MEC Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Mayville Engineering Company delivered a stronger-than-expected first quarter, posting non-GAAP adjusted diluted EPS of $-0.15 against a consensus estimate of $-0.22, a beat of roughly 30.78%, while net sales of $144.78 million topped estimates by 4.… Read more Mayville Engineering Company delivered a stronger-than-expected first quarter, posting non-GAAP adjusted diluted EPS of $-0.15 against a consensus estimate of $-0.22, a beat of roughly 30.78%, while net sales of $144.78 million topped estimates by 4.03% and rose 6.8% year-over-year. The headline driver was an explosive ramp in the company's Datacenter & Critical Power segment, where revenue surged 470.2% to $23.63 million, fueled by organic growth of 71.3% and the contribution from the Accu-Fab acquisition completed in Q3 2025. That momentum came with costs, however, as $1.20 million in project launch expenses, $2.42 million in restructuring charges, and a 23.8% drop in Commercial Vehicle sales compressed Adjusted EBITDA to $6.47 million, a 4.5% margin versus 9.0% a year ago. Management raised the low end of full-year 2026 guidance to $590 million-$620 million in net sales with Adjusted EBITDA of $52 million-$60 million, pointing to improving Datacenter program profitability and a recovery in legacy end markets weighted toward the second half as reasons for confidence in sequential margin improvement ahead.