US Protolabs Q3 CNC Machining Revenue Up 16.4%

en.Wedoany.com Reported - On October 29, US digital manufacturing company Protolabs released its third-quarter operating results. For the three months ended September 30, its CNC machining business generated revenue of $73.359 million, up 16.4% year over year, an increase of $10.316 million from the same period last year, accounting for 47.6% of the company's total quarterly revenue. Group revenue for the same period reached $154.32 million, up 14% year over year, setting a new quarterly revenue high.

CNC machining became the company's largest business segment by revenue in the quarter, with its revenue share rising 1 percentage point from 46.6% in the same period last year. In the first three quarters, the company's cumulative CNC machining revenue was $206.96 million, up 16.4% from $177.83 million in the same period of 2025, an increase of $29.133 million.

Other manufacturing businesses maintained varying growth trends. Injection molding revenue in the third quarter was $53.73 million, up 12.5% year over year; 3D printing revenue was $22.364 million, up 11.4% year over year; sheet metal fabrication revenue was $4.063 million, down 4.7% year over year. CNC machining and injection molding together contributed approximately $127.1 million in quarterly revenue.

Protolabs served 20,777 unique customer contacts in the third quarter, down 2.2% year over year, while average revenue per customer contact rose 16.6% year over year. In its quarterly report, the company attributed this change primarily to customer mix adjustments and a concentration toward larger customers with more strategic relationships.

The group's third-quarter operating margin under US GAAP reached 9.4%, up from 6.5% in the same period last year; adjusted operating margin reached 11.9%, compared with 10% in the same period last year. Diluted earnings per share were $0.48, up approximately 61% year over year.

The company raised its full-year 2026 revenue growth forecast to 10% to 11% from its previous range of 8% to 10%. As of September 30, the group's cumulative revenue for the first three quarters was $442.99 million, up 11.7% year over year.