PRLB · Proto Labs, Inc.

Proto Labs delivered a strong start to 2026, achieving record quarterly revenue of $139.3 million, a 10.4% increase year-over-year. The performance was notably driven by the CNC machining service line, which grew 19.7% compared to the same quarter last year, alongside a 20.4% increase in revenue per customer contact. Profitability metrics showed significant improvement, with GAAP net income rising to $8.1 million from $3.6 million in the prior year period. Non-GAAP diluted EPS reached $0.54, marking the highest level in more than five years, supported by non-GAAP gross margin expansion to 46.2% and adjusted EBITDA margin improvement to 16.3%. Management attributed the results to strong demand for digital manufacturing services and disciplined execution, which facilitated operating expense leverage. The company maintained a robust liquidity position with $158.0 million in cash and investments and generated $17.5 million in cash from operations. Looking forward, Proto Labs provided specific financial guidance, projecting Q2 2026 revenue between $140.0 million and $148.0 million and full-year revenue growth of 6% to 8%.