Proto Labs, Inc. (PRLB) Earnings
Proto Labs, Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $0.54. PRLB has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +26.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $0.40 | $0.54 | +35.0% | $139M | +3.0% |
| Feb 6, 2026 | $0.35 | $0.44 | +25.7% | $136M | +1.5% |
| Oct 31, 2025 | $0.39 | $0.47 | +20.5% | $135M | +4.9% |
| Jul 31, 2025 | $0.33 | $0.41 | +24.2% | $135M | +2.3% |
| May 2, 2025 | $0.28 | $0.33 | +17.9% | $126M | -0.4% |
| Feb 7, 2025 | $0.32 | $0.38 | +18.8% | $122M | -2.2% |
| Nov 1, 2024 | $0.33 | $0.47 | +42.4% | $126M | +4.6% |
| Aug 2, 2024 | $0.34 | $0.38 | +11.8% | $126M | -0.5% |
| May 3, 2024 | $0.30 | $0.40 | +33.3% | $128M | +2.6% |
| Feb 9, 2024 | $0.30 | $0.46 | +53.3% | $125M | +1.9% |
| Nov 3, 2023 | $0.30 | $0.51 | +70.0% | $131M | +6.5% |
| Aug 4, 2023 | $0.30 | $0.33 | +10.0% | $122M | -0.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 1, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Greetings and welcome to Proto Labs first quarter 2026 earnings call. Suresh Krishna mentioned first quarter revenue grew 10% year over year, achieving double-digit revenue growth, significant gross margin expansion, and improved operating leverage. Strong traction with larger strategic customers, revenue per customer grew 20% year over year. CNC machining service grew over 20% year-over-year in the U.S. due to aerospace, defense, robotics. Joined Space Foundation in April. Achieved AS9100 certification in European operations. 2026 operational changes include combining product and technology teams, enhanced focus on continuous improvement and quality, established Global Capability Center in India, strategic reset in Europe with 11% sequential growth in first quarter.
Guidance
Still expect full year 2026 revenue growth of six to 8%. For the second quarter, expect revenue between 140 and $148 million. Midpoint implies 7% revenue growth year over year. Expect second quarter 2026 non-GAAP earnings per share between $0.50 and $0.58.
Segment performance
First quarter revenue was a company record $139.3 million, up 10.4% year over year. CNC machining revenue grew 17.6% year-over-year in constant currencies. Injection molding grew 3.5% in constant currencies. 3D printing revenue was flat year-over-year in constant currencies. Sheet metal grew 2.3% year-over-year in constant currencies. Non-GAAP gross margin was 46.2 percent, an expansion of 140 basis points both sequentially and year-over-year.
Analyst Q&A
Q: Good morning. Congrats on the solid results. Can you maybe give us a little bit more color on, you know, Cadence of the quarter, I think you had mentioned that January had started off slow, if I recall correctly. So what did you see February, March? What are you seeing so far in April? And just from an upside standpoint, I think you called out A&D space, but any other end markets that maybe surprised you a little bit to the upside?
A: One thing for the quarter, although Europe was down 3% year over year. They were up 11% sequentially. So we're seeing some good traction within Europe. Suresh talked about the Europe reset. And we're seeing some benefits and some stronger performance in Europe as we're moving quarter over quarter. In terms of what we're seeing from seasonality in April, that's reflected in the guide. So, you know, we have a really decent start to April, and that's reflected in the number that you see, which implies sequential growth, quarter over quarter, Q1 into Q2. It continues to be the same. We're seeing strong growth from our large customers. We're seeing strong growth from aerospace and defense and markets. I would also say Computer and electronics and industrial commercial machinery performed well as well. And we're seeing that strength continue into the second quarter.
Q: Let's shift gears to the network. So that was down sequentially, barely up on a year-over-year basis, on a constant currency basis. What... Any reason for the decel? What are you specifically seeing in that business?
A: Greg, overall, we are very happy with our double-digit growth, and this is the second quarter we've delivered that. We will see fluctuations between our fulfilled methods, between factory and network. We did see some weakness in network demand in 3D printing, and we are making some changes in our go-to-market areas so that we can work to accelerate that. network revenue growth in the future, much as we work to drive growth in our factory business.
Q: I might have missed it, but did you give a network gross margin?
A: We did not. We did not. We can get it for you.