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The company delivered a record quarterly revenue with double-digit YoY gains in CNC machining and per-contact revenue, suggesting durable demand and potential multiple expansion. Risks include lack of full injection molding data and absence of forward guidance in the snippet, which could temper near-term enthusiasm until guidance is provided.
What happened, with direct paths to the underlying reporting
Proto Labs posted Q3 2026 revenue of $154.3 million, a record and up 14% YoY. Growth was driven by a 16.6% rise in revenue per customer contact and a 16.4% increase in CNC machining, signaling robust demand for digital manufacturing. Injection molding data were not disclosed, leaving a segment visibility gap.
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