Proto Labs, Inc. announced financial results for the third quarter ended September 30, 2026, reporting record quarterly revenue of $154.3 million. This figure represents a 14.0% increase compared to the third quarter of 2025, which totaled $135.4 million.
Revenue growth was driven by increases across all product lines. CNC machining revenue grew 16.4% year-over-year, injection molding revenue grew 12.5%, and 3D printing revenue grew 11.4%. Additionally, total revenue per customer contact increased 16.6% year-over-year.
On a GAAP basis, the company reported net income of $11.8 million, or $0.48 per diluted share. This is an increase of 63.0% compared to $7.2 million, or $0.30 per diluted share, in the prior year period. Non-GAAP net income was reported at $0.63 per diluted share, up from $0.47 per diluted share in the prior year.
Operating margins also improved. GAAP operating margin was 9.4%, up from 6.5% in the third quarter of 2025. Non-GAAP operating margin was 11.9%, compared to 10.0% in the prior year. Adjusted EBITDA for the quarter was $26.2 million, or 17.0% of revenue.
As of September 30, 2026, the company held $175.0 million in cash and investments. Cash generated from operations was $22.8 million.
In terms of guidance, Proto Labs raised its full year 2026 revenue growth outlook from the previously stated range of 8% to 10% to a new range of 10% to 11%. For the fourth quarter of 2026, the company expects revenue between $143.0 million and $151.0 million.
