Proto Labs Q2 revenue beats estimates, lifts FY outlook

Proto Labs

31/07/2026 11:12

Overview
Digital manufacturing services firm's Q2 revenue rose 10.6% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised full-year 2026 revenue growth guidance to 8%-10%

Outlook
Proto Labs raises 2026 full-year revenue growth guidance to 8% - 10%
Company expects Q3 2026 revenue between $145 mln and $153 mln
Proto Labs sees Q3 2026 GAAP EPS between $0.34 and $0.42, non-GAAP EPS $0.56-$0.64

Result Drivers
STRATEGIC CUSTOMER EXPANSION - Co said larger strategic customers expanded relationships, contributing to revenue growth
PRODUCT LINE GROWTH - CNC machining and injection molding revenue increased 13.6% and 13.1% yr/yr, respectively
HIGHER REVENUE PER CUSTOMER - Revenue per customer contact rose 16.7% yr/yr

Company press release: ID:nBw2z2yHRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$149.34 mln
$144.18 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.60
$0.54 (5 Analysts)
Q2 Net Income
 
$9.15 mln
 
Q2 Gross Profit
 
$69.34 mln
 
Q2 Operating Expenses
 
$57.98 mln
 
Q2 Operating Income
 
$11.36 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Proto Labs Inc is $91.00, about 21.1% above its July 30 closing price of $75.14
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 31 three months ago

Reuters Recommended Reads
July 29 - Industrial products maker Fortive lifts profit view on strong automation business
July 30 - Ralliant Q2 revenue rises 13%, beats analyst expectations
July 28 - Illinois Tool Works raises annual profit forecast on strong industrial demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)