Proto Labs Reports First Quarter 2026 Financial Results

Proto Labs announced its first quarter 2026 financial results, reporting a record quarterly revenue of $139.3 million, a 10.4% increase year-over-year. GAAP earnings per share were $0.33, while non-GAAP earnings per share were $0.54. The company saw significant growth in its CNC machining revenue, which increased by 19.7% year-over-year, and a notable rise in revenue per customer contact by 20.4%. Net income increased to $8.1 million from $3.6 million in the prior year's quarter. The company also reported an Adjusted EBITDA of $22.8 million, or 16.3% of revenue. For the full fiscal year 2026, Proto Labs expects revenue growth between 6% and 8%. The company anticipates second quarter 2026 revenue to be between $140.0 million and $148.0 million, with diluted net income per share projected to be between $0.29 and $0.37, and non-GAAP diluted net income per share between $0.50 and $0.58.