Xometry posts record Q2 2026 revenue of $229M, up 41% YoY, as Protolabs and Lincoln Electric also report record quarters

Xometry (Nasdaq: XMTR) reported record second-quarter 2026 revenue of $229 million, up 41% year over year, with marketplace revenue rising 45% to $215 million. Gross profit reached a record $87.2 million and adjusted EBITDA hit $14.1 million, while active buyers grew 20% to nearly 90,000 and accounts spending over $50,000 annually rose 23%; the company closed the quarter with more than $517 million in cash. Management raised full-year revenue growth guidance to 33-34%, up from 27-28%. In the same earnings cycle, Protolabs posted record revenue of $149.3 million, up 10.6%, and Lincoln Electric reported record sales, with AM cited as a smaller share of each firm's gains.

Xometry's marketplace routes work across 3D printing, CNC machining, and other processes, so its growth reflects overall custom-manufacturing demand rather than an AM-specific signal. Protolabs' 3D printing segment stayed flat even as its other services grew, an early sign that on-demand platforms are diverging in where their additive exposure sits. For AM service bureaus and platform operators, the takeaway is that consolidated marketplace growth does not guarantee proportional additive-specific demand, worth checking at the segment level rather than the top line.