Q1 2026 Proto Labs Inc Earnings Call Transcript

May 1, 2026 / 12:30 PM GMT

Release Date Price: €54.9

Transcript 10-Q8-K

Key Points

Positve

Proto Labs Inc (PRLB) reported a record first-quarter revenue of $139.3 million, marking a 10.4% year-over-year increase.
The company achieved its highest non-GAAP earnings per share in over five years, driven by strong demand for CNC machining services.
Revenue per customer grew 20% year-over-year, indicating strong engagement with larger strategic customers.
The U.S. market showed robust performance with a 12% revenue growth, marking the fourth consecutive quarter of double-digit growth.
Proto Labs Inc (PRLB) achieved AS9100 certification in Europe, enhancing its ability to support aerospace and defense customers globally.

Negative

European revenue declined by 3.4% in constant currencies, indicating challenges in that region.
3D printing revenue was flat year-over-year, with weak demand in Europe offsetting U.S. growth.
The network business showed sequential decline and minimal year-over-year growth, highlighting potential issues in that segment.
Despite strong first-quarter results, the company maintained conservative full-year guidance due to macroeconomic uncertainties.
Operational changes and strategic resets, particularly in Europe, indicate ongoing restructuring efforts that may impact short-term performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRLB.N - Proto Labs Inc
Q1 2026 Proto Labs Inc Earnings Call
May 01, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings, and welcome to the Protolabs First Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode.

A brief question-and-answer session will follow the formal presentation.

Should anyone require operator assistance during the conference, please press *0 on your telephone keypad. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ryan Johnsrud, Investor Relations.

Thank you. You may begin.

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Unidentified_2 [2]
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