Quarterly ResultMay 1, 2026, 02:02 PM
Proto Labs Q1 Revenue $139.3M, Net Income $8.1M, EPS $0.33
AI Summary
Proto Labs reported strong financial results for the first quarter of 2026, with revenue increasing to $139.3 million, a 10.4% rise compared to the same period in the prior year. Net income more than doubled to $8.1 million, up from $3.6 million in Q1 2025, resulting in diluted earnings per share of $0.33. The company also saw an increase in cash and cash equivalents and a significant reduction in its effective income tax rate.
Key Highlights
- Q1 2026 Revenue: $139.3 million, up 10.4% from $126.2 million in Q1 2025.
- Q1 2026 Net Income: $8.1 million, a 125% increase from $3.6 million in Q1 2025.
- Q1 2026 Diluted EPS: $0.33, up from $0.15 in Q1 2025.
- Cash and cash equivalents: $123.97 million as of March 31, 2026.
- United States revenue: $112.1 million in Q1 2026, up from $100.3 million.
- Europe revenue: $27.2 million in Q1 2026, up from $25.9 million.
- CNC Machining revenue: $63.2 million in Q1 2026, up from $52.8 million.
- Effective tax rate: 28.3% in Q1 2026, down from 39.9% in Q1 2025.