Proto Labs Inc (PRLB)
NYSE:PRLB
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong start to 2026 with record revenue, meaningful margin expansion, higher EPS, robust cash generation and notable growth in strategic, higher-margin services (notably CNC machining and metal 3D). Management reported early operational wins (AS9100 certification, quality improvements, Europe sequential recovery) and articulated clear strategic investments (GCC, combined product/tech leadership, continuous improvement hires). Key challenges include a year-over-year revenue decline in Europe, weaker network/3D printing demand in Europe, capacity requirements for machining and metal 3D, and planned incremental operating investments. Management maintained full-year guidance out of conservatism given macro uncertainty. On balance, positive operational and financial momentum outweigh the regional and network headwinds.Company Guidance
Record Quarterly Revenue
First quarter revenue of $139.3 million, a company record, up 10.4% year-over-year (8.7% in constant currencies).
Strong U.S. Performance and Revenue per Customer Growth
U.S. revenue grew 11.8% year-over-year; revenue per customer increased 20% year-over-year, reflecting deeper engagement with larger strategic accounts.
CNC Machining Outperformance
CNC machining revenue grew 17.6% year-over-year in constant currencies (U.S. CNC up ~23% year-over-year), driven by aerospace, defense, satellites, drones and robotics demand.
Margin Expansion and Profitability Improvement
Non-GAAP gross margin expanded to 46.2%, a 140 basis-point improvement both sequentially and year-over-year. Adjusted EBITDA was $22.8 million (16.3% of revenue) versus $17.4 million (13.8%) prior-year.
Earnings and Cash Generation
Non-GAAP EPS was $0.54, up $0.21 year-over-year and the highest adjusted EPS since Q3 2020. The company generated $17.5 million in cash from operations and held $158 million in cash and investments with zero debt as of March 31, 2026.
Progress on Strategic Initiatives and Certifications
AS9100 certification achieved for European operations, strengthening aerospace/defense capability. Established a Global Capability Center in India and combined product and technology leadership to accelerate innovation.
Sequential Improvement in Europe and Operational Quality Gains
Europe delivered 11% sequential growth in Q1 after a strategic reset, and early investments produced tangible quality improvements in injection molding for large strategic customers.
Selective Service Line Growth
Injection molding grew 3.5% in constant currencies with stronger large-order traction; sheet metal grew 2.3% YoY; demand for metal 3D (DMLS) in the U.S. nearly 30% year-over-year.
Maintained Full-Year Guidance with Near-Term Visibility
Full-year 2026 revenue growth guidance maintained at 6% to 8%; Q2 revenue guide $140M–$148M (midpoint implies ~7% YoY growth); Q2 non-GAAP EPS guide $0.50–$0.58.
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
PRLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $64.81 | $65.17 | +0.56% |
Feb 06, 2026 | $52.48 | $67.17 | +27.99% |
Oct 31, 2025 | $53.03 | $49.76 | -6.17% |
Jul 31, 2025 | $39.23 | $43.12 | +9.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Proto Labs Inc (PRLB) report earnings?
Proto Labs Inc (PRLB) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is Proto Labs Inc (PRLB) earnings time?
Proto Labs Inc (PRLB) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRLB EPS forecast?
PRLB EPS forecast for the fiscal quarter 2026 (Q2) is 0.53.