Quarterly ResultJul 31, 2026, 06:17 AM
Protolabs Q2 Revenue $149.3M, +10.6%; Raises FY26 Guidance
AI Summary
Protolabs reported strong financial results for the second quarter of 2026, achieving record quarterly revenue of $149.3 million, an increase of 10.6% year-over-year. Both GAAP and non-GAAP earnings per share saw significant increases, alongside improvements in gross and operating margins. The company also raised its full-year 2026 revenue growth guidance to 8%-10% and provided a positive outlook for the third quarter.
Key Highlights
- Record Q2 2026 revenue of $149.3 million, a 10.6% increase year-over-year.
- GAAP diluted EPS was $0.37, up from $0.18 in Q2 2025.
- Non-GAAP diluted EPS was $0.60, up from $0.41 in Q2 2025.
- GAAP gross margin improved to 46.4% from 44.3% in Q2 2025.
- Non-GAAP operating margin expanded to 12.0%, up 340 bps year-over-year.
- Full year 2026 revenue growth guidance raised to 8%-10% from 6%-8%.
- Q3 2026 revenue expected between $145.0 million and $153.0 million.
- CNC machining revenue grew 13.6% and injection molding revenue grew 13.1% year-over-year.
Price Impact
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