Proto Labs, Inc.

Protolabs Expands Multi Jet Fusion 3D Printing Capacity to Meet Growing Demand for Drone Development

Protolabs increased its HP Jet Fusion 5600 Multi Jet Fusion 3D printing capacity by 50% to meet rising demand from aerospace, defense, and drone customers. MJF revenue through its U.S. factories grew more than 40% year-over-year through Q3 2026, and drone-segment revenue is up over 90% since 2023 (nearly 40% CAGR) across more than 100 drone manufacturers. The expansion is housed at the company's ITAR-registered, AS9100D-certified North Carolina factory, underscoring the growing defense and aerospace mix in its additive business.

•12h ago

Protolabs Reports Financial Results for the Third Quarter of 2026

Protolabs reported record Q3 2026 revenue of $154.3 million, up 14.0% year-over-year, its fourth consecutive quarter of double-digit growth. GAAP diluted EPS rose 61% to $0.48 and non-GAAP EPS rose 33% to $0.63, with GAAP operating margin expanding to 9.4% from 6.5% a year ago. Management raised full-year 2026 revenue growth guidance to 10%-11% from 8%-10% and guided Q4 revenue of $143.0M-$151.0M with non-GAAP EPS of $0.46-$0.54. The company ended the quarter with $175.0 million in cash and investments and generated $22.8 million in operating cash flow during the quarter.

•5d ago

Protolabs Accelerates the Future of Robotics with Rapid Manufacturing

Protolabs says revenue from its robotics customers more than doubled in the first half of 2026 compared with the first half of 2025. The release cites an estimated $88 billion global robotics market in 2026, projected to reach $219 billion by 2031 at a 20% CAGR, with the FCC's addition of robotic devices to its Covered List reinforcing demand for U.S.-based manufacturing. CEO Suresh Krishna framed Protolabs' speed and high-mix, low-volume manufacturing as a competitive advantage for robotics developers; the company will showcase capabilities at RoboBusiness 2026, Oct. 20-21 in Santa Clara.

•1mo ago

Protolabs Named to Business Insider’s America’s Most Innovative Businesses 2027 List

Protolabs (NYSE: PRLB) was named to Business Insider's America's Most Innovative Businesses 2027 list, an inaugural ranking that evaluated more than 4,000 publicly traded U.S. companies and recognized the top 500. Business Insider cited Protolabs' extensive patent library, ongoing R&D investment, and peer sentiment as a cutting-edge industry leader; the company holds more than 120 patents and trade secrets and can produce custom parts as fast as the same day. CEO Suresh Krishna framed the recognition around manufacturing's shift toward physical AI and digital infrastructure, including investment in intelligent machines, cobots, and vision systems. The release contains no financial results, guidance, or operational changes -- it is a brand-recognition announcement with limited market-moving relevance.

•1mo ago

Protolabs Appoints Sam Ramahi as Chief Operations Officer

Protolabs appointed Sam Ramahi as Chief Operations Officer, effective August 31, 2026. He will report to CEO Suresh Krishna and lead global operations, supply chain, and continuous improvement initiatives. Ramahi brings over 25 years of experience, including most recently leading a 1,300-person organization and $700 million in revenue at SIG Group. The appointment is intended to advance Protolabs' strategy of serving customers from prototype to production by driving operational excellence in safety, quality, delivery, and cost.

•2mo ago

Protolabs Supports MIT Industrial Performance Center Research Fellows to Accelerate U.S. Medical and Aerospace Manufacturing Innovation

Protolabs announced a grant to support research fellows at the MIT Industrial Performance Center to study U.S. manufacturing innovators and scaling strategies. The research will focus on aerospace and medical device industries, aiming to develop a manufacturing innovation index and advance the Initiative for New Manufacturing’s research program. CEO Suresh Krishna emphasized the role of technology-enabled software and physical AI in scaling the American manufacturing ecosystem.

•2mo ago

Protolabs Reports Financial Results for the Second Quarter of 2026

Protolabs reported record second-quarter revenue of $149.3 million, up 10.6% year-over-year, with GAAP earnings per share doubling to $0.37 driven by strong performance in CNC machining and injection molding. Profitability improved significantly, with GAAP operating margin expanding to 7.6% from 3.6% a year ago and Adjusted EBITDA rising 27% to $25.1 million. Citing the strength of the business model and increased traction with strategic customers, the company raised its full-year 2026 revenue growth guidance to 8-10% and projects Q3 revenue between $145.0 million and $153.0 million.

•3mo ago

Protolabs Named to TIME’s 2026 List of America’s Best Companies

Protolabs was named to TIME’s 2026 list of America’s Best Companies, recognizing its leadership in digital manufacturing and workplace culture. CEO Suresh Krishna attributed the recognition to the employees' commitment to transforming manufacturing through speed, automation, and digital technology. The ranking by TIME and Statista evaluated companies based on employee satisfaction, financial performance, and sustainability transparency.

•3mo ago

Protolabs Accelerates Growth and Drone Innovation with On-Demand Manufacturing Capabilities

Protolabs expanded its manufacturing capabilities to support drone manufacturers, including enhanced quick-turn CNC machining and advanced Multi Jet Fusion 3D printing via a partnership with HP Additive. The company reported that revenue from drone customers has grown more than 90% since 2023, with a CAGR of nearly 40%, driven by demand for rapid, on-demand production of lightweight parts. Protolabs serves all Fortune 100 aerospace companies and plans to showcase these capabilities at the Commercial UAV Expo in Las Vegas this September.

•3mo ago

Protolabs Strengthens Executive Leadership Team with Appointment of Bernardo Parlange as Chief Commercial Officer

Protolabs appointed Bernardo Parlange as Chief Commercial Officer, effective May 18, 2026, creating a new role to oversee global commercial strategy, sales, and marketing. Parlange brings over 20 years of experience from roles at Fortrex, Ecolab, and ZF Group, with a focus on scaling revenue organizations in industrial markets. Separately, the company announced the planned retirement of COO Mike Kenison effective July 1, 2026, following a 20-year tenure during which he significantly expanded the company's manufacturing footprint.

•5mo ago

Protolabs Reports Financial Results for the First Quarter of 2026

Protolabs reported record Q1 revenue of $139.3 million, up 10.4% year-over-year, driven by a 19.7% increase in CNC machining revenue. Non-GAAP EPS surged to $0.54 from $0.33 a year ago, supported by gross margin expansion of 140 basis points to 46.2%. For fiscal 2026, the company expects revenue growth between 6% and 8%, with Q2 revenue projected between $140.0 million and $148.0 million.

•6mo ago