Proto Labs Q3 revenue beats on CNC machining growth
PRLB•Proto Labs reported Q3 revenue of $154.32 million, up 14% year over year, and adjusted EPS of $0.63; both topped analyst expectations. It raised its 2026 revenue growth outlook to 10%-11% from 8%-10%.
1. Quarterly results
Q3 revenue was $154.32 million, compared with the $149.04 million analyst consensus, while adjusted EPS of $0.63 beat the $0.60 consensus. Net income was $11.76 million.
2. Outlook and revenue drivers
Proto Labs raised its full-year 2026 revenue growth guidance to 10%-11% from 8%-10%. It expects Q4 revenue of $143 million to $151 million and GAAP EPS of $0.28-$0.36, or non-GAAP EPS of $0.46-$0.54. CNC machining revenue rose 16.4% year over year, injection molding revenue increased 12.5%, and 3D printing revenue rose 11.4%.
