Proto Labs Reports Record Q3 2026 Revenue Growth and Raises Full Year Guidance
Proto Labs (PRLB) reported strong third-quarter results for 2026, with revenue reaching $154.3 million, a 14% increase year-over-year. This marks the company's fourth consecutive quarter of double-digit growth, driven largely by high demand in CNC machining and injection molding within the aerospace, defense, and electronics sectors. Non-GAAP EPS rose 33.4% to $0.63. Despite the top-line strength, gross margins compressed by 230 basis points sequentially to 44.5%, impacted by machine upgrades, rising raw material costs, and increased labor investments. However, management raised its full-year revenue growth guidance to 10%-11% due to consistent performance through the first nine months of the year.
Tickers: $PRLB
Topics: EPS Increase Gross Margin Compression Guidance Raise Revenue Growth Segment Performance