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EarningsQ2 2026 Earnings Report
PRLB Q2 2026 EPS Results
Actual EPS$0.60
Consensus EPS$0.53
Beat/MissBeat by +$0.07
One Year Ago EPS$0.41
PRLB Q2 2026 Revenue Results
Actual Revenue$149.34M
Expected Revenue$144.53M
Beat/MissBeat by +$4.81M
YoY Revenue Growth+10.57%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
PRLB Upcoming Earnings
Proto Labs's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
PRLB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple strong operating and financial metrics — record revenue ($149.3M), double-digit growth, margin expansion (gross margin 46.8%), higher adjusted EBITDA and a 45% increase in adjusted EPS — driven by acceleration in Injection Molding, continued CNC strength, expanding wallet share with larger customers, and early progress in Europe. Lowlights were limited and largely transitional: modest decline in 3D printing (especially in Europe), Europe still needing profitability optimization, flat network revenue, and sustained near-term investments driving elevated SG&A. On balance the positive financial results, margin improvement, cash generation, raised full-year guidance and strategic progress materially outweigh the headwinds, though the company is still investing for future growth.Company Guidance
Record Quarter — Revenue and Growth
Second quarter revenue of $149.3 million, a company record, up 10.2% year-over-year in constant currencies; management reported double-digit top-line growth and three consecutive quarters of growth.
Revenue per Customer Expansion
Revenue per customer grew 17% year-over-year, reflecting deeper engagement and expanding relationships with larger, strategic accounts.
Strong Service Performance — CNC and Injection Molding
CNC Machining reported robust growth (management cited ~20% YoY growth in factory operations; company reported 13.1% YoY growth in CNC overall in constant currencies). Injection Molding accelerated ~12.9% YoY (reported as 12.9%–13% YoY), driven by telecommunications/data center demand and aerospace & defense.
Margin Expansion and Profitability
Non-GAAP gross margin of 46.8% in Q2, up 60 basis points sequentially and up 200 basis points year-over-year; adjusted EBITDA $25.1 million (16.8% of revenue) versus $19.7 million (14.6%) prior year; non-GAAP EPS $0.60, up $0.19 or 45% YoY (highest adjusted EPS since Q3 2020).
Operational Cash and Capital Allocation
Generated $15.4 million in cash from operations in Q2, repurchased $5 million of common stock during the quarter, and ended Q2 with $162.9 million of cash and investments and zero debt.
Improving Europe Revenue After Go-to-Market Changes
Europe showed early improvement following a commercial restructure: Europe revenue growth was reported at ~7.3% YoY in constant currencies (management also referenced a 9% YoY improvement as an early transformation result). The company consolidated European entities and ERP to simplify customer engagement.
Raised Full-Year Revenue Outlook
Company raised full-year 2026 revenue growth outlook to 8%–10% year-over-year supported by first-half performance and Q3 guidance midpoint implying ~10% YoY growth.
Strategic Investments and Recognition
Investments in leadership (hired a Chief Commercial Officer and a Senior Director of Global Quality), continued investment in 'physical AI' capabilities and MES/IP, and external recognition (Time Magazine named Proto Labs one of America's best companies of 2026).
PRLB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed