Proto Labs 8-K
PositiveEarningsGuidance raised
CNC machining led growth across major services; FY2026 revenue growth outlook raised to 10%-11%.
Filed 2026-10-29 06:06 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with Q4 and FY2026 guidance. Protolabs reported record quarterly revenue and higher earnings, with growth across its major manufacturing services and improved operating margins. It raised its FY2026 revenue growth outlook and provided Q4 revenue and diluted EPS ranges.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $154M, +14% Y/Y | $443M, +12% Y/Y |
| GAAP gross margin | 44.5%, vs 45.3% | 45.5%, vs 44.6% |
| Non-GAAP gross margin | 44.5%, vs 45.9% | 45.8%, vs 45.2% |
| GAAP operating margin | 9.4%, vs 6.5% | 8.0%, vs 4.6% |
| Non-GAAP operating margin | 11.9%, vs 10.0% | 11.7%, vs 8.7% |
| GAAP net income | $11.8M, +63% Y/Y | $29.0M, +90% Y/Y |
| Adjusted EBITDA (non-GAAP) | $26.2M, +24% Y/Y | $74.1M, +27% Y/Y |
| GAAP diluted EPS | $0.48, +60% Y/Y | $1.19, +89% Y/Y |
| Non-GAAP diluted EPS | $0.63, +34% Y/Y | $1.77, +46% Y/Y |
| Operating cash flow | — | $55.7M, -3.7% Y/Y |
- CNC machining revenue grew 16.4% Y/Y, injection molding 12.5%, and 3D printing 11.4%; sheet metal revenue declined 4.7%. Revenue per customer contact rose 16.6% to $7,427, while customer contacts fell to 20,777 from 21,252.
- Cash generated from operations was $22.8M in Q3; cash and investments totaled $175M at 9/30/2026. The company repurchased $10.0M of stock in 9M 2026, vs $36.7M in 9M 2025; diluted weighted-average shares were 24.40M vs 24.25M.
Against earlier guidance (derived from earlier filings)
| Metric | Period | Earlier guidance | Actual | Result |
|---|---|---|---|---|
| Revenue | Q3 2026 | $145M-$153M | $154M | beat |
| GAAP diluted net income per share | Q3 2026 | $0.34-$0.42 | $0.48 | beat |
| Non-GAAP diluted net income per share | Q3 2026 | $0.56-$0.64 | $0.63 | in line |
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue growth | FY2026 | 10%-11% | 8%-10% | Raised |
| Revenue | Q4 2026 | $143M-$151M | — | — |
| GAAP diluted net income per share | Q4 2026 | $0.28-$0.36 | — | — |
| Non-GAAP diluted net income per share | Q4 2026 | $0.46-$0.54 | — | — |
Guidance changes, derived from earlier filings
| Metric | Period | Earlier guidance | Guidance now | Change |
|---|---|---|---|---|
| Revenue growth | FY2026 | 8%-10% | 10%-11% | raised |
Investor Takeaways
- Track Q4 revenue against the $143M-$151M outlook and diluted EPS against the respective GAAP and non-GAAP ranges; results within those ranges would support the raised full-year growth outlook.
- Watch revenue per customer contact and customer-contact volume alongside CNC machining, injection molding, and 3D printing growth to see whether the broad demand and per-contact gains continue.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-29 14:39:54Z