Proto Labs Q3 revenue beats on CNC machining growth

Overview

• Digital manufacturing firm's Q3 revenue rose 14% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 rose 33% yr/yr and beat analyst expectations

• Company raised full-year 2026 revenue growth guidance to 10%-11%

Outlook

• Company raises full-year 2026 revenue growth guidance to 10%-11% from 8%-10%

• Company expects Q4 2026 revenue between $143 mln and $151 mln

• Company sees Q4 2026 GAAP EPS of $0.28-$0.36 and non-GAAP EPS of $0.46-$0.54

Result Drivers

• CNC MACHINING GROWTH - Co said CNC machining revenue rose 16.4% yr/yr

• INJECTION MOLDING DEMAND - Injection molding revenue increased 12.5% yr/yr, per co

• 3D PRINTING UPTICK - 3D printing revenue rose 11.4% yr/yr, according to co

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Proto Labs, Inc. is $102.00, about 12.2% above its October 28 closing price of $90.91

• The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 39 three months ago

Reuters Recommended Reads

• Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook

• Oct 28 - Flowserve Q3 adjusted profit beats estimates on bookings growth, market expansion

• Oct 28 - IDEX Q3 sales beat on increased volumes

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)