Protolabs Posts Record Revenue Growth and Margin Expansion in Q2…

Event summary

Protolabs reported record revenue of $149.3 million for Q2 2026, up 10.6% year-over-year.
GAAP gross margin improved to 46.4%, up from 44.3% in Q2 2025.
CNC machining and injection molding revenues grew by 13.6% and 13.1% respectively.
The company raised its full-year revenue growth guidance to between 8% and 10%.
Revenue per customer contact increased by 16.7% year-over-year.

The big picture

Protolabs' strong Q2 2026 results highlight its successful transformation strategy, with double-digit revenue growth and significant margin expansion. The company's focus on larger strategic customers and operational efficiency positions it well in the competitive digital manufacturing services market. As Protolabs continues to invest in growth initiatives, its ability to balance profitability with expansion will be crucial for long-term success.

What we're watching

Customer Expansion: How Protolabs' ability to attract and retain larger strategic customers will impact future growth.
Operational Efficiency: Whether the company can sustain its margin expansion while investing in strategic growth initiatives.
Market Dynamics: The pace at which digital manufacturing services adoption will grow across different industries.