | $145M-$153M | — | — |
| GAAP diluted net income per share | Q3 2026 | $0.34-$0.42 | — | — |
| Non-GAAP diluted net income per share | Q3 2026 | $0.56-$0.64 | — | — |
Investor Takeaways
- Watch Q3 revenue against the $145M-$153M outlook; results within the range would support the raised FY2026 growth outlook.
- Track revenue per customer contact and growth in CNC machining and injection molding to assess whether strategic-customer expansion and strength in those product lines continue.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-27 20:11:15Z