The raised full-year guidance and broad-based revenue acceleration across all key product lines suggest sustained demand momentum. Watch Q4 revenue against the $143M-$151M guidance range and monitor any commentary on customer contact growth and pricing power on the conference call.
Price Chart
Executive Summary
Proto Labs reported record Q3 2026 revenue of $154.3M, up 14.0% YoY, with GAAP EPS of $0.48 (up 61% YoY) and non-GAAP EPS of $0.63 (up 33% YoY). The company raised its full-year 2026 revenue growth guidance from 8%-10% to 10%-11%, reflecting broad-based strength across CNC machining, injection molding, and 3D printing. The results and raised guidance represent a clear positive surprise versus consensus estimates.
Key Financial Metrics
Key Facts
- Record quarterly revenue of $154.3M, up 14.0% YoY from $135.4M
- GAAP diluted EPS of $0.48 vs $0.30 in Q3 2025, up 61% YoY
- Non-GAAP diluted EPS of $0.63 vs $0.47 in Q3 2025, up 33% YoY
- Full-year 2026 revenue growth guidance raised from 8%-10% to 10%-11%
- Q4 2026 revenue guidance of $143M-$151M
- Q4 2026 non-GAAP EPS guidance of $0.46-$0.54
- CNC machining revenue grew 16.4% YoY, injection molding up 12.5%, 3D printing up 11.4%
- GAAP operating margin expanded to 9.4% from 6.5% YoY
- Adjusted EBITDA of $26.2M, or 17.0% of revenue, up 23.8% YoY
- Cash and investments balance of $175.0M as of September 30, 2026
Financial Impact
Revenue beat consensus by $5.0M (3.3%), EPS beat by $0.03 (5.0%)
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Injection Molding | $53.7M | +12.5% |
| CNC Machining | $73.4M | +16.4% |
| 3D Printing | $22.4M | +11.4% |
| Sheet Metal | $4.1M | -4.7% |
| Other Revenue | $802.0K | +283.7% |
Risk Factors
- Q4 2026 revenue guidance midpoint of $147M implies sequential decline from Q3's $154.3M, which may temper enthusiasm
- GAAP gross margin contracted to 44.5% from 45.3% YoY, though non-GAAP gross margin was flat at 44.5%
- Sheet metal revenue declined 4.7% YoY, a potential area of weakness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001443669-26-000043 |
| Document: prlb-20261029.htm | 0001443669-26-000043 |
| Document: 0001443669-26-000043-index-headers.html | 0001443669-26-000043 |
| Document: 0001443669-26-000043-index.html | 0001443669-26-000043 |
| Document: 0001443669-26-000043.txt | 0001443669-26-000043 |
| 8-K Data (Synthetic) | 0001443669-26-000043 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $77.64 $68.89 | ▼ −11.27% | ▼ −9.50% | $68.89 (−11.27%) |
Jul 31, 2026 13w ago | 8-K | $75.05 $80.25 | ▲ +6.93% | ▲ +5.50% | $68.89 (−8.21%) |
May 20, 2026 23w ago | 8-K | $71.13 $69.75 | ▼ −1.94% | ▼ −2.13% | $68.89 (−3.15%) |
May 7, 2026 25w ago | 8-K | $68.17 $69.30 | ▲ +1.66% | ▲ +0.83% | $68.89 (+1.06%) |
Apr 8, 2026 29w ago | DEFA14A | $60.51 $61.58 | ▲ +1.77% | ▲ +1.19% | $68.89 (+13.85%) |
US Market Status
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