Proto Labs Inc (PRLB) Form 10-Q — Oct 29, 2026
Proto Labs reported Q3 2026 revenue of $154.3 million, up 14.0% year over year, with net income of $11.8 million, up 63.0% from $7.2 million a year ago. Income from operations rose 63.9% to $14.4 million, driven by CNC Machining (+16.4%) and strength in aerospace and defense. Revenue growth came despite a 2.2% decline in customer contacts, as revenue per customer contact grew 16.6% to $7,427 — the company is intentionally focusing on larger, more strategic customers. Gross margin slipped to 44.5% from 45.3% on higher labor and material costs.
Key figures
- Eps
- 0.48
- Revenue
- 154318000
- Net Income
- 11762000
- Revenue Yoy
- 14.0%
- Total Assets
- 808021000
- Cash Position
- 133780000
- Shares Outstanding
- 23871875
- Gross Margin Q3
- 44.5%
- Share Buyback Q3
- $5.0 million (60,661 shares)
- Nine Month Revenue
- 442995000
- Operating Income Q3
- 14441000
- Customer Contacts Q3
- 20777
- Effective Tax Rate Q3
- 27.4%
- Nine Month Net Income
- 29025000
- Customer Contacts Change
- -2.2%
- Gross Margin Q3 Prior Year
- 45.3%
- Operating Income Q3 Prior Year
- 8810000
- Revenue Per Customer Contact Q3
- $7,427
- Buyback Authorization Remaining
- $47.0 million
- Capital Expenditures Nine Months
- 15539000
- Revenue Per Customer Contact Growth
- 16.6%
AI analysis
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